Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT, Exams of Nursing

Download Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT and more Exams Nursing in PDF only on Docsity! Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Phillipe bought Brand B of diet soda when the price for Brand A increased. Phillipe decided not to purchase diet soda when the price for Brand A increased. Phillipe bought Brand A of diet soda because it was his favorite brand. Phillipe went to a different store to see if he could find a good price on Brand A. 1 Which of the following best illustrates a substitute good? CONCEPT Basics of Branding 2 Meredith created organic soaps and lotions and sold them at her local farmers' market. She originally only accepted cash or checks from her Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTconsideration to which stakeholder? Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT • • • Investors Employees Environment Customers Combining different marketing techniques to sell a product Considering all business aspects when marketing products Focusing on marketing individual products to consumers Implementing targeted marketing programs for green products. Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT CONCEPT Models of Social Responsibility and Considering the Stakeholder 4 Select the item below that is a characteristic of holistic marketing. CONCEPT Evolution of Marketing 5 Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT •300 trucks at $6 per truck • 400 trucks at $8 per •May have a more complicated tax structure May have difficulty raising money for business operations May have problems resulting from frozen investments May have issues with government regulations Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT •400 trucks at $4 per truck 200 trucks at $4 per truck 200 trucks at $8 per truck Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTWhich of the following is a disadvantage of a sole proprietorship? CONCEPT Non-Corporate Business 7 A toy company created a new truck to offer to consumers. Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck? Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTCONCEPT Supply and Demand Economics 8 Preston was assigned a project by his supervisor. He was already overloaded with work, but he decided to do it himself rather than giving some of the tasks to his employees. He did not want his supervisor to realize his staff could handle the same level of tasks as he could. Which of the following is true about Preston's delegation efforts? Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTRATED,100% CORRECT Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT • To update current performance appraisal processes Proactive Accommodating Defensive Obstructionist Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT CONCEPT Human Resource Management Overview 11 A business owner decides to give all her employees a living wage and benefits, including any new employees. Which social responsibility stance did the business owner demonstrate? CONCEPT Stances to Social Responsibility Issues 12 Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT • • • Operational plan Functional strategy Intermediate goal Long term goal Misusing data Technology usage Protecting data Updating systems Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTWhich of the following does this scenario illustrate? CONCEPT Goal Setting and the Mission Statement 14 An employee intentionally enters inaccurate information into her company’s database to deliberately get back at her employer. Which type of technology risk below does this illustrate? Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTRATED,100% CORRECT Evaluated trends in the market the company would enter Evaluated short term financing options for the expansion Prepared the income statement for external users to review Evaluated immediate cash flow issues from different departments Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTCONCEPT Management Technology in Virtual Work World 15 Colin was a manager for EST Corporation, and the company wanted to expand into a new region. Colin analyzed data to determine how much money the company could make from the expansion within two years. Which responsibility of financial management below did Colin demonstrate? Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Introduction Growth Maturity Decline Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTmarket. The company offered a small amount of the product at two initial locations. Which phase of the product life cycle below does this scenario illustrate? CONCEPT Product Life Cycle 18 Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTCONCEPT Equity Financing 20 When an environmental group accused a local energy company of illegally dumping waste in a river, the company spokesperson released a statement that defended the energy company's actions by denying that they had any responsibility to keep the river clean. Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Venture capitalist Stock offering Obstructionist Proactive Defensive Accomodative Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Long term loan Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTWhich social responsibility stance below did the energy company take? CONCEPT Ethics and Marketing 21 A well-known corporation planned to expand one of their product lines and needed financing. 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. Which of the following types of financing is the company likely to use? • competitors. Skimming pricing involves setting a low price to introduce a product and to gai Penetration pricing involves setting a high price for a new product to gain mark The need for specialized research and development can increase the price of a • Hawthorne Effect • • • Providing a profit-sharing program Offering employees a yearly bonus Paying employees for performance Providing continuing education courses Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT CONCEPT Motivation, Morale and the Early to Mid-20th Century 23 Which of the following would NOT be considered a type of incentive program? CONCEPT Compensation in the Workplace 24 Which of the following is true about pricing? Perfect competition can cause a company to price products lower than its Sophia: Introduction T n consum et share. Business – FINAL MILESTONE LATEST UPDATE R A T Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTED,100% CORRECT produc t. Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECTCONCEPT Price 25 The US government decided to enforce a trade restriction to no longer trade any goods with Mexico. Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100%