BUSN 115 Entire Course Intro to Business & Technology-Recent 2014 DeVry studentswithsolutions/view-tutorial.aspx?TutorialId=38896 BUSN 115 Week 1 Discussions 1 In What Manner is Wal-Mart Influencing America? Posted by All Students 54 Pages Do Wal-Marts business practices raise or lower our standard of living? How? Why do you think this is so? Is Wal-Marts business strategy fair and equitable to all parties? Why or why not? BUSN 115 Week 1 Discussions 1 Can Social Entrepreneurship Succeed? Posted by All Students 47 Pages What are the risks for a social entrepreneur? Why? What are the benefits for a social entrepreneur? Why? What are the similarities and differences between business entrepreneurs and social entrepreneurs? Why is this important to consider and discuss? Can social entrepreneurship be successful in our capitalistic society; if so, how? Why? If not, why not? What should be changed in our capitalistic society to assist social entrepreneurs in becoming successful? Why? Would strict capitalists recommend such changes in order to accommodate social entrepreneurs? How? BUSN 115 Week 2 Discussions 1 International Trade or Stay Close to Home? Posted by All Students 50 Pages Most of the world’s population lives outside the United States. However, many U.S. companies, especially small businesses, still do not engage in international trade. Why do you think this is the case? If you were a small business owner, would you want to engage in international trade? Why? Why not? What impact would your endeavors in international trade have on your business? Why? BUSN 115 Week 2 Discussions 2 Industrialized Versus Developing Posted by All Students 43 Pages The United States is considered to be an industrialized nation because we have such a high standard of living. Countries with lower standards of living are considered to be emerging or developing nations. What factors prevent developing countries from becoming developed? Why? What are the responsibilities of industrialized nations to developing nations in this regard? Why? What are the responsibilities of businesses in industrialized nations to businesses in developing nations? Are there any? Why? Why not? BUSN 115 Week 3 Discussions 1 Socially Responsible? Posted by All Students 35 Pages Will there ever be a single set of international rules governing multinational companies? Why? Why not? In what way are United States businesses demanding socially responsible behavior from their international suppliers? Why is this important to discuss? BUSN 115 Week 3 Discussions 2 Is it a Matter of Ethics? Posted by All Students 33 Pages An acquaintance of yours in your class has just asked you if he or she could copy a paper you wrote for another instructor last semester. Chances seem good that last semester’s instructor and your current course instructor don’t talk with one another much. Given that, what are your alternatives? What are the consequences of each? Would this situation have been easier to resolve if you had asked yourself the three ethical test questions listed in this week’s assigned chapter? Why? Why not? BUSN 115 Week 4 Discussions 1 Ethical Considerations Posted by All Students 32 Pages You’re thinking about starting your own chain of upscale, drive-through espresso stands. You have several ideal sites in mind, and you’ve analyzed the industry and all the important statistics. You have financial backing, and you really understand the coffee market. In fact, you’ve become a regular at a competitor’s operation for over a month. The owner thinks you’re his best customer. He even wants to name a sandwich creation after you. But you’re not there because you love the espresso. No, you’re actually spying. You’re learning everything you can about the competition so you can outsmart them. Is this behavior ethical? BUSN 115 Week 4 Discussions 2 A Small Business and Social Media Posted by All Students 53 Pages What is your overall goal in using social media? Have you used social media on a personal level? If so, how? Were there any problems? How did you get past the problems? What do you see as the advantages to using social media in a small business? Why? What do you see as the disadvantages to using social media in a small business? Why? How do you see integrating the use of social media in your day-to-day operations? Why is this important to consider? How will you know if your social media efforts are successful? What would be your leading indicators? If your social media efforts were not successful, what would be your exit plan or exit strategy? Why? How? How long should you wait to know if your efforts are successful? BUSN 115 Week 5 Discussions 1 Communication: In a Promotional Way Posted by All Students 30 Pages What kinds of problems can emerge if a firm doesn’t communicate with environmentalists, the news media, and the local community? Why? Do you know of any firms that aren’t responsive to your community? If so, describe the firm and tell us why it isnt responsive. What are the consequences if a firm chooses to ignore such stakeholder groups? BUSN 115 Week 5 Discussions 2 Blogs, Podcasts, and Social Media Posted by All Students 35 Pages How have blogging, podcasting, and social media affected other media you use, like news sites, newspapers (either printed or online versions of the printed papers), or television? Do you think blogging is an influential word-of-mouth promotional tool? Why? Why not? Do you read newspapers now? If so, which ones? Why? BUSN 115 Week 6 Discussions 1 What? Me!? A Manager? Posted by All Students 53 Pages Do you prefer to work for a small firm or a large firm? Why? Do you prefer to work for a private company or a public company? Why? Do you prefer to work in the for-profit sector or the not-for-profit sector? Why? Do you prefer to work in an office setting? Why? Do you prefer to work out in the field? Why? What kind of leader do you think that you would be? Why? Do you have any information to support your self-perceived leadership style? If so, what is this information? BUSN 115 Week 6 Discussions 2 Workers and Robots: Fair and Equitable? Posted by All Students 38 Pages Are you concerned that automation may increase unemployment or underemployment in the United States and around the world? Why? Why not? Is using robotic technology in a factory in the United States a fair and equitable solution to the high cost of human labor? Why? Why not? BUSN 115 Week 7 Discussions 1 Effects of Information Technology on Management Posted by All Students 50 Pages Evaluate and discuss the human resource, security, privacy, and stability issues affected by information technology. The increase of information technology has affected management greatly. The best guess is that it will probably continue to do so. Given that, discuss the issues from the perspective of change and change management. What is the impact of such issues on the management of information technology? Conversely, what is the effect of information technology on management? Why is this important to discuss? In what way does information technology and management impact what you do at your job on a day-to-day basis? Why do you think this is important to discuss? BUSN 115 Week 7 Discussions 2 Financial Controls Posted by All Students 33 Pages The company you co-founded last year is growing rapidly and has strong prospects for an IPO in the next year or two. The additional capital that an IPO could raise would let you hire the brightest people in the industry and continue to innovate with new product research. There is one potential glitch: you and the rest of the executive team have been so focused on launching the business that you haven’t paid much attention to financial control. You’ve had plenty of funds from venture capitalists and early sales, so working capital hasn’t been a problem, but an experienced CEO in your industry recently told you that you’ll never have a successful IPO unless you clean up the financial side of the house. Your co-founders say they are too busy chasing great opportunities right now, and they want to wait until right before the IPO to hire a seasoned financial executive to put things in order. What should you do and why? BUSN 115 Week 1 Assignment Prepare a two- to three-page paper in APA style, sixth edition format, that describes, explains, addresses, and answers the following questions or statements. Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? (9 points) Describe and explain why a socialist system might be the best in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January 2010. (9 points) Use the laws of supply and demand to explain why the cost to heat our homes and businesses goes up in the winter time. Be sure to explain your answer fully. (9 points) Include APA style in-text citations, as well as a reference section. (3 points) The socialist economic system is best suited for handling crises of epic proportions because the government is responsible for the employment of members of the emergency teams, such as the police department, the ambulance, and the fire department among… BUSN 115 Week 2 Assignment Prepare a two-to three-page paper in APA style, sixth edition format, that describes, explains, addresses, and answers the following statements. What cultural factors must U.S. sports franchises overcome to increase popularity abroad? Why? (9 points) How can franchises ensure their products are appropriate for international markets? (9 points) Should governments protect their industries by…. Cultural Factors that U.S. Sports Franchises Must Overcome to Increase Popularity Abroad One of the cultural factors that sports franchises must overcome to increase popularity overseas includes increasing the people’s familiarity with the… BUSN 115 Week 2 Quiz (TCO 1) A partnership in which two more companies (sometimes from different countries) join to undertake a major project is called (TCO 3) A global strategy in which a licensor allows a licensee to produce its product in exchange for a royalty is (TCO 3) The value of one nation’s currency relative to the currencies of other countries is known as BUSN 115 Week 3 Assignment Prepare a two-to three-page paper in APA style, sixth edition format that describes, explains, addresses, and answers the following. The United States has several laws that are intended to further fair, balanced, and competitive business practices (85 points total). … All businesses are affected by the legal and regulatory environment, which consists of regulations at the international, national, and state levels (Bovee & Thill, 2013). Although these laws may be quite restrictive for businesses, this paper contends that… BUSN 115 Week 3 Quiz (TCO 2) What is a document that protects a creator’s rights to materials such as books, articles, photos, paintings, and cartoons? (TCO 2) Legal procedures initiated by a debtor who are unable to meet their financial obligations is called (TCO 2) The dimension of social responsibility that includes charitable donations is BUSN 115 Week 4 Midterm Exam (TCO 1) The amount of money a business takes in during a given time period by selling goods and/or selling services. (Points : 5) (TCO 1) That part of economics that studies the behavior of people and organizations in particular markets. (Points : 5) (TCO 1) Describe and explain capitalism and how it functions in a free market economy. (Points : 30) (TCO 2) An unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends. (Points : 5) (TCO 2) Describe and explain corporate responsibility using an ethical perspective. Your stakeholder group for your answer is parents of high school students. Your company designs, produces, and sells video game apps for the mobile market. A concern has been raised in the community where your company is located about the violence portrayed in your mobile video game apps. What do you say to the parents? Why? (Points : 30) (TCO 3) A complete ban on the import or export of a certain product; or the stopping of all trade with a country. (Points : 5) (TCO 3) An unfavorable balance of trade occurs when the value of a country’s imports exceeds that of its exports. (Points : 5) (TCO 3) Describe and explain the fundamentals of the international market. Why do nations trade and how trade measured. (Points : 30) (TCO 4) Investors who provide money to finance new businesses or turnarounds in exchange for a portion of ownership, with the objective of reselling the business at a proft.(Points : 5) (TCO 4) Outline the three ways an entrepreneur can start the business discussing the advantages and disadvantages of the three. (Points : 25) BUSN 115 Week 5 Assignment Weekly Research Paper (85 points total). Prepare a two-to three-page paper in APA style that describes, explains, addresses, and answers the following. Many people shy away from careers in selling, often because they think they are not outgoing enough or because… A positive experience that the writer had with a salesperson was when he was purchasing some food and drink at a new grocery store and he wasn’t familiar with where the food items he needed were located. He asked a salesperson to point him to where he can purchase the items on his list, but instead of merely pointing… BUSN 115 Week 5 Quiz (TCO 5) A whole set of marketing intermediaries that join together to transport and store goods in their path from producers to consumers is (TCO 9) Promotional methodology in which heavy advertising and sales promotion efforts are directed toward consumers so that they will request the products from retailers is called (TCO 8) Describes a type of distribution system BUSN 115 Week 6 Assignment Prepare a two-to three-page paper in APA style, sixth edition format that describes, explains, addresses, and answers the following questions or statements. Review the information in the lecture that presents mining group gold as a method for facilitating…. The five basic steps of the mining group gold process are as following: 1.) Determining the purpose of the session or meeting, 2.) Determining the desired outcomes of the session or meeting, 3.) Assigning the roles of facilitator, scribe, and… BUSN 115 Week 6 Quiz (TCO 6) A brief articulation of the principles that guide a company’s decisions and behave (Points : 5) (TCO 6) Herzberg’s motivating factors includes _____. (Select the one best answer.) (Points : 5) (TCO 7) Multidimensional networks of suppliers and outsourcing partners is called _____. (Points : 5) BUSN 115 Week 8 Final Exam (TCO 1) A technique that combines all the promotional tools into one comprehensive, unified promotional strategy includes which? (Points : 5) (TCO 1) You own a hardware store in the small town where you live. A big-box, multiline competitor has just opened. You see the following as your advantages of maintaining your market share and continued sales revenue. (Points : 5) (TCO 1) You are fairly good at various and sundry home repairs. You aren’t very good at electrical things or anything having to do with plumbing. But you’re great with painting, patching, and general maintenance on a home. You’re contemplating starting a home repair business in your town. What are some issues that you can influence and should be concerned with in launching a new small-business start-up? (Points : 5) (TCO 1) The latest economic news is not very positive. Unemployment rates are higher than expected, consumer confidence has fallen, and companies are reporting layoffs are in order. The Federal Reserve chairman acknowledges the economy is in a recession. What actions might the federal government and the Federal Reserve take to give the economy a boost? What are these policies called? (Points : 10) (TCO 2) Some regulation of business seems necessary to ensure fair and honest dealings with the public. The impact of this statement can best be explained by which of the following? (Points : 5) (TCO 2) A conscious plan that represents and encourages a unique set of values includes which? (Points : 5) (TCO 2) The Uniform Commercial Code includes which? (Points : 5) (TCO 2) Identify and discuss the social responsibilities of Home Depot to three different stakeholder groups. (Points : 15) (TCO 3) Nations rely on a number of key indicators to measure global trade. These include which? (Points : 5) (TCO 3) In 1948, a global forum was created whose purpose it was to reduce trade restrictions on goods, services, ideas, and cultural programs. The results of the efforts of this organization include which? (Points : 5) (TCO 3) Strategies for reaching global markets include which? (Points : 5) (TCO 3) 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 : 15) (TCO 4) The disadvantages of sole proprietorships are which? (Points : 5) (TCO 4) A limited liability company has which of the following advantages? (Points : 5) (TCO 4) To look at problems and/or passions and see opportunities in them, which of the following questions should be asked? (Points : 5) (TCO 4) 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 : 15) (TCO 5) Electronic wireless technology continues its move toward ubiquity. Such media inculcates which of the following? (Select all that apply.) (Points : 5) (TCO 5) You are an independent Internet marketing consultant. You have an excellent track record of assisting small- to medium-sized companies fully realize their marketing potential through an improved and enhanced presence on the Web. Mr. Top Hatt, the owner of a small pet-grooming salon (Hatt’s Cat Grooming Emporium), specializes in the care and grooming of cats and only cats and has just called you. Mr. Hatt has heard of the Internet but doesn’t know much else. He would like for his cat grooming business to grow by using the Internet but doesn’t know what to do. Your recommendations include which of the following? (Points : 5) (TCO 5) In this digital age, setting up shop online is vital for most retail businesses. But having only an online presence that customers can access at home isn’t enough anymore. Now consumers have an array of smartphones and digital tablets that can get them online from anywhere. For social networks and retailers alike, the mobile market has already enjoyed tremendous growth. Given this information as a sales manager for Always Better Car Sales (ABCS), your concerns include which of the following? (Points : 5) (TCO 5) Aside from retail sales and marketing, identify and discuss two ways that a business could reduce costs or increase profits by using the Internet or web applications.(Points : 15) (TCO 6) Which does a mission statement address? (Points : 5) (TCO 6) Imagine a world that is populated by 9 billion people. In order to maintain our current quality of life, such a world would require 2.3 planets’ worth of resources. In order to sustain the U.S. way of life, businesses and the government must plan for 30% more people living across the globe. Most of those people will be in developing countries, and the demand will be great for energy, food, and healthcare. Your concern is that you and your production team have been asked by your leadership to create a scorecard to measure your firm’s efforts in sustainability. Your team’s scorecard should necessarily include which? (Points : 5) (TCO 6) Mining Group Gold is a team process that includes a method for processing and analyzing which? (Select all that apply.) (Points : 5) (TCO 7) A cellular or modular layout can accommodate changes in design or customer demand. This includes which? (Points : 5) (TCO 7) Some of the characteristics of lean systems include which of the following? (Points : 5) (TCO 7) Mass customization means (Points : 5) (TCO 7) 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 : 15) (TCO 8) If there is one thing that advertisers agree upon, it is the growing importance of social media in product promotion. Given this information, (Points : 5) (TCO 8) One scarce item in the future will be water. Which is the least expensive way to get water from places of abundance to places of need? (Points : 5) (TCO 8) The marketing manager is responsible for choosing how to implement which? (Points : 5) (TCO 8) 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 : 15) (TCO 9) Technology can provide significant increases in productivity and efficiency. However, less than stable technology-based systems can significantly impact businesses at the most inopportune times. Issues that are inadvertently and unexpectedly created in such instances include which? (Points : 5) (TCO 9) Collaboration software allows multiple users to work on the same document at the same time. It also facilitates videoconferencing so that participants can see and hear each other regardless of where they are. The advantage of using such software is which? (Points : 5) (TCO 9) Web 3.0 can be characterized by which of the following statements? (Points : 5) (TCO 10) The role of information technology has changed since the days when it was known as data processing. You have been hired as the new manager of the IT department for Megalopolis Corporation. Megalopolis Corporation manufactures and sells barbecue grills to the middle-upper end of the market. Demand continues to be strong for all products. However, providing service (both warranty and no warranty) continues to be a challenge. In essence, having the right parts at the right place at the right time is not an easy task. Given this information, your set of “must-do-first” priorities includes which? (Points : 5) (TCO 10) An accounting system includes which? (Points : 5) (TCO 10) Which of the following financial management functions are a part of financial planning? (Points : 5) BUSN 115 Midterm Exam Answers to Study Guide 1. Define importing and exporting. 2. Explain free trade. 3. Explain the difference between absolute advantage and comparative advantage. 4. Explain business, goods, services, and revenue. 5. Define and explain entrepreneurship. 6. Explain economics and resource development. 7. Summarize Adam Smith’s theory. 8. Define and explain the various forms of business organization to include partnerships, franchising, and corporations. 9. Define and explain international and global marketing. 10. Explain the major concepts related to a small business startup to include business plans, venture capitalists, the SBA, the SBIC, and SCORE 11. Know the elements of a business plan. 12. Explain acquisition, LBO, and LLP. 13. Explain corporate policy and corporate responsibility. 14. Describe corporate social initiatives. 15. Define ethics. 16. Define CSR. 17. Describe insider trading. 18. Explain various interested stakeholders. 19. List and explain the steps to be considered when determining the ethics of an action. 20. Explain the differences between compliance- and integrity-based ethics codes. 21. Define balance of payments and balance of trade. 22. Describe common market, countertrading, and devaluation. 23. Identify and explain WTO, SWFs, NAFTA, and FDI. 24. Describe an embargo. 25. Describe and explain trade surplus, deficit, tariffs, a strategic alliance, and a multinational corporation. 26. Explain the steps to establish a new business. 27. Describe an intrapreneur. 28. Explain microloans and the management team. 29. Describe and explain GDP, communism, depression, recession, and capitalism. 30. Explain some of the reasons for the success and failure of small businesses. 31. Describe the forms of business ownership; know how they are used and the advantages and disadvantages of each one. 32. Describe a franchise, and know its advantages and disadvantages. 33. Define a business merger. 34. Describe the purpose of a limited liability company. 35. Describe what advantages a small business may have when entering a foreign country’s market. 36. Describe what the difference is between privately and publicly owned businesses. 37. Describe the reasons why some people become entrepreneurs. 38. Explain the steps that should be taken in the buying of a franchise. 39. Describe and explain SCORE. 40. Describe the aspects of a limited liability company. BUSN 115 Finals Exam Answers to Study Guide 1. Explain free market capitalism 2. Describe and explain home-based entrepreneurial endeavors 3. Explain how intermediaries perform the six marketing utilities 4. Compare the business-to-business market and the consumer market 5. Identify the new and traditional tools that make up the promotion mix 6. Define and apply common economic indicators 7. Define and discuss the ethical and social responsibilities of business 8. Describe management’s role in setting ethical standards 9. Describe and apply a business code of ethics 10. Describe and explain the role of U.S. businesses in influencing ethical behavior and social responsibility in global markets 11. Describe and explain sales law under the Uniform Commercial Code 12. Define the elements of a contract 13. Summarize several laws that regulate competition and protect consumers in the US 14. Describe and explain the role of deregulation in the economy 15. Discuss the changing landscape of the global market and the issue of offshore outsourcing 16. Explain why nations trade 17. Describe and explain the forces that affect trading in global markets 18. Explain the advantages and disadvantages of trade protectionism 19. Describe the role entrepreneurs play in the creation of jobs 20. Explain why people take the risks of entrepreneurship; list the attributes of successful 21. Analyze what it takes to start and run a small business 22. Show how marketers use environmental scanning to learn about the changing marketing environment 23. Explain how marketers apply the tools of market segmentation, relationship marketing, and the study of consumer behavior 24. Discuss the four Ps of marketing 25. Define marketing and apply the marketing concept to both for-profit and nonprofit organizations 26. Show how word of mouth, e-mail marketing, viral marketing, blogging, podcasting, and mobile marketing work 27. Contrast the advantages and disadvantages of various advertising media, including the Internet and social media 28. Understand channel systems, and explain the various ways to build cooperation in them 29. Describe and explain the four functions of management 30. Relate the planning process and decision making to the accomplishment of company goals 31. Describe the current state of U.S. manufacturing and what manufacturers have done to become more competitive 32. Describe and explain planning issues as they relate to a firm’s operations, including its employees 33. Show how managers put motivation theories into action through such strategies as job enrichment, open communication, and job recognition 34. Show how managers personalize motivation strategies to appeal to employees across the globe and across generations 35. Describe the various production processes, and describe techniques that improve productivity 36. Describe and explain how to use a PERT chart and a Gantt chart 37. Explain how flexible manufacturing is used 38. Describe and explain when to use lean manufacturing 39. Explain how mass customization can be used 40. What are ERP and MRP? 41. How does vision apply to business? 42. Explain and apply facility location and layout to business 43. Describe the four eras in the evolution of marketing 44. Describe and explain the role of marketing managers and the marketing mix 45. Describe the marketing research process 46. Describe logistics and outline how intermediaries manage the transportation and storage of goods 47. Describe business-to-business marketing (B2B) and the business-to-consumer sales process 48. Describe and explain how social media complements other promotions, including promotional strategies 49. Describe and explain social media and Web 2.0 50. Describe and explain privacy issues and stability issues as they apply to information networks 51. Describe some of the common types of information used by business 52. Describe and explain how information is managed 53. Explain knowledge management and how it can be applied in a business setting 54. Describe the types of computer software most frequently used in business 55. Describe and explain business intelligence and how it is changing business 56. Describe and explain virtualization and cloud computing 57. Explain the different accounting disciplines 58. List, describe, and apply business financial statements (income statement, balance sheet, statement of cash flows) 59. Describe the roles and responsibilities of financial managers 60. What are the finance concerns for small businesses 61. List the types of financial budgets
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