BAM Exam Review questions well
answered graded A+
Whistle Blowers - ANS ✔a person who informs on a person or organization engaged in an illicit
activity.
Outsourcing - ANS ✔Having some other person/Firm do some activity which is part of your
business operation. Delivering product, arranging events, recruiting, developing advertising.
Ethics - ANS ✔Moral principles that govern a person's or group's behavior.
Social Responsibility - ANS ✔the idea that businesses should balance profit-making activities
with activities that benefit society; it involves developing businesses with a positive relationship
to the society in which they operate.
Entrepreneur Intrepreneur - ANS ✔An intrapreneur is an inside entrepreneur, or an
entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks
associated with those activities. Intrapreneurs are usually employees within a company who are
assigned to work on a special idea or project, and they are instructed to develop the project like
an entrepreneur would. Intrapreneurs usually have the resources and capabilities of the firm at
their disposal.
GNP GDP - ANS ✔(Gross National Product) (Gross Domestic Product)
PDOC - ANS ✔Planing, Directing, Organizing, Controlling
Oligopoly - ANS ✔When on industry has only a handful of very large sellers,.
answered graded A+
Whistle Blowers - ANS ✔a person who informs on a person or organization engaged in an illicit
activity.
Outsourcing - ANS ✔Having some other person/Firm do some activity which is part of your
business operation. Delivering product, arranging events, recruiting, developing advertising.
Ethics - ANS ✔Moral principles that govern a person's or group's behavior.
Social Responsibility - ANS ✔the idea that businesses should balance profit-making activities
with activities that benefit society; it involves developing businesses with a positive relationship
to the society in which they operate.
Entrepreneur Intrepreneur - ANS ✔An intrapreneur is an inside entrepreneur, or an
entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks
associated with those activities. Intrapreneurs are usually employees within a company who are
assigned to work on a special idea or project, and they are instructed to develop the project like
an entrepreneur would. Intrapreneurs usually have the resources and capabilities of the firm at
their disposal.
GNP GDP - ANS ✔(Gross National Product) (Gross Domestic Product)
PDOC - ANS ✔Planing, Directing, Organizing, Controlling
Oligopoly - ANS ✔When on industry has only a handful of very large sellers,.
