BUS 101 Chapter 1-5 McGraw Hill Connect Recharge
questions with verified answers
________ involves building analysis models and simulations to create
scenarios, understand realities, and predict future states.
Ans✓✓✓Business analytics
________ is defined as the systems, processes, and tools that enable
organizations to collect data and obtain information from it.
Ans✓✓✓Information technology
A firm's core competency can be defined as ______. Ans✓✓✓a source
of a firm's competitive advantage
According Kotter's Change Management Principles, leaders need buy-in
from at least ______ percent of their managers. Ans✓✓✓75
According to the law of demand, if we assume all other factors are
unchanged: Ans✓✓✓An increase in the price of a good will result in a
decrease in the quantity demanded of that good.
According to the Law of Supply, if we impose the ceteris paribus
assumption, a(n) ______ in the market price for airline tickets, will lead
to a(n) ______ in the quantity of flights supplied by airlines.
Ans✓✓✓increase; increase
decrease; decrease
, According to the Law of Supply, if we impose the ceteris paribus
assumption: Ans✓✓✓An increase in the market price of pickles will
result in an increase in the quantity of pickles supplied
According to the text, corporate social responsibility is used
interchangeably with all of the following terms except:
Ans✓✓✓Entrepreneurship
According to the text, which of the following are stakeholders of an
organization? Ans✓✓✓government
employees
community
customers
An observation of something that occurred at a point of time is
Ans✓✓✓data
An organization with bureaucratic and formalized structures is
considered the following: Ans✓✓✓Mechanistic
Coach handbags sells its high-end purses at premium prices. Coach is
engaging in this type of business strategy: Ans✓✓✓Differentiation
Connecting household devices like electronics, appliances, and cameras
to the Internet is referred to as the: Ans✓✓✓Internet of things
questions with verified answers
________ involves building analysis models and simulations to create
scenarios, understand realities, and predict future states.
Ans✓✓✓Business analytics
________ is defined as the systems, processes, and tools that enable
organizations to collect data and obtain information from it.
Ans✓✓✓Information technology
A firm's core competency can be defined as ______. Ans✓✓✓a source
of a firm's competitive advantage
According Kotter's Change Management Principles, leaders need buy-in
from at least ______ percent of their managers. Ans✓✓✓75
According to the law of demand, if we assume all other factors are
unchanged: Ans✓✓✓An increase in the price of a good will result in a
decrease in the quantity demanded of that good.
According to the Law of Supply, if we impose the ceteris paribus
assumption, a(n) ______ in the market price for airline tickets, will lead
to a(n) ______ in the quantity of flights supplied by airlines.
Ans✓✓✓increase; increase
decrease; decrease
, According to the Law of Supply, if we impose the ceteris paribus
assumption: Ans✓✓✓An increase in the market price of pickles will
result in an increase in the quantity of pickles supplied
According to the text, corporate social responsibility is used
interchangeably with all of the following terms except:
Ans✓✓✓Entrepreneurship
According to the text, which of the following are stakeholders of an
organization? Ans✓✓✓government
employees
community
customers
An observation of something that occurred at a point of time is
Ans✓✓✓data
An organization with bureaucratic and formalized structures is
considered the following: Ans✓✓✓Mechanistic
Coach handbags sells its high-end purses at premium prices. Coach is
engaging in this type of business strategy: Ans✓✓✓Differentiation
Connecting household devices like electronics, appliances, and cameras
to the Internet is referred to as the: Ans✓✓✓Internet of things
