...| | Course | Intro To Business BUS100 | Test | <span style="font-size: 12px">Quiz 7: Chapter 10</span> | | | | | | | | | | | Instructions | This quiz consist of 10 multiple choice questions and covers the material in Chapter 10 | * Question 1 3 out of 3 points | | | _____ software provides powerful drawing and drafting tools that enable users to create and edit blueprints and design drawings quickly and easily. These programs allow users to create three-dimensional drawings.Answer | | | | | Selected Answer: | CAD | Correct Answer: | CAD | | | | | * Question 2 3 out of 3 points | | | _____ can be produced independently of the consumer and then stored and shipped.Answer | | | | | Selected Answer: | Goods | Correct Answer: | Goods | | | | | * Question 3 3 out of 3 points | | | _____ production emphasizes production of goods to meet actual current demand, therefore minimizing the need to hold inventories of finished goods and work-in-process.Answer | | | | | Selected Answer: | Just-in-time (JIT) | Correct Answer: | Just-in-time (JIT) | | | | | * Question 4 3 out of 3 points | | | Finding ways to meet an organization’s current objectives while protecting and preserving the environment for future generations is known as _____Answer | | | | | Selected Answer: | sustainability. | Correct Answer: | sustainability. | | | | | *...
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...BUS100: Strategies for Success Course Outline: Fall 2013 Course Instructor: Professor D. Schlanger Office: TRS1-048 Office Hours: TBA Entrepreneurship and Strategy Department, Ted Rogers School of Business Management Course Facilitation Advisor: Alexander Ruvuza, Student Success Facilitator for TRSM, Student Services Office, TRS2-168 E-MAIL COMMUNICATION: Ryerson requires that any official or formal electronic communications from students be sent from their official Ryerson e-mail account accessed via https://mail.ryerson.ca/ Students are required to activate and maintain a Ryerson Matrix e-mail account. Faculty will not respond to student inquiries from any other e-mail address. See Policy #157: Establishment of Student Email Accounts for Official University Communication www.ryerson.ca/senate/policies/ for more detail. EMAIL SUBJECT LINE FORMAT FOR BUS100: Always end your email with your name and student number. Without using any commas, colons or dashes, please fill in the email subject line as follows: BUS100 Section Number Your Full Name a 2 or 3 word descriptor e.g. Subject: BUS100 Section 011 Joe Smith Math tutorial question Subject: BUS100 Section 301 Jane Smith Get Connected question Your section number is on RAMSS or on your timetable. If you do not address your email subject line in this way, the response to your email might be delayed due to tracking difficulties. KEY CONTACTS: Your facilitator is your first point of...
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...| Business In The Economy | A’reAuna HawkinsProfessor Roy FuneBUS 100November 4, 2012 | | Describes how business affects the economy | A’reAuna Hawkins Professor Roy Fune Strayer University BUS 100 November 4, 2012 Business in the Economy The role of business is the efficient creation of wealth, by taking resources and transforming them into products or services. First, there must be a market in which allows buyers and sellers to discover information about one another to complete voluntary exchanges of economic value such as a good, service, information or money exchange between two entities. Business is the management of individuals and resources to accomplish certain production goals, usually for the purpose of making a profit. The combination of these three parts of business with in the economy, the consumer will experience an increase standard of living. Without businesses people would have to depend on themselves. Therefore, this is why people create trade with each other instead of having to provide for ourselves for everything. There are many differences for-profit and non-profit have. For- profit organization is a business or organization whose primary goal is making money, as opposed to a non-profit organization whose focuses on helping the community and is concerned with money only when it necessary to keep the organization operating. Most companies are considered to be business for profit organizations. Examples are retail stores, restaurants...
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...BUS100- Quiz 3 Content User | Daryl C. Limneos | Course | Intro To Business | Test | Quiz 3 | Started | 1/27/12 1:38 PM | Submitted | 1/27/12 2:32 PM | Status | Completed | Score | 100 out of 100 points | Time Elapsed | 53 minutes out of 2 hours. | Instructions | This quiz consist of 20 multiple choice questions. The first 10 questions cover the material in Chapter 3. The second 10 questions cover the material in Chapter 4. Be sure you are in the correct Chapter when you take the quiz. | Question 1 5 out of 5 points | | | If trade restrictions among nations were eliminated:Answer | | | | | Selected Answer: | competition would increase, resulting in lower prices and increased choices for consumers. | Correct Answer: | competition would increase, resulting in lower prices and increased choices for consumers. | | | | | Question 2 5 out of 5 points | | | Trading blocs are groups of countries:Answer | | | | | Selected Answer: | that have reduced or eliminated tariffs allowing for a free flow of goods among member nations. | Correct Answer: | that have reduced or eliminated tariffs allowing for a free flow of goods among member nations. | | | | | Question 3 5 out of 5 points | | | In countries like China and India, the availability of cell phones:Answer | | | | | Selected Answer: | has enabled these nations to greatly improve telecommunications without investment in conventional...
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...Facebook began in the dorm room on Mark Zuckerburg, along with the help of classmates. The original idea was to create a social network for students of Harvard, where he attended. Once the site was up and its popularity was apparent, it was expanded to other universities. A high school version was later added, and finally access was granted to anyone over the age of thirteen that had a valid email address. There are currently nearly seven hundred million users of facebook, with a recent survey stating that nearly 40 percent of Americans have a facebook account (Wikipedia). Facebook is also a major source for businesses to market to their audience. By setting up a facebook page, companies can utilize the targeted audience gathered there to promote their brand in a direct way, with the added effect of being able to reach all 700 million users as well. Sixty nine percent of small business owners said that they currently use social media for their company or business (Protalinski, 2011). Of those that responded that they do not use social media, forty one percent indicated that they would start using social media in the next three months (Protalinski, 2011). The ability to reach the companies’ customers in new and direct ways makes Facebook nearly essential to the business owner. Purchasing ads on Facebook is one way to take advantage of the large number of users, but creating a page on the site itself allows customers to be kept abreast of new products or services, as well...
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...BUS 100 – Student Notes COURSE DESCRIPTION Provides a foundation in business operations through a survey of major business functions (management, production, marketing, finance and accounting, human resource management, and various support functions). Offers an overview of business organizations and the business environment, strategic planning, international business, and quality assurance. INSTRUCTIONAL MATERIALS Required Resources Kelly, M., McGowen, J., & Williams, C. (2014). BUSN (6th ed.). Mason, OH: South-Western Cengage Learning. (Note: This is a textbook uniquely created for Strayer and can only be purchased via Strayer’s Virtual Bookstore, available through iCampus. The chapters within this custom textbook are the same as those from the national title, only rearranged in a different order.) Note: There are slides, audio chapter summaries, flashcards, workplace videos, and games located in the course shell to be used as additional resources to assist you in understanding the course material. Supplemental Resources Asare, S. K., & Wright, A. M. (2012). Investors’, auditors’, and lenders’ understanding of the message conveyed by the standard audit report on financial statements. Accounting Horizon, 26(2), 193-217. Aytaç, G., & Turan, O. Z. (2012). Issues of business ethics in domestic and international businesses: A critical study. International Journal of Business Administration, 3(5), 82-88. Bulu, I., Radojicic, M., & Nesic, Z. (2012). Some considerations on modern...
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...Assignment 2: Ethical and Socially Responsive Business Chipotle Mexican Grill Eric Jones Professor Albin BUS 100 6/8/2016 Chipotle is a company that is based on a family-oriented and friendly atmosphere with great food, and conversation with friends or family. Chipotle's Code of Conduct relies on Integrity, and Loyalty. Integrity seems to play a major part of the company. Integrity is a concept about being true and honest, even if it means that you have to do the right thing even if your actions showed that it wasn't right. Chipotle is all about adhering to good judgment and high ethical standards which is having trust in a company and having loyalty to the customers, even if the customers are rude and have wild tendencies. Loyalty will keep the customer satisfied and wanting to come back for more and more because they feel that they will not be disappointed in the quality of the type of food that they're getting or won't feel like they are being ripped off for their money. The customers always want to feel like that they are always going to experience great service whenever they step into an Chipotle establishment. Just like with all companies, Chipotle has an " Anti-Discrimination, Harassment and Sexual Harassment" policy that I think is important also because of what's going on in today's society with transgender roles being brought into the world. A company shouldn't discriminate on a person for...
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...Success: A Process Professor D. Schlanger November 2nd, 2010 Success: A Process What does it mean to be successful? How is an individual considered to be successful? Some may say that the clothes you wear measure success or the car you drive. Yes, these may be considered aspects of being successful but there is more to it than meets the eye. Having all the tangible assets in the world does not necessarily define an individual’s success. Rather, it is the process of setting and achieving goals that is the true measure of success. Once goals are set, the destination where success will be found is then determined. When an individual arrives at their destination, it is here they will find happiness, satisfaction and stability in their life. In order to arrive at the destination it is vital to set attainable goals, seize opportunities, to focus on positivity and to put forth all your effort in the pursuit. Successful businesspeople such as Steve Jobs, CEO of Apple, have similar ideals in finding success in life. He is one of the most successful entrepreneurs of our time and it did not happen by mistake. I believe that success in all aspects of life, whether it is personal, academic or in business, is defined by achieving goals and in doing so, stability and happiness will be attained. The most important aspect of attaining any goal is to set one. Without setting a goal there is no starting point. The journey cannot end if it does not begin. Setting goals...
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...Question 1 Companies that do business with customers in developing nations that lack access to hard currencies are likely to make extensive use of: Answer Selected Answer: countertrading. Correct Answer: countertrading. Question 2 A country has a comparative advantage in the production of a good if it can produce that good _____ than other nations. Answer Selected Answer: at a lower opportunity cost Correct Answer: at a lower opportunity cost Question 3 Foreign _____ involves a domestic firm granting a foreign firm the rights to produce, promote, and use its trademark/patents in a defined geographical area. Answer Selected Answer: direct investment Correct Answer: licensing Question 4 Relative to other nations, the United States appears to have an advantage in the amount of: Answer Selected Answer: capital. Correct Answer: capital. Question 5 A(n) _____ is an agreement among two or more two companies to join forces to pursue specific opportunities without actually merging their operations. Answer Selected Answer: joint venture Correct Answer: joint venture Question 6 The three countries participating in the North American Free Trade Agreement (NAFTA) are _____ Answer Selected Answer: Canada, Mexico, and the United States. Correct Answer: Canada, Mexico, and the United States. Question 7 The _____ influences the global economy...
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...Assignment 1: The Business Environment By: Deont’e Monroe Course: Bus100 (Intro to Business) Instructor: Terese Cole The word business according to Wikipedia.com* is defined as “A business (also known as enterprise or firm) is an organization involved in the trade of goods, services, or both to consumers.”* The word economy according to Wikipedia.com* is defined as “An economy consists of the economic system of a country or other area; the labor, capital, and land resources; and the manufacturing, production, trade distribution, and consumption of goods and services of that area”.* In the simplest form of explanation business is the economy, there can’t be one without the other. From all of the big market corporations such as Wal-Mart, Apple, McDonalds, etc., down to the small businesses started by entrepreneurs. Businesses are labeled into two categories; for-profit and non-profit businesses. For-profit business is defined as “a business or other whose primary goal is making a profit.” Any place where you go and receive a good or service and you must pay in return is a for-profit business. A non-profit business or organization is defined as “An organization which focuses a goal such as helping the community and is concerned with money only as much as necessary to keep the organization operating.” Homeless shelters, soup kitchens, medical institutes, foundations for children, even charities in themselves are non-profit organizations created for the good of giving back to...
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...Current Location BUS100294VA016-1118-001 Week 4 Review Test Submission: Week 4 Quiz Hide Course Menu Menu Management Options Refresh Display Course Menu in a Window Folder View List View CollapseBUS100294VA016-1118-001 Course Entry Page Course Home Student Center Email Gradebook Week 1 Week 2 Week 3 Week 4 Review Test Submission: Week 4 Quiz Content User Michael H Kim Course Intro To Business Test Week 4 Quiz Started 10/25/11 11:14 PM Submitted 10/25/11 11:45 PM Status Completed Score 85 out of 100 points Time Elapsed 30 minutes out of 2 hours. Instructions This quiz consist of 20 multiple choice questions. The first 10 questions cover the material in Chapter 3. The second 10 questions cover the material in Chapter 4. Be sure you are in the correct Chapter when you take the quiz. Question 1 5 out of 5 points Correct Measuring international trade and its impact on individual nations requires __________ Answer Selected Answer: knowledge of balance of trade. Correct Answer: knowledge of balance of trade. Question 2 5 out of 5 points Correct If trade restrictions among nations were eliminated Answer Selected Answer: competition would increase, resulting in lower prices and increased choices for consumers. Correct Answer: competition would increase...
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...BUS100 Sample Exam 1 Student: ___________________________________________________________________________ 1. Which of the following organizations is an example of the goods-producing sector of the economy? A. Ford Motor Company B. Florida State University C. Children's Hospital D. H & R Block Tax Consulting 2. Which of the statements about demography is most accurate? Demographic studies: A. focus on factors that have great political relevance, but little relevance to business firms. B. suggest that the number of two-income families will decline in the future. C. provide business and individuals with insights into business and career opportunities of the future. D. are an important source of information about changes in weather and climate. 3. Public schools, charities and government agencies are not classified as businesses because they: A. have not been incorporated. B. do not seek to earn a profit. C. provide services rather than goods. D. do not have any stockholders. 4. In order to make an intelligent investment decision, entrepreneurs should: A. limit their options to those business investments that are backed by the U.S. government. B. invest in businesses that have generated a stable rate of profit for at least the past ten years. C. invest only in business opportunities where it is possible to take an active role in management. D. compare the risks of potential investments to their expected profits and find the right balance...
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...Ethical and Socially Responsive Business Chipotle Restaurant first opened its door in 1993 (www.chipotle.com) in Denver Colorado by Steve Ells. There are currently 1600 franchised restaurants in the United States, Canada and the United Kingdom specializing in burritos and tacos. Careers range from accounting and management, information technology, cashiers and cooks. The success of any business, particularly the restaurant industry relies heavily on its code of ethics. Chipotle has an “open door” policy of which any of its employees who feel that any of its code of conducts is being violated are free to partake in. As the CEO of Chipotle, there are several key areas in Chipotle’s code of conduct significant to its success. Chipotle will do its best to protect the privacy of its employees who decide to partake in its open door policy. Some of those key areas relating to Chipotle’s code of conduct include: 1. Anti-Discrimination Policy- Chipotle believes that all of its employees should be treated with respect regardless to race, religion, national origin, disability, origin, gender, marital status or sexual orientation (ir.chipotle.com). The also applies to its hiring practices, as well as pay, performance reviews, training advancements and the ability to advance. 2. Sexual Harassment Policy- Chipotle strictly prohibits such behaviors posed upon any of its employees, male or female. Sexual harassment encourages intimidation and could lead to abuse of power...
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...EFFECTIVE COMMUNICATION Effective Communication in the Workplace BUS100 Week 5 Assign 1 Prepared for: Prof Joyce Williams Stephen Terrell [5/11/2014] Abstract Good communication skills and a proper understanding of effective communication will help both in avoiding conflict and dealing with disruptive conflict. It is essential to teamwork that all members of the team have a clear understanding and active awareness of their common targets. All employees must readily cooperate with one another to enable everyone to achieve his or her common goals. Communication is the best tool for building cooperative relationships between employees because effective communication among team members is vital to the success of the company. Effective Communication in the Workplace Communication is the transfer of intended meaning to include; ideas, opinions, orders/instructions and feelings. Different methods of communication are verbal, written, body language and examples (action or lack of action). More and more companies are converting to a formal team approach to operations. This is happening because working in teams provides the company and it’s employees both tangible and intangible benefits such as: *Improved communications in all directions *An increase in cooperative attitude among members *Increased awareness of the contribution and role of each team member *Increased efficiency in quantity and quality of work accomplished Feedback is probably...
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...Assignment 1: Identify Your Competitive Advantage Aaron M. Massey Professor Jackson BUS100 26OCT2013 During the course of this paper it is my intent to analyze the strength and weaknesses of Chipotle Mexican Grill in hopes of finding a way that the restaurant chain could boost profit and/or productivity. Chipotle Mexican Grill has many things going for them and against them since opening in 1993 (Wikipedia, 2013). To start with let’s talk about their weaknesses or things they could do better. They don’t seem to be very creative in making new products, they don’t have much of a kids menu, and they’re not that global (Wikiswot). Creating new items isn’t always a make or break thing, but they could still try some new things out every once in awhile. The kids menu is pretty weak and limited 2 soft or crispy taco’s, but not allowed to have 1 of each, three ingredients to include one meat or guacamole, really? (Chipotle, 2013). They are kids, small people; it would not kill Chipotle’s bottom line to let the kids actually pick anything they want, limiting to three items (kids’ servings). Yes, they have a few places outside of the US (France, Germany & UK), but not many, they really could try to expand more to other places like around the Asian/eastern Asia countries (Wikipedia, 2013). Enough of the bad stuff and onto the strengths of Chipotle include low prices, loyal customers, financially strong/stable, they use “green”...
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