Sophia BUSN100 Final Milestone Latest 2022 September

BUSN100 Basics of Business

Final Milestone

1Which of the following is a disadvantage of a sole proprietorship?

•             May have a more complicated tax structure

•             May have problems resulting from frozen investments

•             May have issues with government regulations

•             May have difficulty raising money for business operations

2Theo was the human resource manager for a company. He guided managers in properly completing employee performance appraisals.

During which of the phases of Human Resource Management below is this performed?

•             Maintaining

•             Developing

•             Forecasting

•             Acquiring

3Which motivational theory below suggests managers view employees as being hard-working and industrious?

•             Two Factor Theory

•             Theory X

•             Theory Y

•             Hawthorne Effect

4Green Opt Inc. needed long term funding for a major expansion into the European market. The company was financially strong with an excellent credit rating and had no need to provide collateral to obtain funding. It also had time to develop the best funding option to meet its expansion needs.

Which type of financing option below will Green Opt Inc. likely use?

•             Long term loan

•             Debenture bond

•             Trade credit

•             Mortgage bond

5If a new restaurant owner determines that she does not have sufficient funds to open a new location, where does this determination belong in her SWOT analysis?

•             Threat

•             Strength

•             Weakness

•             Opportunity

6Which statement describes a cultural influence in Olivia's search for a coffee shop on her way to work?

•             Olivia bought tea rather than coffee since that is what her Indian family always drank.

•             Olivia stopped in the coffee shop that all of her friends usually visit.

•             Olivia added low-fat milk to her tea so that her drink would be healthier.

•             Olivia bought a pastry to go along with her tea since she was also hungry for breakfast.

7A company announced layoffs that affected several employees. Most of the employees laid off were older, while younger workers with less seniority and less on-the-job experience were kept.

What type of discrimination below does this scenario describe?

•             Hostile work environment

•             Age discrimination

•             Sexual harassment

•             Quid pro quo

8Which of the following is an example of marketing?

•             Launching a program aimed at improving the local community

•             Inviting consumers to rate a product on your website

•             Comparing products in a magazine article

•             Holding a news conference about a company merger

9The US government decided to enforce a trade restriction to no longer trade any goods with Mexico.

Which of the following does this scenario describe?

•             Quota

•             Tariff

•             Foreign-exchange control

•             Embargo

10In which of the following ways can a business benefit from increasing the diversity of its workforce?

•             It can improve the company's reputation in the business community.

•             It can reduce costs related to training employees from different backgrounds.

•             It can increase the communication barriers among its employees.

•             It can lead to fewer instances of ethical violations within the company.

11Which of the following is a disadvantage to relying on information provided by an applicant's references?

•             References seldom discuss an applicant's communication skills.

•             Applicants are known to provide inaccurate contact information for references.

•             References are often difficult to contact and engage in conversation.

•             Applicants usually list only positive references rather than negative references.

12A large cable company is the only provider of cable TV and Internet for a small community. As a result, consumers in the community who want either of these services must purchase from this company.

In which of the following economic markets is the cable company operating?

•             Monopoly

•             Perfect

•             Oligopoly

•             Monopolistic

13Which of the following is true regarding turnover management within an organization?

•             It can be reduced by decreasing employee compensation.

•             It may include internal promotions within an organization.

•             It deals only with the loss of current employees.

•             It is driven by the results of performance appraisals.

14Which of the following happens when the supply of money is high?

•             Banks are less willing to lend money.

•             Investors are less willing to purchase stocks.

•             The value of money goes down.

•             The economy is considered to be unhealthy.

15Which of the following products is likely considered to be in the growth phase of the product life cycle?

•             3D televisions, since few customers are aware of the product

•             Tablet devices, since customers are developing brand loyalty

•             DVD players, since sales have peaked

•             Conventional cell phones, since most competition is leaving the market

16Select the example below that represents a sales promotion.

•             A magazine ad that promotes a new line of printers

•             A billboard advertisement that has an accompanying mobile app

•             A direct mail flyer that shows the new store location

•             A buy-one-get-one-free coupon for a dinner entree

17Which of the following best describes corporate governance?

•             The leadership provided by officers and directors for a corporation

•             The input provided by stockholders of a corporation

•             The rights assigned to the stockholders of a corporation

•             The structure of rights and processes for a corporation

18Fletcher owned a large nursery that grew trees and shrubs. He sold his products to landscaping companies and major retailers in his region.

Fletcher would be considered which of the following?

•             An intermediary

•             A retailer

•             A wholesaler

•             A distributor

19Warren and Liza were drafting the partnership agreement for their new home design and construction company.

Select the item below that Warren and Liza should include in their partnership agreement.

•             Formal code of conduct for employees

•             The amount of money each partner invests

•             Short- and long-term sales forecasts

•             Rights of the stockholders of the business

20A budget is used to manage the finances for a business for which of the following reasons?

•             To accurately assess the investments of a business

•             To identify the losses a business could incur

•             To make sure spending is planned and controlled

•             To value the assets a business maintains

21A company would want a low debt to owner's equity ratio for which of the following reasons?

•             It shows a company uses little debt to finance its operations.

•             It shows a company effectively avoids risks in doing business.

•             It shows a company is aggressive in expanding into new markets

•             It shows a company relies on long term loans to fund its operations.

22Elena owned a hair salon where she offered hair care services and related hair care products.

In which of the following ways would Elena market the hair care services differently than the hair care products?

•             She would focus on the variety of items available for customers to purchase.

•             She would focus on the skill level and technique provided by the stylists.

•             She would focus on advertising the salon's upscale location and decor.

•             She would focus on advertising that the salon uses hair products endorsed by celebrities.

23Select the institution below that provides loan services but does NOT accept deposits.

•             Mutual savings bank

•             Credit union

•             Security and investment dealer

•             Commercial bank

24Which of the following exemplifies a corporate strategy?

•             A gourmet dessert maker starts a rewards program for sales clerks who provide excellent customer service.

•             A gourmet dessert maker wins an award for outstanding customer service.

•             A gourmet dessert maker promotes how its ingredients are fresher than those used by other dessert makers.

•             A gourmet dessert maker decides to enter the dried fruit business in addition to making desserts.

25Richard worked at a software company, and he learned many youth in the local community did not have access to technology to help them succeed in school. Richard told his supervisor he thought this might be a good way to give back to the community.

Which step to creating a social responsibility program below does this illustrate?

•             Action

•             Ongoing leadership

•             Need recognition

•             Follow through