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BUS/211

FOUNDATIONS OF BUSINESS

 

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BUS 211 Week 1 Business Models, Systems
and Organization

Consider a local business whose services you frequently use. What
are the main components of this company's business model?

Write a 750-1000 word response
in which you do the following:


  • Describe the
    three components of the business system that comprises the local business
    you selected. Use Figure 1.2 on p. 11 of Introduction
    to Business
     as a
    reference.




  • Identify the
    form of business organization that the business currently uses:
    joint-stock company, limited liability, partnership, or sole
    proprietorship.




  • Explain the
    differences between your business's form of organization and the other
    three forms.



Resources: Ch. 1 & 2 of Introduction
to Business


Format your paper consistent
with APA guidelines.

Click the Assignment Files tab
to submit your assignment.

 

 

 

BUS 211 Week 2 Profits and Supply and
Demand

Resource: Ch. 1 of Introduction
to Business


Consider a fictional business you would be interested
in starting. You will be using this same business in other weekly assignments
throughout the course.

You are seeking financing for your business, and a
potential investor has asked you to provide more information.

Write a 750-1000 -word response to your potential
investor in which you do the following:


  • Describe the
    products or services your business will offer and the
    resources--materials, supplies, building, and so on--that you will need
    for your startup.

  • Examinethe
    differences between profit and profitability and how you plan to use your
    profits to increase your business profitability.

  • Describe how
    you expect your business may be affected by the laws of supply and demand.



Format your paper consistent
with APA guidelines.

Click the Assignment Files tab
to submit your assignment.

 

 

BUS 211 Week 2 Quiz

· Correct answerquestion1

When an entrepreneur uses advancing technology to find a
new way to make or supply a product, the entrepreneur utilizes which of the
following opportunities?

o    


Occupational

o    


Commercial

o    


Organizational

o    


Capitalistic

· Correct answerquestion2

Which two types of laws have been enacted to
promote a company’s continued existence and profitability?

o    


Occupational qualifications and diversity

o    


Occupational health and safety

o    


Business and environmental stewards

o    


Incorporation and bankruptcy

· Correct answerquestion3

This is a process of dissolution of a business through
which its assets are sold to repay its creditors. 

o    


Chapter 13 bankruptcy

o    


Chapter 11 bankruptcy

o    


Chapter 7 bankruptcy

o    


Chapter 9 bankruptcy

· Correct answerquestion4

When is a business plan developed?

o    


When proposing a new business venture

o    


Annually

o    


When reporting profit and loss

o    


Shareholder meetings discussing past performance

· Correct answerquestion5

This type of law exists to ensure that people have the
skills they need to properly serve the public interest.

o    


Laws promoting employee health and safety

o    


Laws regulating occupational qualifications

o    


Laws relating to the public interest

o    


Laws governing business diversity

· Correct answerquestion6

Which of the following best defines the entrepreneurship
process?

o    


Using IT to assemble materials into the final product

o    


Providing both direct and indirect services to customers

o    


Exchanging or selling services to other companies

o    


Acquiring and combining resources to create goods or
services for customers to buy.

· Correct answerquestion7

Which law was enacted to force companies to more fully
disclose their financial results and to protect stockholders of the
company? 

o    


Sarbanes-Oxley Act

o    


Investment Company Act

o    


Dodd-Frank Wall Street Reform and Consumer Protection Act

o    


Securities Exchange Act

· Correct answerquestion8

There are several advantages a company can gain over its
competition by behaving in an ethical way. The main advantage
is   

o    


improved reputation

o    


decreased costs

o    


employee loyalty

o    


increased sales

· Correct answerquestion9

The utilitarian rule bases a business decision on which
of the following?

o    


What produces the greatest good for the greatest number
of people.

o    


What distributes benefits and harm among people in
equitable and impartial manner.

o    


What maintains and protects the fundamental rights and
privileges of people.

o    


What a manager has no hesitation to communicate to people
outside the company, because the typical person in a society would think the
decision is acceptable.

· Correct answerquestion10

What is the definition of a business plan?

o    


An outline of the way a company will use its resources to
create products that give it a competitive advantage

o    


A highly-detailed, written statement that explains the
purpose of creating a new venture

o    


A summary of a company’s profit and loss for a specified
period of time and its plan for future growth

o    


A general overview explaining the purpose of creating a
new venture

· Correct answerquestion11

What are the four elements of a SWOT analysis? 

o    


Systems, weaknesses, opportunities, and targets

o    


Strengths, weaknesses, obstacles, and targets

o    


Systems, weaknesses, obstacles, and threats

o    


Strengths, weaknesses, opportunities, and threats

· Correct answerquestion12

What is the primary role of a non-managerial employee?

o    


To evaluate the performance of other employees

o    


To assign resources and timelines to tasks

o    


To perform the day–to-day tasks assigned to them as
directed

o    


To hire, coach, discipline, and fire employees as
appropriate

· Correct answerquestion13

A detailed SWOT analysis would classify a poorly
designed marketing plan as a    

o    


weakness

o    


strength

o    


threat

o    


opportunity

· Correct answerquestion14

Which of the following impact ethical practices in
business at home and abroad?

o    


Cultural ethics, occupational ethics, legal ethics, and
organizational ethics

o    


Societal ethics, occupational ethics, individual ethics,
and organizational ethics

o    


Societal ethics, occupational ethics, legal ethics, and
environmental ethics

o    


Legal ethics, environmental ethics, individual ethics,
and organizational ethics

· Correct answerquestion15

Which ACT prohibits U.S. companies from paying bribes in
order to win contracts abroad?

o    


Securities Exchange Act

o    


Investment Company Act

o    


U.S. Foreign Corrupt Practices Act

o    


Sarbanes-Oxley Act

· correct answerquestion16

What rules can managers employ as guidelines to
analyze the effects of their business decisions on stakeholders?

o    


Utilitarian, social contracts, virtue, and practical
rules

o    


Relativism, moral rights, justice, and social contracts
rules

o    


Pragmatism, moral rights, justice, and practical rules

o    


Utilitarian, moral rights, justice, and practical rules

· Correct answerquestion17

Who has a claim on a company because they own shares?

o    


Customers

o    


Stockholders

o    


Employees

o    


Managers

· Correct answerquestion18

Jones (2007) describes a three-stage business plan used
by managers. Which of the following is one of the stages?

o    


Answering questions about products from customers

o    


Assembling raw materials into finished products

o    


Calling customers to sell products

o    


Selecting goals and targets for team members

· Correct answerquestion19

Anti-trust legislation exists

o    


because it is the government’s job to regulate business

o    


because it is the express aim of the U.S. government to
foster competition

o    


to make it illegal for companies to conspire with one
another to limit supply

o    


to protect consumers from shortages

· Correct answerquestion20

Which of the following best describes how an employee can
increase his or her chances of being promoted inside an organization?

o    


By being routinely confrontational with other employees
and questioning the status quo

o    


By doing what he or she is asked to do and by meeting job
requirements

o    


By being proactive and looking for new ways to improve
his or her skills

o    


By ensuring performance remains within the 
boundaries of the job expectations

· Correct answerquestion21

Laws governing diversity endeavor to motivate employers
to

o    


specify the skills, qualifications, and experience people
must possess to be hired for government occupations

o    


help promote their survival and increase the
profitability of business enterprises

o    


govern how a company should behave to further the public
interest

o    


consider the skills, experience, and ability to do the
job versus employee ethnicity, religion, gender, age, and so forth

· Correct answerquestion22

This Act was passed by congress to protect air
quality and motivate companies to pollute less.

o    


Pollution Prevention Act

o    


Clean Air Act

o    


Energy Policy Act

o    


Comprehensive Environmental Response, Compensation, and
Liability Act

· Correct answerquestion23

A detailed SWOT analysis would classify a well developed
and informed business model as a    

o    


threat

o    


opportunity

o    


 weakness

o    


strength

· Correct answerquestion24

What type of information is within a business plan?

o    


Past performance and stock price

o    


Revenue, profit, and loss

o    


New products, how the organization will compete, and how
the organization will organize resources

o    


Tax penalties, number of personnel, and location of
organization

· Correct answerquestion25

A detailed SWOT analysis would classify competition
in the industry or market as a    

o    


 threat

o    


opportunity

o    


weakness

o    


strength

· Correct answerquestion26

This is the effect of unethical behavior on business
commerce.

o    


Less capital and wealth are created in society.

o    


Unethical behavior becomes a social norm.

o    


Stakeholders internalize the unethical values.

o    


Less capital and wealth are accrued in the government
sector.

· Correct answerquestion27

Which example best describes an organizational
opportunity?

o    


Business identifies and creates a new product.

o    


A business creates new, more effective ways to increase
profitability.

o    


A business sells their products to new customers.

o    


A business launches and markets a 36-hour sale.

· Correct answerquestion28

Which of the following best describes the employee
“role”?

o    


The experience and minimum skills required for a specific
job

o    


The nature of employment conditions, pay, and benefits

o    


The set of tasks a person is expected to perform

o    


The set of guidelines that govern organizational behavior

· Correct answerquestion29

What is a copyright?

o    


It is the grant of a property right that is issued to its
inventor.

o    


It is the creations of the mind including inventions,
literary and artistic works, and symbols, names, images, and designs used in
commerce.

o    


It is a word, name, symbol, or device which is used in
trade with goods to indicate the source of the goods and to distinguish them
from the goods of others.

o    


It is a form of protection provided to the authors of
books, videogames, poems, and songs produced by authors, poets, software
experts, and musicians.

· Correct answerquestion30

The U.S. Department of Labor Occupational Safety and
Health Organization (OSHA) is the government agency primarily responsible for

o    


how companies protect their employees from harm while on
the job

o    


how companies recruit, promote, and retain people for
employment

o    


how companies determine the occupational requirements
needed by employees to protect the well-being of society

o    


how the rights of consumers are protected in the
marketplace

· Correct answerquestion31

Which of the following people or groups supply a company
with productive resources and are affected by the way a company does business?

o    


Stakeholders

o    


Employees

o    


Customers

o    


Managers

· Correct answerquestion32

Which answer contains the three types of entrepreneurial
activities?

o    


Business, sales, and training

o    


Commercial, occupational, and organizational

o    


Financing, selling, and purchasing

o    


Evaluating, monitoring, and selling

· Correct answerquestion33

What is a difference between an employee and a
manager? 

o    


Employees hold each other accountable for success of the
business

o    


Employees have decision making authority over the
organization’s resources

o    


Employees are responsible for providing vision and
leadership

o    


Employees perform the many jobs to make,
facilitate,  and sell a product

· Correct answerquestion34

Important issues can arise concerning how and when
payments are made to this group of stakeholders?

o    


Employees

o    


Customers

o    


Suppliers and distributors

o    


Stockholders

· Correct answerquestion35

How do managers help the company’s stakeholders?

o    


Assembling materials into finished products

o    


Creating profitable goods and services

o    


Assisting customers with their purchases

o    


Providing financing to grow the business

 

 

BUS 211 Week 3 SWOT Analysis

Resource: Your Week 3 collaborative learning team discussion
and Ch. 3 of Introduction to Business

Complete the following with your
learning team members. 


  • Research
    different examples of business plans found on the Internet. Choose one of
    them to use for this assignment.

  • Review the
    example of a SWOT analysis on p. 97 of the text.

  • Conduct a
    SWOT analysis of the sample business plan you selected with your team
    members. Use Appendix B as the template for your SWOT Analysis. 



Indiviually, write a 700- to 1,050-word
paper examining the business plan you selected. Include a SWOT analysis
highlighting the strengths, weaknesses, opportunities, and threats of the
company you chose.

 

Inlcude
the SWOT analysis as 
Appendix
in your paper and post the paper as an attachment in the assignment thread.

Format your paper consistent
with APA guidelines.

Click the Assignment Files tab
to submit your assignment.

Appendix
B - SWOT Analysis Template





 
Strengths
 
 
 


 
Weaknesses




 
Opportunities
 
 


 
Threats




 

 

 

BUS 211 Week 3 Quiz

Your answers : 31/31 (100%) Correct answerquestion1

What are teams grouped by areas of expertise?

o    


Functional

o    


Top management

o    


Cross-functional

o    


Virtual

· Correct answerquestion2

Which of the following could cause an individual to avoid
performing a required job task according to expectancy theory?

o    


Low levels of self-efficacy

o    


Goal orientation at odds with task

o    


Desire for belongingness

o    


Unmet physiological needs

· Correct answerquestion3

Managers can cause organizational dysfunction by doing
which of the following?

o    


Focusing efforts on political battles

o    


Promoting competition

o    


Disagreeing that change is needed

o    


Expressing conflicting ideas

· Correct answerquestion4

According to the goal-setting theory, job performance
goals should  

o    


measure the degree of effort

o    


be specific and time bound

o    


align to company culture

o    


be broad and flexible

· Correct answerquestion5

An organizational performance is increased
with employees working in teams since

o    


teams facilitate the division of labor and specialization

o    


managers can more easily monitor the performance of their
employees

o    


teams facilitate goals and interests of different
stakeholders that otherwise would be incompatible

o    


managers can develop group norms that facilitate
cooperation

· Correct answerquestion6

Businesses often promote norms which are entrepreneurial
or conservative in nature. Why?

o    


The external environment influences corporate norms and
must be controlled.

o    


Promoting norms increases employee motivation.

o    


Promoting norms allow the company to measure employee
performance more efficiently.

o    


Companies try to select norms which match their business
model and culture.

· Correct answerquestion7

Employees will most often be motivated to initially
fulfill basic needs rather than higher level needs. Which of the following
satisfies a higher need? 

o    


Promotion to senior position

o    


Job stability and pay

o    


Safe working environment

o    


Bonuses and fringe benefits

· Correct answerquestion8

Company values are shared standards that employees use to

o    


evaluate if they have helped the company achieve its
goals

o    


measure profitability and make needed corrections in
performance

o    


govern interactions with other employees

o    


evaluate risks and drive innovation in their department

· Correct answerquestion9

Employees quickly figure out and adopt the values and
norms desired by their company. What is this process called? 

o    


Rites of integration

o    


Organizational socialization

o    


Rites of engagement

o    


Cultural exchange

· Correct answerquestion10

What best describes the contingency approach, as it
relates to organizational design?

o    


Creating a cultural design

o    


Having the ability to alter a plan

o    


Finding ways to increase revenue

o    


Growing the business model

· Correct answerquestion11

Maslow’s Need Theory is an hierarchal format that deals
with ‘what’ is important to individuals.  Which of the following hierarchy
most accurately reflects Maslow’s hierarchy?

o    


Physiological, security, belongingness,
self-actualization, esteem

o    


Physiological, security, esteem, self-actualization,
belongingness

o    


Physiological, security, belongingness, esteem,
self-actualization

o    


Physiological, security, esteem, belongingness,
self-actualization

· Correct answerquestion12

What does the amount of conflict in an organization
signal?

o    


Openness to new ideas

o    


Managers value conformity

o    


Performance goals are not clear

o    


Indecision by top management

· Correct answerquestion13

Which of the five sources of a leader’s power would be
demonstrated by a leader with rightful authority to direct and control an
employee’s activities?

o    


Legitimate power

o    


Expert power

o    


Coercive power

o    


Reward power

· Correct answerquestion14

What form of business communication offers the highest
form of persuasive communication?

o    


Face-to-face meeting

o    


Instant messaging

o    


Telephone conversation

o    


E-mail

· Correct answerquestion15

Companies with a strong culture
may hold meetings to announce the company’s achievements. Which
source of company culture would best describe this activity?

o    


Rites of enhancement

o    


Rites of excellence

o    


Rites of integration

o    


Rites of passage

· Correct answerquestion16

Which of the following best describes a company that has
established a professional culture?

o    


It promotes streamlined decision making.

o    


It maintains a professional setting.

o    


It follows ethical business practices.

o    


It invests in employee development.

· Correct answerquestion17

Which theory tries to explain the psychological factors
underlying why an individual selects a task and exerts effort in performing a
task?

o    


Expectancy theory

o    


Maslow’s hierarchy of needs

o    


Goal-setting theory

o    


Equity theory

· Correct answerquestion18

Which of Maslow’s Hierarchy of Needs is geared toward
personal fulfillment?

o    


Self-actualization

o    


Security

o    


Esteem

o    


Belongingness

· Correct answerquestion19

What is the definition of a team?

o    


Collection of people working towards a common goal

o    


Employees jointly responsible to meet a goal

o    


Employees working towards their specific goals

o    


A group who follows the same rules

· Correct answerquestion20

Being goal oriented has shown to be paramount to a
person’s success. Why?

o    


Focus is on reaching the unattainable

o    


Goals are constant reminders of abilities

o    


Motivated persistency

o    


Goals remove obstacles

· Correct answerquestion21

The motivational theory that tries to determine how much
work is needed for a specific outcome is

o    


equity

o    


expectancy

o    


goal setting

o    


MBO

· Correct answerquestion22

Which of the following best describes how the values of
the company’s founder influence an organization?

o    


They establish cultural norms.

o    


They promote entrepreneurial practices.

o    


They outline rites of integration.

o    


They define rites of passage.

· Correct answerquestion23

What form of business communication offers the lowest
form of persuasive communication?

o    


Telephone conversation

o    


Written letters and memos

o    


Face-to-face meeting

o    


E-mail

· Correct answerquestion24

What best describes company norms?

o    


Organizationaldesign

o    


Standards of excellence

o    


Ceremonies and rites

o    


Informal but powerful rules

· Correct answerquestion25

What work attitude would a leader
promote to influence his or her worker?

o    


Job satisfaction

o    


Quantity and quality of work

o    


Level of effort put into job

o    


Reliability of performance

· Correct answerquestion26

Which of the following best describes sources of a
company’s culture?

o    


Communication of strategic goals

o    


Values of the founder and ceremonies

o    


Employee autonomy and creativity

o    


Values of innovation and excellence

· Correct answerquestion27

Formal events that recognize an employee or group that
have benefited the company by their works are

o    


rites of engagement

o    


rites of passage

o    


rites of integration

o    


rites of enhancement

· Correct answerquestion28

Organizational design is best defined as

o    


the values and norms employees share

o    


the coordination actions of employees and groups

o    


the framework of task and authority

relationships

o    


a specific type of organizational structure and culture

· Correct answerquestion29

A company who desires to develop new or improved products
would fit best with what type of team?

o    


Top management

o    


Functional

o    


Cross-functional

o    


Virtual

· Correct answerquestion30

The Matrix Structure is a unique organizational structure
that responds to rapid changing situations. Which of the following is a
component of this structural design?

o    


Employees are grouped into cross-functional product
teams.

o    


Managers group people by product instead of function.

o    


R&D specialists manage product teams.

o    


Most commonly used by non-high-tech companies

· Correct answerquestion31

Which of the following in the best example of active listening?

o    


Paying attention to the words being said and other
signals

o    


Knowing the sender’s problem in advance

o    


Interaction between the sender and receiver

o    


Paying attention as the sender voices ideas

 

 

BUS 211 Week 4 Motivation & Team
Case Study

Resource: Your Week 4 learning team collaborative
discussion and Ch. 7 of Introduction to Business

Read the two case studies on pp. 233-236 of the text.

Discuss the following with your
Learning team:


  • What
    motivation theories may be found in each case study?

  • Describe the
    theories found in each case study and cite specific examples.

  • What was
    each business owner's approach to creating high-performing teams within
    their company? What are common characteristics of high-performing groups
    and teams?



Summarize your discussion in a 200- to 300-word individual
response.

Format your summary consistent with APA guidelines.

Click the Assignment Files tab
to submit your assignment.

 

 

BUS 211 Week 4 Quiz

Your answers : 31/31 (100%)

 

· Correct answerquestion1

Which of the following costs is associated with a firm’s
operations and materials management function?

o    


The cost of work-in-process goods, semifinished products
moving through the production process

o    


The cost of the machinery, computers, tools, buildings,
and equipment

o    


The stock value of finished products a company holds in
inventory

o    


The cost of employee wages, including benefits

· Correct answerquestion2

In the 1990’s, the Windows operating system, created by
Microsoft, was installed in 90% of the world’s PCs. This kind of penetration in
the personal computer business made Windows the

o    


best-of-breed solution

o    


industry standard

o    


leader in the networking software

o    


world’s largest software system

· Correct answerquestion3

Which best describes B2B commerce?

o    


Trade that takes place between companies

o    


Commerce between wholesalers and retailers

o    


Trade that is transacted electronically

o    


Same industry commerce

· Correct answerquestion4

Which of the following describes managers’ ability to use
the collection and analysis of data to gain information about various tasks and
operations to increase the efficiency of a particular function?

o    


Superior information

o    


Superior quality

o    


Superior productivity

o    


Superior innovation

· Correct answerquestion5

Which of the following is a form of information that is
constantly updated to make sure that decisions can be as up-to-date as
possible?

o    


Reliable

o    


Relevant

o    


Complete

o    


Real-time

· Correct answerquestion6

Of the three stages in operation and materials
management, which stage comes first?

o    


Input

o    


Production

o    


Output

o    


Operations

· Correct answerquestion7

According to Jones (2007), the semi-finished goods and
services that go through a company’s production process are called

o    


conversion

o    


inputs

o    


distribution

o    


work-in-process

· Correct answerquestion8

Which of the following is a key benefit of mass
production operating systems?

o    


Unique one-of-a-kind products

o    


Flexible employees and work teams

o    


A wide range of customized products

o    


Lower operating costs

· Correct answerquestion9

Information technology improves customer responsiveness
by

o    


giving middle managers the ability to collect and process
more data

o    


tracking changes to products and systems

o    


allowing the organization to identify issues in products
or process

o    


tracking people’s likes, dislikes, and buying habits

· Correct answerquestion10

Which component of the HRM system provides employees with
information about their performance relative to job expectations?

o    


Labor relations

o    


Performance appraisal and feedback

o    


Training and development

o    


Recruitment and selection

· Correct answerquestion11

Which is the process that aims at identifying
company inefficiencies and then determines where improvements are needed?

o    


Job analysis

o    


Workflow analysis

o    


Job specifications

o    


Human resource planning

· Correct answerquestion12

The aim of this process is to align human resources
recruitment and retention with future organizational goals. 

o    


Job specification

o    


Job screening

o    


Human resource planning

o    


Job analysis

· Correct answerquestion13

Which of the following best describes
information learned from a Position
Analysis Questionnaire (PAQ)?

o    


occupational safety and health concerns at work

o    


the different types of employees’ job activities

o    


pool of potential applicants for each position

o    


specific sales strategies and daily targets

· Correct answerquestion14

Which of the following is one of the four major sources
of competitive advantages provided by information technology?

o    


Rapid development

o    


Artificial intelligence

o    


Superior innovation

o    


Cutting edge communication

· Correct answerquestion15

Which component of the HRM system strives to ensure
equity and fairness in dealing with employee issues and concerns?

o    


Pay and benefits

o    


Recruitment and selection

o    


Labor relations

o    


Performance appraisal and feedback

· Correct answerquestion16

Which component of the HRM system provides employees with
the knowledge and skills necessary to perform their job?

o    


Performance appraisal and feedback

o    


Recruitment and selection

o    


Training and development

o    


Labor relations

· Correct answerquestion17

Which of the following is the correct order of the
operations and material management process?

o    


Output, operations, and input

o    


Operations, input, and output

o    


Input, operations, and output

o    


Operations, output, and input

· Correct answerquestion18

One major result of organizational learning is

o    


increased work load

o    


increased expenses

o    


increased profitability

o    


increased information

· Correct answerquestion19

Some examples of elements in the operations stage of the
operations and material management process include

o    


goods and services

o    


skills and machines

o    


raw materials and components

o    


labor and customers

· Correct answerquestion20

For what purpose do businesses consider establishing maquiladoras?

o    


Reduce inventory costs.

o    


Reduce distribution costs.

o    


Reduce raw materials costs.

o    


Reduce labor costs.

· Correct answerquestion21

According to Jones (2007), what attributes should
information provided to managers have to be useful to the organization?

o    


Complete, accurate, relevant, and timely

o    


Clear, quality, engaging, and responsive

o    


Complete, efficient, effective, relevant

o    


Superior, relevant, timely, and innovative

· Correct answerquestion22

The operating system that combines both the benefits of
customized products and low cost production is called 

o    


mass production

o    


small-batch production

o    


standardized production

o    


flexible production

· Correct answerquestion23

What is the major advantage of broadband technology?

o    


Quick transmission of very large amounts of information

o    


Transfer of data between networks over the Internet

o    


Connection of databases of different institutions

o    


Creation of an area network that links PCs to a central
server

· Correct answerquestion24

Which of the following is software developed
for business within the same industry to conduct trading?

o    


Open source exchange

o    


Business exchange center

o    


Networking protocol

o    


B2B marketplace

· Correct answerquestion25

In the history of modern computers, which of the
following came first?

o    


Mainframe computers

o    


Microprocessors

o    


PCs

o    


The World Wide Web

· Correct answerquestion26

According to Jones (2007), which type of operating system
is designed to make unique or custom-made products?

o    


Materials management production

o    


Mass production

o    


Flexible production

o    


Small-batch production

· Correct answerquestion27

Which best describes e-commerce?

o    


Systems used for exchange

o    


Same industry commerce

o    


Commerce between wholesalers and retailers

o    


Trade that is transacted electronically

· Correct answerquestion28

Which of the following best explains how information
technology improves innovation in a company?

o    


Allowing the organization to identify new audiences for
an existing product

o    


Tracking changes in financing related to product
development

o    


Giving customers ability to purchase products more easily

o    


Providing up-to-date information on changes to products
and systems

· Correct answerquestion29

Which of the following best describes the result of
information overload?

o    


Data is missing which makes information difficult to
understand.

o    


Large amounts of real-time data make it difficult to
collect.

o    


Vast amounts of information make it difficult to
determine what is useful.

o    


Excess data causes systems to fail.

· Correct answerquestion30

The combination of which two factors gives people the
ability to better react to the economic environment in which they function?

o    


Facts and numbers

o    


Knowledge and learning

o    


Data and technology

o    


Hardware and software

· Correct answerquestion31

According to Jones (2007), the hardware and software
components of a company’s existing IT systems are called its

o    


legacy systems

o    


network computers

o    


microprocessors

o    


mainframes

 

 

BUS 211 Week 5 Business Portfolio
Presentation

Resource: Student Appendix A

Review the assignments you
completed throughout the course.

Create a 8-10 slide Powerpoint (No
Paper is Due)
 and include information on the following topics:


  • Business
    organization

  • Potential
    legal or ethical issues

  • Business
    culture

  • Types of
    motivation

  • Technology

  • The
    operations of the five areas of human resource management in your
    fictional company

  • The effects
    and costs of operations and materials management on your fictional company



 Include at least 3 citations and a reference slide
conistant with APA formatting. 

Click the
Assignment Files tab to submit your assignment.


Appendix
A


 

Final
Project Overview and Timeline


 

Final Project Overview

 

Create
a 8-10-slide Microsoft® PowerPoint® presentation supporting
the topics below and based on your previous individual assignments (see below
under Final Project Timeline). Use text,
charts, tables, visuals, etc., to detail the different areas of business found
within your company.

 


  • Business
    organization

  • Potential legal
    or ethical issues

  • Business culture

  • Types of
    motivation

  • Technology

  • The operations
    of the five areas of human resource management in your fictional company

  • The effects and
    costs of operations and materials management on your fictional company



 

 

Final Project Timeline

 

You should budget your time wisely and work on your project
throughout the course. As outlined below, some of the assignments in the course
are designed to assist you in creating your final project. If you complete your
course activities and use the feedback provided by the instructor, you will be
on the right track to complete your project successfully.

 

¨ 
Suggested in Week One: Describe the three components of your company’s business
system and the form of business organization that you will be using.

 

¨ 
Suggested in Week Two: Create a fictional business that you will use for
assignments throughout the remainder of the class. Describe the products or
services your business will provide and how you plan to use profits to increase
your business’s profitability.

 

¨ 
Suggested in Week Three: Describe the role of entrepreneurs, managers and
employees in your company. Describe its ethical code of conduct, including
rules and principles that your company will use in decision-making. Examine any
laws that may be relevant to your chosen rules and principles and how these
laws differ from the business ethics you have established. Explain the
behaviors that you would like to cultivate in your company. Identify the
methods of motivation that will be used to motivate your employees.

 

¨ 
Suggested in Week Four:   Determine the
roles of the five areas of human resource management in your company.  Determine the role of technology in your
company and how operations and materials will be managed.

 

¨ 
Due in Week
Five
: Complete your final Microsoft® PowerPoint® presentation.
Post as attachments to your Assignment
forum.

 

 

BUS 211 Week 5 Quiz

Your answers : 7/7 (100%)

 

· Correct answerquestion1

A three stage business plan is used by managers. Which of
the following is one of the stages?

o    


Assembling raw materials into finished products

o    


Calling customers to sell products

o    


Answering questions about products from customers

o    


Selecting goals and targets for team members

· Correct answerquestion2

What leadership approach would a leader take if they
were to combine a concern for the well-being of the employee with an
approachable demeanor and attitude? 

o    


Participative approach

o    


Supportive approach

o    


Direct approach

o    


Achievement-oriented approach

· Correct answerquestion3

Marketing, operations, sales distribution, and customer
service support are included in what functions of a business?

o    


Complimentary function

o    


Primary value function

o    


Secondary value function

o    


Tertiary function

· Correct answerquestion4

Which component of the HRM system determines who is the
best fit for the organization’s specific job requirements?

o    


Labor relations

o    


Performance appraisal and feedback

o    


Recruitment and selection

o    


Pay and benefits

· Correct answerquestion5

A detailed SWOT analysis would classify competition
in the industry or market as a

o    


threat

o    


strength

o    


opportunity

o    


weakness

· Correct answerquestion6

What term best describes the buyers and sellers available
for a particular product?

o    


Company

o    


Demand

o    


Market

o    


Supply

· Correct answerquestion7

When looking at a demand curve for a particular product.
The slope falls downward from left to right. This slope shows which of the
following:

o    


As price decreases, quantity increases.

o    


As price increases, quality increases.

o    


As price decreases, quality increases.

o    


As quantity decreases, price decreases.

 

 
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