Introduction To Business Test Answers


  • If the balance sheet date represents the seasonal peak in the volume of business, for example, the ratio of current assets to current liabilities may be much lower than if the balance sheet date is in a season of low activity. Potential investors...
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  • Using ratios and percentages without considering the underlying causes may lead to incorrect conclusions. Even within an industry, variations may exist. Acceptable current ratios, gross margin percentages, debt to equity ratios, and other...
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  • There are 17 question banks with a total of multiple choice questions. Click the name of your LMS to prompt the download of the file.
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  • Log in or Sign up to track your course progress, gain access to final exams, and get a free certificate of completion! After you finish studying business practices in this course, you may discover you have many of these same qualities. This course will expose you to business terminology, concepts, and current business practices. We will help you establish a viable business vocabulary, foster critical and analytical thinking, and refine your business decision-making skills.
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  • You will acquire these skills by the reading materials, exercises, and research assignments that simulate today's workplace. By delving into the five units of this course, you will fine tune your direction and choice of career in business. Since your education should help you contribute and compete in the global business environment, we will also focus on multicultural aspects of markets and business. We will examine how the business models other countries adopt often reflect their most salient characteristics. First, read the course syllabus. Then, enroll in the course by clicking "Enroll me in this course". Click Unit 1 to read its introduction and learning outcomes.
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  • You will then see the learning materials and instructions on how to use them. Unit 1: The Context of Business This unit covers basic concepts which provide a context for business. We explore economic and historical information governments use to make decisions, which provides a foundation for future decision-making. You will learn about productivity, the business cycle, the impact of business on society, economic trends and policies, and elements of global business. We will examine the financial meltdown of , including the government bailout of AIG and General Motors, and the collapse of Lehman Brothers, which provide teachable moments in economic policy and business cycles. Completing this unit should take you approximately 16 hours.
    Link: http://resultshub.net/2013/02/uoh-entrance-examination-question.html
  • Unit 2: Entrepreneurship and Legal Forms of Business In this unit we explore various forms of ownership sole proprietorship, partnerships, and corporations which affects how businesses are taxed, how profits are distributed, and what regulations must be followed. The form of ownership you choose corresponds to the growth, taxation, and future of your company. In this unit we examine some techniques business owners use to analyze profitability. We review the characteristics of successful entrepreneurs, how small businesses impact the economy, and the role of the Small Business Administration in the United States. Completing this unit should take you approximately 10 hours. Unit 3: Marketing Marketing encompasses more than simple advertising and selling, it describes the activity businesses engage in to create, communicate, deliver, and exchange their products to their customers, clients, partners, and society at large.
    Link: http://math.tau.ac.il/~yakubov/Methods15b.pdf
  • Business owners not only aim to provide customers with the goods and services they want and need, they need to convince them to make a purchase and come back for more. It involves the product, price, distribution, and promotion in the form of advertisement, publicity, public relations, and sales promotion. We will explore e-commerce, e-business, and the use of social media marketing. Unit 4: Accounting, Finance, and Banking Every day, business owners make financial decisions that will affect every phase of the business operation, such as payroll, cash flow, and projecting future growth. A thorough understanding of accounting and financial management allows business owners to find the best sources and use of funds. For example, you can derive an accurate measure of the health of your business from the income statement, balance sheets, and financial ratios.
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  • We investigate financing options, how to analyze credit, and the time value of money. We also examine how banks, such as the U. Federal Reserve Bank, affect the ability of businesses to obtain financing. Completing this unit should take you approximately 15 hours. Unit 5: Management The management practices that a business adopts will inform how well it is able to achieve its goals and respond to changes in the workplace.
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  • For-profit and nonprofit businesses achieve their goals through the four steps of management: planning, organizing, controlling, and leading. Technical, conceptual, and interpersonal skills are essential to the management process. It also involves using human, financial, and informational resources. In this unit, we explore how successful business management involves teamwork, communication, creating a clear corporate mission and culture, following good business ethics, and making a commitment to social responsibility. Completing this unit should take you approximately 17 hours. Study Guide This study guide will help you get ready for the final exam. It discusses the key topics in each unit, walks through the learning outcomes, and lists important vocabulary. It is not meant to replace the course materials! We appreciate your feedback, whether you completed the whole course or even just a few resources. Your feedback will help us make our courses better, and we use your feedback each time we make updates to our courses.
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  • If you come across any urgent problems, email contact saylor. Your grade for the exam will be calculated as soon as you complete it. If you do not pass the exam on your first try, you can take it again as many times as you want, with a 7-day waiting period between each attempt. Once you pass this final exam, you will be awarded a free Course Completion Certificate. Your grade for this exam will be calculated as soon as you complete it. If you do not pass the exam on your first try, you can take it again a maximum of 3 times, with a day waiting period between each attempt. Once you pass this final exam, you will be awarded a Credit-Recommended Course Completion Certificate and an official transcript.
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  • The exam lasts 2 hours and includes questions on the topics mentioned above. The first thing you will need to know is how the businesses are structured, i. If you just do a little bit of research, you will find many more types of businesses and interesting stories of how to structure the business to be most efficient. Next topic to be discussed is Government and Businesses, elaborating more on how the government can put constraints on businesses through taxes, laws or other regulatory methods and how it can help businesses grow, like in case of subsidies. Trade barriers should also be considered. Another interesting topic is Economics of Business, which will discuss how markets influence each other demand and supply, price takers and price makers and how to find the equilibrium, what an opportunity cost and a tradeoff are, and the relationships of the businesses with the resources that are needed to produce goods and services: labor, capital and natural resources.
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  • Whatever happens in a business, there are some certain people who are responsible for what is happening in the organization. Yes, you are right! Strategic management is the key for business to succeed. In this section, the concentration will be on understanding the fundamental management concepts. The way the businesses define themselves in the market is due to the outstanding work done by the marketing team. Although many people confuse marketing with ads only, in this section, you will learn that marketing is much more than just promoting the business. The basics of marketing — the marketing mix or 4Ps promotion, price, placement, product will be discussed. Uber was so successful not because of massive marketing campaigns but because of word-of-mouth. Uber offers free rides for its customers if they promote the services of Uber to their friends by providing referral codes. Financing, be it equity or debt financing, is for finding funds for business activities, purchases or investments.
    Link: https://youtube.com/watch?v=GkU-kxorCAs
  • Banking terminology and functions are also essential parts of the finance. Naturally, accounting is strongly interconnected with finance and is considered to be an essential function in a business. It should be conducted ethically, be it financial or managerial accounting. The fundamental concepts such as income statement, balance sheet, statement of cash flows, revenues, assets, liabilities, equity, dividends, and retained earnings should be emphasized. Supply chain, inputs, processes, operations, and outputs are the part of the business called Production and Operations. Here also, you will learn to differentiate productivity, effectiveness, efficiency. Interesting to know: One of the best interpretations of efficient production is Apple buying its iPad retina display manufactured by Samsung!
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  • As everyone all around the world is talking — the 21st century is a century of technological revolution! And they are right. Technology is helping businesses to grow faster, automate a lot of processes, operate efficiently and cut costs. The study of the role of technology is covered in Management Information Systems. Even if you have a brilliant idea for your startup, you will not be able to succeed if you do not have a right skilled team for your business. Concepts like recruitment, labor unions, job design, employee performance appraisal, employee retention, training and development, salaries and wages along with non-tangible rewards should be taken into account as being part of Human Resource Management.
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  • Interesting to know: Employee rotation is always a refreshing process for employees. For example, employees of Amazon. This is done to show all workers the customer service process. Besides everything mentioned above, there is one more crucial thing in developing a business — the feature of being innovative! Innovation not only leads to great ideas, but it brings a lot of risks to start something totally new. Risk management and insurance should also be considered. The first topic is on Role of technology and e-commerce.
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  • Business ethics and social responsibility — business ethics, code of ethics, values, morals, fraud, harassment, discrimination, and social responsibility of a business should be discussed. In global business environment, the topics will include globalization, economies of scale, outsourcing, tax and interest rates, trade barriers, worldwide supply and demand. Introduction to Business Free Practice Test So, are you ready to answer some questions and check how well you learned the material? The format of the test will be nice and familiar for most, as it is multiple-choice with four answer options and one correct answer. When you write your answer make sure to tap or hover over the question to give you the answer and an explanation.
    Link: https://quizzcreator.com/quiz/1961/one-day-at-a-time-quiz
  • The test explores the Short answer questions: Answer in two to four sentences. What are the two primary guidelines for deciding whether Cxc past questions and answers - principles of business. Leroy Walker. Practical Entrepreneurship' given during Fall Choose your answers to the questions and click 'Next Write in dark blue or black ink. Do not use correction fluid. There are 5 questions in this paper. How can these conflicts be averted or overcome?
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  • Answer these questions in the light of business families. Entrepreneurship helps us to make use of different natural resources in Oman. Our online entrepreneurship trivia quizzes can be adapted to suit your requirements for taking some of the top entrepreneurship quizzes. Values b. Vision c. Entrepreneurship d. Motivation 2. According to entrepreneur Paul Hawken, good entrepreneurs are risk avoiders, not risk takers. It's something which is going to make a difference in others' life. Well, it's built upon the knowledge of many things, but first of all, you have to be clear the concepts of entrepreneurship. This is a pre-test to find out how much you already know about entrepreneurship. The teacher gave them 10 questions to ask and my nephew came up with 10 additional questions on his own. What is business plan? A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals.
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  • Quickly memorize the terms, phrases and much more. Answer to each of these should not exceed 15 words. Teachers Guide for Entrepreneurship This document may be used as a guide by teachers of Entrepreneurship to easily integrate the case study competition into the course curriculum guide. Cxc past questions and answers — principles of business.
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  • When a company ensures that its products will not cause personal injury when used, the company is demonstrating particular consideration to which stakeholder? Which of the following does this scenario describe? The machines then placed caps on each bottle. The bottles of soft drinks were packaged together and shipped to retailers. Which of the goods from the situation is a consumer good? She then set the meeting day and time according to when the staff were scheduled to be in the office. Which management skill below did Jane demonstrate? She likes the employee's personality, and they have similar social interests. The employee did not meet her sales quotas for the second year in a row. Even though the employee met her quotas all year, her sales numbers were down in the month prior to her appraisal. Even though the employee did not meet her sales quotas, she was a good communicator.
    Link: https://youtube.com/watch?v=k8gme19rEaY
  • Which of the following is an intermediate goal? As a result, consumers in the community who want either of these services must purchase from this company. In which of the following economic markets is the cable company operating? A few deadlines were occasionally missed, but the employees expressed high job satisfaction. Which management approach below does Girard utilize? The cream contained just enough of the ingredient to list it on the package, but it was not enough to make the product effective. Which of the following does this scenario illustrate? The company then decided to simplify the product line to focus on a few key devices and aggressively promoted these specific products. The product is in which phase of the product life cycle? He sold his products to landscaping companies and major retailers in his region. Fletcher would be considered which of the following? Which social responsibility stance below did the energy company take? Which of the following is likely to be the reason the price was lowered?
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  • Which factor of production below does the loan represent? Which type of technology risk below does this illustrate? Which social responsibility stance did the business owner demonstrate? She reviewed the weekly operating activities, such as buying inventory, paying employees to work in retail stores and paying rent on the retail spaces. Which responsibility of a financial manager below does this scenario describe? Jenna led her team in closely evaluating the company's financial documents to determine if the project would be too risky to invest in. Jenna's group was interested in helping a company grow rather than just getting it started. Which of the types of investor below is described in this scenario? Which of the following best describes his role? The corporation wanted financing that could be quickly arranged. All information about the financing needed to be kept confidential so their competitors would not find out about the expansion.
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  • Which of the following types of financing is the company likely to use? The team created a program to raise money for a local food bank charity. Which of the following activities would NOT have been performed during the planning step for the program? He was a skilled craftsman and knew there was a market in his small town for this business. He focused on serving his customers and maintaining the daily operations of his business. Which of the following would Martin be considered? When decisions needed to be made, she held meetings where she met with her employees to discuss and resolve issues by giving everyone some opportunity to contribute to decisions.
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  • Which of the styles of management below does this scenario describe? CONCEPT Truth in Advertising 9 A large clothing retailer determines the company eventually wants to offer home goods and furnishings at its stores within the next six to seven years. Management decides to add a home goods division to prepare for this product offering expansion. Which of the following is an advantage to Lindsey purchasing the franchise? The following week, he gave each employee a gift card to a local restaurant. Which type of reinforcement below does this scenario illustrate? All engine parts are made in Michigan, and the tires are made in Virginia. The computer system is made in China. The leather for all seating is made in Italy. The carpet and wood flooring are made in Pennsylvania. Select the item below that is an import to the US.
    Link: https://jobgurus.com.ng/cbt/take_test/oil-gas-and-other-companies/kpmg-past-questions-and-answers
  • Activities were grouped based on the area. For example, all activities related to spinning were grouped to form the spinning department. What type of departmentalization below does this illustrate? She decided to buy a new fan. What type of consumer behavior influence below does this scenario describe?
    Link: https://fgcu.edu/cob/syllabi/2019sp/Fandel_D_GEB_1011_crn_11161_201901.pdf

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