Sophia: Introduction To Business – FINAL MILESTONE

1 Which of the following best illustrates a substitute good? CONCEPT Basics of Branding 2 Meredith created organic soaps and lotions and sold them at her local farmers' market. She originally only accepted cash or checks from her customers, but she recently updated her booth space so that her customers could make electronic payments using debit or credit cards. Which of the following types of service did Meredith begin using? CONCEPT Financial Institutions and Their Services 3 In modern times, companies need to be socially responsible toward various stakeholders. When a company ensures that its products will not cause personal injury when used, the company is demonstrating particular consideration to which stakeholder? CONCEPT Models of Social Responsibility and Considering the Stakeholder 4 Select the item below that is a characteristic of holistic marketing. CONCEPT Evolution of Marketing 5 Jill owned a small business in California. The state passed new legislation that required all small businesses to use new measures to protect the personal, financial and health information of both customers and employees. Jill's business will be impacted by which external business environment below? CONCEPT Business Environments 6 Which of the following is a disadvantage of a sole proprietorship? CONCEPT Non-Corporate Business 7 A toy company created a new truck to offer to consumers. Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck? CONCEPT Supply and Demand Economics 8 Preston was assigned a project by his supervisor. He was already overloaded with work, but he decided to do it himself rather than giving some of the tasks to his employees. He did not want his supervisor to realize his staff could handle the same level of tasks as he could. Which of the following is true about Preston's delegation efforts? CONCEPT Decision Making 9 Rita managed a group of financial advisors. She decided to let her employees set their own goals for an appraisal period. She thought they would be more motivated to reach goals they had defined for themselves. Which theory below does this scenario illustrate? CONCEPT Contemporary Motivation Theories 10 In which of the following ways does Human Resource Management use forecasting?