BUSMHR 2292 - OSU MIDTERM 1 QUESTIONS AND ANSWERS GRADED A+
Automazation - Answers incentive for lower prices
How do you google search with a country code? - Answers site: country code
What does SWOT Analysis stand for? - Answers Strengths, weaknesses, opportunities, threats
What is Wolfram Alpha? - Answers knowledge engine that compares two subjects
What is the purpose of a SWOT analysis? - Answers understand how internal conditions
contribute to an organization's strengths and weaknesses
What are the five stages of Tuckman's model? - Answers Form, storm, norm, perform, adjourn
What is the forming stage? - Answers just meeting team, high reliance on a leader, people don't
know their roles
What is the storming stage? - Answers members are dividing roles up
What is the norming stage? - Answers begin to understand members' strengths/weaknesses,
reliance on a leader decreases
What is the performing stage? - Answers delivering consistent positive results
What is the adjourning stage? - Answers group departs
What is social loafing? - Answers hiding in a large group where dependability and clarity is more
difficult
What is "group think"? - Answers a dominating leader throws out an idea and everyone goes
along with it
What are the five levels to team pitfalls (base to top)? - Answers Absence of trust, fear of
conflict, lack of commitment, avoidance of accountability, inattention to results
What is the unconscious bias? - Answers making biases without even knowing
What is the confirmation bias? - Answers stereotype you seek out so you're right
What is the beauty bias? - Answers attractive people do better and are favored
What is the affinity bias? - Answers attraction due to association with the same groups
What is the halo effect? - Answers giving more credit than due based on outstanding
performance in one aspect
What is the horn effect? - Answers giving less credit than due based on poor performance in one
aspect
, What is the attribution bias? - Answers something positive happens and claim it was because of
you, but attribution goes to others when things go bad
What is the recency effect? - Answers last thing sticks out more
What are the factors of production? - Answers land, labor, capital, entrepreneurs, knowledge
What is an economic system? - Answers means by which countries and government distributes
resources and trades g/s
What is a planned economy? - Answers government decides how FOP are used
What is a market economy? - Answers people decide how FOP are used
What is a mixed economy? - Answers combination of market and planned
How do we reaffirm capitalism? - Answers return to conducting business with virtue, restore
values
2 ways we measure the health of the economy - Answers GDP and unemployment
What does a U6 include that U3 doesn't? - Answers includes those who are not actively looking
for work but want work and those who are working part-time and want more work
What is crowd funding? - Answers Kickstarter
What are angel investors? - Answers group of high wealth investors at an early stage
What is venture capital? - Answers decide how much to invest and in small companies, they
receive a % of the company
What is an initial public offering? - Answers give people the opportunity to buy stock in their
company
What are apostles? - Answers those who swear by a product and get others to purchase it
i.e. Ty and Donato's pizza
What are loyalists? - Answers people who are loyal to a product but don't necessarily advocate
others to purchase it
i.e. Apple products
What are hostages? - Answers people who are loyal to a product but don't like it and are forced
to consume
i.e. Comcast, utilities
What are mercenaries? - Answers highly satisfied with a product, but isn't extremely loyal to a
Automazation - Answers incentive for lower prices
How do you google search with a country code? - Answers site: country code
What does SWOT Analysis stand for? - Answers Strengths, weaknesses, opportunities, threats
What is Wolfram Alpha? - Answers knowledge engine that compares two subjects
What is the purpose of a SWOT analysis? - Answers understand how internal conditions
contribute to an organization's strengths and weaknesses
What are the five stages of Tuckman's model? - Answers Form, storm, norm, perform, adjourn
What is the forming stage? - Answers just meeting team, high reliance on a leader, people don't
know their roles
What is the storming stage? - Answers members are dividing roles up
What is the norming stage? - Answers begin to understand members' strengths/weaknesses,
reliance on a leader decreases
What is the performing stage? - Answers delivering consistent positive results
What is the adjourning stage? - Answers group departs
What is social loafing? - Answers hiding in a large group where dependability and clarity is more
difficult
What is "group think"? - Answers a dominating leader throws out an idea and everyone goes
along with it
What are the five levels to team pitfalls (base to top)? - Answers Absence of trust, fear of
conflict, lack of commitment, avoidance of accountability, inattention to results
What is the unconscious bias? - Answers making biases without even knowing
What is the confirmation bias? - Answers stereotype you seek out so you're right
What is the beauty bias? - Answers attractive people do better and are favored
What is the affinity bias? - Answers attraction due to association with the same groups
What is the halo effect? - Answers giving more credit than due based on outstanding
performance in one aspect
What is the horn effect? - Answers giving less credit than due based on poor performance in one
aspect
, What is the attribution bias? - Answers something positive happens and claim it was because of
you, but attribution goes to others when things go bad
What is the recency effect? - Answers last thing sticks out more
What are the factors of production? - Answers land, labor, capital, entrepreneurs, knowledge
What is an economic system? - Answers means by which countries and government distributes
resources and trades g/s
What is a planned economy? - Answers government decides how FOP are used
What is a market economy? - Answers people decide how FOP are used
What is a mixed economy? - Answers combination of market and planned
How do we reaffirm capitalism? - Answers return to conducting business with virtue, restore
values
2 ways we measure the health of the economy - Answers GDP and unemployment
What does a U6 include that U3 doesn't? - Answers includes those who are not actively looking
for work but want work and those who are working part-time and want more work
What is crowd funding? - Answers Kickstarter
What are angel investors? - Answers group of high wealth investors at an early stage
What is venture capital? - Answers decide how much to invest and in small companies, they
receive a % of the company
What is an initial public offering? - Answers give people the opportunity to buy stock in their
company
What are apostles? - Answers those who swear by a product and get others to purchase it
i.e. Ty and Donato's pizza
What are loyalists? - Answers people who are loyal to a product but don't necessarily advocate
others to purchase it
i.e. Apple products
What are hostages? - Answers people who are loyal to a product but don't like it and are forced
to consume
i.e. Comcast, utilities
What are mercenaries? - Answers highly satisfied with a product, but isn't extremely loyal to a
