Homework answers / question archive / Georgia Southern University - BUSA 1105 LM1 Quiz Answer 1)To encourage entrepreneurial growth, governments might The new era of business will Which of the following circumstances is most likely to reduce one’s standard of living? Today, high-paying service-sector jobs in the U

Georgia Southern University - BUSA 1105 LM1 Quiz Answer 1)To encourage entrepreneurial growth, governments might The new era of business will Which of the following circumstances is most likely to reduce one’s standard of living? Today, high-paying service-sector jobs in the U

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Georgia Southern University - BUSA 1105

LM1 Quiz Answer

1)To encourage entrepreneurial growth, governments might

1. The new era of business will
2. Which of the following circumstances is most likely to reduce one’s standard of living?
3. Today, high-paying service-sector jobs in the U.S. can be found in 
4. The number of businesses owned by immigrants, minority groups, and women has ___ in recent years.
5. The impact of ear and terrorism on U.S. business is that:
6. Profits equal
7. When developing and maintaining good stakeholder relationship, companies find that___.
8. Among the changes resulting from increased global trade are:
9. What must companies do to be competitive in today’s market?
10. When referring to risk, which of the following statements is reasonable?
11. When corruption is evident in governments:
12. Which of the following is (are) not considered a factor of production?
13. Increased diversity of the population of the United States has:
14. Since the mid-1980s, the _____ sector has generated the most increases in employment in the United States

 

LM2 Quiz Answer

1. If your supervisor directed you to enter false information into a sales order book and told you if you refused that you would lose your opportunity for promotion, you would probably consider this situation to be a(n) ________.
2. Progressive companies today use __________ to communicate their CSR efforts with the public. Toyota, for example, ran a contest where it donated 100 cars to nonprofit organizations, voted on by Facebook™ and Twitter™ participants.
3. Which of the following is not included as one of the questions we must ask when faced with an ethical dilemma?
4. American businesses are
5. Ethics are the standards of right and wrong set for us by society, whereas the law is __________
6. Proponents of corporate social responsibility strongly believe in benevolence; however, they still want their businesses to be profitable. In the long run, they believe ______________.
7. The Pak-It-Your-Way Company makes custom packaging of all kinds. The firm has evolved into a big business due to quality and innovative work. Recently, top management asked company departments to list and evaluate the kinds of socially responsible efforts conducted internally and externally in the business and also to list negative occurrences that supervisors observed. Top management is essentially conducting a(n)_____________.
8. A legal provision known as the _______________ now provides an award for whistleblowers whose actions result in a legal conviction. The monetary award may total as high as 30% of the amount collected for violations, above the first $1 million.
9. U.S. companies that operate abroad, particularly those who contract with foreign companies, are now ________ human rights and environmental standards followed by U.S. law.
10. Which of these actions is least likely to restore the trust of the American public in the free-market system?
11. Organizational ethics begins:
12. Government and business leaders are being held to:
13. When it comes to ethical behavior:
14. The first day on the job waiting tables at a popular restaurant, Ashley noticed that when one member of the wait staff was serving a very large party, the other waiters would help with carrying food to the tables and even checking to make sure water glasses were filled. Although these actions were not part of the mandatory wait staff training, Ashley perceived that wait staff members who were not attentive in helping out were not viewed as team players by the majority of employees. Ashley was observing an example of the ___________ followed at this organization.
15. Besides environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is _____________.
16. Which of the following statements reflects upon the difficulty companies face when requiring international suppliers to follow environmental and human rights standards set by U.S. firms?
17. A few months ago, Pedro’s Pizza House, a large nationwide chain of restaurants, purchased one of its competitors, Italian Stallion Pizza Stations, for $800 million. Italian Stallion stockholders got a very fair deal for their stock they owned in the company. However, the purchase was not without its problems. An issue arose when it was disclosed that somehow a member of Pedro’s management team mentioned the deal to a person he sat next to on a flight from LA to Seattle. That person called five of his relatives and several friends. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. These actions are called _________.
18. Which of the following is not a part of an integrity-based ethics code?
19. The last recession changed the way many companies offer support to people and communities in need. Many companies ______________.
20. Jake served on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. One employee whose name was at the top of everybody’s list was instrumental in helping another employee who failed to wear his protective headgear to avoid suffering a serious head injury. Although this was a noble act, Jake knew that the hero was frequently negligent about wearing his own headgear. Jake knew that several other employees followed strict company policy every day and always wore their headgear; yet, they were not being acknowledged for their compliance. According to Norman Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision?

 

LM3 Quiz Answer

1. Recently, two nations experienced a trade dispute over copyright issues. Country “A” accused Country “B” of violating international copyright laws. Since both were members of ______________, they appealed to this organization to mediate the dispute
2. The difference between money coming into a country from exports and money leaving a country due to imports, plus money flows from other factors, is known as the:
3. Because of the high volume of bicycles as a common form of transportation in Beijing and Shanghai, Charles wants to sell his bicycle horns to these markets. In this case, the exchange rate is $1 U.S. dollar = 6.42 Chinese yuan. Economically speaking, how are his prospects?
4. Besides the shift of jobs to foreign countries, outsourcing has other drawbacks such as __________.
5. According to Geert Hofstede, who has spent a lifetime studying differences in cultures, the Chinese have a long-term orientation, meaning they are patient savers and are willing to forgo things today, for a better future. Americans typically have a short-term orientation. They prefer more instant gratification and are not as willing to save for the future. This difference in values between the Chinese and Americans is a _____________ attribute that may represent a challenge in future global trade.
6. Buying products produced in another country is known as:
7. The nation of Andulasia exports $50 million worth of products and services and imports $44 million worth of products and services. Andulasia has a(n) _____________.
8. All of the following are reasons for countries to participate in foreign trade except:
9. Americans are often accused of ethnocentricity. This means that:
10. The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from the European Union other products which South Africa could produce but at a higher cost than what it costs the Europeans to produce. This practice follows the premise of _________________.
11. We refer to the BRIC nations as four global economic powers that will likely be important forces in world trade by 2030. It is predicted that the two nations that will supply the world with most of the world’s raw materials are ___________.
12. The law that specifically prohibits “questionable” or “dubious” payments to foreign officials in an effort to secure business contracts is called the:
13. The strategic alliance between Coca-Cola and Nestlé has spanned a period of over 20 years due to the fact that both companies benefit from this arrangement. As a global marketing strategy, an important characteristic of a strategic alliance is _____________.
14. Sovereign wealth funds (SWFs) are a fast-growing form of foreign direct investment. The size of these funds and the fact that they are investments from government coffers of other nations might be a cause for concern. More specifically, some fear __________.
15. Using government regulations to limit the import of goods and services is called:
16. During the past five years, the nation of Andolvia began a massive undertaking: teaching farmers how to successfully grow and harvest peanuts. The government subsidized the building of peanut processing plants, where private businesses are now producing peanut butter and other products of nutritional value. Although the Andolvia government has not completely banned the importation of peanuts, it has placed ________________ on the number of peanut products that the nation can import each year, in order to protect Andolvia’s young peanut industry.
17. The makers of Whirlpool washers and other electrical appliance manufacturers need to be concerned about the kind and availability of electricity in the global marketplace. If there were a compatibility problem, it would be the result of a _____________difference.
18. ______________ is the world’s largest exporter
19. In global trade, the term “dumping” refers to:
20. As a strategy for reaching global markets, licensing provides the licensor with several advantages. One advantage is _____________.

 

LM4 Quiz Answers

1. Technical skills that apply to the business at hand are most often necessary at __________
2. Which of the following is a false statement about small business?
3. Contemporary managers ___________.
4.  “We believe in creating loyal customers by providing a superior experience at a great value. We are committed to direct relationships, providing the best products and services based on standards-based technology, and outperforming the competition with value and a superior customer experience.” This statement is a part of Dell’s
5. The management function of ___________ includes hiring, motivating and retaining the best people to accomplish the company’s objectives.
6. While on a trip to South Africa, Erin was impressed with colorful woven outdoor placemats, floor mats, chair cushions, and umbrellas that local artisans were weaving. Upon returning to the U.S., she was confident that U.S. consumers would be as intrigued by these accessories as she was. Erin decided to explore the possibility of starting an importing business to bring these products to the U.S. Which of the following statements seems to be good advice for Erin?
7. After 8 years of working for a company that installed underground sprinkling systems for golf courses, Jake was ready to venture into his own business. As he prepared his SWOT analysis, he evaluated where he stood at this time. He was fortunate to have $100,000 financing to get the business under way. He knew of three skilled installers who were willing and interested to work for him, and he was aware that new construction was at an all-time low, with several residential properties being foreclosed. In reviewing his list, you would categorize these events as __________.
8. As managers perform all four management functions, we recognize that ________ is required. For example, when making plans, the manager must typically choose between two or three alternatives, that have pros and cons.
9. Andre works for a company that promotes an entrepreneurial culture. Employees are encouraged to discuss new ideas. Development time is provided on the job for those ideas that float to the top. Employees who use their creative talents to generate ideas and create products within large companies are called ________.
10. Why do incubator facilities continue to remain very popular with start-up businesses?
11. A small business:
12. Select the statement that best substantiates why we say, “The role of management is changing.”
13. Reed Hastings created Netflix. His inspiration came from the fact that he had to pay a sizeable late fee for returning a DVD beyond the due date at a rental store. It took a few tries to develop the winning business model. Which statement accurately describes his key to success?
14. Sergey Brin and Larry Page are the founders of Google. Most would agree that they have a superb product, but in order to grow, the company needed more structure. Together, they agreed to hire Eric Schmidt to join the executive team as the executive chairman. Schmidt quickly began performing the ________ function, where he created well-structured departments and hired skilled people to perform the various functions of the business.
15. Pam logged onto her Facebook account and noted that Sallie liked two different websites. Since Sallie is a good friend of Pam’s and a reliable source of information, Pam checked out these websites and decided to purchase products from one of them. A common strategy for web-based business is _______________.
16. Cara started a small business a little less than 10 years ago. The business employed several social workers and nurses that visited and cared for persons who had left hospital care, but were not quite ready to be on their own at home. As the CEO of the firm, Cara decided it was time to hire a business operations manager and a marketing manager to handle the details of the business. Which of the following functions of management was Cara primarily performing?
17. Why do experts agree that small-business management and large-business management are similar in practice?
18. A traditional tool that serves as a way of evaluating a company’s current business situation is called the SWOT Analysis. This is an acronym for ___________.
19. Which of the following is a false statement?
20. Leveling the playing field for home-based businesses, ___________ has (have) made starting a home-based business much more affordable.

 

LM5 Quiz Answer

1. Up until now, Mac and Zach’s Youth Sports Academy has served the ____________ market. Just recently, the local high school contacted them inquiring about practice space for boys’ baseball and girls’ softball during bad weather. If they negotiate a contract with the high school, they will also be serving the ___________ market.
2. Which of the following products would be considered as part of the business-to-business market?
3. The idea behind the marketing concept is ___________.
4. When Sun-2-Shade needed some information about the potential market for their product, the marketing team looked to the Internet to find industry trends, and at the market for eyewear products, which uses the same technology that is used in their self-darkening windshield. The type of information the marketing team was using is referred to as:
5. As Mac and Zach explore the possibility of starting a youth sports academy, they collect demographic and lifestyle information about the families who would potentially buy their service. This exercise will help to better identify their ________.
6. After one year of operation, Mac and Zach learned that several enthusiastic baseball players were driving to a larger town to receive similar services. In order to learn about the potential customers who were going elsewhere for service, Mac and Zach proceeded to look online to determine how competitors’ services differed from theirs. They learned that competitors were open longer hours on weekends, and even had celebrity endorsements. The new information they gathered, and its interpretation was the _______________ part of the marketing research process.
7. What is the first step in the marketing research process?
8. Lauren is heading home from work and realizes she forgot to buy cat food during her lunch hour. As she navigates the traffic, she tries to decide where it will be most convenient to stop. She could go to the large discount store, which would give her the best price, but the lines are usually long after work. There are a couple of convenience stores on her route, but she isn’t certain they will have her cat’s brand. The grocery store is no better than the discount store after work. She settles on one of the drug store chains that also has just about everything. It is larger than the convenience stores, but never as crowded as the grocery store or discount store. In terms of consumer behavior, _____________ influences have guided Lauren’s decision.
9. When McDonald’s considered adding pizza to their menu, the company made pizza available in some of their more established markets, to determine customer reactions. That process is called:
10. Once Mac and Zach have a better understanding of the kinds of baseball skills that local youth want to acquire, they can begin to prepare the ________________.
11. Intermediaries are:
12. Business-to-business (B2B) customers _________________
13. Which of the following would be considered when discussing the marketing mix variables?
14. Marketers constantly require good information if they are to meet or exceed their customers’ expectations. When performing marketing research, Mac and Zach’s first step is to:
15. Mac and Zach want to start their own youth sports academy aiming to teach baseball skills to young boys. Which of the following steps in the marketing process is a good place to begin
16. Two baseball leagues in the city, where Mac and Zach plan to open their sports academy, agreed to allow them to distribute an e-mail survey to their league players. In order to capture this opportunity, Mac quickly put together a set of 15 questions that inquire about the type of skills (batting, pitching, fielding, running) that league players want to develop. The survey and subsequent information this research would glean is called ________________ data.
17. Recently, Mac and Zach’s Youth Sports Academy has had several inquiries about girls’ softball. While scanning the ____________ environment in their service area, they become aware of the growing importance of girls’ sports, and particularly girls’ softball. Girls’ softball received a boost in their local market when the high school team won the state championship. Mac and Zach are seriously considering expanding their operation to include softball skill lessons for young girls
18. Focusing on long-term customer loyalty is called ____________.
19. Market segmentation is about dividing the total market for a product or service into groups with similar characteristics and needs. Marketers often divide the total market for their products and services demographically, either by age, education, or income level. If they wanted to know if all 18-year-olds in their market had similar TV show and movie interests, their inquiry would also focus on _____________ segmentation.
20. The increase in the number of older Americans has created a growing demand for nursing homes, health care, continuing education and more. This is as a result of the changes in the ____________ factors in the environment.

 

LM6 Quiz Answers

1. In a private company’s accounting system, inputs are _______________ and outputs are _________.
2. Which of the following describes an activity associated with accounting?
3. The primary purpose of accounting is to:
4. Buying and selling goods, acquiring insurance and using supplies represent __________ transactions.
5. __________ accounting is used to provide information and analysis to managers within the firm to assist them in decision making.
6. A Certified Public Accountant (CPA) is ___________ .
7. In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by acceptable accounting standards. Companies hire ________ to provide unbiased opinions about the accuracy of a firm’s financial statements.
8. This legislation created new government reporting standards for publicly traded companies
9. Jim Hopson is an accountant who works for a number of businesses as a consultant. He has helped to design an accounting system, provides accounting services, and has analyzed the financial strength of many of his clients. Jim is working as a
10. Ledgers are used to compile information to complete which of the following?
11. The accounting cycle is a six-step process that results in:
12. If you were working as a bookkeeper, the first action you would take is to:
13. A specialized accounting book in which information is accumulated into specific categories and posted so managers can find all information about one account in the same place is a:
14. Which of the following is true of the use of computers in accounting?
15. Accumulated earnings from a firm’s profitable operations that are kept in the business and not paid out to stockholders are called ____________
16. The fundamental accounting equation is ________.
17. Small businesses that are just getting off the ground often have problems with the difference between cash coming into the business and cash going out of the business. For example, if the company allows far too lenient credit sales terms, customers do not pay on time, which could cause cash to come in too slowly. That’s why all businesses must keep a careful watch on their ________.
18. Which of the following would be considered a current asset?
19. Which of the following assets would be considered to be the most liquid (able to convert easily to cash) assets?
20. If Beck’s Bicycles, Inc.’s income statement shows gross profit of $350 million, with operating expenses of $120 million, and if Beck’s tax rate is 30%, what is the firm’s net income after taxes?