BUSN115 Intro to Business Quiz Week 2

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BUSN115 Intro to Business Quiz Week 2
(TCO 2) Which of the following approaches to resolving ethical dilemmas advocates choosing the option…

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BUSN115 Intro to Business Quiz Week 2

BUSN115 Intro to Business Quiz Week 2

A+

(TCO 1) A(n) _____ is a framework of how a business intends to generate revenue. (Points : 5)

Business model

Strategic management tool

Profitability analysis

Competitive advantage

Entrepreneurial mindset

(TCO 1) The _____ function of an organization coordinates the incoming flow of materials and the outgoing flow of finished products. (Points : 5)

Finance

Logistics

Human resource

Purchasing

Sales

(TCO 1) _____ audit the financial reports of public companies as required by law. (Points : 5)

Internal accountants

External auditors

Credit managers

Management accountants

Forensic accountants

(TCO 1)  _____ is defined as having two consecutive quarters of decline in the country’s gross domestic product. (Points : 5)

Deflation

Stagnation

Immobilism

Stagflation

Recession

(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. (Points : 5)

Structural

Intrinsic

Frictional

Cyclical

Seasonal

(TCO 1) ________ taxes, levied on the earnings of individuals and businesses, are the government’s largest single source of revenue. (Points : 5)

Income

Property

Sales

Excise

Payroll

(TCO 1) _____ is the process of influencing and motivating people to work willingly and effectively toward common goals. (Points : 5)

Organizing

Leading

Planning

Directing

Controlling

(TCO 1) In order to be effective, a business goal should be _____. (Points : 5)

Broadly defined

Measurable

Time unlimited

Remotely defined

Substantially high

(TCO 1) The first step in managing organizational change is _____. (Points : 5)

Monitoring continued progress of the change effort

Identifying the need for change

Reinforcing the changed behavior

Analyzing the forces acting against the change

Choosing the technique to be used in instituting the change

(TCO 2) An embargo is a _____. (Points : 5)

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

(TCO 2) The _____ was established to foster international financial cooperation and its primary functions include providing short-term loans to countries that are unable to meet their financial obligations and working to alleviate poverty in developing economies. (Points : 5)

World Trade Organization

World Commerce Center

European Union

North American Free Treaty

International Monetary Fund

(TCO 2) _____ refers to buying goods or services from a supplier in another country. (Points : 5)

Franchising

Importing

Licensing

Partnering

Intermediating

(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 _____. (Points : 5)

A code of ethics

Whistle-blowing

Insider trading

Utilitarianism
strategic CSR

(TCO 2) Which of the following statements is true regarding whistle-blowing? (Points : 5)

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.

(TCO 2) Which of the following approaches to resolving ethical dilemmas advocates choosing the option that delivers the most good for the most people? (Points : 5)

Individual rights

Utilitarianism

Strategic CSR

Sustainable development

Kantian ethics