BUSN115 Week 2 Quiz Latest 2017 (Solution 100%)

QuestionQuestion 15 / 5 pts(TCO 1) A(n) _____ is a framework of how a business intends to generate revenue.business modelstrategic management toolprofitability analysiscompetitive advantageentrepreneurial mindsetQuestion 25 / 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 35 / 5 pts(TCO 1) _____ audit the financial reports of public companies as required by law.Internal accountantsExternal auditorsCredit managersManagement accountantsForensic accountantsQuestion 45 / 5 pts(TCO 1) When the number of competitors in a market is quite small, a situation known as _____ is created.monopolymonopsonyoligopolymonopolistic competitionpure competitionQuestion 55 / 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.StructuralIntrinsicFrictionalCyclicalSeasonalQuestion 65 / 5 pts(TCO 1) ________ taxes, levied on the earnings of individuals and businesses, are the government's largest single source of revenue.IncomePropertySalesExcisePayrollQuestion 75 / 5 pts(TCO 1) _____ is the process of influencing and motivating people to work willingly and effectively toward common goals.OrganizingLeadingPlanningDirectingControllingQuestion 85 / 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.appraisalstrategiccontingencytacticalcorporateQuestion 95 / 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.ParticipativeConsultativeAutocraticTransactionalLaissez-faireQuestion 105 / 5 pts(TCO 2) An embargo is a _____.quantity restriction on the import of particular goods or servicessurcharge imposed on the import of certain productssubsidy offered to products exported from a countrycomplete ban on the import or export of certain productsform of financial assistance extended to domestic producersQuestion 115 / 5 pts(TCO 2) The North American Free Trade Agreement (NAFTA) was formed by the United States, Canada, and _____.Costa RicaJamaicaCubaMexicoHondurasQuestion 125 / 5 pts(TCO 2) _____ refers to buying goods or services from a supplier in another country.FranchisingImportingLicensingPartneringIntermediatingQuestion 135 / 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 ethicswhistle-blowinginsider tradingutilitarianismstrategic CSRQuestion 145 / 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 155 / 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 CSRcode of ethicsconflict of intereststrategic CSRethical dilemma