BUSI 100 FINAL EXAM QUESTIONS WITH ACCURATE
ANSWERS
"In todays fast changing world, its not so much what you know anymore that
counts, because often what you know is old, it is how fast you can learn" This
John Kotter quote is most closely related to which passage from "The Art of War"
A. All warfare is based on deception
B. Do not repeat tactics which have gained you one victory, but let your methods
be regulated by the infinite variety of circumstances
C. Now in order to kill the enemy, our men must be roused to anger: that there
may be advantage fro defeating the enemy, they must have their rewards
D. The clever combatant looks to the effect of combined energy, and does not
require too much from individuals
E. To secure ourselves against defeat lies in our own hands, but the opportunity of
defeating the enemy is provided by the enemy himself correct answer B. Do not
repeat tactics which have gained you one victory, but let your methods be
regulated by the infinite variety of circumstances
A firms revenue minus its _____ equals net income.
A. Assets
B. Equity
C. Expenses
D. Liabilities
E. None correct answer C. Expenses
According to "My Life and Work" by Henry Ford, what was the impact of
specialized machinery on the production process?
A. It increased the need for skilled labor
,B. It made each unit of production more expensive.
C. It reduced the necessity for skilled labor in certain processes.
D. It had no significant impact on production correct answer C. It reduced the
necessity for skilled labor in certain processes.
According to the story of Gyges, as told by Plato, if given the opportunity, both
just and unjust men would act in the same way due to their innate nature.
True
False correct answer True
Adam Smith believed that individuals act in their own self interest because they
know that this will lead to the greatest good for security as a whole.
True
False correct answer False
Another name for the triple bottom line, as described in your Slaper and Hall
reading, is the "Three P's." Which of the following "P" is not included as a
construct in this measure?
A. People
B. Planet
C. Profits
D. Purpose correct answer D. Purpose
As indicated by Slaper and Hall, the triple bottom line concept is useful because it
allows firms to use the same unit of measure for each of the three dimensions
(profits, people, and planet).
, True
False correct answer False
Attending trade shows is the most cost-effective way to market to smaller
customers.
True
False correct answer False
Ayn Rand, in Atlas Shrugged, believed that the problem with society is the love of
money, not money itself
True
False correct answer True
BradCo, a small airline reports $5 million in revenue, $4 million in expenses, $3
million of assets, $2 million of liabilities, and $1 million of equity. Assuming the
revenue multiple for airlines is 1.5, what is an appropriate valuation for BradCo?
A. $7.5 million
B. $6 million
C. $3 million
D. $1.5 million
E. None correct answer A. $7.5 million
Cicero writes of a debate between Antimatter and Diogenes about whether it is
immoral for sellers to conceal facts from buyers. At the end of this debate,
Antipater and Diogenes agree that the concealing such information is immoral.
True
ANSWERS
"In todays fast changing world, its not so much what you know anymore that
counts, because often what you know is old, it is how fast you can learn" This
John Kotter quote is most closely related to which passage from "The Art of War"
A. All warfare is based on deception
B. Do not repeat tactics which have gained you one victory, but let your methods
be regulated by the infinite variety of circumstances
C. Now in order to kill the enemy, our men must be roused to anger: that there
may be advantage fro defeating the enemy, they must have their rewards
D. The clever combatant looks to the effect of combined energy, and does not
require too much from individuals
E. To secure ourselves against defeat lies in our own hands, but the opportunity of
defeating the enemy is provided by the enemy himself correct answer B. Do not
repeat tactics which have gained you one victory, but let your methods be
regulated by the infinite variety of circumstances
A firms revenue minus its _____ equals net income.
A. Assets
B. Equity
C. Expenses
D. Liabilities
E. None correct answer C. Expenses
According to "My Life and Work" by Henry Ford, what was the impact of
specialized machinery on the production process?
A. It increased the need for skilled labor
,B. It made each unit of production more expensive.
C. It reduced the necessity for skilled labor in certain processes.
D. It had no significant impact on production correct answer C. It reduced the
necessity for skilled labor in certain processes.
According to the story of Gyges, as told by Plato, if given the opportunity, both
just and unjust men would act in the same way due to their innate nature.
True
False correct answer True
Adam Smith believed that individuals act in their own self interest because they
know that this will lead to the greatest good for security as a whole.
True
False correct answer False
Another name for the triple bottom line, as described in your Slaper and Hall
reading, is the "Three P's." Which of the following "P" is not included as a
construct in this measure?
A. People
B. Planet
C. Profits
D. Purpose correct answer D. Purpose
As indicated by Slaper and Hall, the triple bottom line concept is useful because it
allows firms to use the same unit of measure for each of the three dimensions
(profits, people, and planet).
, True
False correct answer False
Attending trade shows is the most cost-effective way to market to smaller
customers.
True
False correct answer False
Ayn Rand, in Atlas Shrugged, believed that the problem with society is the love of
money, not money itself
True
False correct answer True
BradCo, a small airline reports $5 million in revenue, $4 million in expenses, $3
million of assets, $2 million of liabilities, and $1 million of equity. Assuming the
revenue multiple for airlines is 1.5, what is an appropriate valuation for BradCo?
A. $7.5 million
B. $6 million
C. $3 million
D. $1.5 million
E. None correct answer A. $7.5 million
Cicero writes of a debate between Antimatter and Diogenes about whether it is
immoral for sellers to conceal facts from buyers. At the end of this debate,
Antipater and Diogenes agree that the concealing such information is immoral.
True
