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BUSN 115 Week 2 Quiz Click Here to Buy the Tutorial For more course tutorials visit

Question 1. Question : (TCO 1) _____ is money that an organization brings in through the sale of its goods and services. Profit Revenue Sales Capital investment Finance

Question 2. Question : regarding business mindset?

(TCO 1) Which of the following statements is true

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 : companies as required by law. Internal accountants External auditors

(TCO 1) _____ audit the financial reports of public

Credit managers Management accountants

Question 4. Question : (TCO 1) Which of the following is a characteristic feature of economic contraction? Decreased unemployment rates Decreased consumer spending Increased income Increased employment

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. Excise Payroll Sales

Income Property

Question 7. Question : (TCO 1) _____ is the process of influencing and motivating people to work willingly and effectively toward common goals. Organizing Leading Planning Directing Controlling

Question 8. target or aim.

Question :

(TCO 1) A(n) _____ is a specific, short-range

mission tactic strategy objective vision

Question 9. Question : (TCO 1) _____ is the management function of keeping a company's activities on track toward previously established goals. Organizing Leading Planning

Motivating Controlling

Question 10. Question : (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. Question : (TCO 2) The _____ was established to foster international financial cooperation and its primary functions include providing shortterm 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 European Union North American Free Treaty International Monetary Fund

Question 12. Question : (TCO 2) _____ refers to buying goods or services from a supplier in another country. Franchising Importing Licensing Partnering


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 whistle-blowing insider trading utilitarianism strategic CSR

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 _____. insider trading whistle-blowing affirmative action consumerism strategic CSR 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 to implement.

Busn 115 week 2 quiz