SOPHIA PATHWAYS
Introduction to Business
Final Milestone
1
The management of a company uses an impartial third party to resolve a dispute it has with some
of its employees.
1-Which of the following does this scenario describe?
Mediation
Grievance
Bargaining
Arbitration
CONCEPT
Labor Unions2
A large home improvement retail chain planned to expand its business to include several stores
focused on high-end home furnishings and fixtures. The management knew the chosen financing
option would be more expensive to administer and take more time to arrange. However, the
company felt it could benefit from a longer repayment period of at least 20 years.
2-Which of the following types of financing did the company use?
Corporate bond
Long term loan
Stock offering
Venture capitalist
CONCEPT
, Debt Financing3
3-Which of the following is an example of a trade deficit?
China exports more goods to the United States than the US exports to China.
China can produce clothing more efficiently than the United States.
The United States imports more goods from China than China imports from the US.
China and the United States both import and export the same amount of goods to one
another.
CONCEPT
Global Economy4
Guy wanted to buy the latest gaming system to fit in with his friends at school.
4-Which type of consumer behavior influence below does this illustrate?
Cultural
Psychological
Social
Personal
CONCEPT
Consumer Behavior
Wilson was well-liked by the employees he managed, as well as by his peers. He made an effort
to get to know the people he worked with on a personal level. He made sure he interacted with
the key players of his company any time an opportunity arose.
5-Which personality trait below does Wilson demonstrate?
High openness
High extroversion
High agreeableness
Low neuroticism
CONCEPT
“Big Five” Personality Traits6
Martin started a custom frame shop after retiring as an engineer. He was a skilled craftsman and
knew there was a market in his small town for this business. He focused on serving his customers
and maintaining the daily operations of his business.
6-Which of the following would Martin be considered?
Small business owner
Business partner
Corporate owner
Entrepreneur
Introduction to Business
Final Milestone
1
The management of a company uses an impartial third party to resolve a dispute it has with some
of its employees.
1-Which of the following does this scenario describe?
Mediation
Grievance
Bargaining
Arbitration
CONCEPT
Labor Unions2
A large home improvement retail chain planned to expand its business to include several stores
focused on high-end home furnishings and fixtures. The management knew the chosen financing
option would be more expensive to administer and take more time to arrange. However, the
company felt it could benefit from a longer repayment period of at least 20 years.
2-Which of the following types of financing did the company use?
Corporate bond
Long term loan
Stock offering
Venture capitalist
CONCEPT
, Debt Financing3
3-Which of the following is an example of a trade deficit?
China exports more goods to the United States than the US exports to China.
China can produce clothing more efficiently than the United States.
The United States imports more goods from China than China imports from the US.
China and the United States both import and export the same amount of goods to one
another.
CONCEPT
Global Economy4
Guy wanted to buy the latest gaming system to fit in with his friends at school.
4-Which type of consumer behavior influence below does this illustrate?
Cultural
Psychological
Social
Personal
CONCEPT
Consumer Behavior
Wilson was well-liked by the employees he managed, as well as by his peers. He made an effort
to get to know the people he worked with on a personal level. He made sure he interacted with
the key players of his company any time an opportunity arose.
5-Which personality trait below does Wilson demonstrate?
High openness
High extroversion
High agreeableness
Low neuroticism
CONCEPT
“Big Five” Personality Traits6
Martin started a custom frame shop after retiring as an engineer. He was a skilled craftsman and
knew there was a market in his small town for this business. He focused on serving his customers
and maintaining the daily operations of his business.
6-Which of the following would Martin be considered?
Small business owner
Business partner
Corporate owner
Entrepreneur
