BUSN 115 WEEK 2 QUIZ LATEST-DEVRY

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BUSN 115 Week 2 Quiz Latest-DeVry

BUSN115

BUSN 115 Week 2 Quiz Latest-DeVry

Question 1:(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: (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. (TCO 1) Which of the following positions would be responsible for establishing the long-term financial goals of the company, investing its funds and raising capital for the business?

• Cash manager
• Internal auditor
• Chief information officer
• Forensic accountant
• Treasurer

Question 4. (TCO 1) Which of the following is a characteristic feature of economic contraction?

• Decreased unemployment rates
• Decreased consumer spending
• Increased income
• Increased employment
• Increased demand

Question 5. (TCO 1) _____ is a steady rise in the average prices of goods and services throughout the economy.

• Recession
• Depression
• Deflation
• Inflation
• Arbitration

Question 6. (TCO 1) _____ taxes are levied on earnings of individuals to help fund Social Security, Medicare, and unemployment compensation.

• Excise
• Payroll
• Sales
• Income
• Property

Question 7. (TCO 1) _____ intelligence involves reasoning, problem solving, memorization, and other rational skills.

• Cognitive
• Emotional
• Social
• Collaborative
• Networking

Question 8. (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. (TCO 1) The first step in managing organizational change is _____.

• 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

Question 10. (TCO 2) _____ limit the amount of particulargoods that countries allow to be imported during a given year.

• Import subsidies
• Embargoes
• Import quotas
• Import tariffs
• Restrictive import standards

Question 11. (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. (TCO 2) Transparency International is a(n) _____.

• accounting agency that promotes the use of unified accounting systems across the world
• watchdog group that works to reduce business-government corruption around the world
• agency that works toward implementing protectionist regimes across the globe
• agency of the United Nations that is formed to mediate international negotiations
• agency of the United Nations that is formed to investigate transparency issues in international trade

Question 13. (TCO 2) _____ are the principles and standards of moral behavior that are accepted by society as right versus wrong.

• Mandates
• Ethics
• Business mindset
• Etiquette
• Philanthropy

Question 14. (TCO 2) Which of the following is an example of whistle-blowing?

• An employee discloses confidential information about the company to a rival firm for personal gain.
• An employee suggests some process changes to his manager that he claims will increase the productivity of the team.
• An employee avoids taking ownership of his mistakes by blaming it on his coworkers.
• An employee informs the manager that some of his team members are misusing confidential customer details from the company database.
• An employee who is unsatisfied with his performance appraisal requests his manager for a re-evaluation of his performance.

Question 15. (TCO 2) Which of the following statements is true regarding ethical decision making?

• When an employee is unable to make a decision because more than one side of an issue can be supported with valid arguments, it is called an ethical lapse.
• The disclosure of information by a company insider that exposes unethical behavior by others within the organization is called an ethical lapse.
• Stakeholders’ needs often conflict, requiring managers to make tough decisions about resource allocation.
• Making objective decisions will lead to ethical lapses.
• When the question of what is right and what is wrong is clear, ethical decisions are easy to implement.