bus 211 bus211.doc
TRANSCRIPT
BUS/211 FOUNDATIONS OF BUSINESS
**********************************************
BUS 211 Entire Course Linkhttps://uopcourses.com/category/ bus - 211 /
**********************************************
BUS 211 Week 1 Business Models, Systems and Organization Instructions
Consider a local business whose services you frequently use. What are the main components of this company's business model?
Write a 400- to 500-word response in which you do the following:
Describe the three components of the business system that comprises the local business you selected. Use Figure 1.2 on p. 11 of Introduction to Business as a reference.
Identify the form of business organization that the business currently uses: joint-stock company, limited liability, partnership, or sole proprietorship.
Explain the differences between your business's form of organization and the other three forms.
Resources: Ch. 1 & 2 of Introduction to Business
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
BUS 211 Week 1 quiz
Instructions
Your answers : 33/33 (100%)
1
What is the best way to raise funding for a joint-stock company?
Secure an investment bank loan.
Pool money from partners.
Issue stock certificates for investors.
Raise capital from interested stakeholders.
2
What law shows that there is a direct relationship between the price of a product and the amount that is supplied in the market?
Law of supply
Law of demand
Law of market systems
Law of market price
3
Which of the following best describes a partnership?
All employees are stockholders to promote loyalty to the company
Skilled professionals who pool their talents and resources to share general capital costs
Families who work and live together to reduce costs
Friends who share new business interests by sharing rent costs
4
What measures how efficient a company uses its capital and resources to generate returns for its investors?
Profit
Profitability
Revenues
Sales
5
Who assumes all liability for debt created in a sole proprietorship?
The stockholders
The business partners
The bank
The business owner
6
What is an obstacle that professionals avoid in a sole proprietorship?
Debt
Disputes
Risk
Competition
7
What will most likely increase the demand for better quality goods and services?
Increasing specialization
Increase in self-interest
Decrease in profitability
Decreasing demand
8
What law refers to the tendency of people to buy more of a product when the price is lower and less of it when its price is higher?
Law of diminishing marginal utility
Law of demand
Law of market increase
Law of supply
9
Imagine Company A has a total profit of $40 million and that it invested $400 million in the course of a year. Company B has a total profit of $20 million and has invested $80 million over the course of the year. Which company has the greater profitability?
Company B
Profitability cannot be determined from the information given
Company A
They have the same profitability
10
In general, the more a particular product is valued, the more it is demanded. Which is true in regard to this statement?
The higher the demand, the higher the price and the product is easy to find.
The higher the demand, the lower the price and the product is easy to find.
The higher the demand, the lower the price and the product is harder to find.
The higher the demand, the higher the price and the product is harder to find.
11
Capital, land, enterprise, and labor are all costs associated with making and selling goods. What do they determine?
Operating costs
Value
Competitive advantage
Sales revenue
12
In economics, what principle indicates the value placed on a product lessens as consumption increases?
Scarcity value
Demand value
Diminishing marginal utility
Supply utility
13
Which of the following is the best advantage of a joint-stock company?
Investors determine the venture the company is required to pursue.
The investor limits the risk to the percentage of stock ownership.
The business is resilient to poor management.
Investors have limited liability from creditors.
14
Information technology, e-commerce, human resource management, and procurement are included in what type of value chain function in a business?
Secondary value function
Primary value function
Tertiary function
Complimentary function
15
Enterprise, as a main component of business, requires which of the following?
Operating from an appropriate facility
Inputs, machinery and computers
Employing the right people for the tasks
Foresight, drive, knowledge, and ingenuity
16
What was the original purpose of the limited liability company?
To encourage investors to take financial risks to ensure a business’ success
To control specialization of new businesses
To favor creditors with the ability to seek recovery of assets to repay debt
To limit financial risk exposure and encourage formation of new businesses
17
This is the point at which the supply of the product just meets the demand for it.
Market
Supply curve
Demand curve
Margin
18
What equation correctly shows how profit is calculated?
Profit = (Total Operating Costs) – (Total Sales)
Profit = (Purchases) – (Total Sales Revenues)
Profit = (Total Sales) – (Purchases)
Profit = (Total Sales) – (Total Operating Costs)
19
Which of the following best describes a joint-stock company structure?
Stock ownership creates unlimited liability if the business fails.
An entrepreneur raises capital by issuing stock ownership for others to share the risk.
Multiple professionals share general costs and management leadership.
One person assumes the liability for the business venture.
20
Which of the following businesses best matches the definition of a sole proprietorship?
Professors, nurses, or taxi drivers
Lawyers, bankers, or accountants
Bus drivers, hotel managers, or painters
Dentists, carpenters, or plumbers
21
Which term refers to the total money or assets of a business?
Wealth
Capital
Sales revenue
Competitive advantage
22
What is defined as the absolute monetary difference between sales revenues and operating costs?
Profit
Profitability
Demand
Supply
23
If a business partnership grows, what is usually added over time?
Increased stock percentage for partners
New professional members adding capital into the business
More revenue allocated to management
Management control
24
Which of the following best describes a system through which goods or services are exchanged for capital with the aim of making a profit?
Value-creation process
Competitive advantage
Productive resources
Business
25
Which equation correctly shows how to calculate profitability?
Profitability = (Total Profit) / (Total Amount of Capital Invested)
Profitability = (Total Profit) – (Total Amount of Capital Invested)
Profitability = (Total Amount of Capital Invested) – (Total Profit)
Profitability = (Total Amount of Capital Invested) / (Total Profit)
26
How does specialization assist a business in becoming more productive?
Better equipment aids employees in increasing their output.
Employees become more skilled at specific tasks.
Product management is more efficient and easier to maintain.
Sunk costs are eliminated by reinvesting into new product lines.
27
If a company were to have a total sales revenue of $50 and a total operating cost of $37, what is the total profit?
$13
$87
$37
$ -13
28
What defines a group of companies that have similar products and business activities?
Industry
Business system
Field of interest
Business model
29
Which of the following businesses is the best example of when to set up a limited liability company in order to control financial risk of the stockholder(s)?
Hertz Car Rental
Prudential Insurance
Wal-Mart
Joe’s Neighborhood Pet Store
30
Which of the following is the best example of a business partnership?
Politicians who share expenses for a campaign
Restaurant owners who share the same cuisine in a common geographic area
Employees of a large computer manufacturer
A group of similar professionals who start a company together
31
What are the four productive resources that make a business possible?
Land, labor, capital, enterprise
Supply, demand, land, labor
Sales, profit, profitability, supply
Capital, labor, supply, demand
32
What are the three components that make up a business system?
Business commerce, business organization, business occupation
Business organization, business management, business exchange
Business commerce, business organization, business market
Business market, business management, business organization
33
Which of the following best describes limited liability as it relates to a business?
Limited liability discourages entrepreneurs to start new businesses.
If the business fails, personal assets of the owner(s) are at risk
Creditors are entitled to recover outstanding debt beyond the financial assets of the business.
The stockholder’s financial liability is limited to a fixed investment amount.
BUS 211 Week 2 Evolution of Business Presentation
Instructions
Resource: Your Week 2 collaborative discussion and the Ch. 2 of Introduction to Business
Research the evolution of business with your assigned team members.
Locate information on the following points:
Feudalism Mercantilism
Capitalism Commerce Property rights The Industrial Revolution
Individually, create a 10- to 15-slide Microsoft® PowerPoint® presentation describing the evolution of business.
Provide examples and appropriate visuals to illustrate each phase of business.
Include detailed speaker notes, a title slide, and an APA-formatted reference slide.
Click the Assignment Files tab to submit your assignment.
BUS 211 Week 2 Profits and Supply and Demand
Instructions
Resource: Ch. 1 of Introduction to Business
Consider a fictional business you would be interested in starting. You will be using this same business in other weekly assignments throughout the course.
You are seeking financing for your business, and a potential investor has asked you to provide more information.
Write a 400- to 500-word response to your potential investor in which you do the following:
Describe the products or services your business will offer and the resources--materials, supplies, building, and so on--that you will need for your startup.
Examinethe differences between profit and profitability and how you plan to use your profits to increase your business profitability.
Describe how you expect your business may be affected by the laws of supply and demand.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
BUS 211 Week 2 quiz
InstructionsYour answers : 35/35 (100%)
1This type of law exists to ensure that people have the skills they need to properly serve the public interest.
o
Laws relating to the public interest
o
Laws regulating occupational qualifications
o
Laws governing business diversity
o
Laws promoting employee health and safety 2
What type of information is within a business plan?
o
Tax penalties, number of personnel, and location of organization
o
Revenue, profit, and loss
o
New products, how the organization will compete, and how the organization will organize resources
o
Past performance and stock price 3
This is a process of dissolution of a business through which its assets are sold to repay its creditors.
o
Chapter 13 bankruptcy
o
Chapter 9 bankruptcy
o
Chapter 11 bankruptcy
o
Chapter 7 bankruptcy 4
What rules can managers employ as guidelines to analyze the effects of their business decisions on stakeholders?
o
Pragmatism, moral rights, justice, and practical rules
o
Utilitarian, moral rights, justice, and practical rules
o
Utilitarian, social contracts, virtue, and practical rules
o
Relativism, moral rights, justice, and social contracts rules 5
What is the primary role of a non-managerial employee?
o
To perform the day–to-day tasks assigned to them as directed
o
To assign resources and timelines to tasks
o
To hire, coach, discipline, and fire employees as appropriate
o
To evaluate the performance of other employees 6
Laws governing diversity endeavor to motivate employers to
o
specify the skills, qualifications, and experience people must possess to be hired for government occupations
o
consider the skills, experience, and ability to do the job versus employee ethnicity, religion, gender, age, and so forth
o
help promote their survival and increase the profitability of business enterprises
o
govern how a company should behave to further the public interest 7
What is a copyright?
o
It is a form of protection provided to the authors of books, videogames, poems, and songs produced by authors, poets, software experts, and musicians.
o
It is a word, name, symbol, or device which is used in trade with goods to indicate the source of the goods and to distinguish them from the goods of others.
o
It is the grant of a property right that is issued to its inventor.
o
It is the creations of the mind including inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.
8Jones (2007) describes a three-stage business plan used by managers. Which of the following is one of the stages?
o
Answering questions about products from customers
o
Calling customers to sell products
o
Assembling raw materials into finished products
o
Selecting goals and targets for team members 9
What are the four elements of a SWOT analysis?
o
Strengths, weaknesses, opportunities, and threats
o
Systems, weaknesses, obstacles, and threats
o
Systems, weaknesses, opportunities, and targets
o
Strengths, weaknesses, obstacles, and targets 10
A detailed SWOT analysis would classify a poorly designed marketing plan as a
o
strength
o
threat
o
weakness
o
opportunity 11
This is the effect of unethical behavior on business commerce.
o
Unethical behavior becomes a social norm.
o
Stakeholders internalize the unethical values.
o
Less capital and wealth are created in society.
o
Less capital and wealth are accrued in the government sector. 12
The U.S. Department of Labor Occupational Safety and Health Organization (OSHA) is the government agency primarily responsible for
o
how the rights of consumers are protected in the marketplace
o
how companies determine the occupational requirements needed by employees to protect the well-being of society
o
how companies recruit, promote, and retain people for employment
o
how companies protect their employees from harm while on the job 13
When an entrepreneur uses advancing technology to find a new way to make or supply a product, the entrepreneur utilizes which of the following opportunities?
o
Organizational
o
Capitalistic
o
Commercial
o
Occupational 14
A detailed SWOT analysis would classify competition in the industry or market as a
o
strength
o
threat
o
weakness
o
opportunity 15
Which example best describes an organizational opportunity?
o
A business sells their products to new customers.
o
A business creates new, more effective ways to increase profitability.
o
Business identifies and creates a new product.
o
A business launches and markets a 36-hour sale. 16
Which of the following people or groups supply a company with productive resources and are affected by the way a company does business?
o
Customers
o
Stakeholders
o
Employees
o
Managers 17
Which of the following impact ethical practices in business at home and abroad?
o
Societal ethics, occupational ethics, legal ethics, and environmental ethics
o
Legal ethics, environmental ethics, individual ethics, and organizational ethics
o
Societal ethics, occupational ethics, individual ethics, and organizational ethics
o
Cultural ethics, occupational ethics, legal ethics, and organizational ethics 18
When is a business plan developed?
o
Annually
o
When reporting profit and loss
o
Shareholder meetings discussing past performance
o
When proposing a new business venture 19
Which of the following best describes the employee “role”?
o
The set of guidelines that govern organizational behavior
o
The set of tasks a person is expected to perform
o
The nature of employment conditions, pay, and benefits
o
The experience and minimum skills required for a specific job 20
The utilitarian rule bases a business decision on which of the following?
o
What produces the greatest good for the greatest number of people.
o
What maintains and protects the fundamental rights and privileges of people.
o
What a manager has no hesitation to communicate to people outside the company, because the typical person in a society would think the decision is acceptable.
o
What distributes benefits and harm among people in equitable and impartial manner.
21This Act was passed by congress to protect air quality and motivate companies to pollute less.
o
Pollution Prevention Act
o
Energy Policy Act
o
Comprehensive Environmental Response, Compensation, and Liability Act
o
Clean Air Act 22
What is the definition of a business plan?
o
An outline of the way a company will use its resources to create products that give it a competitive advantage
o
A summary of a company’s profit and loss for a specified period of time and its plan for future growth
o
A highly-detailed, written statement that explains the purpose of creating a new venture
o
A general overview explaining the purpose of creating a new venture 23
Which of the following best describes how an employee can increase his or her chances of being promoted inside an organization?
o
By being routinely confrontational with other employees and questioning the status quo
o
By being proactive and looking for new ways to improve his or her skills
o
By ensuring performance remains within the boundaries of the job expectations
o
By doing what he or she is asked to do and by meeting job requirements 24
Who has a claim on a company because they own shares?
o
Employees
o
Stockholders
o
Customers
o
Managers 25
Which law was enacted to force companies to more fully disclose their financial results and to protect stockholders of the company?
o
Dodd-Frank Wall Street Reform and Consumer Protection Act
o
Securities Exchange Act
o
Sarbanes-Oxley Act
o
Investment Company Act 26
What is a difference between an employee and a manager?
o
Employees hold each other accountable for success of the business
o
Employees are responsible for providing vision and leadership
o
Employees have decision making authority over the organization’s resources
o
Employees perform the many jobs to make, facilitate, and sell a product 27
A detailed SWOT analysis would classify a well developed and informed business model as a
o
weakness
o
threat
o
opportunity
o
strength 28
Which two types of laws have been enacted to promote a company’s continued existence and profitability?
o
Incorporation and bankruptcy
o
Occupational health and safety
o
Occupational qualifications and diversity
o
Business and environmental stewards 29
Which ACT prohibits U.S. companies from paying bribes in order to win contracts abroad?
o
Securities Exchange Act
o
U.S. Foreign Corrupt Practices Act
o
Sarbanes-Oxley Act
o
Investment Company Act 30
Important issues can arise concerning how and when payments are made to this group of stakeholders?
o
Employees
o
Customers
o
Suppliers and distributors
o
Stockholders 31
Which answer contains the three types of entrepreneurial activities?
o
Financing, selling, and purchasing
o
Commercial, occupational, and organizational
o
Business, sales, and training
o
Evaluating, monitoring, and selling 32
Which of the following best defines the entrepreneurship process?
o
Using IT to assemble materials into the final product
o
Providing both direct and indirect services to customers
o
Exchanging or selling services to other companies
o
Acquiring and combining resources to create goods or services for customers to buy.
33Anti-trust legislation exists
o
because it is the government’s job to regulate business
o
to make it illegal for companies to conspire with one another to limit supply
o
because it is the express aim of the U.S. government to foster competition
o
to protect consumers from shortages 34
There are several advantages a company can gain over its competition by behaving in an ethical way. The main advantage is
o
improved reputation
o
decreased costs
o
increased sales
o
employee loyalty 35
How do managers help the company’s stakeholders?
o
Assembling materials into finished products
o
Assisting customers with their purchases
o
Creating profitable goods and services
o
Providing financing to grow the business
BUS 211 Week 3 Code of Ethics, Roles and Behaviors
InstructionsResource: Ch. 3 & 5 of Introduction to Business
Consider the fictional company you started in Week 2. What will be the roles of the entrepreneurs, managers, and employees of your company? What will be the ethical code of your company?
Write a 500- to 700-word paper in which you do the following:
Describe the roles of the entrepreneurs, managers, and employees of your company. Describe its ethical code of conduct, including the rules and principles your company will use in its decision making.
Provide a brief explanation of why you selected each rule and principle. How will your ethical code of conduct affect your business?
Examine any laws that may be relevant to the chosen rules and principles of your business. How do these laws differ from the business ethics you have established?
Explain the behaviors you would like to cultivate in your company.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
BUS 211 Week 3 quiz
Instructions
Your answers : 31/31 (100%)
1Employees quickly figure out and adopt the values and norms desired by their company. What is this process called?
o
Organizational socialization
o
Rites of integration
o
Rites of engagement
o
Cultural exchange 2
Maslow’s Need Theory is an hierarchal format that deals with ‘what’ is important to individuals. Which of the following hierarchy most accurately reflects Maslow’s hierarchy?
o
Physiological, security, esteem, self-actualization, belongingness
o
Physiological, security, belongingness, self-actualization, esteem
o
Physiological, security, belongingness, esteem, self-actualization
o
Physiological, security, esteem, belongingness, self-actualization 3
The Matrix Structure is a unique organizational structure that responds to rapid changing situations. Which of the following is a component of this structural design?
o
Most commonly used by non-high-tech companies
o
R&D specialists manage product teams.
o
Employees are grouped into cross-functional product teams.
o
Managers group people by product instead of function. 4
Company values are shared standards that employees use to
o
evaluate if they have helped the company achieve its goals
o
govern interactions with other employees
o
measure profitability and make needed corrections in performance
o
evaluate risks and drive innovation in their department 5
A company who desires to develop new or improved products would fit best with what type of team?
o
Cross-functional
o
Virtual
o
Top management
o
Functional 6
What form of business communication offers the lowest form of persuasive communication?
o
Face-to-face meeting
o
Telephone conversation
o
o
Written letters and memos 7
What work attitude would a leader promote to influence his or her worker?
o
Quantity and quality of work
o
Level of effort put into job
o
Job satisfaction
o
Reliability of performance 8
According to the goal-setting theory, job performance goals should
o
measure the degree of effort
o
align to company culture
o
be broad and flexible
o
be specific and time bound
9Which of the following best describes a company that has established a professional culture?
o
It invests in employee development.
o
It maintains a professional setting.
o
It follows ethical business practices.
o
It promotes streamlined decision making. 10
An organizational performance is increased with employees working in teams since
o
managers can more easily monitor the performance of their employees
o
managers can develop group norms that facilitate cooperation
o
teams facilitate the division of labor and specialization
o
teams facilitate goals and interests of different stakeholders that otherwise would be incompatible
11What is the definition of a team?
o
Collection of people working towards a common goal
o
Employees jointly responsible to meet a goal
o
Employees working towards their specific goals
o
A group who follows the same rules
12Businesses often promote norms which are entrepreneurial or conservative in nature. Why?
o
The external environment influences corporate norms and must be controlled.
o
Promoting norms increases employee motivation.
o
Companies try to select norms which match their business model and culture.
o
Promoting norms allow the company to measure employee performance more efficiently.
13Which of the following best describes sources of a company’s culture?
o
Values of the founder and ceremonies
o
Employee autonomy and creativity
o
Communication of strategic goals
o
Values of innovation and excellence 14
Which of the following could cause an individual to avoid performing a required job task according to expectancy theory?
o
Desire for belongingness
o
Low levels of self-efficacy
o
Unmet physiological needs
o
Goal orientation at odds with task 15
Which of Maslow’s Hierarchy of Needs is geared toward personal fulfillment?
o
Self-actualization
o
Esteem
o
Belongingness
o
Security 16
What does the amount of conflict in an organization signal?
o
Managers value conformity
o
Performance goals are not clear
o
Openness to new ideas
o
Indecision by top management 17
Formal events that recognize an employee or group that have benefited the company by their works are
o
rites of passage
o
rites of enhancement
o
rites of engagement
o
rites of integration
18Organizational design is best defined as
o
the values and norms employees share
o
a specific type of organizational structure and culture
o
the framework of task and authorityrelationships
o
the coordination actions of employees and groups 19
Being goal oriented has shown to be paramount to a person’s success. Why?
o
Goals remove obstacles
o
Focus is on reaching the unattainable
o
Motivated persistency
o
Goals are constant reminders of abilities 20
What best describes the contingency approach, as it relates to organizational design?
o
Having the ability to alter a plan
o
Finding ways to increase revenue
o
Growing the business model
o
Creating a cultural design 21
What form of business communication offers the highest form of persuasive communication?
o
Face-to-face meeting
o
Telephone conversation
o
o
Instant messaging 22
Managers can cause organizational dysfunction by doing which of the following?
o
Expressing conflicting ideas
o
Disagreeing that change is needed
o
Focusing efforts on political battles
o
Promoting competition 23
Which of the five sources of a leader’s power would be demonstrated by a leader with rightful authority to direct and control an employee’s activities?
o
Coercive power
o
Reward power
o
Expert power
o
Legitimate power 24
Which of the following in the best example of active listening?
o
Paying attention to the words being said and other signals
o
Paying attention as the sender voices ideas
o
Knowing the sender’s problem in advance
o
Interaction between the sender and receiver 25
Employees will most often be motivated to initially fulfill basic needs rather than higher level needs. Which of the following satisfies a higher need?
o
Safe working environment
o
Bonuses and fringe benefits
o
Promotion to senior position
o
Job stability and pay 26
Companies with a strong culture may hold meetings to announce the company’s achievements. Which source of company culture would best describe this activity?
o
Rites of excellence
o
Rites of enhancement
o
Rites of passage
o
Rites of integration 27
Which theory tries to explain the psychological factors underlying why an individual selects a task and exerts effort in performing a task?
o
Maslow’s hierarchy of needs
o
Expectancy theory
o
Equity theory
o
Goal-setting theory 28
What are teams grouped by areas of expertise?
o
Virtual
o
Top management
o
Cross-functional
o
Functional 29
The motivational theory that tries to determine how much work is needed for a specific outcome is
o
goal setting
o
expectancy
o
MBO
o
equity 30
Which of the following best describes how the values of the company’s founder influence an organization?
o
They define rites of passage.
o
They promote entrepreneurial practices.
o
They outline rites of integration.
o
They establish cultural norms. 31
What best describes company norms?
o
Standards of excellence
o
Organizationaldesign
o
Informal but powerful rules
o
Ceremonies and rites
BUS 211 Week 3 SWOT Analysis
Instructions
Resource: Your Week 3 collaborative learning team discussion and Ch. 3 of Introduction to Business
Complete the following with your learning team members.
Research different examples of business plans found on the Internet. Choose one of them to use for this assignment.
Review the example of a SWOT analysis on p. 97 of the text. Conduct a SWOT analysis of the sample business plan you selected with your
team members. Use Appendix B as the template for your SWOT Analysis.
Indiviually, write a 700- to 1,050-word paper examining the business plan you selected. Include a SWOT analysis highlighting the strengths, weaknesses, opportunities, and threats of the company you chose.
Post Appendix B and your paper as an attachment.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
BUS 211 Week 4 Motivation and Teams Case Study
InstructionsResource: Your Week 4 learning team collaborative discussion and Ch. 7 of Introduction to Business
Read the two case studies on pp. 233-236 of the text.
Discuss the following with your Learning team: What motivation theories may be found in each case study? Describe the theories found in each case study and cite specific examples. What was each business owner's approach to creating high-performing teams
within their company? What are common characteristics of high-performing groups and teams?
Summarize your discussion in a 200- to 300-word individual response.
Format your summary consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
BUS 211 Week 4 Persuasive Communication and the Job Fair Brochure
InstructionsResources: Ch. 6 & 8 of Introduction to Business
Continue to explore the fictional company you created in Week 2.
You have decided it is time to hire additional employees and would like to have a job fair. It is your responsibility to persuade the organization that the job fair will be beneficial.
Answer the following in a 200- to 300-word response:
What types of communication would be most effective in persuading the groups in your organization--including trainers, employees, programmers, and managers--that the job fair will be beneficial? Describe these communication types and explain why they would be effective.
Now that you have decided on the most effective method of communicating to your organization, you have set up a booth at the local job fair to generate interest in your new company and search for prospective employees.
Create a 1-page brochure describing your company's structure, business model, and culture. Describe how organizational culture has influenced your business.
Post your persuasive communication response and brochure as an attachment.
Format your brochure consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
BUS 211 Week 4 quiz
InstructionsYour answers : 31/31 (100%)
1
Which is the process that aims at identifying company inefficiencies and then determines where improvements are needed?
o
Human resource planning
o
Workflow analysis
o
Job specifications
o
Job analysis 2
Which component of the HRM system strives to ensure equity and fairness in dealing with employee issues and concerns?
o
Recruitment and selection
o
Labor relations
o
Performance appraisal and feedback
o
Pay and benefits 3
According to Jones (2007), the semi-finished goods and services that go through a company’s production process are called
o
distribution
o
conversion
o
inputs
o
work-in-process 4
Which of the following is a form of information that is constantly updated to make sure that decisions can be as up-to-date as possible?
o
Real-time
o
Reliable
o
Relevant
o
Complete 5
Some examples of elements in the operations stage of the operations and material management process include
o
raw materials and components
o
skills and machines
o
goods and services
o
labor and customers 6
Which of the following describes managers’ ability to use the collection and analysis of data to gain information about various tasks and operations to increase the efficiency of a particular function?
o
Superior productivity
o
Superior innovation
o
Superior quality
o
Superior information 7
The combination of which two factors gives people the ability to better react to the economic environment in which they function?
o
Facts and numbers
o
Data and technology
o
Hardware and software
o
Knowledge and learning 8
Which of the following best describes the result of information overload?
o
Data is missing which makes information difficult to understand.
o
Vast amounts of information make it difficult to determine what is useful.
o
Excess data causes systems to fail.
o
Large amounts of real-time data make it difficult to collect. 9
Which of the following is one of the four major sources of competitive advantages provided by information technology?
o
Rapid development
o
Superior innovation
o
Cutting edge communication
o
Artificial intelligence 10
The operating system that combines both the benefits of customized products and low cost production is called
o
standardized production
o
mass production
o
flexible production
o
small-batch production 11
Information technology improves customer responsiveness by
o
giving middle managers the ability to collect and process more data
o
tracking people’s likes, dislikes, and buying habits
o
tracking changes to products and systems
o
allowing the organization to identify issues in products or process 12
In the 1990’s, the Windows operating system, created by Microsoft, was installed in 90% of the world’s PCs. This kind of penetration in the personal computer business made Windows the
o
world’s largest software system
o
industry standard
o
leader in the networking software
o
best-of-breed solution 13
The aim of this process is to align human resources recruitment and retention with future organizational goals.
o
Human resource planning
o
Job specification
o
Job analysis
o
Job screening 14
Which of the following is a key benefit of mass production operating systems?
o
A wide range of customized products
o
Unique one-of-a-kind products
o
Lower operating costs
o
Flexible employees and work teams 15
Which of the following best describes information learned from a Position Analysis Questionnaire (PAQ)?
o
the different types of employees’ job activities
o
specific sales strategies and daily targets
o
pool of potential applicants for each position
o
occupational safety and health concerns at work
16
For what purpose do businesses consider establishing maquiladoras?
o
Reduce labor costs.
o
Reduce raw materials costs.
o
Reduce inventory costs.
o
Reduce distribution costs. 17
According to Jones (2007), the hardware and software components of a company’s existing IT systems are called its
o
mainframes
o
legacy systems
o
microprocessors
o
network computers 18
One major result of organizational learning is
o
increased work load
o
increased profitability
o
increased information
o
increased expenses 19
Which best describes e-commerce?
o
Trade that is transacted electronically
o
Same industry commerce
o
Systems used for exchange
o
Commerce between wholesalers and retailers 20
Which component of the HRM system provides employees with information about their performance relative to job expectations?
o
Performance appraisal and feedback
o
Labor relations
o
Training and development
o
Recruitment and selection 21
According to Jones (2007), which type of operating system is designed to make unique or custom-made products?
o
Materials management production
o
Flexible production
o
Mass production
o
Small-batch production 22
Which of the following is software developed for business within the same industry to conduct trading?
o
Open source exchange
o
B2B marketplace
o
Business exchange center
o
Networking protocol 23
Of the three stages in operation and materials management, which stage comes first?
o
Production
o
Output
o
Operations
o
Input 24
Which of the following best explains how information technology improves innovation in a company?
o
Tracking changes in financing related to product development
o
Allowing the organization to identify new audiences for an existing product
o
Providing up-to-date information on changes to products and systems
o
Giving customers ability to purchase products more easily 25
Which of the following is the correct order of the operations and material management process?
o
Operations, output, and input
o
Operations, input, and output
o
Output, operations, and input
o
Input, operations, and output 26
Which best describes B2B commerce?
o
Commerce between wholesalers and retailers
o
Trade that is transacted electronically
o
Same industry commerce
o
Trade that takes place between companies 27
Which component of the HRM system provides employees with the knowledge and skills necessary to perform their job?
o
Performance appraisal and feedback
o
Recruitment and selection
o
Training and development
o
Labor relations 28
What is the major advantage of broadband technology?
o
Quick transmission of very large amounts of information
o
Connection of databases of different institutions
o
Transfer of data between networks over the Internet
o
Creation of an area network that links PCs to a central server 29
Which of the following costs is associated with a firm’s operations and materials management function?
o
The cost of the machinery, computers, tools, buildings, and equipment
o
The cost of work-in-process goods, semifinished products moving through the production process
o
The cost of employee wages, including benefits
o
The stock value of finished products a company holds in inventory 30
In the history of modern computers, which of the following came first?
o
The World Wide Web
o
Microprocessors
o
Mainframe computers
o
PCs 31
According to Jones (2007), what attributes should information provided to managers have to be useful to the organization?
o
Complete, accurate, relevant, and timely
o
Complete, efficient, effective, relevant
o
Clear, quality, engaging, and responsive
o
Superior, relevant, timely, and innovative
BUS 211 Week 5 Business Portfolio Presentation and Paper
InstructionsResource: Appendix A
Review the assignments you completed throughout the course.
Write a 700- to 1,050-word paper describing the fictional business you created.
Include information on the following topics: Business organization Potential legal or ethical issues Business culture
Types of motivation Technology The operations of the five areas of human resource management in your fictional
company The effects and costs of operations and materials management on your fictional
company
Create a 10- to 15-slide Microsoft® PowerPoint® presentation supporting the information included in your final paper. You may use text, charts, tables, and visuals to detail the different areas of business found within your company.
Include detailed speaker notes, a title slide, and an APA-formatted reference slide.
Post your final paper along with your Microsoft® PowerPoint® presentation as attachments.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
BUS 211 Week 5 IT Applications Hardware and Software Components
InstructionsResource: Your Week 5 collaborative learning team discussion and Ch. 9 of Introduction to Business
Discuss with your assigned team members the following IT applications, hardware, and software components and how they affect your everyday life at home and at work.
Transaction processing systems Knowledge management systems Expert system and artificial intelligence Enterprise resource planning systems E-commerce systems Legacy systems Mainframe computers Microprocessors PCs Network computers World Wide Web and the Internet
Wired and wireless broadband technology PC software Networking software Computer security software
Individually complete the table in Appendix C by describing the uses of the IT applications and hardware and listed software components.
Post Appendix C as an attachment.
Click the Assignment Files tab to submit your assignment.
BUS 211 Week 5 quiz
InstructionsYour answers : 7/7 (100%)
1
Which component of the HRM system determines who is the best fit for the organization’s specific job requirements?
o
Performance appraisal and feedback
o
Recruitment and selection
o
Labor relations
o
Pay and benefits 2
What leadership approach would a leader take if they were to combine a concern for the well-being of the employee with an approachable demeanor and attitude?
o
Direct approach
o
Supportive approach
o
Achievement-oriented approach
o
Participative approach 3
A three stage business plan is used by managers. Which of the following is one of the stages?
o
Assembling raw materials into finished products
o
Answering questions about products from customers
o
Selecting goals and targets for team members
o
Calling customers to sell products 4
When looking at a demand curve for a particular product. The slope falls downward from left to right. This slope shows which of the following:
o
As price increases, quality increases.
o
As price decreases, quantity increases.
o
As quantity decreases, price decreases.
o
As price decreases, quality increases. 5
Marketing, operations, sales distribution, and customer service support are included in what functions of a business?
o
Tertiary function
o
Secondary value function
o
Primary value function
o
Complimentary function 6
A detailed SWOT analysis would classify competition in the industry or market as a
o
strength
o
weakness
o
opportunity
o
threat 7
What term best describes the buyers and sellers available for a particular product?
o
Supply
o
Market
o
Demand
o
Company