BUSI 100 QUESTIONS AND ANSWERS
Thoreau notes that most of his townsmen have learned to read not only to keep
accounts and not be cheated in trade but also as a noble intellectual exercise - Answers
- False
Brad has no personal connection to which (singstreet, sandlot, yo gabba gabba) -
Answers - Sing street
Plato felt that the fundamental key in the development of an economy was - Answers -
More things are produced and better and more easily when one man performs one task
according to nature at the right moment and at leisure from other occupations
(T/F) Adam smith believed that the individuals act in their own self-interest because they
know that this will lead to the greatest good for society as a whole - Answers - False
(T/F) during lecture, professor Hendricks noted some similarities between the logic
profession from an inquiry into the nature and causes of the wealth of nations by Adam
smith and the popular children's book "if you give a mouse a cookie" - Answers - False-
Plato
During lecture we watched a brief video that Friedman narrated to illustrate basic free
market principles. In the video he indicated these pre in piles are quite simple and easily
understood when thinking about the production of____ - Answers - Pencils
(t/f)The key point in the Friedman doctrine is that in her capacity as a corporate exec,
the manager is the agent of the individuals who own the corporation, and her primary
responsibility is to conduct the business in accordance with their desires - Answers -
True
Who would agree with this quote "I believe that with great wealth comes great
responsibility, a responsibility to give back to society and a responsibility to see that
resources are put to work in the best possible way to help the most in need - Answers -
Carnegie
Without____, pavilions indicates that it is impossible for merchants "to conduct their
business for they would have no rest and their minds would always be troubled" -
Answers - Systematically arranging all transactions
(t/F) Defoe indicates that if it is too tedious to keep books exact, partial book keeping
still provides many benefits to the merchant - Answers - False- all or nothing
What songs does Hendricks listen to the most - Answers - Stick season (Noah kahan)
, To find cash - Answers - Add (borrowed + received cash from stock)- subtract( wages,
equipment, rent)+ add(collected money)
Assets - Answers - Cash+amount left on rent+amount left of equipment+ (revenue-
collected)
One plausible explanation for Du Bois observation that the value of farms in Dougherty
County, GA decreasing from 3 million in 1860 to 2 million in 1870 is that emancipation
of the slaves led the present value of cash flows for those farms to - Answers -
Decrease because the cost of labor increased
(T/F)Ayn rand, in atlas shrugged, believed that the problem with society is the love of
money, not money itself - Answers - False- it's not money or love of money
Net present value - Answers - Write out the years given, put cash flows under each
year, divide each by the discount rate^(power of the year), add them up, take out the
initial cash flow at beginning of problem
What name did professor Hendricks not get wrong - Answers - Tanja
(T/F)During lecture, professor Hendricks highlighted a recent report from the UN that
indicated there are fifty million people stuck in modern slavery, significant increase -
Answers - True
Equity stake worth on date - Answers - How much he invested+other equity from
investors. Sort the investment, get to the year, take out the debt, then take the percent
the person owns
Which if the following metrics was not a key performance indicator for any round of the
market games simulation - Answers - Net income
Find valuation using revenue multiple - Answers - Services valued multiplied by revenue
multiple
Jimmy V noted we should do several things everyday, even including this advice in his
headstone, which of the following things was not on his list - Answers - Exercise
Porters five forces determine the competitive structure of an industry, and its
profitability. Which of the following was not one of the five forces highlighted by Porter? -
Answers - Access to capital
Porter's Five Forces - Answers - threat of entry, threat of substitute, supplier power,
buyer power, and competitive rivalry
Thoreau notes that most of his townsmen have learned to read not only to keep
accounts and not be cheated in trade but also as a noble intellectual exercise - Answers
- False
Brad has no personal connection to which (singstreet, sandlot, yo gabba gabba) -
Answers - Sing street
Plato felt that the fundamental key in the development of an economy was - Answers -
More things are produced and better and more easily when one man performs one task
according to nature at the right moment and at leisure from other occupations
(T/F) Adam smith believed that the individuals act in their own self-interest because they
know that this will lead to the greatest good for society as a whole - Answers - False
(T/F) during lecture, professor Hendricks noted some similarities between the logic
profession from an inquiry into the nature and causes of the wealth of nations by Adam
smith and the popular children's book "if you give a mouse a cookie" - Answers - False-
Plato
During lecture we watched a brief video that Friedman narrated to illustrate basic free
market principles. In the video he indicated these pre in piles are quite simple and easily
understood when thinking about the production of____ - Answers - Pencils
(t/f)The key point in the Friedman doctrine is that in her capacity as a corporate exec,
the manager is the agent of the individuals who own the corporation, and her primary
responsibility is to conduct the business in accordance with their desires - Answers -
True
Who would agree with this quote "I believe that with great wealth comes great
responsibility, a responsibility to give back to society and a responsibility to see that
resources are put to work in the best possible way to help the most in need - Answers -
Carnegie
Without____, pavilions indicates that it is impossible for merchants "to conduct their
business for they would have no rest and their minds would always be troubled" -
Answers - Systematically arranging all transactions
(t/F) Defoe indicates that if it is too tedious to keep books exact, partial book keeping
still provides many benefits to the merchant - Answers - False- all or nothing
What songs does Hendricks listen to the most - Answers - Stick season (Noah kahan)
, To find cash - Answers - Add (borrowed + received cash from stock)- subtract( wages,
equipment, rent)+ add(collected money)
Assets - Answers - Cash+amount left on rent+amount left of equipment+ (revenue-
collected)
One plausible explanation for Du Bois observation that the value of farms in Dougherty
County, GA decreasing from 3 million in 1860 to 2 million in 1870 is that emancipation
of the slaves led the present value of cash flows for those farms to - Answers -
Decrease because the cost of labor increased
(T/F)Ayn rand, in atlas shrugged, believed that the problem with society is the love of
money, not money itself - Answers - False- it's not money or love of money
Net present value - Answers - Write out the years given, put cash flows under each
year, divide each by the discount rate^(power of the year), add them up, take out the
initial cash flow at beginning of problem
What name did professor Hendricks not get wrong - Answers - Tanja
(T/F)During lecture, professor Hendricks highlighted a recent report from the UN that
indicated there are fifty million people stuck in modern slavery, significant increase -
Answers - True
Equity stake worth on date - Answers - How much he invested+other equity from
investors. Sort the investment, get to the year, take out the debt, then take the percent
the person owns
Which if the following metrics was not a key performance indicator for any round of the
market games simulation - Answers - Net income
Find valuation using revenue multiple - Answers - Services valued multiplied by revenue
multiple
Jimmy V noted we should do several things everyday, even including this advice in his
headstone, which of the following things was not on his list - Answers - Exercise
Porters five forces determine the competitive structure of an industry, and its
profitability. Which of the following was not one of the five forces highlighted by Porter? -
Answers - Access to capital
Porter's Five Forces - Answers - threat of entry, threat of substitute, supplier power,
buyer power, and competitive rivalry
