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Exam (elaborations)
BUS 101 CHAPTER 10-13 EXAM QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE 2026
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---6April 20262025/2026A+
- BUS 101 CHAPTER 10-13 EXAM QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE 2026 
 
Financial Management - Answers corporate finance, internal finance or business finance 
Financial Institutions - Answers employed by firms that specialize in financial products, such as banking, insurance and leasing 
Investments - Answers careers related to the securities markets and the investment activities of individuals, firms and other organizations 
Risk return trade-off - Answers Individuals prefer more c...
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joshuawesonga22
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Exam (elaborations)
QUIZ 4 BUS-101 QUESTIONS WITH COPRRECT ANSWERS LATEST UPDATE 2026 

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---2April 20262025/2026A+
- QUIZ 4 BUS-101 QUESTIONS WITH COPRRECT ANSWERS LATEST UPDATE 2026 
 
Accounting - Answers recording, classifying, summarizing, and interpreting of financial events and transactions to provide management and others interested the information they need to make good decisions. 
GAAP (Generally Accepted Accounting Principles) - Answers Accounting Rules to be followed in the US. 
accounting cycle - Answers a 6 step procedure that results in the preparation and analysis of the major financial state...
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joshuawesonga22
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Exam (elaborations)
BUS 101 EXAM #1 - CHAPTERS 1-5 QUESTIONS WITH VERIFIED ANSWERS LATEST UPDATE 2026
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---3April 20262025/2026A+
- BUS 101 EXAM #1 - CHAPTERS 1-5 QUESTIONS WITH VERIFIED ANSWERS LATEST UPDATE 2026 
 
tangible products - Answers goods (ex. shoes, vegetables, phones) 
intangible products - Answers services (ex. health care, education) 
mission statement - Answers powerful, short description of a business's purpose; broadly focused to ensure endurance, and must be flexible 
vision statement - Answers company's "road map"; points to future and where business is trying to go 
stakeholders - Answe...
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TutorJosh
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Exam (elaborations)
BUS 101 Chapter 7 Exam questions and answers Graded A+
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---11April 20262025/2026A+
- BUS 101 Chapter 7 Exam questions and 
answers Graded A+ 
Which of the following is the best example of a technical skill that managers must 
possess? - C) ability to prepare a formal profit and loss statement 
Systems thinking ability refers to the ability to understand the relationship 
between components and the larger output. Systems thinking ability is an 
example of a(n) ________ skill. - B) conceptual 
Providing leadership and building relationships is part of the ________ role of ...
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DrJOHNJAMES
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Exam (elaborations)
BUS 101 Chapter 7 Structuring Organizations Exam questions and answers Graded A+
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---20April 20262025/2026A+
- BUS 101 Chapter 7 Structuring Organizations 
Exam questions and answers Graded A+ 
True or false: The key to success for companies during times of change is to stay 
the course rather than try to adapt. - False 
Regardless of the size of the organization, what two principles of organizing will 
stay the same? - 1. dividing up the tasks to be done 
2. deciding what work needs to be done 
You and a friend start a snow cone stand. On your first day you realize that there 
are really two tas...
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DrJOHNJAMES
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Exam (elaborations)
BUS 101 Exam questions and answers Graded A+
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---6April 20262025/2026A+
- BUS 101 Exam questions and answers Graded 
A+ 
Classified Balance Sheet - Balance sheet that groups together similar 
assets, liabilities, and stockholders equity using classifications and sections. 
Current assets - Assets that a company expects to convert to cash or use up 
within one year or the operating cycle. 
Current liabilities - Obligations that a company expects to pay within the 
next year or operating cycle. 
Current ratio - A measure of liquidity shown by (current assets/cur...
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DrJOHNJAMES
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Exam (elaborations)
BUS 101 Exam questions and answers Graded A+
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---4April 20262025/2026A+
- BUS 101 Exam questions and answers Graded 
A+ 
planning 
A management function that includes anticipating trends and determining the 
best strategies and tactics to achieve organizational goals and objectives. 
organizing 
A management function that includes designing the structure of the organization 
and creating conditions and systems in which everyone and everything work 
together to achieve the organization's goals and objectives. 
leading 
Creating a vision for the organizatio...
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DrJOHNJAMES
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Exam (elaborations)
BUS 101 Midterm Part 1 (of 7) Exam questions and answers Graded A+
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---7April 20262025/2026A+
- BUS 101 Midterm Part 1 (of 7) Exam questions 
and answers Graded A+ 
Board of Directors - - Assess the overall direction and strategy of the 
business - Are at the absolute top of the corporate chain, and their responsibilities include: 
+ Recruiting, training, supervising, and firing executive level management 
positions, such as CEO, CFO, and COO. 
+ Providing the vision and direction for the company. 
+ Fiduciary responsibility in regards to both the company's assets and the 
inves...
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DrJOHNJAMES
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Exam (elaborations)
BUS 101 Unit 5 Exam questions and answers Graded A+
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---4April 20262025/2026A+
- BUS 101 Unit 5 Exam questions and answers 
Graded A+ 
______________ supply products to industrial, retail, and institutional users for 
resale or for use in making other products. - wholesalers 
excluding farmworkers, the service sector accounts for what percentage of jobs in 
the United States? - 80% 
Juanita makes organic salsa that she sells directly to stores around the country. 
She customizes the salsa to her customers' tastes. For example, she makes peach 
salsa for her custom...
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DrJOHNJAMES