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BUSI 2601 - Exam Review Pre-Test. Laws promote certainty and predictability because they never change (T/F) - CORRECT ANSWER False One of the purposes of the criminal justice system is to ensure that the victim of the crime will be compensated for the harm done by the offender (T/F) - CORRECT ANSWER False A purpose of a legal risk management plan is to reduce the risk of being sued and to reduce the amount of liability in the event of a lawsuit (T/F) - CORRECT ANSWER True The Cana...

BUSI 403 Final Exam Practice Review Test. T/F: For a given annual demand, total annual ordering cost is dependent on order size - CORRECT ANSWER True t/F: When calculating a reorder point, an item's EOQ would not affect the calculation - CORRECT ANSWER TRUE t/f: Inventory management is concerned with how much to order and when to order - CORRECT ANSWER True t/f: If Demand has a linearly decreasing trend, a 3-period moving everage would overestimate the forecast as compared to a...

BUSI 3660 Final Exam With Complete Exam Solutions. interpersonal skills - CORRECT ANSWER skills people use to interact with each other properly, and how people treat each other in the workplace. assertive - CORRECT ANSWER the tendency to put fwd personal wants & needs tactfully & politely in contrast to being aggressive. collaborative - CORRECT ANSWER the tendency to collaborate with others when making decisions. diplomatic - CORRECT ANSWER the tendency to state things in a tactf...

Business Review Practice Exam Test. what are the four functions of management and which is the first step in managing - CORRECT ANSWER planning(first step), organizing, leading and controlling activities that are designed to encourage teamwork and help employees buy into common goals are called what? - CORRECT ANSWER team building describe human relations skills - CORRECT ANSWER the study of how people relate to each other what is time management - CORRECT ANSWER the process of u...

BUSI 100 Final Exam Prep Questions & Answers. Who said: "So long as men live together on earth and need means to deal with one another- their only substitute, if they abandon money, is the muzzle of a gun" - CORRECT ANSWER Ayn Rand Who said: "To form a functioning society there is a list of trade-offs" - CORRECT ANSWER Plato According to Thoreau, which of the following is the choicest of relics? - CORRECT ANSWER Books Who says: "The manager is the ___________ of the...

BUSI 105 FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS. Social Responsibility - CORRECT ANSWER recognition that business activities have an impact on society and the consideration of that impact in the business decision making How it applies Social Responsibility - CORRECT ANSWER costs money but is also good business, Social audit - CORRECT ANSWER a comprehensive report of what an organization has done and is doing with regard to social issues that affect it Code of Ethics - CORR...

BUSI 2200 Final Exam Review Practice Test. A person Product Process - CORRECT ANSWER Creativity can be defined from the standpoint of T - CORRECT ANSWER T/F Creativity is something that creative people do; some things or ideas are creative; and creativity is a process that produces creative things or ideas. Challenge-skill balance Clear goals Feedback - CORRECT ANSWER Three per-conditions for flow: Autotelic - CORRECT ANSWER From the Greek: Auto = self Telos = goal, purpos...

BUSI 3660 - EXAM 1 QUESTIONS CORRECTLY ANSWERED. Communication is necessary for - CORRECT ANSWER -sharing info -persuading others -building/maintaining morale -keeping in touch w/ clients/customers Open communication is characterized by - CORRECT ANSWER -frequent communication among employees -can freely communicate despite job titles -rooted in respect, trust, and empathy TOP FOUR MOST VALUED COMMUNICATION SKILLS IN US JOB ENVIRONMENT - CORRECT ANSWER 1. listening 2. writing ...

BUSI 101 - Exam 1 Review Study Guide Quiz. Business - CORRECT ANSWER Any activity that seeks to provide goods and services to others while operating at a profit. Goods - CORRECT ANSWER Tangible products such as computers, food, clothing, cars and appliances. Services - CORRECT ANSWER Intangible products (i.e. products that can't be held in your hand) such as educations, health care, insurance, recreation, and travel and tourism. Entrepreneur - CORRECT ANSWER A person who risks...

BUSI Exam 1 Complete Study Test. what country has the second largest population? - CORRECT ANSWER India who is the Vice President of the USA? - CORRECT ANSWER Joe Biden what is the unit of currency in China? - CORRECT ANSWER Yuan (Renminbi) what is "the fed"? - CORRECT ANSWER the federal reserve bank who is the chairman of the fed? - CORRECT ANSWER ben bernanke name of the chief justice of the supreme court - CORRECT ANSWER john roberts speaker of the house of re...

ECU BUSI 1200 Final Exam Study Questions and Answers. Which of the following is NOT a reason why strategic management and planning is important to business - It provides direction and focus to help managers keep their eye on the correct priorities - The process of strategic planning serves to encourage new ideas as managers assess their strengths and weakness against competition - It forces the managers to get to know each other socially as they complete the process - It helps dev...

BUSI 411 Final Exam Prep Questions & Answers. Type 1 Error - CORRECT ANSWER Concluding a process is not in control when it actually is. Type 2 Error - CORRECT ANSWER Concluding a process is in control when it is not. What is quality? - CORRECT ANSWER The ability of a product or service to consistently meet or exceed customer expectations. Who is Walter Shewart? - CORRECT ANSWER Father of quality control What is a control chart? - CORRECT ANSWER A statistical chart of time-ord...

BUSI 3250 Exam 1 Study Quiz. What are the 3 P's of sustainability? - CORRECT ANSWER people, planet, profit Meeting the needs of the future without compromising the ability of future generation's to meet their needs - CORRECT ANSWER Sustainable Development C.K. Prahalad popularized the term - CORRECT ANSWER "Bottom of the Pyramid" What does "Bottom of the Pyramid" refer to? - CORRECT ANSWER refers to the approximately 3 billion people who survive on less than $2 ...

BUSI 1200 Exam 1 Questions Correctly Answered. How many classes can you miss before you lose points in your participation grade? - CORRECT ANSWER Two classes How many points do you lose per absence after the first two absences? - CORRECT ANSWER Five points Which of the following are CEO profit tools they can use? - CORRECT ANSWER Mergers and acquisitions, tax consequences- lobbying/ accountants/lawyers, research and development, stock buybacks/ dividends How long must your present...

BUSI 4940 EXAM 1 (Chapter 1 & 2) Exam Questions & Answers. Above average returns - CORRECT ANSWER Returns in excess of what an investor expects to earn from other investments with a similar amount of risk. Average returns - CORRECT ANSWER Returns equal to those an investor expects to earn from other investments possessing a similar amount of risk. Capability - CORRECT ANSWER the capacity for a set of resources to perform a task or an activity in an integrative manner. Competitive ...

Business Principles BUSI 1301 Exam 1 Review Practice Test. Business - CORRECT ANSWER Any activity that seeks to provide goods and services to others while operating at a profit. Entrepreneur - CORRECT ANSWER A person who risks time and money to start and manage a business. Revenue - CORRECT ANSWER The total amount of money a business takes in during a given period by selling goods and services. Profit - CORRECT ANSWER The amount of money a business earns above and beyond what it ...

BUSI 412 Final Exam Study Questions Correctly Answered. Adaptation - CORRECT ANSWER Global Expansion strategy which causes a firm to adapt to local norms and customs in order to gain relevance and market share Aggregation - CORRECT ANSWER Achieve global scale by creating a standardized product that will be appreciated regardless of culture Arbitration - CORRECT ANSWER Achieve absolute economies by specialization and leveraging capabilities in different countries (call centers in Indi...

BUSI 411 Exam 1 (Ch. 1-4) Complete Study Questions & Answers. The function that is part of every business organization that produces products and/or delivers services is the ____ function. - CORRECT ANSWER Operations What is a key difference between the production of goods and the delivery of services? - CORRECT ANSWER The feasibility of using inventory Operations and sales are ____ functions; all other functions are___ functions. - CORRECT ANSWER Line; support One thing that must...

BUSI 1301 Exam 1 Review Practice Test. A person who risks time, effort, and money to start and operate a business is ___________. - CORRECT ANSWER entrepreneur Different people or groups of people who are affected by an organization's policies, decisions, and activities are called ______. - CORRECT ANSWER Stakeholders There are four resources that a business must organize. Which of the following is not one of them? - CORRECT ANSWER Competitor Resources ___________ is an economi...

BUSI 1301 Final Exam Questions & Answers. Products have tangible attributes only - CORRECT ANSWER False The goal of business activities is profit - CORRECT ANSWER True Nonprofit organization such as habitat for humanity do not engage in management, marketing, or finance activities. - CORRECT ANSWER False Profit is what it cost to make and sell a product - CORRECT ANSWER False Businesses have the right to keep and use their profits as they choose, without limitations. - CORRECT...