Business Foundations Study guides, Class notes & Summaries

Test Bank For Business Foundations A Changing World 13th Edition by O. C. Ferrell, Geoffrey Hirt and Linda Ferrell

Business Foundations Final Exam Review Questions & Answers Rated 100% Correct!!

Business Foundations questions and answers verified and updated. business - correct organization in which basic resources (inputs) such as materials and labor are assembled and processed to provide goods or services (outputs) to customers profit - correct difference between the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services service business - correct of business that provides services rather than products...

Business Foundations Midterm questions and answers well illustrated. Profit - correct answers.Is the primary goal of business Stakeholders - correct answers.Customers, Employees and Investors are examples of Finance - correct answers.The function concerned with obtaining and managing money and using it effectively is called: Human - correct rces are also known as labor. Capital - correct answers.Financial resources are also known as Customers - correct answers.All the following are facto...

Business Foundations Midterm questions and answers well illustrated. Profit - correct answers.Is the primary goal of business Stakeholders - correct answers.Customers, Employees and Investors are examples of Finance - correct answers.The function concerned with obtaining and managing money and using it effectively is called: Human - correct rces are also known as labor. Capital - correct answers.Financial resources are also known as Customers - correct answers.A...

Business Foundations: A Changing World, 12e (Ferrell) Chapter 2 Business Ethics and Social Responsibility 1) The acceptability of behavior of a business rests solely with the business itself. Answer: FALSE Explanation: The acceptability of behavior in business is determined by not only the organization, but also stakeholders such as customers, competitors, government regulators, interest groups, and the public, as well as each individual's personal principles and values. Difficulty: 2 Medium...

Chapter 3a—Business in a Global Economy ESSAY 1. What is the difference between an absolute advantage and a comparative advantage? ANS: Answer not provided. PTS: 1 OBJ: 3-1 NAT: AACSB: Diversity TOP: The Basis for International Business 2. What does it mean for a country to have an absolute advantage? Compare that to having a comparative advantage. ANS: Answer not provided. PTS: 1 OBJ: 3-1 NAT: AACSB: Diversity TOP: The Basis for International Business 3. What is a national balance ...

Chapter 3—Exploring Global Business ESSAY 1. What is the difference between an absolute advantage and a comparative advantage? ANS: Answer not provided. PTS: 1 DIF: Moderate REF: OBJ: 3-1 NAT: AACSB: Analytic TOP: The Basis for International Business 2. What is a national balance of trade? What does someone mean when he or she says that the balance of trade is favorable? Unfavorable? ANS: Answer not provided. PTS: 1 DIF: Moderate REF: OBJ: 3-1 NAT: AACSB: Diversity TOP: The Basis fo...