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Class:ECO 463 - DEPT OF ECO-INTL-BUSINESS
Subject:ECONOMICS
University:Sam Houston State University
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BUSN 115 Final Exam (All 3 Sets)

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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 :

 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)

BUSN 115 Final Exam Set 1

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Question 1.1. (TCO 7) Some of the characteristics of lean systems include which of the following? (Points : 5)

        They take twice the human effort.

        They have the same defects in the finished product.

        They require half of the engineering effort.

        They use half the floor space for the same output.

        They carry 50% more inventory.

Question 2.2. (TCO 7) Mass customization means (Points : 5)

        tailoring products to meet the needs of a large number of individual customers.

BUSN 115 Final Exam Set 2

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1. (TCO 1) A(n) _____ is a framework of how a business intends to generate revenue. (Points : 5)

       business model

       strategic management tool

       profitability analysis

       competitive advantage

       entrepreneurial mindset

 

Question 2.2. (TCO 1) People who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address include which of the following? (Points : 5)

       Bankers

       Government employees

       Surrounding/competing businesses

BUSN 115 Final Exam Set 3

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1. (TCO 1) Describe the six major functional areas in a business enterprise. (Points : 25)

Question 2.2. (TCO 2) Identify and discuss the social responsibilities of Home Depot to three different stakeholder groups. (Points : 25)

Home Depot is one of the world's biggest home improvement retailers in the United States, Canada, and Puerto Rico. Home Depot stores strive to serve both the professional contractors as well as the casual home repairers.

 Question 3.3. (TCO 3) Identify and explain the incentives for entrepreneurship. Address why someone would willingly take the numerous risks associated with running a

Question 4.4. (TCO 4) Describe the stages a consumer passes through when making a purchase decision. Give examples of each stage. (Points : 25)

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BUSN 115 Week 1 DQ 1 Laws and Regulations

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Laws and Regulations

   Do laws and regulations always restrict or impede the efforts of business professionals, or can they actually help businesses? In addition to this, could you list some examples of laws or regulations that may have impeded business lately?

BUSN 115 Week 1 DQ 2 Entrepreneurship Failure

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The risk of failure is an inherent part of free enterprise. Does society have an obligation to come to the aid of entrepreneurs who try but fail? Why or why not? Also, please discuss some ways you can minimize your risk.Entrepreneurship Failure

BUSN 115 Week 1-7 All DQs

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BUSN 115 Week 1 DQ 1 Laws and Regulations

BUSN 115 Week 1 DQ 2 Entrepreneurship Failure

BUSN 115 Week 2 DQ 1 Global Markets

BUSN 115 Week  2 DQ 2 Corporate Social Responsibility (CSR)

 BUSN 115 Week  3 DQ 1 Starting a Business 

 BUSN 115 Week  3 DQ 2 Early Adopters 

BUSN 115 Week  4 DQ 1  Purchasing Process 

BUSN 115 Week 2 DQ 1 Global Markets

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Global Markets

How can a company use licensing agreements to enter world markets? What two fundamental product strategies do companies choose between when selling their products in the global marketplace?

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BUSN 115 Week 2 DQ 2 Corporate Social Responsibility (CSR)

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Corporate Social Responsibility (CSR)

Is it ethical for companies to benefit from their efforts to practice corporate social responsibility? Why or why not? How can anyone be sure that CSR efforts aren’t just public relations ploys?

BUSN 115 Week 2 Quiz

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Question 1. Question : (TCO 1)   _____ is money that an organization brings in through the sale of its goods and services.

 Profit

 Revenue

Sales

Capital investment

 Finance

Question 2. Question : (TCO 1) Which of the following statements is true regarding business mindset?

 It involves seeing the business from the outside in
BUSN 115 Week 3 Assignment LEMONADE STAND, PART I (2 Papers)

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This tutorial contains 2 Different Papers

Background

As you have read about in our lecture, we have used a lemonade stand to help us understand some basic concepts of business.   As we pointed out, a lemonade stand has a simple business structure; yet, it can help us understand almost every function of a firm; such as marketing, operations, finance, technology, entrepreneurship and many other aspects.   In our two assignments in this course, you will own and operate your very own lemonade stand as you apply the knowledge you have learned from the course.

Scenario

BUSN 115 Week 3 DQ 1 Starting a Business

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Starting a Business 

What are the advantages of buying a business rather than starting one from scratch? What are the advantages and disadvantages of owning a franchise?

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BUSN 115 Week 3 DQ 2 Early Adopters

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Early Adopters

 Do you consider yourself an early adopter when it comes to trying out new products or new fashions, or do you tend to take a wait-and-see attitude? How does your attitude toward new products and new ideas influence your decision making as a consumer?

BUSN 115 Week 4 DQ 1 Purchasing Process

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Purchasing Process

Think of a product you recently purchased and review your decision process. Why did you need or want that product? How did the product’s marketing influence your purchase decision? How did you investigate the product before making your purchase decision? Did you experience cognitive dissonance after your decision?

BUSN 115 Week 4 DQ 2 Advertising

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Advertising

 Think about an advertisement (in any medium) that had either a strongly positive or strongly negative effect on your attitude toward the product being advertised or the advertiser itself. Why did the ad have this effect? If you responded positively to the ad, do you think you were being manipulated in any way? If you responded negatively—and you are a potential buyer of the product that was advertised—what changes would you make to the ad to make it more successful?

BUSN 115 Week 4 Quiz

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Question 1. Question : (TCO 3) A small business is defined as a company that _____.

 is newly launched and has fewer than 100 shareholders

   is dominant in its field and employs fewer than 1,500 employees

 has a revenue of less than $750,000

   is independently owned and operated and not dominant in its field

is funded through personal lines of credit and has fewer than 1,000 employees

Question 2. Question : (TCO 3) One of the general characteristics of a small business is that it typically sells fewer products _____.

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BUSN 115 Week 5 Assignment LEMONADE STAND, PART II (2 Papers)

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This tutorial contains 2 Papers/Tutorial

 Background

In part II of this assignment, we continue to outline various business aspects of our lemonade stand.   As you continue to learn new concepts in this course, you have seen how a lemonade stand can help us understand and apply these concepts.  In Part II of your lemonade stand we will incorporate concepts from previous weeks and apply these to your newly created company.

Scenario

In week 3, you created a lemonade stand that you opened in your local neighborhood; you created a name, developed a mission statement, outlined a CSR plan, and picked a pricing strategy for this new company. This week you will continue to develop your idea by writing an informal business report that will share your plans with a potential business investor.   
BUSN 115 Week 5 DQ 1 Motivation Theories

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Motivation Theories Chapter 7 discusses several styles of leadership, including autocratic, democratic, and laissez-faire. How do each of these styles relate to Theory X and Theory Y assumptions about workers?

BUSN 115 Week 5 DQ 2 Benefit Choices

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Benefit Choices

 When you begin interviewing as you approach graduation, you will need to analyze job offers that include a number of financial and nonfinancial elements. Which of these aspects of employment are your top three priorities: a good base wage; bonus or commission opportunities, profit-sharing potential; rapid advancement opportunities; flexible work arrangements; good healthcare insurance coverage; or a strong retirement program? Which of these elements would you be willing to forego in order to get your top three?

BUSN 115 Week 6 DQ 1 Supply-Chain Management

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Supply-Chain Management 

How can supply-chain management (SCM) help a company establish a competitive advantage? What are ways that companies can improve their supply chains?

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BUSN 115 Week 6 DQ 2 Technology Improvement

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Technology Improvement

 Business is stalled. Sales last month were 10 percent less than the previous month and so far this month is looking even worse than last month. Could technology help you answer the decrease in sales? What technologies could you deploy to increase sales?

BUSN 115 Week 6 Quiz

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Question 1. Question : (TCO 5) A company whose structure, policies, and capabilities allow employees to respond quickly to customer needs and changes in the business environment is termed as a(n) _____.

  Student Answer:     agile organization

hyperspecialized organization

formal organization

umbrella organization

mechanistic organization

Question 2. Question : (TCO 5) Which of the following chain-of-command systems was developed to address the need to combine specialization with management control?

BUSN 115 Week 7 DQ 1 Accounting Firm

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Accounting Firm

 The senior partner of an accounting firm is looking for ways to increase the firm’s business. What other services besides traditional accounting can the firm offer to its clients? What new  

BUSN 115 Week 7 DQ 2 Financial Control

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Financial Control  The company you cofounded last year is growing rapidly and has strong prospects for an IPO in the next year or two. The additional capital that an IPO could raise would let you hire the brightest people in the industry and continue to innovate with new product research. There is one potential glitch: You and the rest of the executive team have been so focused on launching the business that you haven’t paid much attention to financial control. You’ve had plenty of funds from venture capitalists and early sales, so working capital hasn’t been a problem, but an experienced CEO in your industry recently told you that you’ll never have a successful IPO unless you clean up the financial side of the house. Your cofounders say they are too busy

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 BUSN 115 Final Exam (All 3 Sets)

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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 :

 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)

 BUSN 115 Final Exam Set 1

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                      www.busn115study.com

Question 1.1. (TCO 7) Some of the characteristics of lean systems include which of the following? (Points : 5)

        They take twice the human effort.

        They have the same defects in the finished product.

        They require half of the engineering effort.

        They use half the floor space for the same output.

        They carry 50% more inventory.

Question 2.2. (TCO 7) Mass customization means (Points : 5)

        tailoring products to meet the needs of a large number of individual customers.

 BUSN 115 Final Exam Set 2

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                      www.busn115study.com

1. (TCO 1) A(n) _____ is a framework of how a business intends to generate revenue. (Points : 5)

       business model

       strategic management tool

       profitability analysis

       competitive advantage

       entrepreneurial mindset

 

Question 2.2. (TCO 1) People who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address include which of the following? (Points : 5)

       Bankers

       Government employees

       Surrounding/competing businesses

 BUSN 115 Final Exam Set 3

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1. (TCO 1) Describe the six major functional areas in a business enterprise. (Points : 25)

Question 2.2. (TCO 2) Identify and discuss the social responsibilities of Home Depot to three different stakeholder groups. (Points : 25)

Home Depot is one of the world's biggest home improvement retailers in the United States, Canada, and Puerto Rico. Home Depot stores strive to serve both the professional contractors as well as the casual home repairers.

 Question 3.3. (TCO 3) Identify and explain the incentives for entrepreneurship. Address why someone would willingly take the numerous risks associated with running a

Question 4.4. (TCO 4) Describe the stages a consumer passes through when making a purchase decision. Give examples of each stage. (Points : 25)

 BUSN 115 Week 1 DQ 1 Laws and Regulations

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Laws and Regulations

   Do laws and regulations always restrict or impede the efforts of business professionals, or can they actually help businesses? In addition to this, could you list some examples of laws or regulations that may have impeded business lately?

 BUSN 115 Week 1 DQ 2 Entrepreneurship Failure

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The risk of failure is an inherent part of free enterprise. Does society have an obligation to come to the aid of entrepreneurs who try but fail? Why or why not? Also, please discuss some ways you can minimize your risk.Entrepreneurship Failure

 BUSN 115 Week 1-7 All DQs

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BUSN 115 Week 1 DQ 1 Laws and Regulations

BUSN 115 Week 1 DQ 2 Entrepreneurship Failure

BUSN 115 Week 2 DQ 1 Global Markets

BUSN 115 Week  2 DQ 2 Corporate Social Responsibility (CSR)

 BUSN 115 Week  3 DQ 1 Starting a Business 

 BUSN 115 Week  3 DQ 2 Early Adopters 

BUSN 115 Week  4 DQ 1  Purchasing Process 

 BUSN 115 Week 2 DQ 1 Global Markets

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Global Markets

How can a company use licensing agreements to enter world markets? What two fundamental product strategies do companies choose between when selling their products in the global marketplace?

 BUSN 115 Week 2 DQ 2 Corporate Social Responsibility (CSR)

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Corporate Social Responsibility (CSR)

Is it ethical for companies to benefit from their efforts to practice corporate social responsibility? Why or why not? How can anyone be sure that CSR efforts aren’t just public relations ploys?

 BUSN 115 Week 2 Quiz

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Question 1. Question : (TCO 1)   _____ is money that an organization brings in through the sale of its goods and services.

 Profit

 Revenue

Sales

Capital investment

 Finance

Question 2. Question : (TCO 1) Which of the following statements is true regarding business mindset?

 It involves seeing the business from the outside in
 BUSN 115 Week 3 Assignment LEMONADE STAND, PART I (2 Papers)

FOR MORE CLASSES VISIT

                      www.busn115study.com

This tutorial contains 2 Different Papers

Background

As you have read about in our lecture, we have used a lemonade stand to help us understand some basic concepts of business.   As we pointed out, a lemonade stand has a simple business structure; yet, it can help us understand almost every function of a firm; such as marketing, operations, finance, technology, entrepreneurship and many other aspects.   In our two assignments in this course, you will own and operate your very own lemonade stand as you apply the knowledge you have learned from the course.

Scenario

 BUSN 115 Week 3 DQ 1 Starting a Business

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                      www.busn115study.com

Starting a Business 

What are the advantages of buying a business rather than starting one from scratch? What are the advantages and disadvantages of owning a franchise?

 BUSN 115 Week 3 DQ 2 Early Adopters

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Early Adopters

 Do you consider yourself an early adopter when it comes to trying out new products or new fashions, or do you tend to take a wait-and-see attitude? How does your attitude toward new products and new ideas influence your decision making as a consumer?

 BUSN 115 Week 4 DQ 1 Purchasing Process

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Purchasing Process

Think of a product you recently purchased and review your decision process. Why did you need or want that product? How did the product’s marketing influence your purchase decision? How did you investigate the product before making your purchase decision? Did you experience cognitive dissonance after your decision?

 BUSN 115 Week 4 DQ 2 Advertising

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Advertising

 Think about an advertisement (in any medium) that had either a strongly positive or strongly negative effect on your attitude toward the product being advertised or the advertiser itself. Why did the ad have this effect? If you responded positively to the ad, do you think you were being manipulated in any way? If you responded negatively—and you are a potential buyer of the product that was advertised—what changes would you make to the ad to make it more successful?

 BUSN 115 Week 4 Quiz

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Question 1. Question : (TCO 3) A small business is defined as a company that _____.

 is newly launched and has fewer than 100 shareholders

   is dominant in its field and employs fewer than 1,500 employees

 has a revenue of less than $750,000

   is independently owned and operated and not dominant in its field

is funded through personal lines of credit and has fewer than 1,000 employees

Question 2. Question : (TCO 3) One of the general characteristics of a small business is that it typically sells fewer products _____.

 BUSN 115 Week 5 Assignment LEMONADE STAND, PART II (2 Papers)

FOR MORE CLASSES VISIT

                      www.busn115study.com

This tutorial contains 2 Papers/Tutorial

 Background

In part II of this assignment, we continue to outline various business aspects of our lemonade stand.   As you continue to learn new concepts in this course, you have seen how a lemonade stand can help us understand and apply these concepts.  In Part II of your lemonade stand we will incorporate concepts from previous weeks and apply these to your newly created company.

Scenario

In week 3, you created a lemonade stand that you opened in your local neighborhood; you created a name, developed a mission statement, outlined a CSR plan, and picked a pricing strategy for this new company. This week you will continue to develop your idea by writing an informal business report that will share your plans with a potential business investor.   
 BUSN 115 Week 5 DQ 1 Motivation Theories

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                      www.busn115study.com

Motivation Theories Chapter 7 discusses several styles of leadership, including autocratic, democratic, and laissez-faire. How do each of these styles relate to Theory X and Theory Y assumptions about workers?

 BUSN 115 Week 5 DQ 2 Benefit Choices

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                      www.busn115study.com

Benefit Choices

 When you begin interviewing as you approach graduation, you will need to analyze job offers that include a number of financial and nonfinancial elements. Which of these aspects of employment are your top three priorities: a good base wage; bonus or commission opportunities, profit-sharing potential; rapid advancement opportunities; flexible work arrangements; good healthcare insurance coverage; or a strong retirement program? Which of these elements would you be willing to forego in order to get your top three?

 BUSN 115 Week 6 DQ 1 Supply-Chain Management

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Supply-Chain Management 

How can supply-chain management (SCM) help a company establish a competitive advantage? What are ways that companies can improve their supply chains?

 BUSN 115 Week 6 DQ 2 Technology Improvement

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                      www.busn115study.com

Technology Improvement

 Business is stalled. Sales last month were 10 percent less than the previous month and so far this month is looking even worse than last month. Could technology help you answer the decrease in sales? What technologies could you deploy to increase sales?

 BUSN 115 Week 6 Quiz

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Question 1. Question : (TCO 5) A company whose structure, policies, and capabilities allow employees to respond quickly to customer needs and changes in the business environment is termed as a(n) _____.

  Student Answer:     agile organization

hyperspecialized organization

formal organization

umbrella organization

mechanistic organization

Question 2. Question : (TCO 5) Which of the following chain-of-command systems was developed to address the need to combine specialization with management control?

 BUSN 115 Week 7 DQ 1 Accounting Firm

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                      www.busn115study.com

Accounting Firm

 The senior partner of an accounting firm is looking for ways to increase the firm’s business. What other services besides traditional accounting can the firm offer to its clients? What new  

 BUSN 115 Week 7 DQ 2 Financial Control

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Financial Control  The company you cofounded last year is growing rapidly and has strong prospects for an IPO in the next year or two. The additional capital that an IPO could raise would let you hire the brightest people in the industry and continue to innovate with new product research. There is one potential glitch: You and the rest of the executive team have been so focused on launching the business that you haven’t paid much attention to financial control. You’ve had plenty of funds from venture capitalists and early sales, so working capital hasn’t been a problem, but an experienced CEO in your industry recently told you that you’ll never have a successful IPO unless you clean up the financial side of the house. Your cofounders say they are too busy

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