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BUS 100f exam 1
N/A
34
Business
Undergraduate 1
09/30/2013

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Cards

Term

All of the following are communication barrierss except/

  1. perceptual barriers
  2. holistic barriers
  3. language barriers
  4. Cultrual barriers
Definition
Holistic (2)
Term

A key to dynamic delivery is to

  1. memorize the material
  2. choose a topic you're familar withthen relax and just wing it
  3. Vary your voice, expressions, and body language
  4. interject a lot of jokes
Definition
Vary your voice expressions, and body language (3)
Term

The training was completed just in time for the new software application. This is an example of

  1. Noise
  2. Passive voice
  3. dynamic delivery
  4. subjunctive phrasing
Definition
Passive voice (2)
Term

The Goal of bis is to generate long-term ___ by delivering ___ to their customer.

  1. Value; product
  2. profits; value
  3. profits; security
  4. value; profits
Definition
Profits; value (2)
Term

Of the factors of production, which is considered the mos important?

  1. Natural resources
  2. Human resources
  3. Entrepreneurship
  4. Capital
Definition
Entrepreneurship (3)
Term

As baby boomers retire, companies will

  1. Face few problems finding labor, because the next gen is larger the the one retiring
  2. need to compete for top talent raising cost of recruiting and pay
  3. Rely mainly on unskilled labor in the future
Definition
Need to compete for top talent raising cost of recruiting and pay (2)
Term

The five key dimensions of the broader bis environment include:

  1. Economic, competetive, technological, social.
  2. technological, economic, demographic, global, social
  3. Global, social, technological, market, value
  4. customers, vendors, wholesalers, and retailers
Definition
economic, competetive, technological, social (1)
Term

It was during this era that many bis began to dominate their markets, forcing out competetior, manipulating prices and exploiting workers which lead the gob to pass laws regulating bis

  1. Industrial revolution
  2. entrepreneurship era
  3. Production era
Definition
Entrepreneurship era (2)
Term

___ provides info to bis about where people live and their traits, such as race, gender, age, income, and education.

  1. Psychology
  2. Demography
  3. Ethnography
  4. Sociology
Definition
Demography (1)
Term

A __ is any activity that provides goods and services in an effort to earn a profit.

  1. core goal
  2. business
  3. value
  4. all of the above
Definition
Business (2)
Term

The hard sell or aggressive persuasion designed to separate sonsumers from their cash emerged during the

  1. industrial rev
  2. entrepreneurship era
  3. production era
  4. relationship era
Definition
production era (3)
Term

During the relationship era, bis believed it was more profitable to

  1. concentrate on attracting new costumers
  2. cultivating current costumers by using tech
  3. focusing on immediate customer transactions
  4. focus on print advertising and not consumer satisfaction
Definition
cultivation current costumers by using tech (2)
Term

An employers attempt to accomidate the needs of their employees reflects the need of employers to recognize

  1. the specific needs of generatoin I
  2. Rising worker expectations
  3. the growing number of older workers in the labor force
  4. the global enviornment of bis
Definition
rising worker expectations. (2)
Term

As a factor of production, capital would include

  1. machines, tools, buildings and tech
  2. money, land, labor, and entrepreneurship
  3. machines, money, tools, and buildings
  4. and entrepreneur's freedom
Definition
machines, tools, buildings, and tech (1)
Term

Most bis enterprises in USA are privately owned however the gobe owns a number of major enterprises which suggests that the US economy is best classifies as:

  1. Pure market economy
  2. mixed economy
  3. true command economy
  4. pure planned economy
Definition
mixed economy (2)
Term

An employer resigns due to daminding boss and no job satisfaction.  this is an example of _____ unemployment.

  1. seasonal
  2. structural
  3. frictional
  4. cyclical
Definition
frictional (3)
Term

An economic system is a structure for

  1. measuring GDP
  2. Allocating limited resources
  3. forecasting trends
  4. none of the above
Definition
allocating limited resources
Term

A president facing the beginnings of a recession, an expample of a fiscal policy for this situation is

  1. ask congress to cut total spending on social programs to avoid running a buget deficit
  2. Ask congress to cut taxes to give consumers more to spend and invest
  3. oder the Fed to raise the required reserve ratio
Definition
ask congress to cut taxes to give consumers more to invest and spend (2)
Term

Firms in oligopolistic markets tend to

  1. keep prices as low as possible
  2. avoid price competition whenever possible
  3. be very concerned about the possibility of new firms entering their market.
  4. have very small market shares
Definition
avoid price competition whenever possible (2)
Term

In the bis cycle and example of rising economic growth and increase in employment is a

  1. recovery
  2. peak
  3. contraction
  4. disinflation
Definition
recovery (1)
Term

Which of the following directly impacts the range of products and prices in a free market system

  1. gov pricing polocies
  2. new product development plans
  3. the constant interaction between buyers and sellers
  4. corporate marketing programs
Definition
the constant interaction between buyers and sellers (3)
Term

A ___ is targeted to borrowers with low credit scores, high debt-to-incom ratios or signs of a reduced ability to repay the money they borrow

  1. home equity line of credit
  2. revolving line of credit
  3. fixed rate mortgage loan
  4. subprime mortgage loan
Definition
subprime mortgage loan (4)
Term

__ refers to actions that shape the economy by influencing interest rates and the supply of money.

  1. fiscal policy
  2. monetary policy
  3. revenue policy
  4. deficit policy
Definition
monetary policy (2)
Term

Which of the following would be studies in the greatest detail in a macroeconomics course?

  1. how a large car manufacturer decides how many SUV's to produce
  2. how consumers would respond if a bis raised prices
  3. factors that influence the nation's unemployment rate
Definition
factors that influence the nations unemployment rate (3)
Term

In the bis cycle, when is an economy in recessoin

  1. When the economic "feel good factor" disappears
  2. when the GDP decreases for two consecutive years
  3. an expecially deep and prolonged "trough" in the market
  4. when the GDP decreases for two consecutive quarters
Definition
when the GDP decreases for two consecutive quarters (4)
Term

The main economic goal of the gov in a socialist economy is to

  1. keep taxes as low as possible
  2. operate key economic enterprises in the best interests of the general public.
  3. achieve the highest possible rate of economic growth
  4. provide the widest array of economic freedomes to its citizens
Definition
operate key economic enterprises in the best interest of the general public (2)
Term

The key difference between S corps and C corps is that

  1. the owners of C corps have limited liability while S corp owners have unlimited
  2. S corps may have no more than 100 shareholders who muct all be citizens while C corps do now have these restrictions on ownership
  3. C corps seek profits while S corps are non profit
Definition
S corps may habe no more than 100 shareholders who must all be citizens of US while C corps do not have these restricions on ownership (2)
Term

Limited partners

  1. have limited liabiity for the debts of their company as long as they do not actively participate in management.
  2. Risk their personal wealth in exchange for a controlling share of ownership
  3. agree to invest their money in the company for limited time
Definition
Have limited liability for the debts of their company as long as they do not actively participate in management. (1)
Term

A key advantage of a corp is that

  1. the owners maintain limited liability
  2. It is easy to form this type of bis
  3. The owners maintain unlimited liability
  4. the bis is considered an externsion of the owner
Definition
The owners maintain limited liability (1)
Term

Types of corporations include:

  1. sole, general, and nonprofit
  2. general, S, statutory close, and nonprofit
  3. limited, general, nominal, and S
  4. general, limited and limited liability
Definition
general, S, statutory close, and nonprofit (2)
Term

Sole proprietorships make up over __ of all bis.

  1. 5%
  2. 25%
  3. 70%
  4. 95%
Definition
70% (3)
Term

Three types of partnerships:

  1. sole, general, and specific
  2. general, unlimited, and general liabilty
  3. specific, general, and generic
  4. general, limited and limited liabilty
Definition
general, limited, and limited liability (4)
Term

63% of fortune 500 firms have filed atricles of incorporations in the state of

  1. California
  2. Maryland
  3. Delaware
  4. Texas
Definition
Delewar (3)
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