Question;BUSN 115;Final Exam;Question;1.1. (TCO 7) Some of the characteristics of lean systems include which of;the following?;Question;2.2. (TCO 7) Mass customization means;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?;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;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.);Question;6.6. TCO 1) You are fairly good at various and sundry home repairs. You;aren?t very good at electrical things or anything having to do with plumbing.;But you?re great with painting, patching, and general maintenance on a home.;You?re contemplating starting a home repair business in your town. What are;some issues that you can influence and should be concerned with in launching a;new small-business start-up? (Select all that apply.);Question;7.7. (TCO 1) A technique that combines all the promotional tools into one;comprehensive, unified promotional strategy includes which? (Select all that;apply.);Question;8.8. (TCO 2) A conscious plan that represents and encourages a unique set;of values includes which? (Select all that apply.);Question;9.9. (TCO 2) The Uniform Commercial Code includes which? (Select all that;apply.);Question;10.10. (TCO 2) Some regulation of business seems necessary to ensure fair;and honest dealings with the public. The impact of this statement can best be;explained by which of the following? (Select all that apply.);Question;11.11. (TCO 3) Strategies for reaching global markets include which?;(Select all that apply.);Question;12.12. (TCO 3) Nations rely on a number of key indicators to measure;global trade. These include which? (Select all that apply.;Question;13.13. (TCO 3) In 1948, a global forum was created whose purpose it was to;reduce trade restrictions on goods, services, ideas, and cultural programs. The;results of the efforts of this organization include which? (Select all that;apply.);Question;14.14. (TCO 4) The disadvantages of sole proprietorships are which?;(Select all that apply.);Question;15.15. (TCO 4) A limited liability company has which of the following;advantages? (Select all that apply.);Question;1.1. (TCO 5) In this digital age, setting up shop online is vital for most;retail businesses. But having only an online presence that customers can access;at home isn?t enough anymore. Now consumers have an array of smartphones and;digital tablets that can get them online from anywhere. For social networks and;retailers alike, the mobile market has already enjoyed tremendous growth. Given;this information as a sales manager for Always Better Car Sales (ABCS), your;concerns include which of the following? (Select all that apply.);Question;2.2. (TCO 4) To look at problems and/or passions and see opportunities in;them, which of the following questions should be asked? (Select all that;apply.);Question;3.3. (TCO 5) Electronic wireless technology continues its move toward;ubiquity. Such media inculcates which of the following? (Select all that;apply.);Question;4.4. (TCO 5) You are an independent Internet marketing consultant. You;have an excellent track record of assisting small- to medium-sized companies;fully realize their marketing potential through an improved and enhanced;presence on the Web. Mr. Top Hatt, the owner of a small pet-grooming salon;(Hatt?s Cat Grooming Emporium), specializes in the care and grooming of cats;and only cats and has just called you. Mr. Hatt has heard of the Internet but;doesn?t know much else. He would like for his cat grooming business to grow by;using the Internet but doesn?t know what to do. Your recommendations include;which of the following? (Select all that apply.);Question;5.5. (TCO 6) Which does a mission statement address? (Select all that;apply.);Question;6.6. (TCO 6) Imagine a world that is populated by 9 billion people. In;order to maintain our current quality of life, such a world would require 2.3;planets? worth of resources. In order to sustain the U.S. way of life;businesses and the government must plan for 30% more people living across the;globe. Most of those people will be in developing countries, and the demand;will be great for energy, food, and healthcare. Your concern is that you and;your production team have been asked by your leadership to create a scorecard;to measure your firm?s efforts in sustainability. Your team?s scorecard should;necessarily include which? (Select all that apply.);Question;7.7. (TCO 6) Mining Group Gold is a team process that includes a method;for processing and analyzing which? (Select all that apply.);Question;8.8. (TCO 7) A cellular or modular layout can accommodate changes in;design or customer demand. This includes which? (Select all that apply.);Question;9.9. (TCO 8) The marketing manager is responsible for choosing how to;implement which? (Select all that apply.);Question;10.10. (TCO 9) Technology can provide significant increases in;productivity and efficiency. However, less than stable technology-based systems;can significantly impact businesses at the most inopportune times. Issues that;are inadvertently and unexpectedly created in such instances include which?;(Select all that apply.);Question;11.11. (TCO 9) Collaboration software allows multiple users to work on the;same document at the same time. It also facilitates videoconferencing so that;participants can see and hear each other regardless of where they are. The;advantage of using such software is which? (Select all that apply.);Question;12.12. (TCO 9) Web 3.0 can be characterized by which of the following;statements? (Select all that apply.);Question;13.13. (TCO 10) The role of information technology has changed since the;days when it was known as data processing. You have been hired as the new;manager of the IT department for Megalopolis Corporation. Megalopolis;Corporation manufactures and sells barbecue grills to the middle-upper end of;the market. Demand continues to be strong for all products. However, providing;service (both warranty and nonwarranty) continues to be a challenge. In;essence, having the right parts at the right place at the right time is not an;easy task. Given this information, your set of ?must-do-first? priorities;includes which? (Select all that apply.);Question;14.14. (TCO 10) An accounting system includes which? (Select all that;apply.);Question;15.15. (TCO 10) Which of the following financial management functions are;a part of financial planning? (Select all that apply.);Question;1.1. (TCO 1) The latest economic news is not very positive. Unemployment;rates are higher than expected, consumer confidence has fallen, and companies;are reporting layoffs are in order. The Federal Reserve chairman acknowledges;the economy is in a recession. What actions might the federal government and;the Federal Reserve take to give the economy a boost? What are these policies;called?;Question;2.2. (TCO 2) Identify and discuss the social responsibilities of Home;Depot to three different stakeholder groups.;Question;3.3. (TCO 3) 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.;Question;4.4. (TCO 4) 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.;Question;5.5. (TCO 5) Aside from retail sales and marketing, identify and discuss;two ways that a business could reduce costs or increase profits by using the;Internet or web applications.;Question;6.6. (TCO 8) Identify the fourPs of marketing, and give an example how each;of the fourPs can be used to market;your favorite product or service.;Question;7.7. (TCO 7) 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.
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