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Question;BUSN 115 MIDTERM EXAM;Question 1.(TCO 1) The;amount of money a business takes in during a given time period by selling goods;and/or selling services.;Question 2.(TCO 1) That;part of economics that studies the operations of a nation?s economy as a whole.;Question 3.(TCO 1) That;part of economics that studies the behavior of people and organizations in;particular markets.;Question 4.(TCO;2) An unethical activity in which insiders use private company information to;further their own fortunes or those of their family and friends.;Question 5.(TCO;3) A complete ban on the import or export of a certain product, or the stopping;of all trade with a country.;Question 6.(TCO;3) An unfavorable balance of trade occurs when the value of a country?s imports;exceeds that of its exports;Question 7.(TCO;4) Investors who provide money to finance new businesses or turnarounds in;exchange for a portion of ownership, with the objective of reselling the;business at a profit.;1.(TCO;1) Describe and explain capitalism and how it functions in a free market;economy.;2. (TCO 2) Describe and explain corporate;responsibility using an ethical perspective. Your stakeholder group for your;answer is parents of high school students. Your company designs, produces, and;sells video game apps for the mobile market. A concern has been raised in the;community where your company is located about the violence portrayed in your;mobile video game apps. What do you say to the parents? Why?;3.;(TCO 3) Describe and explain the fundamentals;of the international market. Why do nations trade and how trade measured.;4. (TCO 4) Outline the three ways an entrepreneur;can start the business discussing the advantages and disadvantages of the;three.


Paper#55451 | Written in 18-Jul-2015

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