BBI Exam Review

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

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

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

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

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

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

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

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

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

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

What aspect of Human Resource management does this cartoon depict?

The four major functions of management are...

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

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

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

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

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

Which best describes the Rule of 72?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Productivity is NOT improved by which of the following?

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

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

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

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

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

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

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

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

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

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

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

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

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