Bus 100 5 week Essay
Please Word process, submit with required cover page by the LDA. Do not retype the question. Please site
page numbers.
Essay 1 on Chapters 15 14 13 1 2 4th edition.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Explain what is meant by the business term "profits" as defined in this textbook.
List and describe the five factors of production.
Explain what happens when the demand curve intersects with the supply curve.
How does inflation affect purchasing power?
What is the difference between a quota and a tariff?
Explain the accounting equation.
Define the term "current assets" as found on a balance sheet.
What is the basic equation underlying the income statement? What does the income statement tell users?
What two conditions must exist for revenue recognition?
What is the matching principle? Why is it important?
Explain the current ratio.
What is the purpose of activity ratios?
What are the components of the M-1 money supply?
What are the components of the M-2 money supply?
How do credit card issuers generate profits?
The Federal Deposit Insurance Corporation (FDIC) insures, through its Bank Insurance Fund (BIF), the
accounts of depositors in its member banks. How much protection does the BIF provide?
Why is it generally understood that an investment bank takes on risk when underwriting?
List the various "values" placed on shares of stock and then designate the value that means the most to a
stock market investor.
Why would an investor wish to purchase a blue-chip stock?
Explain the features of cumulative preferred stock.
Identify the major securities exchanges.
What is a mutual fund?
Which is the most widely cited U.S. stock market index, and what is one very good reason why its
popularity could very well be seriously questioned?
Explain the stop order.
What is a prospectus?
Essay 486 B chap 3 4 5 6 7.
What is ethical behavior?
Describe the three-step model for applying ethical judgments to situations that may arise during the
course of business activities.
What are the four basic consumer rights first identified by President John F. Kennedy and now backed
by numerous federal and state laws?
Define a small business.
How do small businesses affect the U.S. economy?
What impact has small business had on innovation?
Based on the U.S. Supreme Court's opinion, what activities may a corporation perform?
Explain the concept of double taxation as it relates to a corporation.
What is the difference between a merger and an acquisition?
What are four reasons for small business failure?
What is the difference between long-term, intermediate, and short-term goals?
Differentiate between strategic, tactical, and operational plans.
What is contingency planning? Why is it important to organizations?
Why are human relations skills important to managers?
1
15.
16.
17.
18.
19.
20.
21.
22.
What elements work together to determine an organization's structure?
Why do most businesses use organization charts?
What is the difference between responsibility and authority?
Discuss the difference between delegation and accountability.
Explain what is meant by the term "utility." What are the four basic kinds of production-based utility?
In a TQM environment, how do companies organize for quality?
What is a quality/cost study? Give an example of an internal and external failure.
What is a supply chain? How can supply chain management create competitive advantage?
Short Case Scenario
Charlie W. Johnson is the founder and CEO of Johnson Tools, a relatively small facility for manufacturing
hedge clippers. A large international chain purchases almost all of the hedge clippers that Johnson Tools
produces, based on a requirement that there be a constant supply available. Charlie's son, a recent business
school graduate, has entered the business and has suggested that Charlie consider a just-in-time production
system. Charlie wonders if this would be in his best interest.
23. Explain just-in-time production.
24. What advantages could Johnson Tools expect from switching to a just-in-time system.
25. Charlie's son also learned about material requirements planning (MRP) while in school? How does this
differ from just-in-time?
486 C chap 8 9 10 11 12
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
Describe the relationship between job satisfaction and morale.
How does the organization benefit when worker satisfaction and morale are high?
How does the classical theory of motivation differ from behavior theory?
How does Maslow's hierarchy of needs model explain employee motivation?
What is the contingency approach to leadership?
Define human resource management. Why has human resource management become more important in
the past two decades?
How do human resource managers plan for human resources through job analysis?
Discuss performance appraisal.
Describe the concepts of equal employment opportunity and affirmative action.
What are the two types of sexual harassment as defined by the courts?
Define marketing.
What external environmental factors influence any marketing program?
What are the elements of the marketing mix? Define each of the components.
What are target markets and what part does market segmentation play in them?
Describe the three types of brand names and give an example of each.
What is the basic idea behind cost-oriented pricing?
Differentiate between fixed and variable costs.
Why would a firm want to set their price above the price that other competitors in the market are
charging?
Why might a retailer price a picnic table at $199.99 rather than $200.00?
What are the four elements of the promotional mix?
What is the difference between data and information?
How can electronic information technologies increase a firm's productivity and performance?
How do companies use intranets and extranets to improve productivity and performance?
Describe the most common business application programs.
Differentiate between a wide area network (WAN) and a local area network (LAN).
2