Devry BUSN 115 Full Course Latest

1. Devry BUSN 115 Full Course Latest Just Click on Below Link To Download This Course: https://www.devrycoursehelp.com/product/devry-busn-115-full-course-latest/ Or Email us help@devrycoursehelp.com Devry BUSN 115 Full Course Latest Devry BUSN 115 All Discussions latest Devry BUSN 115 Week 1 Discussion DQ 1 & DQ 2 Latest DQ 1 Laws and Regulations (graded) Do laws and regulations always restrict or impede the efforts of business professionals, or can they actually help businesses? In addition to this, could you list some examples of laws or regulations that may have impeded business lately? DQ 2 Entrepreneurship Failure (graded) The risk of failure is an inherent part of free enterprise. Does society have an obligation to come to the aid of entrepreneurs who try but fail? Why or why not? Also, please discuss some ways you can minimize your risk. Devry BUSN 115 Week 2 Discussion Latest DQ 1

2. Global Markets (graded) How can a company use licensing agreements to enter world markets? What two fundamental product strategies do companies choose between when selling their products in the global marketplace? Devry BUSN 115 Week 3 Discussion Latest Starting a Business (graded) What are the advantages of buying a business rather than starting one from scratch? What are the advantages and disadvantages of owning a franchise? Devry BUSN 115 Week 4 Discussion Latest Purchasing Process (graded) Think of a product you recently purchased and review your decision process. Why did you need or want that product? How did the product’s marketing influence your purchase decision? How did you investigate the product before making your purchase decision? Did you experience cognitive dissonance after your decision? Devry BUSN 115 Week 5 Discussion Latest Motivation Theories(graded) Chapter 7 discusses several styles of leadership, including autocratic, democratic, and laissez-faire. How do each of these styles relate to Theory X and Theory Y assumptions about workers? Devry BUSN 115 Week 6 Discussion Latest

3. Supply-Chain Management (graded) How can supply-chain management (SCM) help a company establish a competitive advantage? What are ways that companies can improve their supply chains? Devry BUSN 115 Week 7 Discussion Latest Accounting Firm (graded) The senior partner of an accounting firm is looking for ways to increase the firm’s business. What other services besides traditional accounting can the firm offer to its clients? What new challenges might this additional work create? Devry BUSN 115 All Homework latest Devry BUSN 115 Week 3 Homework Week 3: LEMONADE STAND, PART I Background As you have read about in our lecture, we have used a lemonade stand to help us understand some basic concepts of business.As we pointed out, a lemonade stand has a simple business structure; yet, it can help us understand almost every function of a firm; such as marketing, operations, finance, technology, entrepreneurship and many other aspects. In our two assignments in this course, you will own and operate your very own lemonade stand as you apply the knowledge you have learned from the course. Scenario You have decided to open a lemonade stand in your local neighborhood. You have grand plans for this stand and expect to attract many customers. In part I of this assignment, you will develop the basic premise of your new company. Please answer the following questions, utilizing the textbook, to ensure you apply the lesson we have learned in the previous weeks. – Develop a creative name for your Lemonade Stand, and then explain why a name is important when you are considering branding options?

4. – Create a Mission Statement for your Lemonade Stand (Chapter 7); then explain why a mission statement is important for any company? – You are very involved in your community; please outlineyour CSR plan (Chapter 4) for your business. – The textbook lists many different types of pricing strategies, please pick one of these and explain how you will deliver on this strategy with your stand. (Chapter 14) – Even though you only sell to local customers, you understand that you could package your lemonade and sell it online globally.Evaluate whether or not the company should go global by creating an online presence and selling your lemonade online (Chapter 3). Activity You are to write roughly 500 words in answering all questions posted above for your Lemonade Stand. (Please note: you may list the questions in your paper and answer these in a step by step process, but the word count will only apply to your written words). The paper needs to be written in an APA format and should have at least your textbook listed as a scholarly sourcein your bibliography. Please view the APA tutorial in your syllabus for more on how to format your paper. Your paper should include a cover page and running header as stipulated by APA formatting. This paper will be evaluated on how you apply the concepts that are detailed in the textbook to a practical idea. In order to receive the highest grade, it is encouraged that you review the textbook and cite specific area of the text in your responses (taking care in citing these properly). Additionally, while this is not an English class, grammar will account for a portion of your paper. Please take care in writing a well develop response. Note: For this paper and other papers that you will write in college, please note that when you reference or cite a text, if you use words that are directly from a source, they must be in quotations and cited. If you are just referencing them and have changed the words, a citation is all that is required. One final point, when writing anything in college, you must adhere to the 80/20 rule: 80% of the papers should be in your own words, while 20% make up any citations you may add. Violation of this rule could result in a zero for the assignment.

5. Devry BUSN 115 Week 5 Homework BUSN115 Week 5: Lemonade Stand, Part II Informal Business Report Background In part II of this assignment, we continue to outline various business aspects of our lemonade stand. As you continue tolearnnew concepts in thiscourse, you have seen how a lemonade stand can help us understand and apply these concepts. In Part II of your lemonade stand we will incorporate concepts from previous weeks and apply these to your newly created company. Scenario In week 3, you created a lemonade stand that you opened in your local neighborhood; you created a name, developed a mission statement, outlined a CSR plan, and picked a pricing strategy for this new company. This week you will continue to develop your idea by writing an informal business report that will share your plans with a potential business investor. A report template is available in Doc Sharing to guide you through formatting of this assignment; however, the main prompts you should address in the report include: –Branding strategy. In Part I, you decided part of the brand when you developed your pricing strategy. Continue with the other parts of the marketing mix (Place, Promotion, and Product), and discuss how the lemonade stand should be branded utilizing this marketing mix (Chapter 14). –Opportunities for new locations.Your stand in your neighborhood has been very successful and you are considering expanding operations. In doing so, you will need to outline some criteria for potential new locations (Chapter 15). –Promotion plans.You have a $ 10,000 budget to promote your stand in the local community. Please outline two or three ways you could promote this business (please include costs involved in these promotions) (Chapter 16). –Employee Training.You have hired several people to run your lemonade stand, as you simply are too involved in the strategic aspects of the business. As such, you have seen sales drop. What are some ways you can motivate your employees to improve sales? (Chapter 10) Activity Once you have considered the points above, please provide responses and explanations using the template provided in Doc Sharing (titled “Lemonade Stand Informal Business Report”). Utilize your textbook and apply the lessons we have learned in previous weeks to develop and support your plans. By offering support and developing your response, you must provide examples, elaboration, or justification, often in the form of information gathered from your textbook. When integrating support from

6. your textbook, be sure to use APA style to provide in-text citations within the paragraph and a full end reference on a separate Reference Page after the Business Plan. Examples of APA formatting are included in the template. You are to write roughly 500 – 750 wordsin answering all points posted above for your Lemonade Stand. This informal business report will be evaluated on how well you apply the concepts that are detailed in the textbook to a practical idea. In order to receive the highest grade, it is required that you review the textbook and cite specific areas of the text in your responses (taking care in citing these properly in APA style). Additionally, while this is not an English class and while the content of your ideas is most important, grammar and sentence structure will account for a portion of your report grade. Please be sure to writewell-developed responses in complete sentence and paragraph format. Note: For this assignment and other college writing assignments, please note that when you reference or cite a text, if you use words that are directly from a source, they must be in quotations and cited. If you are just referencing them and have changed the words, a citation is still required. One final point, when writing anything in college, you must adhere to the 80/20 rule: 80% of the papers should be in your own words, while 20% make up any citations you may add. Violation of this rule could result in a zero for the assignment. GRADING RUBRIC Grading Rubric:Category PointsDescription Demonstrates a strong grasp of thepromptsby fully addressing required components with creativity, insight, and logical application. Criteria/Creativity 30 Demonstratesunderstanding of the course content by applying concepts from the lectures and text and showing citations from the text when addressing the prompts. The report clearly explains business plans to an investor as the audience. Understanding 50 Responses follow a clear purpose and are written succinctly using strong organization, development, and proper grammar. Citations and a Reference Page are correctly formatted using APA style. Word count for thebusiness reportshould be between 500 – 750 words (not including the Reference Page or template information). Execution 20 Total 100 A quality assignment will meet or exceed all of the above requirements.

7. Devry BUSN 115 All Quizes latest Devry BUSN 115 Week 2 Quiz Latest 1. 1.Question : (TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market. Assets Economies of scale Barriers to entry Technological requirements Fixed costs Question 2. Question : (TCO 1) The _____ function of an organization coordinates the incoming flow of materials and the outgoing flow of finished products. finance logistics human resource purchasing sales Question 3. Question : (TCO 1) Which of the following positions would be responsible for establishing the long-term financial goals of the company, investing its funds and raising capital for the business? Cash manager Internal auditor Chief information officer Forensic accountant Treasurer

8. Question 4. Question : (TCO 1) When the number of competitors in a market is quite small, a situation known as _____ is created. monopoly monopsony oligopoly monopolistic competition pure competition Question 5. Question : (TCO 1) _____ is a steady rise in the average prices of goods and services throughout the economy. Recession Depression Deflation Inflation Arbitration Question 6. Question : (TCO 1) ________ taxes, levied on the earnings of individuals and businesses, are the government’s largest single source of revenue. Income Property Sales Excise Payroll Question 7. Question : (TCO 1) _____ intelligence involves reasoning, problem solving, memorization, and other rational skills. Cognitive

9. Emotional Social Collaborative Networking Question 8. Question : (TCO 1) The overall plan might be supported at the next level down by such plans as a research and development plan, a manufacturing plan, and a marketing plan. Such functional plans are called _____ plans. appraisal strategic contingency tactical corporate Question 9. Question : (TCO 1) _____ is the management function of keeping a company’s activities on track toward previously established goals. Organizing Leading Planning Motivating Controlling Question 10. Question : (TCO 2) An embargo is a _____. quantity restriction on the import of particular goods or services surcharge imposed on the import of certain products subsidy offered to products exported from a country complete ban on the import or export of certain products

10. form of financial assistance extended to domestic producers Question 11. Question : (TCO 2) The _____ was established to foster international financial cooperation and its primary functions include providing short-term loans to countries that are unable to meet their financial obligations and working to alleviate poverty in developing economies. World Trade Organization World Commerce Center European Union North American Free Treaty International Monetary Fund Question 12. Question : (TCO 2) _____ refers to buying goods or services from a supplier in another country. Franchising Importing Licensing Partnering Intermediating Question 13. Question : (TCO 2) _____ refers to the degree to which information flows freely within an organization, among managers and employees, and outward to stakeholders. Philanthropy Materialism Whistle-blowing Transparency Utilitarianism Question 14. Question : (TCO 2) Which of the following is an example of whistle-blowing?

11. An employee discloses confidential information about the company to a rival firm for personal gain. An employee suggests some process changes to his manager that he claims will increase the productivity of the team. An employee avoids taking ownership of his mistakes by blaming it on his coworkers. An employee informs the manager that some of his team members are misusing confidential customer details from the company database. An employee who is unsatisfied with his performance appraisal requests his manager for a re- evaluation of his performance. Question 15. Question : (TCO 2) Which of the following statements is true regarding ethical decision making? When an employee is unable to make a decision because more than one side of an issue can be supported with valid arguments, it is called an ethical lapse. The disclosure of information by a company insider that exposes unethical behavior by others within the organization is called an ethical lapse. Stakeholders’ needs often conflict, requiring managers to make tough decisions about resource allocation. Making objective decisions will lead to ethical lapses. When the question of what is right and what is wrong is clear, ethical decisions are easy to implement. (TCO 1) The overall plan might be supported at the next level down by such plans as a research and development plan, a manufacturing plan, and a marketing plan. Such functional plans are called _____ plans. appraisal strategic contingency tactical

12. Devry BUSN 115 Week 4 Quiz Latest Question 1. Question : (TCO 3) A small business is defined as a company that _____. is newly launched and has fewer than 100 shareholders is dominant in its field and employs fewer than 1,500 employees has a revenue of less than $750,000 is independently owned and operated and not dominant in its field is funded through personal lines of credit and has fewer than 1,000 employees Question 2. Question : (TCO 3) One of the general characteristics of a small business is that it typically sells fewer products _____. to a larger customer base to fewer market segments to foreign companies at lower costs to government agencies at higher costs Question 3. Question : (TCO 3) TechPoint, a technical writing and business documentation firm, finds it difficult to handle its training requirements. The company forms a one-year contract with Impact Inc., a language training firm, to conduct training and refresher courses for their employees. This is an example of _____. downsizing outsourcing vertical integration market penetration diversification

13. Question 4. Question : (TCO 3) _____ are expensive organizational products with a long useful life. Shopping products Capital items Expense items Specialty products Convenience products Question 5. Question : (TCO 3) The introductory stage will be followed by a _____ stage for a successful product. maturity research saturation growth infiltration Question 6. Question : (TCO 3) The maturity stage of product lifecycle is _____. a stage where a product’s price is at a high level usually the shortest stage in a product’s lifetime characterized by steep decline in profits typically followed by a growth stage a stage where firms have to win sales away from others Question 7. Question : (TCO 4) Which of the following statements is true about the consumer decision process? Behavioral economics suggests that consumer behavior follows a completely rational process. Cognitive dissonance refers to the delivery of marketing messages to people who are not aware that they are being marketed to.

14. Companies, government agencies, and other organizations that buy goods and services are a part of the consumer market. Many consumers tend to believe that “you are what you buy,” so they make or avoid choices that support their desired self-images. Aspirational reference groups are those to which consumers actually belong, such as families, networks of friends, clubs, and work groups. Question 8. Question : (TCO 4) The process of examining an organization’s current marketing situation, assessing opportunities and setting objectives, and then developing a marketing strategy to reach those objectives is called _____. stealth marketing strategic marketing planning marketing research social commerce marketing concept Question 9. Question : (TCO 4) Creating new goods and services for a firm’s current markets is called _____. market penetration product development market development diversification pure play Question 10. Question : (TCO 4) Wholesalers differ from retailers in that wholesalers _____. sell products to organizational customers are marketing intermediaries primarily sell products to consumers for personal use

15. cannot sell products to consumers for personal use create place utility and time utility Question 11. Question : (TCO 4) AMS Technologies, a computer hardware reseller, purchases computer components from leading manufacturers and builds fully operational personal computer systems customized for specific consumer requirements, such as nonlinear video editing capabilities. The firm sells its products to various companies and educational institutions. AMS Technologies belongs to which of the following class of intermediaries? Retail outlet Drop shippers Manufacturers’ representatives System integrators Specialty stores Question 12. Question : (TCO 4) Producers rely on a class of intermediaries called value-added resellers (VARs) to assist with which of the following functions? Transport the goods from the producer to the retail outlets Assist with advertising, in-store displays, and other promotional efforts Provide market information Divide bulk quantities into smaller packages Complete or customize solutions for customers Question 13. Question : (TCO 4) The government agency that has the authority to impose penalties against advertisers who violate federal standards for truthful advertising is the _____. Federal Communications Commission Consumer Product Safety Commission Federal Trade Commission Federal Advertising Administration

16. Federal Regulatory Commission Question 14. Question : (TCO 4) In _____, behaviorally targeted ads follow users even as they move on to other websites. attack ads advocacy advertising cooperative advertising remarketing search engine marketing Question 15. Question : (TCO 4) A television commercial promoting a new range of naturally flavored ice cream, manufactured by Ice Fountain, an ice cream and candy manufacturing firm, is an example of which of the following elements in the communication mix? Institutional advertising Sales promotion Social media Product advertising Personal selling (TCO 3) The introductory stage will be followed by a _____ stage for a successful product. maturity research saturation growth infiltration week 6

17. Devry BUSN 115 Week 6 Quiz Latest 1. 1.Question : (TCO 5) A group of employees in American Game Technology Inc., a manufacturer of gaming machines, got together to arrange a paper recycling drive in the office.Though they came from different departments, they shared a common belief in environmentalism, and often discussed issues related to environmental conservation. This is an example of _____. scapegoating informal organization groupthink work specialization emotional contagion Question 2. Question : (TCO 5) Which of the following does an organization chart do? Depicts the attrition rate in the organization Depicts the costs incurred by the organization Shows lines of authority in the organization Shows the performance of the organization Shows the growth curve of employees Question 3. Question : (TCO 5) _____ is defined as a pathway for the flow of authority from one management level to the next. Span of management Span of control Departmentalization Network structure Chain of command

18. Question 4. Question : (TCO 5) Ace Inc., an American multinational computer software company, has a large number of hierarchical levels. Each manager is responsible for a few employees and maintains a tight control on them. At Ace Inc., the time taken to make decisions is very high, as each decision needs to go through numerous management layers. Which of the following statements is true about the organizational structure of Ace Inc.? Ace Inc. has a narrow span of management. Ace Inc. is a flat organization. Ace Inc. lacks work specialization. Ace Inc. is a decentralized organization. Ace Inc. encourages employees to form self-managed teams. Question 5. Question : (TCO 5) Kelly, who had recently joined an organization, participates in all corporate events because she wants to be accepted as a friend by her coworkers. According to David McClelland’s three-needs theory, this desire is known as _____. need for power need for achievement need for self-esteem need for affiliation need for security Question 6. Question : (TCO 5) Which of the following is a drawback of David McClelland’s three- needs theory? It explains motivation in limited contexts. It has limited practicality in terms of identifying needs. It is criticized because of the methodology used in the original research. Subsequent research was unable to validate the model. It is illogical.

19. Question 7. Question : (TCO 5) Belief in your ability to complete a task is known as _____. drive self-efficacy self-actualization rootedness self-motivation Question 8. Question : (TCO 5) _____ refers to the idea that carefully designed performance targets and aims can motivate employees to higher performance. Goal-setting theory Equity theory Herzberg’s two-factor theory David McClelland’s three-needs theory Expectancy theory Question 9. Question : (TCO 5) _____ refers to a motivational approach in which managers and employees work together to structure personal goals and objectives for every individual, department, and project to mesh with the organization’s goals. Scientific management Theory X-oriented management Management by objectives Theory Y-oriented management Micromanagement Question 10. Question : (TCO 5) K.M. Retailers, an international consumer products retail chain, gives preference to women and minority-owned suppliers and subcontractors. The firm hires a large number of employees from ethnic minorities and the human resource department keeps the

20. interests of these groups in mind while framing company policies. In this example, K.M.Retailers uses which of the following strategies? Job enrichment Ethnocentric policies Decentralization Deregulation Diversity initiatives Question 11. Question : (TCO 5) Harmony House, a software development firm, had recently hired a large number of software developers to work on several new projects. Colleen, the manager of the human resource department, wanted to assess the effectiveness of the recruitment team. She used a combination of criteria, including the percentage of qualifications met, and subjective assessment by managers to measure how closely newly-hired employees met the company’s needs. Colleen is most likely to be using which of the following tools? Quality of hire Employee satisfaction Utilization percent Job enrichment Outplacement Question 12. Question : (TCO 6) _____ refers to the efficiency with which an organization can convert inputs to outputs. Productivity Sustainability Security Capacity System value

21. Question 13. Question : (TCO 6) _____ refers to the creation of a unique good or service for each customer. Mass production Batch production Customized production Mass customization Standard production Question 14. Question : (TCO 6) Jass Glass Studio has been hired to make a church window. A church hires the company to make ten windows based on a design provided by the church. This is an example of _____. mass production batch production customized production mass customization standard production Question 15. Question : (TCO 6) Dell Computers allows customers to place orders online. The company produces major parts using bulk production and allows customers to personalize such features as software, color, memory size, and screen size. This type of manufacturing is an example of _____. mass customization mass production customized production mass manufacturing (TCO 5) Which of the following does an organization chart do? Depicts the attrition rate in the organization

22. Depicts the costs incurred by the organization Shows lines of authority in the organization Shows the performance of the organization Shows the growth curve of employees Devry BUSN 115 Final Papers latest final Question 1.1. (TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market. (Points : 5) Assets Economies of scale Barriers to entry Technological requirements Fixed costs Question 2.2. (TCO 1) People who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address include which of the following? (Points : 5) Bankers Government employees Surrounding/competing businesses Foreign business leaders Domestic business leaders Question 3.3. (TCO 1) As a pharmacist in your community, you are concerned with the level of service provided to those in need at odd hours and after hours and in the neighborhoods where such extended service is needed. Your concerns are centered on which of the following? (Points : 5) Making products and counseling available when consumers need them

23. Changing the buying behaviors of consumers Understanding the risks of some of the products offered for sale Doing whatever is necessary to provide credit through debit cards and credit cards Providing open and free-flowing communication to the consumers Question 4.4. (TCO 3) Which of the following is true about a small business? (Points : 5) A small business is one that employs between 500 to 1000 employees. A small business is usually funded by personal lines of credit and not through bank loans and microlenders. A small business is one that is not dominant in its field. A small firm usually curtails the freedom to innovate. A small firm avoids risks that larger firms are willing to take. Question 5.5. (TCO 1) You own Wash This Way Laundromat in a busy part of town. ABC Laundry, a chain store competitor, opened across the street in a busy shopping strip. You decide to improve your business by adding an internet café offering free Wi-Fi. Why? (Points : 5) To promote private ownership of businesses To improve quality of life To exceed customer expectations To expand your market Question 6.6. (TCO 2) One advantage of globalization is _____. (Points : 5) all government regulations are eliminated all trade barriers are eliminated production costs are reduced because of reduced labor cost oppressive governments benefit Question 7.7. (TCO 3) One disadvantage of free trade is _____. (Points : 5)

24. domestic companies can lose their comparative advantage uninterrupted flow of capital provides for lower interest rates workers will be given across-the-board pay increases a company’s productivity grows when it has an absolute advantage domestic workers can be trained for additional jobs Question 8.8. (TCO 3) Advantages of a Limited Liability Corporation (LLC) include all of the following EXCEPT (Points : 5) unrestricted member participation in management. pass-through taxation benefits of a partnership. advantages of limited liability. limited number of shareholders. Question 9.9. (TCO 2) There have been reports of cell phone service sales representatives who actually lie to get customers to extend their contracts, or even extend their contracts without the customers’ knowledge. Some phone reps intentionally hang up on callers to prevent them from canceling their contracts. Why do these sales reps sometimes resort to overly aggressive tactics? (Points : 5) Excellently designed incentive programs reward them tax free. Salaries can be reduced by half in such instances. Their managers say, “Deceive the customers.” Overly ambitious goals and incentives create an environment in which people can learn and grow. Overly ambitious goals and incentives create an environment in which unethical actions are tolerated. Question 10.10. (TCO 3) What is a key feature of intrapreneurship? (Points : 5) It encourages sticking with the accepted wisdom. It is often found in companies that are rigid and structured.

25. Steps are never needed to encourage, protect, and reward intrepreneurship. It can be risky behavior that may not be rewarded. Question 11.11. (TCO 4) Consumers have needs for living and wants, which are desires and to know them helps businesses to meet market demands. From the following list, identify which combination is just needs, or just wants. (Points : 5) Food and Big Mac Motorcycle and car Shelter and condo Water and Coca-Cola Question 12.12. (TCO 4) The rapid spread of brand communities has been one of the major impacts of social media. The Harley Davidson Owners Group is one example of an informal network of people with similar interests who use social media to bond and share information. Why are these brand communities effective? (Points : 5) The cost of consumer-oriented publications is too expensive. Consumers now trust their peers more than any source for product information. Consumers no longer trust salespeople. State and local consumer protection agencies no longer review products. Question 13.13. (TCO 4) Successfully distributing goods to customers involves low cost and customer satisfaction. Several steps must take place in order to reach this goal. Which step need NOT be considered in the physical distribution of goods? (Points : 5) Order processing Market segmentation Inventory control Transportation

26. Question 14.14. (TCO 5) Managers of employees from different cultural and geographic backgrounds have unique opportunities to reach out to new markets and understand ways to extend their products to new markets. A better understanding of other cultures’ customs and concerns helps managers’ to increase customer satisfaction and customer loyalty. Part of cultural competency is not only understanding different languages, but also understanding: (Points : 5) Similar food selections Looking others in the eye when speaking to them How much money people make How tall people are when compared to others How people wish to be addressed Question 15.15. (TCO 6) Some of the characteristics of lean systems include which of the following? (Points : 5) They take twice the human effort. They have the same defects in the finished product. They require half of the engineering effort. They use half the floor space for the same output. They carry 50% more inventory. Question 16.16. (TCO 7) A common reason that companies fail is (Points : 5) underspecialization. an excellent control of cash flow. a lack of adequate sales revenue. an inadequate control of expenses. an inadequate managerial expertise. Question 17.17. (TCO 7) What are the three interrelated reports required by law for all publically traded companies that act as vital management tools for all companies, big and small? (Points : 5)

27. Ledger, operating budget, balance sheet Journal, adjusted trial balance, income statement Balance sheet, income statement, statement of cash flows Expense report, balance sheet, capital budget Page 2 Question 1. 1. (TCO 1) Describe the six major functional areas in a business enterprise. (Points : 25) Spellchecker Question 2. 2. (TCO 2) Discuss the positive aspects of globalization, and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address the pros and cons of outsourcing in your response. (Points : 25) Spellchecker Question 3. 3. (TCO 3) Identify and explain the incentives for entrepreneurship. Address why someone would willingly take the numerous risks associated with running a business. Also, discuss the major attributes necessary for a successful entrepreneur.(Points : 25) Spellchecker Question 4. 4. (TCO 4) Identify the four Ps of marketing, and give an example how each of the four Ps can be used to market your favorite product or service. (Points : 25) Spellchecker Question 5. 5. (TCO 5) Discuss the advantages and disadvantages of work specialization. (Points : 25) Spellchecker Question 6. 6. (TCO 6) Given the following companies—Boeing (airliner manufacturer) and Dell Computer (computer manufacturer)—which facility layout would be the most suitable for each? Justify your response. How would each company determine the location of its facilities? List the specific needs and requirements of each company when determining location.(Points : 25)

28. Spellchecker Question 7. 7. (TCO 7) Describe double-entry bookkeeping and the matching principle. (Points : 25) Spellchecker Download File Now