Business exam review

Question 1

A business that is created to scale quickly and utimately be sold to a larger business is referred to as:

Answer 1

a high growth business

Question 2

According to McGregor’s Theory X

Answer 2

workers prefer to be directed

Question 3

According to McGregor’s Theory Y:

Answer 3

people naturally work towards goals to which they are committed

Question 4

Catholic social Teaching’s reference to business operations originated with the encyclical

Answer 4

Rerum Novarum

Question 5

The author of the answer to the previous question was:

Answer 5

Pope Leo XIII

Question 6

Working toward benefiting the common good is the Principle called

Answer 6

Solidarity

Question 7

Who performed music during Professor Quinn’s class?

Answer 7

Pharell Williams and Jay-Z

Question 8

What was the topic of the music video that was shown

Answer 8

Entrepreneurs who are African-American descent who are located around the world

Question 9

The product of Just Hati is?

Answer 9

Coffee

Question 10

Consulting business, retail stores, and medical practices are example of

Answer 10

Life style businesses

Question 11

“The decision to make work at first feasible, then effortless” is the _____ definition of _______:

Answer 11

Biblical; freedom

Question 12

The catholic social teaching principle of subsidiarity is about

Answer 12

respect for employees because thier human dignity

Question 13

Catholic social teaching cited mass production and exploitation of workers as by-products of the:

Answer 13

industrial revolution

Question 14

In the subsidiarity-solidarity grid, Integral Human Development is achieved through:

Answer 14

A high application of subsidiarity and solidarity

Question 15

In the evolution of marketing, the period from the late 1700s to the early 1900s was called the

Answer 15

production era

Question 16

The invention of the television and its use as a promient vehicle for marketing new products was during the

Answer 16

marketing concept era

Question 17

During the customer relationship era of marketing, the focus was on:

Answer 17

strengthening customer loyalty

Question 18

Digital marketing strategies grew during the:

Answer 18

2000s

Question 19

The marketing mix’s four p’s are

Answer 19

Product, price, place, promotion

Question 20

The terms standardized, differentiated, and unique refer to which P of the Marketing mix

Answer 20

product

Question 21

Where do you find the official course listing

Answer 21

Main web page, outline resources, course offerings

Question 22

What does “CRN” in the course lising stand for

Answer 22

A)Course Reference Number
B) College Registration Number

Question 23

As a division of business student or SASO student, what additional information is needed order for you to register for classes

Answer 23

Meeting with advisor and alternate pin

Question 24

What part of university core is fufilled with the coruse ECON2010( princples of microeconomics) for a business major

Answer 24

Human behavior

Question 25

When filling in your checklist the course BSAD 1010 (introduction to Business) counts as

Answer 25

Free elective

Question 26

Which of the following are a business’s resources

Answer 26

Land, Labor, Capital, and entrepreneurship

Question 27

The primary objective of a business is to

Answer 27

Work towards a scenario where costs do not exceed or equal revenue

Question 28

The government is a stakeholder that is

Answer 28

a source of the business’s cost

Question 29

A business can be defined as

Answer 29

any entity that produces tangible or intangible goods from its resources in order to make profit

Question 30

Business disciplines differ from economics in the way resources are categorized. How do they differ?

Answer 30

Economics implies that human capital is part of laor and entrepreneurship

Question 31

The orgin of the word economics is

Answer 31

the greek word oikonomia

Question 32

The term “social responsibility” has to do with

Answer 32

Local large profitable business providing finacial assistance to local non-profit

Question 33

stockholders that are mainly sources pf business reveue are

Answer 33

Customers, bankers, stockholders, and bondholders

Question 34

Basically, important issues any entrepreneur has to decide include all of the following except

Answer 34

Which government regulations will it choose to comply with

Question 35

An entrepreneur and a labor resource differ in that

Answer 35

an entrepreneur pursues opportunties beyond the resources he/she can control