BUSN 115 Week 2 Quiz
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Question 1. Question : (TCO 1) _____ is money that an organization brings in through the sale of its goods and services.
Question 2. Question : (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. Question : (TCO 1) _____ audit the financial reports of public companies as required by law.
Question 4. Question : (TCO 1) Which of the following is a characteristic feature of economic contraction?
Decreased unemployment rates
Decreased consumer spending
Question 5. Question : (TCO 1) Inflation is a major concern for consumers, businesses, and government leaders, because it _____.
is a precursor to recession
decreases the purchasing power of consumers
decreases the production costs
increases the demand for commodities
decreases the opportunity cost of holding cash balances
Question 6. Question : (TCO 1) _____ taxes are levied on earnings of individuals to help fund Social Security, Medicare, and unemployment compensation.
Question 7. Question : (TCO 1) _____ is the process of influencing and motivating people to work willingly and effectively toward common goals.
Question 8. Question : (TCO 1) A(n) _____ is a specific, short-range target or aim.
Question 9. Question : (TCO 1) _____ is the management function of keeping a company's activities on track toward previously established goals.
Question 10. Question : (TCO 2) _____ limit the amount of particular goods that countries allow to be imported during a given year.
Restrictive import standards
Question 11. Question : (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.
World Trade Organization
World Commerce Center
North American Free Treaty
International Monetary Fund
Question 12. Question : (TCO 2) _____ refers to buying goods or services from a supplier in another country.
Question 13. Question : (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 ethics
Question 14. Question : (TCO 2) An employee at Cleveland Medical Center informs the media of certain health law violations and negligence that lead to documented illness and even death in certain cases. This is an example of _____.
Question 15. Question : (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
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