BUSN 115 Week 8 Final Exam Guide

BUS 115 Final Exams Guide
Week 8 Final Exam Guide
Question 1.1. (TCO 7) Some of the characteristics of
lean systems include which of the following? (Points : 5)
Question 2.2. (TCO 7) Mass customization means
(Points : 5)
Question 3.3. (TCO 8) One scarce item in the future
will be water. Which is the least expensive way to get water from places of
abundance to places of need? (Points : 5)
Question 4.4. (TCO 8) If there is one thing that
advertisers agree upon, it is the growing importance of social media in product
promotion. Given this information, (Points : 5)
Question 5.5. (TCO 1) You own a hardware store in
the small town where you live. A big-box, multiline competitor has just opened.
You see the following as your advantages of maintaining your market share and
continued sales revenue. (Select all that apply.) (Points : 5)
Question 6.6. TCO 1) You are fairly good at various
and sundry home repairs. You aren’t very good at electrical things or anything
having to do with plumbing. But you’re great with painting, patching, and
general maintenance on a home. You’re contemplating starting a home repair
business in your town. What are some issues that you can influence and should
be concerned with in launching a new small-business start-up? (Select all that
apply.) (Points : 5)

Question 7.7. (TCO 1) A technique that combines all
the promotional tools into one comprehensive, unified promotional strategy
includes which? (Select all that apply.) (Points : 5)

Question 8.8. (TCO 2) A conscious plan that
represents and encourages a unique set of values includes which? (Select all
that apply.) (Points : 5)

Question 9.9. (TCO 2) The Uniform Commercial Code
includes which? (Select all that apply.) (Points : 5)

Question 10.10. (TCO 2) Some regulation of business
seems necessary to ensure fair and honest dealings with the public. The impact
of this statement can best be explained by which of the following? (Select all
that apply.) (Points : 5)

Question 11.11. (TCO 3) Strategies for reaching
global markets include which? (Select all that apply.) (Points : 5)

Question 12.12. (TCO 3) Nations rely on a number of
key indicators to measure global trade. These include which? (Select all that
apply.) (Points : 5)

Question 13.13. (TCO 3) In 1948, a global forum was
created whose purpose it was to reduce trade restrictions on goods, services,
ideas, and cultural programs. The results of the efforts of this organization
include which? (Select all that apply.) (Points : 5)
Question 14.14. (TCO 4) The disadvantages of sole
proprietorships are which? (Select all that apply.) (Points : 5)
Question 15.15. (TCO 4) A limited liability company
has which of the following advantages? (Select all that apply.) (Points : 5)
Question 1.1. (TCO 5) In this digital age, setting
up shop online is vital for most retail businesses. But having only an online
presence that customers can access at home isn’t enough anymore. Now consumers
have an array of smartphones and digital tablets that can get them online from
anywhere. For social networks and retailers alike, the mobile market has
already enjoyed tremendous growth. Given this information as a sales manager
for Always Better Car Sales (ABCS), your concerns include which of the
following? (Select all that apply.) (Points : 5)
Question 2.2. (TCO 4) To look at problems and/or
passions and see opportunities in them, which of the following questions should
be asked? (Select all that apply.) (Points : 5)
Question 3.3. (TCO 5) Electronic wireless technology
continues its move toward ubiquity. Such media inculcates which of the
following? (Select all that apply.) (Points : 5)
Question 4.4. (TCO 5) You are an independent
Internet marketing consultant. You have an excellent track record of assisting small-
to medium-sized companies fully realize their marketing potential through an
improved and enhanced presence on the Web. Mr. Top Hatt, the owner of a small
pet-grooming salon (Hatt’s Cat Grooming Emporium), specializes in the care and
grooming of cats and only cats and has just called you. Mr. Hatt has heard of
the Internet but doesn’t know much else. He would like for his cat grooming
business to grow by using the Internet but doesn’t know what to do. Your
recommendations include which of the following? (Select all that apply.)
(Points : 5)
Question 5.5. (TCO 6) Which does a mission statement
address? (Select all that apply.) (Points : 5)
Question 6.6. (TCO 6) Imagine a world that is
populated by 9 billion people. In order to maintain our current quality of
life, such a world would require 2.3 planets’ worth of resources. In order to
sustain the U.S. way of life, businesses and the government must plan for 30%
more people living across the globe. Most of those people will be in developing
countries, and the demand will be great for energy, food, and healthcare. Your
concern is that you and your production team have been asked by your leadership
to create a scorecard to measure your firm’s efforts in sustainability. Your
team’s scorecard should necessarily include which? (Select all that apply.)
(Points : 5)
Question 7.7. (TCO 6) Mining Group Gold is a team
process that includes a method for processing and analyzing which? (Select all
that apply.) (Points : 5)
Question 8.8. (TCO 7) A cellular or modular layout
can accommodate changes in design or customer demand. This includes which?
(Select all that apply.) (Points : 5)

Question 9.9. (TCO 8) The marketing manager is
responsible for choosing how to implement which? (Select all that apply.)
(Points : 5)

Question 10.10. (TCO 9) Technology can provide
significant increases in productivity and efficiency. However, less than stable
technology-based systems can significantly impact businesses at the most
inopportune times. Issues that are inadvertently and unexpectedly created in
such instances include which? (Select all that apply.) (Points : 5)

Question 11.11. (TCO 9) Collaboration software
allows multiple users to work on the same document at the same time. It also
facilitates videoconferencing so that participants can see and hear each other
regardless of where they are. The advantage of using such software is which?
(Select all that apply.) (Points : 5)

Question 12.12. (TCO 9) Web 3.0 can be characterized
by which of the following statements? (Select all that apply.) (Points : 5)
Question 13.13. (TCO 10) The role of information
technology has changed since the days when it was known as data processing. You
have been hired as the new manager of the IT department for Megalopolis
Corporation. Megalopolis Corporation manufactures and sells barbecue grills to
the middle-upper end of the market. Demand continues to be strong for all
products. However, providing service (both warranty and nonwarranty) continues
to be a challenge. In essence, having the right parts at the right place at the
right time is not an easy task. Given this information, your set of
“must-do-first” priorities includes which? (Select all that apply.) (Points :
5)
Question 14.14. (TCO 10) An accounting system
includes which? (Select all that apply.) (Points : 5)
Question 15.15. (TCO 10) Which of the following
financial management functions are a part of financial planning? (Select all
that apply.) (Points : 5)
Question 1.1. (TCO 1) The latest economic news is
not very positive. Unemployment rates are higher than expected, consumer
confidence has fallen, and companies are reporting layoffs are in order. The Federal
Reserve chairman acknowledges the economy is in a recession. What actions might
the federal government and the Federal Reserve take to give the economy a
boost? What are these policies called? (Points : 10)
Question 2.2. (TCO 2) Identify and discuss the
social responsibilities of Home Depot to three different stakeholder groups.
(Points : 15)
Question 3.3. (TCO 3) Discuss the positive aspects
of globalization, and contrast these with the negative aspects of globalization
from the perspective of a small business. Be sure to address the pros and cons
of outsourcing in your response. (Points : 15)
Question 4.4. (TCO 4) Identify and explain the
incentives for entrepreneurship. Address why someone would willingly take the
numerous risks associated with running a business. Also, discuss the major
attributes necessary for a successful entrepreneur. (Points : 15)
Question 5.5. (TCO 5) Aside from retail sales and
marketing, identify and discuss two ways that a business could reduce costs or
increase profits by using the Internet or web applications.(Points : 15)

Question 6.6. (TCO 8) Identify the four Ps of
marketing, and give an example how each of the four Ps can be used to market
your favorite product or service. (Points : 15)

Question 7.7. (TCO 7) Given the following
companies—Boeing (airliner manufacturer) and Dell Computer (computer
manufacturer)—which facility layout would be the most suitable for each?
Justify your response. How would each company determine the location of its
facilities? List the specific needs and requirements of each company when
determining location. (Points : 15)