AFM 132

AFM 132 PRACTICE MIDTERM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED GRADED A++ Which of the following is not a reason to become an entrepreneur Be your own boss and be successful with minimal effort Flexible schedule Define your own success Willingness to improve the world through innovating or investing (or both) All of the above are true John is looking to buy an established business. Which of these is not a question he should ask himself before buying it? a) Why is it up f...

AFM132 - FINAL EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE Bonds Loans issued by a corporation that must be repaid. When a company issues a bond, it essentially grants an IOU ("I owe you") to a borrower with a promise to repay (principal and interest) by a specific date. Common shares A class of shares that allow the shareholder to become part owner of the company, and are granted a right to vote on issues that may impact the future direction of the co...

AFM 132 FINAL PREP EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE Emotional Quotient (EQ) Softs skills, self awareness, self control, seeing vast perspectives Intrapreneurship Entrepreneur activity within a business, using existing resources and reputation Favourable balance of trade (trade surplus) When exports are greater than imports. Unfavourable balance of trade (trade deficit): When imports are greater than exports. Business An activity that you int...

AFM 132 MIDTERM EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE balance of trade The relationship between importing and exporting favourable balance of trade (trade surplus) When exports are greater than imports. unfavourable balance of trade (trade deficit) When imports are greater than exports. business An activity that you intend to carry on for profit (e.g., providing goods and services). comparative advantage Countries should sell (export) what they c...

AFM 132 - BREAKDOWN EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE Emotional Intelligence (EQ) Measure of technical aptitude and social intelligence. How to become future-proof? Digital Literacy Entrepreneurial Abilities Social Intelligence Ethics and Corporate Social Responsibility Businesses influence day-to-day lives through products/services we rely on and consumers can demand they help the society in how they operate. How can businesses help society? ...

AFM 132 CHAPTER 6 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ Velocity - Incepted in 2008 - Most productive startup incubator in Canada - Helps students take their ideas and turn them into a business What you'll learn at the beginning of your career - Learning what you're passionate about - Building your technical abilities - Expanding your skills - Gaining exposure to a variety of organizational cultures that support how employees connect and get work done. T...

AFM 132 MIDTERM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE GRADE A++ John is looking to buy an established business. Which of these is not a question he should ask himself before buying it? a) Why is it up for sale? b) How much should I be paying? c) Will I have a lot of control over the business? d) None of the above c) Will I have a lot of control over the business? All of these are good reasons to become an entrepreneur, except... a) Wanting to define one...

AFM 132 MIDTERM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE Companies need to consider when conducting international business: - competition for customers - business decisions - employment Toolkit to be come future proof (5) 1. digital literacy 2. entrpreneurial abilities 3. intrapreneurship 4. Social Intelligence 5. emotional intelligence/eq Why was business activity and trades of goods and services challenging in canada: 1. large land mass 2. complicat...

AFM 132 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE At the surface, a business model can suggest how a company intends to make money. True Decisions made around marketing, operations, human resources, finances, and accounting, will vary at the following business stages, EXCEPT: survival At a high level, the Business Model Canvas considers all of the following, EXCEPT: classifying value All of the following building blocks of the Business Model Canvas look...

AFM 132 MIDTERM EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE How have businesses had to adapt in response to crises, such as the pandemic? 1.1 Businesses have had to adapt quickly to crises by changing operational methods and integrating new technologies rapidly. What is the significance of the exponential pace of change in the workplace? 1.1 The exponential pace of change affects the workplace by necessitating constant adaptation and evolution in skills, pro...