Introduction to business class, business and finance homework help

Introduction to business class, business and finance homework help

I need help on these questions

1. What is the currency of business?

a. Time

b. Money

c. Credit

d. Words

2. What is the language of business?

a. Management

b. Accounting

c. Sales

d. Marketing

3. What is business profit?

a. Sales minus expenses

b. Expenses minus sales

c. Credit minus sales

d. Profit plus sales

4. Name two motivational theories

a. _________________________

b. _________________________

5. On Mallow’s Hierarchy of needs, which need is the most difficult to satisfy?

a. _________________________

6. Why is that particular need so difficult to satisfy?

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7. The organized effort of individuals to produce and sell, for a profit, the goods and services that satisfies society needs is called?

a. Management

b. Business

c. Economics

d. Consumers

8. The study of how wealth is created and distributed is called?

a. ________________________________________________

9. What are the four factors of production in a business?

a.

b.

c.

d.

10. What is the difference between a market economy and a command economy?

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11. What is the difference between a recession and a depression?

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12. What is the difference between competition and pure competition?

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13. What is the difference between a monopoly and an oligopoly

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14. What type of economy do we currently live in?

a. Agricultural

b. Industrial

c. Service

d. Manufacturing

15. The study of right and wrong is called?

a. Ethics

b. Business ethics

c. Fairness

d. Honesty

16. Why would a company want to have an established code of ethics

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17. Give me example of whistle blowing.

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18. What does caveat emptor mean?

a. Let the seller beware

b. Let the buyer beware

c. You cannot get a refund

d. You can get a refund

19. If you form at business, what type of business would you form, and why?

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20. Name two of the six basic rights of consumers

a.____________________________________

b.____________________________________

21. What is the purpose of an affirmative action program?

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22. What does the term Hard Core Unemployed mean?

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23. Give me an example of International Business – one that you are aware of?

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24. What is the difference between exporting and importing?

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25. What is the difference between the balance of trade and the balance of payments?

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26. Why would a country impose an import duty tax (tariff)

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27. Concerning international business, during the gulf war, we did not trade with the country that we were fighting. What term is this called?

_____________________________________________________________?

28. Please provide two of the four reasons that most countries are against trade restrictions. Two of the reasons are the misallocation of international resources, and restriction of consumer’s choices.

a.

b.

29. What does the term GATT stand for _________________________________________________________________________________________________________________________________________________________________________________________________________________________________

30. Why do we have an export-import Bank of the United States?

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31. Give some advantages of owning a Sole Proprietorship ( three of them)

a.

b.

c.

32. Give me one disadvantage of owning a Sole Proprietorship

a. Secrecy

b. Ease of Start up

c. Unlimited Liability

d. Limited Management Skills

33. Name three types of partners in a partnership agreement

a.

b.

c.

34. Which one has the most responsibility?

a.

35. What is the difference between a corporation and a stock?

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36. What is the difference between an open and a close corporation

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37. What is the difference between a foreign corporation and an alien corporation?

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38. Why does a corporation have to have a corporate charter? To whom is the charter with?

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38. Who is in charge of whom? Are the corporate officers in charge of the board of directors, or is the board of directors in charge of the corporate officers?

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39. What is the difference between common stock and preferred stock? Which one would you rather own?

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40. What is the purpose of a detailed business plan?

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41. What is management?

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42. What is the difference leading and motivating?

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43. What is the difference between an organization chart and an organization?

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44. What is the difference between accountability and responsibility

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45. Name the four Forms of Organizational Structures

a.

b.

c.

d.

46. What does the term mean when people say that you have to learn and understand the corporate culture?

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47. What are the differences between and Entrepreneur and an Intrapreneur?

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48. What is a service economy?

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49. What is the purpose of marketing?

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50. Why would a marketing manager engage in market research?

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51. What is a balance sheet?

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52. What is an income statement?

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53. Who controls the monetary policy in this country?

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54. Federal reserve has how many member banks

a. 10

b. 15

c. 12

d. 50

55. Who is the fiscal agent for out –of- state checks?

a. The bank where you cash the check

b. The bank from the home state

c. The federal reserve at you home district

d. The federal reserve in the district where you cashed the check

56. When the federal reserve sells bonds

a. There is less money in the economy circulating

b. There is more money in the economy circulating

c. The Fed is trying to control inflation

d. The Fed wants people to save money

57. The Federal Deposit Insurance Corporation insures depositors checking and savings account up to:

a. $100,000

b. $150,000

c. $300,000

d. $250,000

Three point question – 58, 59 and 60.

In three or four paragraphs, how has this class assisted you academically, personally and professionally?

Academically

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Professionally

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Personally

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