\nVisit Below Link, To Download This Course:\n\nhttps://www.tutorialsservice.net/product/busn-115-week-2-quiz-latest-devry/\n\nOr \nEmail us on\nSUPPORT@TUTORIALSSERVICE.NET\n\nBUSN 115 Week 2 Quiz Latest-DeVry\nBUSN115\nBUSN 115 Week 2 Quiz Latest-DeVry\nQuestion 1:(TCO 1) A(n) _____ is a framework of how a business intends to generate revenue.\n• business model\n• strategic management tool\n• profitability analysis\n• competitive advantage\n• entrepreneurial mindset\nQuestion 2: (TCO 1) Which of the following statements is true regarding business mindset?\n• It involves seeing the business from the outside in.\n• It is incompatible with corporate responsibility.\n• It involves appreciating the challenges a company faces in satisfying customer needs.\n• It involves acknowledging that businesses always benefit society.\n• It involves ignoring one’s customer experiences.\n
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BUSN 115 Week 2 Quiz Latest-DeVry
BUSN 115 Week 2 Quiz Latest-DeVry
Question 1:(TCO 1) A(n) _____ is a framework of how a business intends to generate revenue.
strategic management tool
Question 2: (TCO 1) Which of the following statements is true regarding business mindset?
It involves seeing the business from the outside in.
It is incompatible with corporate responsibility.
It involves appreciating the challenges a company faces in satisfying customer needs.
It involves acknowledging that businesses always benefit society.
It involves ignoring one’s customer experiences.
Question 3. (TCO 1) Which of the following positions would be responsible for establishing the long-term
financial goals of the company, investing its funds and raising capital for the business?
Chief information officer
Question 4. (TCO 1) Which of the following is a characteristic feature of economic contraction?
Decreased unemployment rates
Decreased consumer spending
Question 5. (TCO 1) _____ is a steady rise in the average prices of goods and services throughout the
Question 6. (TCO 1) _____ taxes are levied on earnings of individuals to help fund Social Security,
Medicare, and unemployment compensation.
Question 7. (TCO 1) _____ intelligence involves reasoning, problem solving, memorization, and other
Question 8. (TCO 1) The overall plan might be supported at the next level down by such plans as a
research and development plan, a manufacturing plan, and a marketing plan. Such functional plans are
called _____ plans.
Question 9. (TCO 1) The first step in managing organizational change is _____.
monitoring continued progress of the change effort
identifying the need for change
reinforcing the changed behavior
analyzing the forces acting against the change
choosing the technique to be used in instituting the change
Question 10. (TCO 2) _____ limit the amount of particular goods that countries allow to be imported
during a given year.
Restrictive import standards
Question 11. (TCO 2) The North American Free Trade Agreement (NAFTA) was formed by the United
States, Canada, and _____.
Question 12. (TCO 2) Transparency International is a(n) _____.
accounting agency that promotes the use of unified accounting systems across the world
watchdog group that works to reduce business-government corruption around the world
agency that works toward implementing protectionist regimes across the globe
agency of the United Nations that is formed to mediate international negotiations
agency of the United Nations that is formed to investigate transparency issues in international
Question 13. (TCO 2) _____ are the principles and standards of moral behavior that are accepted by
society as right versus wrong.
Question 14. (TCO 2) Which of the following is an example of whistle-blowing?
An employee discloses confidential information about the company to a rival firm for personal
An employee suggests some process changes to his manager that he claims will increase the
productivity of the team.
An employee avoids taking ownership of his mistakes by blaming it on his coworkers.
An employee informs the manager that some of his team members are misusing confidential
customer details from the company database.
An employee who is unsatisfied with his performance appraisal requests his manager for a re-
evaluation of his performance.
Question 15. (TCO 2) Which of the following statements is true regarding ethical decision making?
When an employee is unable to make a decision because more than one side of an issue can be
supported with valid arguments, it is called an ethical lapse.
The disclosure of information by a company insider that exposes unethical behavior by others
within the organization is called an ethical lapse.
Stakeholders’ needs often conflict, requiring managers to make tough decisions about resource
Making objective decisions will lead to ethical lapses.
When the question of what is right and what is wrong is clear, ethical decisions are easy to