BUS 211 Week 2 quiz

**********************************************************

BUS/211 Entire Course Link

https://uopcourses.com/category/bus-211/

**********************************************************

BUS 211 Week 2 quiz

Instructions

Your answers : 35/35 (100%)

• 1
This type of law exists to ensure that people have the skills they need to properly serve the public interest.
o
Laws relating to the public interest
o
Laws regulating occupational qualifications
o
Laws governing business diversity
o
Laws promoting employee health and safety
• 2
What type of information is within a business plan?
o
Tax penalties, number of personnel, and location of organization
o
Revenue, profit, and loss
o
New products, how the organization will compete, and how the organization will organize resources
o
Past performance and stock price
• 3
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 9 bankruptcy
o
Chapter 11 bankruptcy
o
Chapter 7 bankruptcy
• 4
What rules can managers employ as guidelines to analyze the effects of their business decisions on stakeholders?
o
Pragmatism, moral rights, justice, and practical rules
o
Utilitarian, moral rights, justice, and practical rules
o
Utilitarian, social contracts, virtue, and practical rules
o
Relativism, moral rights, justice, and social contracts rules
• 5
What is the primary role of a non-managerial employee?
o
To perform the day–to-day tasks assigned to them as directed
o
To assign resources and timelines to tasks
o
To hire, coach, discipline, and fire employees as appropriate
o
To evaluate the performance of other employees
• 6
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
consider the skills, experience, and ability to do the job versus employee ethnicity, religion, gender, age, and so forth
o
help promote their survival and increase the profitability of business enterprises
o
govern how a company should behave to further the public interest
• 7
What is a copyright?
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.
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 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.
• 8
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
Calling customers to sell products
o
Assembling raw materials into finished products
o
Selecting goals and targets for team members
• 9
What are the four elements of a SWOT analysis?
o
Strengths, weaknesses, opportunities, and threats
o
Systems, weaknesses, obstacles, and threats
o
Systems, weaknesses, opportunities, and targets
o
Strengths, weaknesses, obstacles, and targets
• 10
A detailed SWOT analysis would classify a poorly designed marketing plan as a
o
strength
o
threat
o
weakness
o
opportunity
• 11
This is the effect of unethical behavior on business commerce.
o
Unethical behavior becomes a social norm.
o
Stakeholders internalize the unethical values.
o
Less capital and wealth are created in society.
o
Less capital and wealth are accrued in the government sector.
• 12
The U.S. Department of Labor Occupational Safety and Health Organization (OSHA) is the government agency primarily responsible for
o
how the rights of consumers are protected in the marketplace
o
how companies determine the occupational requirements needed by employees to protect the well-being of society
o
how companies recruit, promote, and retain people for employment
o
how companies protect their employees from harm while on the job
• 13
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
Organizational
o
Capitalistic
o
Commercial
o
Occupational
• 14
A detailed SWOT analysis would classify competition in the industry or market as a
o
strength
o
threat
o
weakness
o
opportunity
• 15
Which example best describes an organizational opportunity?
o
A business sells their products to new customers.
o
A business creates new, more effective ways to increase profitability.
o
Business identifies and creates a new product.
o
A business launches and markets a 36-hour sale.
• 16
Which of the following people or groups supply a company with productive resources and are affected by the way a company does business?
o
Customers
o
Stakeholders
o
Employees
o
Managers
• 17
Which of the following impact ethical practices in business at home and abroad?
o
Societal ethics, occupational ethics, legal ethics, and environmental ethics
o
Legal ethics, environmental ethics, individual ethics, and organizational ethics
o
Societal ethics, occupational ethics, individual ethics, and organizational ethics
o
Cultural ethics, occupational ethics, legal ethics, and organizational ethics
• 18
When is a business plan developed?
o
Annually
o
When reporting profit and loss
o
Shareholder meetings discussing past performance
o
When proposing a new business venture
• 19
Which of the following best describes the employee “role”?
o
The set of guidelines that govern organizational behavior
o
The set of tasks a person is expected to perform
o
The nature of employment conditions, pay, and benefits
o
The experience and minimum skills required for a specific job
• 20
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 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.
o
What distributes benefits and harm among people in equitable and impartial manner.
• 21
This Act was passed by congress to protect air quality and motivate companies to pollute less.
o
Pollution Prevention Act
o
Energy Policy Act
o
Comprehensive Environmental Response, Compensation, and Liability Act
o
Clean Air Act
• 22
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 summary of a company’s profit and loss for a specified period of time and its plan for future growth
o
A highly-detailed, written statement that explains the purpose of creating a new venture
o
A general overview explaining the purpose of creating a new venture
• 23
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 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
o
By doing what he or she is asked to do and by meeting job requirements
• 24
Who has a claim on a company because they own shares?
o
Employees
o
Stockholders
o
Customers
o
Managers
• 25
Which law was enacted to force companies to more fully disclose their financial results and to protect stockholders of the company?
o
Dodd-Frank Wall Street Reform and Consumer Protection Act
o
Securities Exchange Act
o
Sarbanes-Oxley Act
o
Investment Company Act
• 26
What is a difference between an employee and a manager?
o
Employees hold each other accountable for success of the business
o
Employees are responsible for providing vision and leadership
o
Employees have decision making authority over the organization’s resources
o
Employees perform the many jobs to make, facilitate, and sell a product
• 27
A detailed SWOT analysis would classify a well developed and informed business model as a
o
weakness
o
threat
o
opportunity
o
strength
• 28
Which two types of laws have been enacted to promote a company’s continued existence and profitability?
o
Incorporation and bankruptcy
o
Occupational health and safety
o
Occupational qualifications and diversity
o
Business and environmental stewards
• 29
Which ACT prohibits U.S. companies from paying bribes in order to win contracts abroad?
o
Securities Exchange Act
o
U.S. Foreign Corrupt Practices Act
o
Sarbanes-Oxley Act
o
Investment Company Act
• 30
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
• 31
Which answer contains the three types of entrepreneurial activities?
o
Financing, selling, and purchasing
o
Commercial, occupational, and organizational
o
Business, sales, and training
o
Evaluating, monitoring, and selling
• 32
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.
• 33
Anti-trust legislation exists
o
because it is the government’s job to regulate business
o
to make it illegal for companies to conspire with one another to limit supply
o
because it is the express aim of the U.S. government to foster competition
o
to protect consumers from shortages
• 34
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
increased sales
o
employee loyalty
• 35
How do managers help the company’s stakeholders?
o
Assembling materials into finished products
o
Assisting customers with their purchases
o
Creating profitable goods and services
o
Providing financing to grow the business





Powered by