Sophia Bus 101 Final Milestone Latest Updated 2020/2021

Sophia :: Welcome https://www.sophia.org/spcc/introduction-to-business-2/milestone_take_feedbacks/4458999 1/13 MILESTONE Score 20/25 You passed this Milestone 20 questions were answered correctly. 5 questions were ...

Sophia :: Welcome https://www.sophia.org/spcc/introduction-to-business-2/milestone_take_feedbacks/4458999 1/13 MILESTONE Score 20/25 You passed this Milestone 20 questions were answered correctly. 5 questions were answered incorrectly. 1 Which of the following best describes the earnings per share for a stock? The portion of a company's net income that is reinvested into the company's current operations The portion of a company's profits that are paid to investors based on the number of shares each investor owns A company's net income is divided by the number of outstanding shares of stock A company's current assets are divided by the number of outstanding shares of stock CONCEPT Equity Financing 2 Girard owns a dry cleaning store. He decided to add a pickup and delivery service for an additional fee. What should Girard do to market the pickup and delivery service differently than if he were just marketing a product? Promote low dry cleaning prices 7/3/2020 Sophia :: Welcome https://www.sophia.org/spcc/introduction-to-business-2/milestone_take_feedbacks/4458999 2/13 Promote convenient store location Promote time consumer will save Promote early opening hours CONCEPT Markets in Marketing 3 Which statement describes a cultural influence in Olivia's search for a coffee shop on her way to work? Olivia stopped in the coffee shop that all of her friends usually visit. Olivia bought a pastry to go along with her tea since she was also hungry for breakfast. Olivia added low-fat milk to her tea so that her drink would be healthier. Olivia bought tea rather than coffee since that is what her Indian family always drank. CONCEPT Consumer Behavior 4 A business owner decides to only use products that do not test on animals. Which social responsibility stance below did the business owner demonstrate? Accommodating Proactive Defensive 7/3/2020 Sophia :: Welcome https://www.sophia.org/spcc/introduction-to-business-2/milestone_take_feedbacks/4458999 3/13 Obstructionist CONCEPT Stances to Social Responsibility Issues 5 Which of the following is the purpose of managerial accounting? Create factual reports about the past performance of a company Follow financial guidelines created by the SEC Support decision-making processes within an organization Report financial activities to potential investors CONCEPT Financial Accounting as Compared to Managerial Accounting 6 A business owner analyzes which supplies and equipment will be used on a regular basis and buys them in bulk. Which element of business success is reflected by this scenario? Luck Hard work Planning and organizing Management and leadership CONCEPT 7/3/2020 Sophia :: Welcome https://www.sophia.org/spcc/introduction-to-business-2/milestone_take_feedbacks/4458999 4/13 Small Business Success or Failure? 7 If a new restaurant owner determines that she does not have sufficient funds to open a new location, where does this determination belong in her SWOT analysis? Opportunity Threat Weakness Strength CONCEPT The Marketing Plan 8 Which of the following is true about the consumer-focused marketing mix? It emphasizes the use of ethically sourced material. It aims to promote social responsibility. It involves copying strategies used by competitors. It involves elements the business cannot control. CONCEPT Consumer-Focused Marketing Mix 9 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 the process described in the scenario? 7/3/2020 Sophia :: Welcome https://www.sophia.org/spcc/introduction-to-business-2/milestone_take_feedbacks/4458999 5/13 Collective bargaining Arbitration Mediation Grievance filing CONCEPT Labor Unions 10 Girard, who managed a group of graphic artists, provided the tools and resources his staff needed to work on project and then allowed them the freedom to make decisions on their own. A few deadlines were occasionally missed, but the employees expressed high job satisfaction. Which management approach below does Girard utilize?