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 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. Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT 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 Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Sophia: Introduction To Business – FINAL •Automatic teller machine Point of sale terminal Automated clearing house Electronic check conversion Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT from her customers, but she recently updated her booth space so that her customers could make electronic payments using debit or credit cards. Which of the following types of service did Meredith begin using? CONCEPT Financial Institutions and Their Services 3 In modern times, companies need to be socially responsible toward various stakeholders. Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT • • Economic Sociocultural Political-legal Global Sophia: Introduction To Business – FINAL Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT 5 Jill owned a small business in California. The state passed new legislation that required all small businesses to use new measures to protect the personal, financial and health information of both customers and employees. Jill's business will be impacted by which external business environment below? CONCEPT Business Environments 6 Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT •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 • • • 400 trucks at $4 per truck 200 trucks at $4 per truck 200 trucks at $8 per truck 300 trucks at $6 per truck 400 trucks at $8 per truck Sophia: Introduction To Business – FINAL Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Which 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% CORRECT Sophia: Introduction To Business – FINAL Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT CONCEPT 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 RATED,100% CORRECT To update current performance appraisal processes• Proactive Accommodating Defensive Obstructionist Sophia: Introduction To Business – FINAL 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% CORRECT • • The amount charged to businesses that borrow from banks The amount charged to consumers that borrow from banks The amount charged to banks that borrow from the Federal Reserve The amount charged to businesses that borrow from the Federal Reserve Sophia: Introduction To Business – FINAL Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Which of the following correctly describes a discount rate control? CONCEPT Federal Reserve 13 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. 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 Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Which 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 RATED,100% CORRECT Introduction Growth Maturity Decline Sophia: Introduction To Business – FINAL Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT new market. 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% CORRECT • • • decline maturity introduction growth A company's net income is divided by the number of outstanding shares of stock The portion of a company's net income that is reinvested into the company's current operations The portion of a company's profits that are paid to investors based on the number of shares each investor owns A company's current assets are divided by the number of outstanding shares of stock Sophia: Introduction To Business – FINAL Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT If a company expands a product line with product variations and increases promotion to focus on product differentiation, it is most likely in the phase of the product life cycle. CONCEPT Product Life Cycle 19 Which of the following best describes the earnings per share for a stock? Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Sophia: Introduction To Business – FINAL Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT CONCEPT 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% CORRECT Hawthorne Effect• • • • Providing a profit-sharing program Offering employees a yearly bonus Paying employees for performance Providing continuing education courses • Perfect competition can cause a company to price products lower than its competitors. Skimming pricing involves setting a low price to introduce a product and to gain consumer interest. Penetration pricing involves setting a high price for a new product to gain market share. The need for specialized research and development can increase the price of a product. Sophia: Introduction To Business – FINAL 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? Sophia: I troduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Sophia: Introduction To Business – FINAL Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT CONCEPT 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% CORRECT • • Quota Foreign-exchange control Embargo Tariff Sophia: Introduction To Business – FINAL Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT Which of the following does this scenario describe? CONCEPT Interactions within the Global Economy Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT