BUSN 115 Final Exam Solutions 100% Correct Answers


 (TCO 7) Some of the characteristics of lean systems include which of the following?


 (TCO 7) Mass customization means


(TCO 1) The foundation of the U.S. economic system is:


(TCO1) In the United States, the control of the money supply is the responsibility of the:


(TCO 1) The total value of final goods and services produced within a nation’s borders in a given year is known as that nation’s


(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?


(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


(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.


(TCO 1) A technique that combines all the promotional tools into one comprehensive, unified promotional strategy includes which?


(TCO 4) Which of the following statements about the operation of a corporation is correct?


(TCO 2) A conscious plan that represents and encourages a unique set of values includes which?


(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?


(TCO 4) One reason franchises have become so popular is that this arrangement provides the franchisee with:


(TCO 4) An examination of the reasons given by people willing to accept the risks of entrepreneurship indicates that:


(TCO 3) Strategies for reaching global markets include which?


(TCO 3) Nations rely on a number of key indicators to measure global trade. These include which?


(TCO 4) A limited liability company has which of the following advantages?


(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?


(TCO 5) Electronic wireless technology continues its move toward ubiquity. Such media inculcates which of the following?


(TCO 6) Which does a mission statement address?


(TCO 4) Sally Toone wants to start a new business, and hopes to attract several hundred investors to help finance its growth. She considered forming a C corporation, but wants to have more flexibility about how the new business will be taxed. She also wants to offer investors limited liability. Sally can satisfy her objectives by setting up a(n)



(TCO 3) The U.S. government has announced a 5 million-pound annual limit on beef imported from Argentina. This type of trade restriction is called a(n)


(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?


(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.)


(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


(TCO 2) Identify and discuss the social responsibilities of Home Depot to three different stakeholder groups.