BUSN115 Week 2 Quiz Latest 2017

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    Question 1

    5 / 5 pts

    (TCO 1) A(n) _____ is a framework of how a business intends to generate revenue.

    business model

    strategic management tool

    profitability analysis

    competitive advantage

    entrepreneurial mindset

    Question 2

    5 / 5 pts

    (TCO 1) Which of the following statements is true regarding business mindset?

    It involves seeing the business from the outside in.

    It is incompatible with corporate responsibility.

    It involves appreciating the challenges a company faces in satisfying customer needs.

    It involves acknowledging that businesses always benefit society.

    It involves ignoring one’s customer experiences.

    Question 3

    5 / 5 pts

    (TCO 1) _____ audit the financial reports of public companies as required by law.

    Internal accountants

    External auditors

    Credit managers

    Management accountants

    Forensic accountants

    Question 4

    5 / 5 pts

    (TCO 1) When the number of competitors in a market is quite small, a situation known as _____ is created.

    monopoly

    monopsony

    oligopoly

    monopolistic competition

    pure competition

    Question 5

    5 / 5 pts

    (TCO 1) _____ unemployment is the natural movement of workers into and out of jobs, such as when a person quits one job without first lining up a new job.

    Structural

    Intrinsic

    Frictional

    Cyclical

    Seasonal

    Question 6

    5 / 5 pts

    (TCO 1) ________ taxes, levied on the earnings of individuals and businesses, are the government’s largest single source of revenue.

    Income

    Property

    Sales

    Excise

    Payroll

    Question 7

    5 / 5 pts

    (TCO 1) _____ is the process of influencing and motivating people to work willingly and effectively toward common goals.

    Organizing

    Leading

    Planning

    Directing

    Controlling

    Question 8

    5 / 5 pts

    (TCO 1) The overall plan might be supported at the next level down by such plans as a research and development plan, a manufacturing plan, and a marketing plan. Such functional plans are called _____ plans.

    appraisal

    strategic

    contingency

    tactical

    corporate

    Question 9

    5 / 5 pts

    (TCO 1) _____ leaders act as advisors and supporters and generally let subordinates chart and adjust their own course toward meeting agreed-upon goals and objectives.

    Participative

    Consultative

    Autocratic

    Transactional

    Laissez-faire

    Question 10

    5 / 5 pts

    (TCO 2) An embargo is a _____.

    quantity restriction on the import of particular goods or services

    surcharge imposed on the import of certain products

    subsidy offered to products exported from a country

    complete ban on the import or export of certain products

    form of financial assistance extended to domestic producers

    Question 11

    5 / 5 pts

    (TCO 2) The North American Free Trade Agreement (NAFTA) was formed by the United States, Canada, and _____.

    Costa Rica

    Jamaica

    Cuba

    Mexico

    Honduras

    Question 12

    5 / 5 pts

    (TCO 2) _____ refers to buying goods or services from a supplier in another country.

    Franchising

    Importing

    Licensing

    Partnering

    Intermediating

    Question 13

    5 / 5 pts

    (TCO 2) The use of unpublicized information that an individual gains from the course of his or her job to benefit from fluctuations in the stock market is called _____.

    a code of ethics

    whistle-blowing

    insider trading

    utilitarianism

    strategic CSR

    Question 14

    5 / 5 pts

    (TCO 2) Which of the following statements is true regarding whistle-blowing?

    Whistle-blowing is the normal channel through which employees can address issues involving unethical or illegal behavior within their companies.

    Whistle-blowing refers to the use of unpublicized information that an individual gains from the course of his or her job to benefit from fluctuations in the stock market.

    Whistle-blowing occurs when employees share confidential company information with external agents for personal gain.

    The federal and state laws governing whistle-blowing are simple and clear, so that they can be easily used by employees and employers to navigate through.

    Although whistle-blowing is sometimes characterized as “ratting on” colleagues or managers, it has an essential function.

    Question 15

    5 / 5 pts

    (TCO 2) The manager of a golf course awards a landscaping contract to his brother-in-law’s company, even though another company was willing to do the same work for less money. This is an example of a(n) _____.

    defensive CSR

    code of ethics

    conflict of interest

    strategic CSR

    ethical dilemma

     

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