BUSN 115 Week 2 Quiz Latest-DeVry



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BUSN 115 Week 2 Quiz Latest-DeVry

BUSN 115 Week 2 Quiz Latest-DeVry


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 particular goods 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.