Introduction to Business
EXAM 2
MULTIPLE CHIOCE
1. When Daimler Benz merged with Chrysler, this was an example of a _____.
a. / conglomerate mergerb. / vertical merger
c. / horizontal merger
d. / joint venture
2. A CEO
a. / must be chair of his or her firm's board.b. / appoints all board members.
c. / cannot serve on another firm's board.
d. / is classified as an inside director.
3. The board of directors of a corporation is elected by the _____.
a. / corporation's employeesb. / bondholders and other creditors
c. / corporate officers
d. / stockholders
4. The board of directors usually includes some individuals who are not employed by the corporation. These people are referred to as _____.
a. / inside directorsb. / outside directors
c. / influential board members
d. / members of top management
5. A person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business is a(n) ______.
a. / wealth generatorb. / entrepreneur
c. / stockholder
d. / business executive with a plan
6. Which of the following best describes an entrepreneur?
a. / The owner of a small businessb. / An individual who creates a new business
c. / The investors in a new business
d. / A risk taker who seeks a profitable opportunity
7. Dell Computer founder Michael Dell and Microsoft co-founder Bill Gates are two well-known examples of ______.
a. / intrapreneursb. / change agents
c. / atypical intrapreneurs
d. / classic entrepreneurs
8. 3M Co. is a large organization that encourages its employees to develop innovative new products, ideas, and commercial ventures. 3M wants to encourage its employees to be ______.
a. / classic entrepreneursb. / change agents
c. / intrapreneurs
d. / innovative associates
9. Information technology can help entrepreneurs in all of the following ways EXCEPT by _____.
a. / providing tools to help them competeb. / providing improved customer service
c. / working quickly and efficiently
d. / providing strategic alliances
10. ______is an integrated document composed of electronic pages that integrate text, graphics, and other elements.
a. / The World Wide Webb. / A Web site
c. / The Internet
d. / An Internet service provider (ISP)
ESSAY QUESTIONS
Please answer 2 of the following 3 essay question. Please develop logical thoughts and arguments that concretely demonstrate your mastery of the concepts and use of the knowledge learned.
Note a “section/concept” of text/film means a few pages that explain with an entire concept in the book/film such as definition, examples, a case, and/or explanation by the author, your professor’s point of view, a section of the film and/or your own experience (life). Three part questions below!
1) Choose a “section/concept” of Chapter 5 – Options of Organizing Small and Large Business explain how you understand the concepts you choose to discuss from the book’s chapter and movie. 2) Then give an (or some) example(s) of how you see the concepts at work in reality. 3) Finally, how will you leverage your new knowledge and understanding of this concept to benefit you in the real world of business (or life and future)?
2) Choose a “section/concept” of Chapter 6 – Starting Your Own Business: The Entrepreneurship Alternative explain how you understand the concepts you choose to discuss from the book’s chapter and movie. 2) Then give an (or some) example(s) of how you see the concepts at work in reality. 3) Finally, how will you leverage your new knowledge and understanding of this concept to benefit you in the real world of business (or life and future)?
3) Choose a “section/concept” of Chapter 7 – Electronic Commerce: The Internet and Online Business explain how you understand the concepts you choose to discuss from the book’s chapter and movie. 2) Then give an (or some) example(s) of how you see the concepts at work in reality. 3) Finally, how will you leverage your new knowledge and understanding of this concept to benefit you in the real world of business (or life and future)?