BUSN115 Week 2 Quiz
Question 1
5 / 5 pts
(TCO 1) A(n) _____ is a framework of how a business intends to generate revenue.
business model
strategic management tool
profitability analysis
competitive advantage
entrepreneurial mindset
Question 2
5 / 5 pts
(TCO 1) Which of the following statements is true regarding business mindset?
It involves seeing the business from the outside in.
It is incompatible with corporate responsibility.
It involves appreciating the challenges a company faces in satisfying customer needs.
It involves acknowledging that businesses always benefit society.
It involves ignoring one's customer experiences.
Question 3
5 / 5 pts
(TCO 1) _____ audit the financial reports of public companies as required by law.
Internal accountants
External auditors
Credit managers
Management accountants
Forensic accountants
Question 4
5 / 5 pts
(TCO 1) When the number of competitors in a market is quite small, a situation known as _____ is created.
monopoly
monopsony
oligopol