BUSN 115 Midterm

BUSN 115 Week 4 Midterm

Question 1.1. (TCO 1) The amount of money a business
takes in during a given time period by selling goods and/or selling services.
(Points : 5)

Question 2.2. (TCO 1) That part of economics that
studies the operations of a nation’s economy as a whole. (Points : 5)
Question 3.3. (TCO 1) That part of economics that
studies the behavior of people and organizations in particular markets. (Points
: 5)

Question 4.4. (TCO 2) An unethical activity in which
insiders use private company information to further their own fortunes or those
of their family and friends. (Points : 5)

Question 5.5. (TCO 3) A complete ban on the import
or export of a certain product; or the stopping of all trade with a country.
(Points : 5)
Question 6.6. (TCO 3) An unfavorable balance of
trade occurs when the value of a country’s imports exceeds that of its exports.
(Points : 5)

Question 7.7. (TCO 4) Investors who provide money to
finance new businesses or turnarounds in exchange for a portion of ownership,
with the objective of reselling the business at a proft.(Points : 5)

(TCO 1) Describe and explain capitalism and how it
functions in a free market economy. (Points : 30)

(TCO 2) Describe and explain corporate
responsibility using an ethical perspective. Your stakeholder group for your
answer is parents of high school students. Your company designs, produces, and
sells video game apps for the mobile market. A concern has been raised in the
community where your company is located about the violence portrayed in your
mobile video game apps. What do you say to the parents? Why? (Points : 30)

(TCO 3) Describe and explain the fundamentals of the
international market. Why do nations trade and how trade measured. (Points :
30)

(TCO 4) Outline the three ways an entreprenuer can
start the business discussing the advantages and disadvantages of the three.
(Points : 25)