BBI Exam Review

When a company chooses between using a direct channel or indirect channel of distribution

The agreement that removed tariff barriers that existed between Cda, the US, and Mexico?

Which factor of production refers to physical and mental work needed to produce goods/services?

A group of members who use the product(s) sold, run the business through a board of directors?

Productivity is NOT improved by which of the following?

This is a product/service that consumers no longer want because it is outdated or not useful.

Department negotiates deals for the supply & delivery of supplies needed to produce a good

What aspect of Human Resource management does this cartoon depict?

Developing cities&businesses that meet the needs of the present w/o compromising the future gen

Department made up of acc'ts who keep records of the co.'s financial transactions & set budgets

This business earns revenue by buying products & then selling them to the final consumer.

Advertising strategy used when a company designs a special symbol associated with the product

Which of the following are reasons why businesses want low employee turnover?

What happens if the price of blips decreases & producers shift product'n from blips to widgets?

Invisible barriers to senior leadership positions faced by many women and disabled workers.

The world’s most powerful industrialized nations gather annually to deal with major issues.

One entrepreneur starts their own small business with just a loan from the bank?

What are the people who work to produce goods and services in a business are known as?

Scotia Bank and the Cineplex “scene program” (agree to commit resources to achieve common goal)

Which of the following accounts are not shown on a company’s balance sheet?

Helping producers in developing countries sell their goods for a reasonable profit.

As the Dorchester population continues to grow, which of the following scenarios is logical?

The ease at which an asset can be turned into cash is known as...

Illegal buying and selling of shares in a company based on confidential info.

Helps ind'ls cope with stress of losing a job and provides advice to move on to new careers.

A business owner opens a new business with the help of the parent company? i.e. Subway

Actg Transaction: The business paid $500 rent for the month

The four major functions of management are...

The consumer mktg knowledge that identifies customer’s values, motivations, & beliefs is ...

The employer’s obligat'n to take appropriate steps to eliminate discriminat'n against employees

You earn $10/hour plus 1% commission. You worked 10 hours & sold $500 in goods. You get...

Which refers to the materials supplied by nature from which everything in the world is made?

Improved technology has led to saving money on labour because of ....

Which of the following accounts are not shown on a company’s income statement?

Which department often comes up with new and better ways to produce a product?

What type of financing is shown by getting a bank loan to start your business?

A leader who takes control of the situation and makes quick decisions without input from others

Actg Transaction: The business paid off $500 of a $1,000 bank loan.

When a company keeps the price of their product comparable to the competition

If Cda's exports to UK totalled $10m and Cda's imports from UK totalled $11m, which is correct?

Actg Transaction: The owner invested $5,000 of his personal money into the business

Which best describes the Rule of 72?

Which of the following is NOT a benefit of international business?

Compensation used when a co. pays a fixed amount of money, usually rec'd on a regular schedule?

Advert. strategy often used when companies use a celebrity to endorse the product being sold

Compensation is used when a co. offers a bonus/reward for good performance /certain standards

This ensures that the product a company makes conforms to certain standards set by the gov't.

If the current exchange rate is 1 CDN= 0.5 USD, how much USD would $500 CDN buy?

When a co. encourages consumers to buy through coupons, contests, samples, and special events

Bell Canada’s customer service representatives are located in India (business structure)