INTRODUCTION TO BUSINESS FINAL EXAM QUESTIONS AND ANSWERS 2025
Product Placement - (ANSWER)Promotional tactic for brand exposure in which characters in television,
film, music, magazines or video games use a real product with its brand visible to viewers.
Variable Cost - (ANSWER)Cost that changes with the quantity of a product produced and sold
fixed costs - (ANSWER)cost that is incurred regardless of the quantity of a product produced and sold.
markup - (ANSWER)the amount added to an items purchase cost to sell it at a profit
secured loan - (ANSWER)loan to fianace an asset, backed by the borrower pledging the asset as
collateral to the lender
unsecured loan - (ANSWER)loan for which collateral is not required
SWOT analysis - (ANSWER)Identification and analysis of organizational strengths, weaknesses,
environmental opportunities, and threats as part of strategy formulation.
Benefits - (ANSWER)Compensation other than wages and salaries
Performance Appraisal - (ANSWER)evaluation of an employee's job performance to determine the
degree to which the employee is performing effectively.
Distribution Mix - (ANSWER)Combination of distribution channels by which a firm gets its products to
end users.
supply - (ANSWER)the willingness and ability of producers to offer a good or service for sale
Ethics - (ANSWER)beliefs about what is right and wrong or good and bad in actions that affect others
, INTRODUCTION TO BUSINESS FINAL EXAM QUESTIONS AND ANSWERS 2025
Performance Behaviors - (ANSWER)the total set of work-related behaviors that the organization expects
employees to display
Social Responsibility - (ANSWER)the attempt of a business to balance its commitments to groups and
individuals in its environment, including customers, other businesses, employees, investors, and local
communities
Arbitration - (ANSWER)method of resolving a labor dispute in which both parties agree to submit to the
judgment of a neutral party
E-commerce (electronic commerce) - (ANSWER)use of the internet and other electronic mean for
retailing and business-to-business transactions
Personality - (ANSWER)the relatively stable set of psychological attributes that distinguish one person
from another
Information System Manager - (ANSWER)managers who are responsible for the systems used for
gathering, organizing, and distributing information
Stock - (ANSWER)Portion of ownership of a corporation
dividend - (ANSWER)payment to shareholders, on a per-share basis, out of the company's earnings
Data Mining - (ANSWER)the application of electronic technologies for searching, sifting, and reorganizing
pools of data to uncover useful information.
Target Market - (ANSWER)the particular group of people or organizations to which a firm's marketing
efforts are focused
demand - (ANSWER)the willingness and ability of buyers to purchase a good or service
Product Placement - (ANSWER)Promotional tactic for brand exposure in which characters in television,
film, music, magazines or video games use a real product with its brand visible to viewers.
Variable Cost - (ANSWER)Cost that changes with the quantity of a product produced and sold
fixed costs - (ANSWER)cost that is incurred regardless of the quantity of a product produced and sold.
markup - (ANSWER)the amount added to an items purchase cost to sell it at a profit
secured loan - (ANSWER)loan to fianace an asset, backed by the borrower pledging the asset as
collateral to the lender
unsecured loan - (ANSWER)loan for which collateral is not required
SWOT analysis - (ANSWER)Identification and analysis of organizational strengths, weaknesses,
environmental opportunities, and threats as part of strategy formulation.
Benefits - (ANSWER)Compensation other than wages and salaries
Performance Appraisal - (ANSWER)evaluation of an employee's job performance to determine the
degree to which the employee is performing effectively.
Distribution Mix - (ANSWER)Combination of distribution channels by which a firm gets its products to
end users.
supply - (ANSWER)the willingness and ability of producers to offer a good or service for sale
Ethics - (ANSWER)beliefs about what is right and wrong or good and bad in actions that affect others
, INTRODUCTION TO BUSINESS FINAL EXAM QUESTIONS AND ANSWERS 2025
Performance Behaviors - (ANSWER)the total set of work-related behaviors that the organization expects
employees to display
Social Responsibility - (ANSWER)the attempt of a business to balance its commitments to groups and
individuals in its environment, including customers, other businesses, employees, investors, and local
communities
Arbitration - (ANSWER)method of resolving a labor dispute in which both parties agree to submit to the
judgment of a neutral party
E-commerce (electronic commerce) - (ANSWER)use of the internet and other electronic mean for
retailing and business-to-business transactions
Personality - (ANSWER)the relatively stable set of psychological attributes that distinguish one person
from another
Information System Manager - (ANSWER)managers who are responsible for the systems used for
gathering, organizing, and distributing information
Stock - (ANSWER)Portion of ownership of a corporation
dividend - (ANSWER)payment to shareholders, on a per-share basis, out of the company's earnings
Data Mining - (ANSWER)the application of electronic technologies for searching, sifting, and reorganizing
pools of data to uncover useful information.
Target Market - (ANSWER)the particular group of people or organizations to which a firm's marketing
efforts are focused
demand - (ANSWER)the willingness and ability of buyers to purchase a good or service
