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Devry BUSN 115 Full Course Latest
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Devry BUSN 115 Week 1 Discussion DQ 1 & DQ 2 Latest
DQ 1
| Laws and Regulations (graded) |
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?
DQ 2
| Entrepreneurship Failure (graded) |
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.
Devry BUSN 115 Week 2 Discussion Latest
DQ 1
| Global Markets (graded) |
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?
Devry BUSN 115 Week 3 Discussion Latest
| Starting a Business (graded) |
What are the advantages of buying a business rather than starting one from scratch? What are the advantages and disadvantages of owning a franchise?
Devry BUSN 115 Week 4 Discussion Latest
| Purchasing Process (graded) |
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?
Devry BUSN 115 Week 5 Discussion Latest
| Motivation Theories(graded) |
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?
Devry BUSN 115 Week 6 Discussion Latest
| Supply-Chain Management (graded) |
How can supply-chain management (SCM) help a company establish a competitive advantage? What are ways that companies can improve their supply chains?
Devry BUSN 115 Week 7 Discussion Latest
| Accounting Firm (graded) |
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 challenges might this additional work create?
Devry BUSN 115 All Homework latest
Devry BUSN 115 Week 3 Homework
Week 3: LEMONADE STAND, PART I
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
You have decided to open a lemonade stand in your local neighborhood. You have grand plans for this stand and expect to attract many customers. In part I of this assignment, you will develop the basic premise of your new company. Please answer the following questions, utilizing the textbook, to ensure you apply the lesson we have learned in the previous weeks.
– Develop a creative name for your Lemonade Stand, and then explain why a name is important when you are considering branding options?
– Create a Mission Statement for your Lemonade Stand (Chapter 7); then explain why a mission statement is important for any company?
– You are very involved in your community; please outlineyour CSR plan (Chapter 4) for your business.
– The textbook lists many different types of pricing strategies, please pick one of these and explain how you will deliver on this strategy with your stand. (Chapter 14)
– Even though you only sell to local customers, you understand that you could package your lemonade and sell it online globally.Evaluate whether or not the company should go global by creating an online presence and selling your lemonade online (Chapter 3).
Activity
You are to write roughly 500 words in answering all questions posted above for your Lemonade Stand. (Please note: you may list the questions in your paper and answer these in a step by step process, but the word count will only apply to your written words).
The paper needs to be written in an APA format and should have at least your textbook listed as a scholarly sourcein your bibliography. Please view the APA tutorial in your syllabus for more on how to format your paper. Your paper should include a cover page and running header as stipulated by APA formatting.
This paper will be evaluated on how you apply the concepts that are detailed in the textbook to a practical idea. In order to receive the highest grade, it is encouraged that you review the textbook and cite specific area of the text in your responses (taking care in citing these properly). Additionally, while this is not an English class, grammar will account for a portion of your paper. Please take care in writing a well develop response.
Note: For this paper and other papers that you will write in college, please note that when you reference or cite a text, if you use words that are directly from a source, they must be in quotations and cited. If you are just referencing them and have changed the words, a citation is all that is required. One final point, when writing anything in college, you must adhere to the 80/20 rule: 80% of the papers should be in your own words, while 20% make up any citations you may add. Violation of this rule could result in a zero for the assignment.
Devry BUSN 115 Week 5 HomeworkBUSN115 Week 5: Lemonade Stand, Part II Informal Business Report Background In part II of this assignment, we continue to outline various business aspects of our lemonade stand. As you continue tolearnnew concepts in thiscourse, 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. A report template is available in Doc Sharing to guide you through formatting of this assignment; however, the main prompts you should address in the report include: – Branding strategy. In Part I, you decided part of the brand when you developed your pricing strategy. Continue with the other parts of the marketing mix (Place, Promotion, and Product), and discuss how the lemonade stand should be branded utilizing this marketing mix (Chapter 14). – Opportunities for new locations.Your stand in your neighborhood has been very successful and you are considering expanding operations. In doing so, you will need to outline some criteria for potential new locations (Chapter 15). – Promotion plans.You have a $ 10,000 budget to promote your stand in the local community. Please outline two or three ways you could promote this business (please include costs involved in these promotions) (Chapter 16). – Employee Training.You have hired several people to run your lemonade stand, as you simply are too involved in the strategic aspects of the business. As such, you have seen sales drop. What are some ways you can motivate your employees to improve sales? (Chapter 10) Activity Once you have considered the points above, please provide responses and explanations using the template provided in Doc Sharing (titled “Lemonade Stand Informal Business Report”). Utilize your textbook and apply the lessons we have learned in previous weeks to develop and support your plans. By offering support and developing your response, you must provide examples, elaboration, or justification, often in the form of information gathered from your textbook. When integrating support from your textbook, be sure to use APA style to provide in-text citations within the paragraph and a full end reference on a separate Reference Page after the Business Plan. Examples of APA formatting are included in the template. You are to write roughly 500 – 750 wordsin answering all points posted above for your Lemonade Stand. This informal business report will be evaluated on how well you apply the concepts that are detailed in the textbook to a practical idea. In order to receive the highest grade, it is required that you review the textbook and cite specific areas of the text in your responses (taking care in citing these properly in APA style). Additionally, while this is not an English class and while the content of your ideas is most important, grammar and sentence structure will account for a portion of your report grade. Please be sure to writewell-developed responses in complete sentence and paragraph format. Note: For this assignment and other college writing assignments, please note that when you reference or cite a text, if you use words that are directly from a source, they must be in quotations and cited. If you are just referencing them and have changed the words, a citation is still required. One final point, when writing anything in college, you must adhere to the 80/20 rule: 80% of the papers should be in your own words, while 20% make up any citations you may add. Violation of this rule could result in a zero for the assignment. GRADING RUBRIC
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Devry BUSN 115 All Quizes latest
Devry BUSN 115 Week 2 Quiz Latest
- 1.Question : (TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market.
Assets
Economies of scale
Barriers to entry
Technological requirements
Fixed costs
Question 2. Question : (TCO 1) The _____ function of an organization coordinates the incoming flow of materials and the outgoing flow of finished products.
finance
logistics
human resource
purchasing
sales
Question 3. Question : (TCO 1) Which of the following positions would be responsible for establishing the long-term financial goals of the company, investing its funds and raising capital for the business?
Cash manager
Internal auditor
Chief information officer
Forensic accountant
Treasurer
Question 4. Question : (TCO 1) When the number of competitors in a market is quite small, a situation known as _____ is created.
monopoly
monopsony
oligopoly
monopolistic competition
pure competition
Question 5. Question : (TCO 1) _____ is a steady rise in the average prices of goods and services throughout the economy.
Recession
Depression
Deflation
Inflation
Arbitration
Question 6. Question : (TCO 1) ________ taxes, levied on the earnings of individuals and businesses, are the government’s largest single source of revenue.
Income
Property
Sales
Excise
Payroll
Question 7. Question : (TCO 1) _____ intelligence involves reasoning, problem solving, memorization, and other rational skills.
Cognitive
Emotional
Social
Collaborative
Networking
Question 8. Question : (TCO 1) The overall plan might be supported at the next level down by such plans as a research and development plan, a manufacturing plan, and a marketing plan. Such functional plans are called _____ plans.
appraisal
strategic
contingency
tactical
corporate
Question 9. Question : (TCO 1) _____ is the management function of keeping a company’s activities on track toward previously established goals.
Organizing
Leading
Planning
Motivating
Controlling
Question 10. Question : (TCO 2) An embargo is a _____.
quantity restriction on the import of particular goods or services
surcharge imposed on the import of certain products
subsidy offered to products exported from a country
complete ban on the import or export of certain products
form of financial assistance extended to domestic producers
Question 11. Question : (TCO 2) The _____ was established to foster international financial cooperation and its primary functions include providing short-term loans to countries that are unable to meet their financial obligations and working to alleviate poverty in developing economies.
World Trade Organization
World Commerce Center
European Union
North American Free Treaty
International Monetary Fund
Question 12. Question : (TCO 2) _____ refers to buying goods or services from a supplier in another country.
Franchising
Importing
Licensing
Partnering
Intermediating
Question 13. Question : (TCO 2) _____ refers to the degree to which information flows freely within an organization, among managers and employees, and outward to stakeholders.
Philanthropy
Materialism
Whistle-blowing
Transparency
Utilitarianism
Question 14. Question : (TCO 2) Which of the following is an example of whistle-blowing?
An employee discloses confidential information about the company to a rival firm for personal gain.
An employee suggests some process changes to his manager that he claims will increase the productivity of the team.
An employee avoids taking ownership of his mistakes by blaming it on his coworkers.
An employee informs the manager that some of his team members are misusing confidential customer details from the company database.
An employee who is unsatisfied with his performance appraisal requests his manager for a re-evaluation of his performance.
Question 15. Question : (TCO 2) Which of the following statements is true regarding ethical decision making?
When an employee is unable to make a decision because more than one side of an issue can be supported with valid arguments, it is called an ethical lapse.
The disclosure of information by a company insider that exposes unethical behavior by others within the organization is called an ethical lapse.
Stakeholders’ needs often conflict, requiring managers to make tough decisions about resource allocation.
Making objective decisions will lead to ethical lapses.
When the question of what is right and what is wrong is clear, ethical decisions are easy
to implement.
(TCO 1) The overall plan might be supported at the next level down by such plans as a research and development plan, a manufacturing plan, and a marketing plan. Such functional plans are called _____ plans.
appraisal
strategic
contingency
tactical
Devry BUSN 115 Week 4 Quiz Latest
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 _____.
to a larger customer base
to fewer market segments
to foreign companies
at lower costs to government agencies
at higher costs
Question 3. Question : (TCO 3) TechPoint, a technical writing and business documentation firm, finds it difficult to handle its training requirements. The company forms a one-year contract with Impact Inc., a language training firm, to conduct training and refresher courses for their employees. This is an example of _____.
downsizing
outsourcing
vertical integration
market penetration
diversification
Question 4. Question : (TCO 3) _____ are expensive organizational products with a long useful life.
Shopping products
Capital items
Expense items
Specialty products
Convenience products
Question 5. Question : (TCO 3) The introductory stage will be followed by a _____ stage for a successful product.
maturity
research
saturation
growth
infiltration
Question 6. Question : (TCO 3) The maturity stage of product lifecycle is _____.
a stage where a product’s price is at a high level
usually the shortest stage in a product’s lifetime
characterized by steep decline in profits
typically followed by a growth stage
a stage where firms have to win sales away from others
Question 7. Question : (TCO 4) Which of the following statements is true about the consumer decision process?
Behavioral economics suggests that consumer behavior follows a completely rational process.
Cognitive dissonance refers to the delivery of marketing messages to people who are not aware that they are being marketed to.
Companies, government agencies, and other organizations that buy goods and services are a part of the consumer market.
Many consumers tend to believe that “you are what you buy,” so they make or avoid choices that support their desired self-images.
Aspirational reference groups are those to which consumers actually belong, such as families, networks of friends, clubs, and work groups.
Question 8. Question : (TCO 4) The process of examining an organization’s current marketing situation, assessing opportunities and setting objectives, and then developing a marketing strategy to reach those objectives is called _____.
stealth marketing
strategic marketing planning
marketing research
social commerce
marketing concept
Question 9. Question : (TCO 4) Creating new goods and services for a firm’s current markets is called _____.
market penetration
product development
market development
diversification
pure play
Question 10. Question : (TCO 4) Wholesalers differ from retailers in that wholesalers _____.
sell products to organizational customers
are marketing intermediaries
primarily sell products to consumers for personal use
cannot sell products to consumers for personal use
create place utility and time utility
Question 11. Question : (TCO 4) AMS Technologies, a computer hardware reseller, purchases computer components from leading manufacturers and builds fully operational personal computer systems customized for specific consumer requirements, such as nonlinear video editing capabilities. The firm sells its products to various companies and educational institutions. AMS Technologies belongs to which of the following class of intermediaries?
Retail outlet
Drop shippers
Manufacturers’ representatives
System integrators
Specialty stores
Question 12. Question : (TCO 4) Producers rely on a class of intermediaries called value-added resellers (VARs) to assist with which of the following functions?
Transport the goods from the producer to the retail outlets
Assist with advertising, in-store displays, and other promotional efforts
Provide market information
Divide bulk quantities into smaller packages
Complete or customize solutions for customers
Question 13. Question : (TCO 4) The government agency that has the authority to impose penalties against advertisers who violate federal standards for truthful advertising is the _____.
Federal Communications Commission
Consumer Product Safety Commission
Federal Trade Commission
Federal Advertising Administration
Federal Regulatory Commission
Question 14. Question : (TCO 4) In _____, behaviorally targeted ads follow users even as they move on to other websites.
attack ads
advocacy advertising
cooperative advertising
remarketing
search engine marketing
Question 15. Question : (TCO 4) A television commercial promoting a new range of naturally flavored ice cream, manufactured by Ice Fountain, an ice cream and candy manufacturing firm, is an example of which of the following elements in the communication mix?
Institutional advertising
Sales promotion
Social media
Product advertising
Personal selling
(TCO 3) The introductory stage will be followed by a _____ stage for a successful product.
maturity
research
saturation
growth
infiltration
week 6
Devry BUSN 115 Week 6 Quiz Latest
- 1.Question : (TCO 5) A group of employees in American Game Technology Inc., a manufacturer of gaming machines, got together to arrange a paper recycling drive in the office.Though they came from different departments, they shared a common belief in environmentalism, and often discussed issues related to environmental conservation. This is an example of _____.
scapegoating
informal organization
groupthink
work specialization
emotional contagion
Question 2. Question : (TCO 5) Which of the following does an organization chart do?
Depicts the attrition rate in the organization
Depicts the costs incurred by the organization
Shows lines of authority in the organization
Shows the performance of the organization
Shows the growth curve of employees
Question 3. Question : (TCO 5) _____ is defined as a pathway for the flow of authority from one management level to the next.
Span of management
Span of control
Departmentalization
Network structure
Chain of command
Question 4. Question : (TCO 5) Ace Inc., an American multinational computer software company, has a large number of hierarchical levels. Each manager is responsible for a few employees and maintains a tight control on them. At Ace Inc., the time taken to make decisions is very high, as each decision needs to go through numerous management layers. Which of the following statements is true about the organizational structure of Ace Inc.?
Ace Inc. has a narrow span of management.
Ace Inc. is a flat organization.
Ace Inc. lacks work specialization.
Ace Inc. is a decentralized organization.
Ace Inc. encourages employees to form self-managed teams.
Question 5. Question : (TCO 5) Kelly, who had recently joined an organization, participates in all corporate events because she wants to be accepted as a friend by her coworkers. According to David McClelland’s three-needs theory, this desire is known as _____.
need for power
need for achievement
need for self-esteem
need for affiliation
need for security
Question 6. Question : (TCO 5) Which of the following is a drawback of David McClelland’s three-needs theory?
It explains motivation in limited contexts.
It has limited practicality in terms of identifying needs.
It is criticized because of the methodology used in the original research.
Subsequent research was unable to validate the model.
It is illogical.
Question 7. Question : (TCO 5) Belief in your ability to complete a task is known as _____.
drive
self-efficacy
self-actualization
rootedness
self-motivation
Question 8. Question : (TCO 5) _____ refers to the idea that carefully designed performance targets and aims can motivate employees to higher performance.
Goal-setting theory
Equity theory
Herzberg’s two-factor theory
David McClelland’s three-needs theory
Expectancy theory
Question 9. Question : (TCO 5) _____ refers to a motivational approach in which managers and employees work together to structure personal goals and objectives for every individual, department, and project to mesh with the organization’s goals.
Scientific management
Theory X-oriented management
Management by objectives
Theory Y-oriented management
Micromanagement
Question 10. Question : (TCO 5) K.M. Retailers, an international consumer products retail chain, gives preference to women and minority-owned suppliers and subcontractors. The firm hires a large number of employees from ethnic minorities and the human resource department keeps the interests of these groups in mind while framing company policies. In this example, K.M.Retailers uses which of the following strategies?
Job enrichment
Ethnocentric policies
Decentralization
Deregulation
Diversity initiatives
Question 11. Question : (TCO 5) Harmony House, a software development firm, had recently hired a large number of software developers to work on several new projects. Colleen, the manager of the human resource department, wanted to assess the effectiveness of the recruitment team. She used a combination of criteria, including the percentage of qualifications met, and subjective assessment by managers to measure how closely newly-hired employees met the company’s needs. Colleen is most likely to be using which of the following tools?
Quality of hire
Employee satisfaction
Utilization percent
Job enrichment
Outplacement
Question 12. Question : (TCO 6) _____ refers to the efficiency with which an organization can convert inputs to outputs.
Productivity
Sustainability
Security
Capacity
System value
Question 13. Question : (TCO 6) _____ refers to the creation of a unique good or service for each customer.
Mass production
Batch production
Customized production
Mass customization
Standard production
Question 14. Question : (TCO 6) Jass Glass Studio has been hired to make a church window. A church hires the company to make ten windows based on a design provided by the church. This is an example of _____.
mass production
batch production
customized production
mass customization
standard production
Question 15. Question : (TCO 6) Dell Computers allows customers to place orders online. The company produces major parts using bulk production and allows customers to personalize such features as software, color, memory size, and screen size. This type of manufacturing is an example of _____.
mass customization
mass production
customized production
mass manufacturing
(TCO 5) Which of the following does an organization chart do?
Depicts the attrition rate in the organization
Depicts the costs incurred by the organization
Shows lines of authority in the organization
Shows the performance of the organization
Shows the growth curve of employees
Devry BUSN 115 Final Papers latest
final
Question 1.1. (TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market. (Points : 5)
Assets
Economies of scale
Barriers to entry
Technological requirements
Fixed costs
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
Foreign business leaders
Domestic business leaders
Question 3.3. (TCO 1) As a pharmacist in your community, you are concerned with the level of service provided to those in need at odd hours and after hours and in the neighborhoods where such extended service is needed. Your concerns are centered on which of the following? (Points : 5)
Making products and counseling available when consumers need them
Changing the buying behaviors of consumers
Understanding the risks of some of the products offered for sale
Doing whatever is necessary to provide credit through debit cards and credit cards
Providing open and free-flowing communication to the consumers
Question 4.4. (TCO 3) Which of the following is true about a small business? (Points : 5)
A small business is one that employs between 500 to 1000 employees.
A small business is usually funded by personal lines of credit and not through bank loans and microlenders.
A small business is one that is not dominant in its field.
A small firm usually curtails the freedom to innovate.
A small firm avoids risks that larger firms are willing to take.
Question 5.5. (TCO 1) You own Wash This Way Laundromat in a busy part of town. ABC Laundry, a chain store competitor, opened across the street in a busy shopping strip. You decide to improve your business by adding an internet café offering free Wi-Fi. Why? (Points : 5)
To promote private ownership of businesses
To improve quality of life
To exceed customer expectations
To expand your market
Question 6.6. (TCO 2) One advantage of globalization is _____. (Points : 5)
all government regulations are eliminated
all trade barriers are eliminated
production costs are reduced because of reduced labor cost
oppressive governments benefit
Question 7.7. (TCO 3) One disadvantage of free trade is _____. (Points : 5)
domestic companies can lose their comparative advantage
uninterrupted flow of capital provides for lower interest rates
workers will be given across-the-board pay increases
a company’s productivity grows when it has an absolute advantage
domestic workers can be trained for additional jobs
Question 8.8. (TCO 3) Advantages of a Limited Liability Corporation (LLC) include all of the following EXCEPT (Points : 5)
unrestricted member participation in management.
pass-through taxation benefits of a partnership.
advantages of limited liability.
limited number of shareholders.
Question 9.9. (TCO 2) There have been reports of cell phone service sales representatives who actually lie to get customers to extend their contracts, or even extend their contracts without the customers’ knowledge. Some phone reps intentionally hang up on callers to prevent them from canceling their contracts. Why do these sales reps sometimes resort to overly aggressive tactics? (Points : 5)
Excellently designed incentive programs reward them tax free.
Salaries can be reduced by half in such instances.
Their managers say, “Deceive the customers.”
Overly ambitious goals and incentives create an environment in which people can learn and grow.
Overly ambitious goals and incentives create an environment in which unethical actions are tolerated.
Question 10.10. (TCO 3) What is a key feature of intrapreneurship? (Points : 5)
It encourages sticking with the accepted wisdom.
It is often found in companies that are rigid and structured.
Steps are never needed to encourage, protect, and reward intrepreneurship.
It can be risky behavior that may not be rewarded.
Question 11.11. (TCO 4) Consumers have needs for living and wants, which are desires and to know them helps businesses to meet market demands. From the following list, identify which combination is just needs, or just wants. (Points : 5)
Food and Big Mac
Motorcycle and car
Shelter and condo
Water and Coca-Cola
Question 12.12. (TCO 4) The rapid spread of brand communities has been one of the major impacts of social media. The Harley Davidson Owners Group is one example of an informal network of people with similar interests who use social media to bond and share information. Why are these brand communities effective? (Points : 5)
The cost of consumer-oriented publications is too expensive.
Consumers now trust their peers more than any source for product information.
Consumers no longer trust salespeople.
State and local consumer protection agencies no longer review products.
Question 13.13. (TCO 4) Successfully distributing goods to customers involves low cost and customer satisfaction. Several steps must take place in order to reach this goal. Which step need NOT be considered in the physical distribution of goods? (Points : 5)
Order processing
Market segmentation
Inventory control
Transportation
Question 14.14. (TCO 5) Managers of employees from different cultural and geographic backgrounds have unique opportunities to reach out to new markets and understand ways to extend their products to new markets. A better understanding of other cultures’ customs and concerns helps managers’ to increase customer satisfaction and customer loyalty. Part of cultural competency is not only understanding different languages, but also understanding: (Points : 5)
Similar food selections
Looking others in the eye when speaking to them
How much money people make
How tall people are when compared to others
How people wish to be addressed
Question 15.15. (TCO 6) 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 16.16. (TCO 7) A common reason that companies fail is (Points : 5)
underspecialization.
an excellent control of cash flow.
a lack of adequate sales revenue.
an inadequate control of expenses.
an inadequate managerial expertise.
Question 17.17. (TCO 7) What are the three interrelated reports required by law for all publically traded companies that act as vital management tools for all companies, big and small? (Points : 5)
Ledger, operating budget, balance sheet
Journal, adjusted trial balance, income statement
Balance sheet, income statement, statement of cash flows
Expense report, balance sheet, capital budget
Page 2
Question 1. 1. (TCO 1) Describe the six major functional areas in a business enterprise. (Points : 25)
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Question 2. 2. (TCO 2) Discuss the positive aspects of globalization, and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address the pros and cons of outsourcing in your response. (Points : 25)
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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 business. Also, discuss the major attributes necessary for a successful entrepreneur.(Points : 25)
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Question 4. 4. (TCO 4) Identify the four Ps of marketing, and give an example how each of the four Ps can be used to market your favorite product or service. (Points : 25)
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Question 5. 5. (TCO 5) Discuss the advantages and disadvantages of work specialization. (Points : 25)
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Question 6. 6. (TCO 6) Given the following companies—Boeing (airliner manufacturer) and Dell Computer (computer manufacturer)—which facility layout would be the most suitable for each? Justify your response. How would each company determine the location of its facilities? List the specific needs and requirements of each company when determining location.(Points : 25)
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Question 7. 7. (TCO 7) Describe double-entry bookkeeping and the matching principle. (Points : 25)
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