BUS155 week 4 midterm page 2

BUS155 week 4 midterm page 2 - 1....

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1. Question: (TCO 2) One problem of conducting a social audit is: Your Answer: that most  businesses are  really not very  concerned with  these issues. determining what  should be  measured and  how to calculate  the effect on  society. CORRECT the primary focus  of management is  on the interests of  stakeholders. governmental "red- tape."  Instructor Explanation: Chapter 4 Page 104 Points Received: 5 of 5 2. Question: (TCO 3) The U.S. government has announced a 5 million-pound annual limit on beef imported  from Argentina. This type of trade restriction is called a(n): Your Answer: Instructor Explanation: Chapter 3 Page 76
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Points Received: 5 of 5 3. Question: (TCO 3) A nation has a ___________ in the production of a good if it can produce that good more  effectively or efficiently than it can produce other goods. Your Answer: Instructor Explanation: Chapter 3 Page 61 Points Received: 5 of 5 4. Question: (TCO 3) Next year, in order to cut both time and cost in getting new styles to global markets, Rhett  plans to _________________ a few lines. Rhett will send his designs to manufacturers who will  produce the eyeglasses in facilities in their respective countries of Saipan, Bangladesh, and  Turkey. This will not only reduce the cost of labor, it will help Rhett reach regional markets in a  timely manner. Your Answer: Instructor Explanation: Chapter 3 Page 69 Points Received: 5 of 5 5. Question: (TCO 4) As a high net worth individual, Allison searches for growth firms in need of additional  funding to achieve their goals. In return for this ____________, Allison expects to assume  ownership in the business.
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Your Answer: Instructor Explanation: Chapter 6 Page 164 Points Received: 0 of 5 6. Question:
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BUS155 week 4 midterm page 2 - 1....

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