BUS FP1001 (BUSFP1001)

Which of the following best illustrates a substitute good? • Phillipe bought Brand B of diet soda when the price for Brand A increased. • Phillipe decided not to purchase diet soda when the price for Brand A increased. • Phillipe bought Brand A of diet soda because it was his favorite brand. • Phillipe went to a different store to see if he could find a good price on Brand A. 2 Meredith created organic soaps and lotions and sold them at her local farmers' market. She originally only acc...

An employee reported a safety violation at her workplace. Her supervisor tried to force the employee to quit by reducing her work hours and cutting wages. Which form of discrimination below does this scenario illustrate? • Quid pro quo • Age discrimination • Sexual harassment • Hostile work environment 2 A group of employees met with the management of a company. The two groups negotiated to determine the terms and conditions of employment at the company. Which of the following is...

Guy wanted to buy the latest gaming system to fit in with his friends at school. Which type of consumer behavior influence below does this illustrate? • Psychological • Social • Personal • Cultural 2 Which of the following is NOT an example of false advertising? • Advertising an orange drink as juice when the ingredients do not list any juices. • Claiming clinically proven health results for a food product that lacks scientific testing reports. • Providing supporting ...

Which of the following best illustrates a substitute good? • Phillipe bought Brand B of diet soda when the price for Brand A increased. • Phillipe decided not to purchase diet soda when the price for Brand A increased. • Phillipe bought Brand A of diet soda because it was his favorite brand. • Phillipe went to a different store to see if he could find a good price on Brand A. 2 Meredith created organic soaps and lotions and sold them at her local farmers' market. She originally...

Which of the following explains why a business calculates its current ratio? • To determine whether it is credit worthy • To evaluate its profitability • To evaluate its liquidity • To determine the initial stock price 2 Which of the following illustrates a pure risk? • A company experiences a data breach after upgrading technology. • A company loses all customer data after a tornado destroys the corporate office. • A company loses money after introducing a new produc...

Stan was recently hired by a large corporation as a financial manager. Which of the following is NOT considered to be one of his primary responsibilities? • Stan analyzed returns for long-term investments. • Stan forecasted hiring needs due to turnover. • Stan obtained funding to make needed investments. • Stan assisted in the risk evaluation process. 2 Which of the following is the basis for financial management? • Determine the current and future needs of a business • Fund po...

Lindsey decided to open a franchise fitness center instead of starting her own business from scratch. Which of the following is an advantage to Lindsey purchasing the franchise? • Lindsey can select the suppliers for purchasing the workout equipment. • Lindsey can get help with marketing and advertising the new business. • Lindsey can determine what fitness options she will provide her customers. • Lindsey can create the logo and company slogan for the fitness center. 2 Which o...

Which of the following is why a business should operate in a socially responsible manner? • Socially responsible efforts require little effort to implement. • Consequences from business decisions may have an impact on society. • A socially responsible business will be more profitable. • Social responsibility is required by government regulations. 2 Sophie and Caroline co-owned a small restaurant. Sophie believed that she was supposed to handle relationships with all of their suppli...

Which of the following best illustrates a substitute good? • Phillipe bought Brand B of diet soda when the price for Brand A increased. • Phillipe decided not to purchase diet soda when the price for Brand A increased. • Phillipe bought Brand A of diet soda because it was his favorite brand. • Phillipe went to a different store to see if he could find a good price on Brand A. 2 Meredith created organic soaps and lotions and sold them at her local farmers' market. She originally...