BUSI 1301 Mid-Term – Flashcards
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All of the following are basic categories of communication barriers EXCEPT:
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holistic barriers.
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All of the following are examples of the five distinct eras of American business history EXCEPT the:
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Technology Era.
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A "spin-off" is a common type of _____.
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divestiture
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A _____ merger is the combination of firms in the same industry.
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horizontal
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A basic characteristic of _____ is that both producers and consumers are free to make their own economic decisions on many basic issues.
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capitalism
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All of the following are advantages of limited liability companies EXCEPT:
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uniform state laws.
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A balance sheet reports the financial position of a firm at a particular point in time by identifying and reporting the value of the firm's assets, liabilities, and owners' equity.
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True
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All of the following are basic freedoms encouraging entrepreneurship EXCEPT:
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freedom of guaranteed profits.
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A _____ allows all partners to participate in management while also offering them limited liability.
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limited liability partnership
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All of the following suggestions will normally improve the effectiveness of your communications EXCEPT:
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using the passive voice extensively.
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A _____ maintains limited liability but offers more flexibility in terms of tax treatment than a corporation.
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limited liability company
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_____ are people willing to take the risk of starting, owning, and operating a business.
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Entrepreneurs
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Dash of Style, a leather products company in the U.S, imported leather goods worth $ 10,000 from China. When the consignment reached the U.S the company had to pay a(n) _____ on the imports.
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tariff
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A _____ is a legal business entity that offers limited liability to all of its owners.
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C corporation
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All of the following are strategies to improve your listening skills EXCEPT:
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making sure that you are as comfortable as possible before you begin listening.
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A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios, or signs of a reduced ability to repay the money they borrow.
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subprime mortgage loan
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All of the following are ways to mitigate speech anxiety EXCEPT:
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picking a spot on the wall to focus on.
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All of the following are entrepreneurial characteristics, EXCEPT:
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aversion to risk.
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_____ are among the most challenging issues faced by companies and individuals that are involved in international businesses.
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Bribery and corruption
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All of the following statements about the impact of small businesses in the U.S. economy are true EXCEPT:
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small businesses provide greater employment stability than large firms in times of economic hardship.
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A ________ is a form of partnership in which all partners have the right to participate in management and have limited liability for company debts.
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limited liability partnership
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_____ uses state-of-the-art equipment to provide people in a variety of locations the opportunity to participate interactively in a presentation, while providing a high degree of channel richness.
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Videoconferencing
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A bottom-up approach to budgeting allows for lower level managers to participate in the development of budgets.
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True
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_____ is a period of robust economic growth and high employment indicating that businesses are capitalizing on new market opportunities.
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Expansion
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Almost everyone has experienced a conversation where someone has pleaded, "That's not what I meant!" This experience is:
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an indication of a communication barrier between the messenger and the recipient.
