BUSI 310 TEST 3 TEST PAPER 2026 QUESTIONS WITH SOLUTIONS GRADED A+

BUSI 310 TEST 3 TEST PAPER 2026 QUESTIONS
WITH SOLUTIONS GRADED A+

◉ Venture capitalist. Answer: People who have a business of
investing in businesses


◉ Sole proprietorship. Answer: Running the business all by yourself,
unlimited liability


◉ Partnership. Answer: More skills are involved, unlimited liability


◉ Limited liability corporation. Answer: Simple to form, limited by
the number of ownerss


◉ Corporation. Answer: Difficult to run because of many regulations,
limited liability


◉ Horizontal merger. Answer: Two companies in the same industry
merging


◉ Vertical merger. Answer: Two companies in different industries
merging, usually because they want to expand what they're doing

, ◉ Conglomerate merger. Answer: Unrelated businesses merging,
usually because they want to expand their market


◉ Functions of management. Answer: Planning, organizing, leading,
controlling


◉ Autocratic management style. Answer: Demand everything is
done their way, which doesn't motivate people or make then
satisfied with their work


◉ Democratic management style. Answer: Everyone has input and
makes decisions together, but takes a long time and doesn't establish
authority


◉ Executive management. Answer: In charge of strategic planning
and where the business is going, setting goals


◉ Middle management. Answer: In charge of tactical planning,
controlling the budget, achieving goals


◉ First-level management. Answer: In charge of operational planing,
they are managers and work through people


◉ Individual contributors. Answer: Do most of the actual work