busi 311

BUSI 311 QUESTIONS AND ANSWERS EXAM LATEST UPDATE.Buy Quality Materials! The relatively low federal tax rate In the context of the U.S. economic environment, which of the following is a government policy that supports business? find a career they love as it will tend to be more rewarding. When making a career choice, experts often advise graduating students to: industrial revolution During the _____, as mass production took hold, huge factories replaced skilled artisan workshops. Fact...

BUSI 311 FINAL QUESTIONS AND ANSWERS EXAM LATEST UPDATE.Buy Quality Materials! VRIO Framework Analyzes value, rarity, imitability, and organization of firm resources Factors Influencing Foreign Exchange Rates inflation interest rates economic growth political stability and geopolitical events Foreign Exchange Rate Price of one currency in terms of another What determines the foreign exchange rate? 1. Relative price differences & PPP 2. Interest rates and money supply 3. Product...

BUSI 311 CHAPTER 4 QUESTIONS AND ANSWERS EXAM LATEST UPDATE.Buy Quality Materials! ____ is the strategy of deliberately designing products to fail in order to shorten the time between purchases. Planned obsolescence The starting point for socially responsible employers is to: meet legal standards. In the context of responsibility to the community, which of the following statements is true of corporate philanthropy? It includes all business donations to nonprofit groups. To bring a cod...

BUSI 311 MIDTERM QUESTIONS AND ANSWERS EXAM LATEST UPDATE.Buy Quality Materials! Required for enterprise 2.0 1. multi path communication Organizational Hierarchies 2. Address the Generation gap 3. Organizational COntext 4. Change Management 5. Executive support 6. Security 7. Technological integration What are the characteristics of web 2.0? 1. Interactive 2. Participatory 3. Mixable (can integrate with different technology) Identify 3 characteristics that websites must have to en...

BUSI 311 CHAPTER 4 QUESTIONS AND ANSWERS EXAM LATEST UPDATE.Buy Quality Materials! The institution-based view deals with what elements in the SWOT analysis? a. External strengths and weaknesses b. The institution-based view deals with what elements in the SWOT analysis? c. Internal strengths and threats d. Internal weaknesses and opportunities not a According to the VRIO framework, non-value-adding resources and capabilities will lead to what for a firm? a. A competitive disadva...

BUSI 311 CHAPTER 1 QUESTIONS AND ANSWERS EXAM LATEST UPDATE.Buy Quality Materials! Evaluating the likelihood of the most disruptive events to a firm's operations is a basic part of __________. a. stakeholder management b. scenario planning c. liability development d. frugal innovation b. scenario planning Focusing on a firm's internal resources and capabilities is the main emphasis of the resource-based view. Select one: True False True Gross domestic product (GDP) is the...

BUSI 311 FINAL QUESTIONS AND ANSWERS EXAM LATEST UPDATE.Buy Quality Materials! GATT General Agreement on Tariffs and Trade ; created in 1948 WTO The World Trade Organization - an international body that enforces agreements that reduce barriers to international trade; successor to the GATT Eurpean Union (EU) Union of 27 trading partners in Europe What are some of the benefits to global integration? 1. Political (promote peace and confidence) 2. Economical (disputes are handled better...

BUSI 311 QUESTIONS AND ANSWERS EXAM LATEST UPDATE.Buy Quality Materials! A firm that has adopted an accommodative strategy for ethical challenges in business _____. a. admits responsibility but does the least that is required b. accepts responsibility and does all that is required c. anticipates institutional changes and does more than is required d. denies responsibility and does less than required b. accepts responsibility and does all that is required According to sociologist Max...

BUSI 311 CHAPTER 5 & 7 QUESTIONS AND ANSWERS EXAM LATEST UPDATE.Buy Quality Materials! Strategic Planning -the process of identifying a desired future state for an organization and a means to achieve it. -ongoing analysis of organizations operating environment, matched against its own internal capabilities, an organization's leadership is able to identify strategies that will be able to excel from present to the future. competitive advantage specific aspect of how an organization o...

BUSI 311 CHAPTER 5 & 6 QUESTIONS AND ANSWERS EXAM LATEST UPDATE.Buy Quality Materials! What principle advocated that governments should actively shield domestic industries from imports and vigorously promote exports? a. Factor endowment b. Absolute advantage c. Comparative advantage d. Protectionism d. Protectionism Which of the following is a primary cost of FDI to host countries? a. Capital inflow b. Loss of sovereignty c. Increase in competition between local firms d. Cap...