BUSI 400/690 LIBERTY UNIVERSITY.
EXAM QUESTIONS AND ANSWERS
GRADED A+ 2025/2026
Feng Shui - ANS The practice of harnessing natural forces
Global Strategy - ANS Includes designing, producing, and marketing products with global
needs in mind, instead of considering individual countries alone.
Globalization - ANS Process of doing business worldwide, so strategic decisions are made
based on global profitability of the firm rather than just domestic considerations.
Guanxi - ANS China. Personal relations
International Firms - ANS Organizations that conduct business operations across national
boarders.
Inhwa - ANS South Korea. Harmony based in respect of hierarchical relationships, including
obedience to authority.
Multinational Corporations - ANS Organizations that conduct business operations across
national boarders.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,Nemaswashio - ANS Japan. Workers expect supervisors to alert them privately of changes
rather than informing them in a meeting.
Protectionism - ANS Countries imposing tariffs, taxes,and regulations on firms outside the
country to favor their own companies and people.
Wa - ANS Japan. Group harmony and social cohesion.
Bribe - ANS Gift bestowed to influence a recipient's conduct
Bribery - ANS Offering, giving, receiving, or soliciting of any item of value to influence the
actions of an official of other person in discharge of a public or legal duty.
Code of Business Ethics - ANS ...
Environment - ANS Surroundings in which an organization operates, including air, water, land,
natural resources, flora, fauna, and their interrelation.
Environmental Management System - ANS ...
ISO 14000 - ANS Refers to a series of voluntary standards in the environmental field.
ISO 14001 - ANS Set of standards adopted by thousands of firms worldwide to certify to their
constituencies that they are conducting business in and environmentally friendly manner.
Social Policy - ANS Concerns what responsibilities the firm has to employees,c consumers,
environmentalists, minorities, communities, shareholders, and other groups.
Social Responsibility - ANS ...
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Sustainability - ANS ...
Whistle-Blowing - ANS ....
Business Ethics - ANS ...
Annual Objectives - ANS short term milestones that orgs must achieve to reach long term
objectives. Measurable, quantitative, challenging, realistic, consistent, and prioritized
Competitive Advantage - ANS what a firm does well compared to rivals. Less fixed assets than
rivals in recession.
Empowerment - ANS the act of strengthening the employees sense of effectiveness by
encouraging them to participate in decision making and to exercising initiative and imagination
and rewarding them for doing so
Environmental Scanning - ANS conducting research & gathering info assimilating external info
External Opportunities - ANS economic, social, cultural, demographic, environmental,
political, legal, governmental, technological & competitive trends that could sig benefit an org in
the future
External Threats - ANS economic, social, cultural, demographic, environmental, political,
legal, governmental, technological & competitive trends that could sig harm an org in the future
Internal Strengths - ANS controllable activities that are performed especially well
Internal weaknesses - ANS controllable activities that are performed especially poorly
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
EXAM QUESTIONS AND ANSWERS
GRADED A+ 2025/2026
Feng Shui - ANS The practice of harnessing natural forces
Global Strategy - ANS Includes designing, producing, and marketing products with global
needs in mind, instead of considering individual countries alone.
Globalization - ANS Process of doing business worldwide, so strategic decisions are made
based on global profitability of the firm rather than just domestic considerations.
Guanxi - ANS China. Personal relations
International Firms - ANS Organizations that conduct business operations across national
boarders.
Inhwa - ANS South Korea. Harmony based in respect of hierarchical relationships, including
obedience to authority.
Multinational Corporations - ANS Organizations that conduct business operations across
national boarders.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,Nemaswashio - ANS Japan. Workers expect supervisors to alert them privately of changes
rather than informing them in a meeting.
Protectionism - ANS Countries imposing tariffs, taxes,and regulations on firms outside the
country to favor their own companies and people.
Wa - ANS Japan. Group harmony and social cohesion.
Bribe - ANS Gift bestowed to influence a recipient's conduct
Bribery - ANS Offering, giving, receiving, or soliciting of any item of value to influence the
actions of an official of other person in discharge of a public or legal duty.
Code of Business Ethics - ANS ...
Environment - ANS Surroundings in which an organization operates, including air, water, land,
natural resources, flora, fauna, and their interrelation.
Environmental Management System - ANS ...
ISO 14000 - ANS Refers to a series of voluntary standards in the environmental field.
ISO 14001 - ANS Set of standards adopted by thousands of firms worldwide to certify to their
constituencies that they are conducting business in and environmentally friendly manner.
Social Policy - ANS Concerns what responsibilities the firm has to employees,c consumers,
environmentalists, minorities, communities, shareholders, and other groups.
Social Responsibility - ANS ...
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Sustainability - ANS ...
Whistle-Blowing - ANS ....
Business Ethics - ANS ...
Annual Objectives - ANS short term milestones that orgs must achieve to reach long term
objectives. Measurable, quantitative, challenging, realistic, consistent, and prioritized
Competitive Advantage - ANS what a firm does well compared to rivals. Less fixed assets than
rivals in recession.
Empowerment - ANS the act of strengthening the employees sense of effectiveness by
encouraging them to participate in decision making and to exercising initiative and imagination
and rewarding them for doing so
Environmental Scanning - ANS conducting research & gathering info assimilating external info
External Opportunities - ANS economic, social, cultural, demographic, environmental,
political, legal, governmental, technological & competitive trends that could sig benefit an org in
the future
External Threats - ANS economic, social, cultural, demographic, environmental, political,
legal, governmental, technological & competitive trends that could sig harm an org in the future
Internal Strengths - ANS controllable activities that are performed especially well
Internal weaknesses - ANS controllable activities that are performed especially poorly
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
