DEVRY BUSN 115 Entire Course

DEVRY BUSN 115 Entire Course 

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BUSN 115 Entire Course NEW 

BUSN 115 Week 1 Discussions 1 and 2 

Laws and Regulations (graded) 

Do laws and regulations always restrict or impede the efforts of business professionals, or can they actually help businesses? In 

addition to this, could you list some examples of laws or regulations that may have impeded business lately? 

Entrepreneurship Failure (graded) 

The risk of failure is an inherent part of free enterprise. Does society have an obligation to come to the aid of entrepreneurs 

who try but fail? Why or why not? Also, please discuss some ways you can minimize your risk. 


Global Markets (graded) 

How can a company use licensing agreements to enter world markets? What two fundamental product strategies do companies 

choose between when selling their products in the global marketplace? 

Corporate Social Responsibility (CSR) (graded) 

Is it ethical for companies to benefit from their efforts to practice corporate social responsibility? Why or why not? How can 

anyone be sure that CSR efforts aren’t just public relations ploys? 


Starting a Business (graded) 

What are the advantages of buying a business rather than starting one from scratch? What are the advantages and 

disadvantages of owning a franchise? 

Early Adopters (graded)

Do you consider yourself an early adopter when it comes to trying out new products or new fashions, or do you tend to take a 

wait-and-see attitude? How does your attitude toward new products and new ideas influence your decision making as a 

consumer? 


Purchasing Process (graded) 

Think of a product you recently purchased and review your decision process. Why did you need or want that product? How did 

the product’s marketing influence your purchase decision? How did you investigate the product before making your purchase 

decision? Did you experience cognitive dissonance after your decision? 

Advertising (graded) 

Think about an advertisement (in any medium) that had either a strongly positive or strongly negative effect on your attitude 

toward the product being advertised or the advertiser itself. Why did the ad have this effect? If you responded positively to the 

ad, do you think you were being manipulated in any way? If you responded negatively—and you are a potential buyer of the 

product that was advertised—what changes would you make to the ad to make it more successful? 


Motivation Theories(graded) 

Chapter 10 discusses several styles of leadership, including autocratic, democratic, and laissez-faire. How do each of these 

styles relate to Theory X and Theory Y assumptions about workers? 

Benefit Choices (graded) 

When you begin interviewing as you approach graduation, you will need to analyze job offers that include a number of financial 

and nonfinancial elements. Which of these aspects of employment are your top three priorities: a good base wage; bonus or 

commission opportunities, profit-sharing potential; rapid advancement opportunities; flexible work arrangements; good 

healthcare insurance coverage; or a strong retirement program? Which of these elements would you be willing to forego in 

order to get your top three? 


Supply-Chain Management (graded) 

How can supply-chain management (SCM) help a company establish a competitive advantage? What are ways that companies 

can improve their supply chains? 

Technology Improvement (graded) 

Business is stalled. Sales last month were 10 percent less than the previous month and so far this month is looking even worse 

than last month. Could technology help you answer the decrease in sales? What technologies could you deploy to increase 

sales? 


Accounting Firm (graded) 

The senior partner of an accounting firm is looking for ways to increase the firm’s business. What other services besides 

traditional accounting can the firm offer to its clients? What new challenges might this additional work create? 

Financial Control (graded) 

The company you cofounded last year is growing rapidly and has strong prospects for an IPO in the next year or two. The 

additional capital that an IPO could raise would let you hire the brightest people in the industry and continue to innovate with 

new product research. There is one potential glitch: You and the rest of the executive team have been so focused on launching 

the business that you haven’t paid much attention to financial control. You’ve had plenty of funds from venture capitalists and 

early sales, so working capital hasn’t been a problem, but an experienced CEO in your industry recently told you that you’ll 

never have a successful IPO unless you clean up the financial side of the house. Your cofounders say they are too busy chasing 

great opportunities right now and they want to wait until right before the IPO to hire a seasoned financial executive to put 

things in order. What should you do and why? 

BUSN 115 All Quizzes 

BUSN 115 Quiz 2

(TCO 1) A(n) _____ is a framework of how a business intends to generate revenue. 

strategic management tool 

profitability analysis 

competitive advantage 

entrepreneurial mindset 

Instructor Explanation: Chapter 1, page 4 

Points Received: 5 of 5 

Comments: 

Question 2. Question : (TCO 1) All internal and external groups affected by a company’s activities are referred to as its _____. 

customers 

stakeholders 

employees 

suppliers 



Comments: 

Question 3. Question : (TCO 1) The _____ function of a business involves the recruiting, hiring, and support of its personnel. 

finance 

human resources 

accounting 

information technology 



Comments: 

Question 4. Question : (TCO 1) _____ is defined as having two consecutive quarters of decline in the country’s gross domestic 

product. 

Stagnation 

Immobilism 

Stagflation 

Recession 



Comments: 

Question 5. Question : (TCO 1) _____ unemployment is the natural movement of workers into and out of jobs, such as when a 

person quits one job without first lining up a new job. 

Intrinsic 

Frictional 

Cyclical 

Seasonal 



Comments: 

Question 6. Question : (TCO 1) _____ taxes are levied on earnings of individuals to help fund Social Security, Medicare, and 

unemployment compensation. 

Payroll 

Sales 

Income 

Property 



Comments:

Question 7. Question : (TCO 1) _____ intelligence involves reasoning, problem solving, 

Emotional 

Social 

Collaborative 

Networking 



Comments: 

Question 8. Question : (TCO 1) A(n) _____ is a specific, short-range target or aim. 

tactic 

strategy 

objective 

vision 



Comments: 

Question 9. Question : (TCO 1) _____ leaders act as advisors and supporters and generally let subordinates chart and adjust their 

own course toward meeting agreed-upon goals and objectives. 

Consultative 

Autocratic 

Transactional 

Laissez-faire 



Comments: 

Question 10. Question : (TCO 2) The United States restricts the import of peanuts to a maximum of 1.7 million pounds per year 

to protect the price that domestic producers can charge. This is an example of a(n) _____. 

Student Answer: import subsidy 

embargo 

import quota 

import tariff 

restrictive import standard 



Comments: 

Question 11. Question : (TCO 2) The _____ was established to foster international financial cooperation and its primary functions 

include providing short-term loans to countries that are unable to meet their financial obligations and working to alleviate 

poverty in developing economies. 

World Commerce Center 

European Union 

North American Free Treaty 

International Monetary Fund 



Comments: 

Question 12. Question : (TCO 2) Transparency International is a(n) _____. 

watchdog group that works to reduce business-government corruption around the world 

agency that works toward implementing protectionist regimes across the globe 

agency of the United Nations that is formed to mediate international negotiations 

agency of the United Nations that is formed to investigate transparency issues in international trade 



Comments:

Question 13. Question : (TCO 2) _____ refers to the degree to which information flows freely within an organization, among 

managers and employees, and outward to stakeholders. 

Whistle-blowing 

Transparency 

Utilitarianism 


Question 14. Question : (TCO 2) Which of the following is an example of whistle-blowing? 

An employee suggests some process changes to his manager that he claims will increase the productivity of the team. 

An employee avoids taking ownership of his mistakes by blaming it on his coworkers. 

An employee informs the manager that some of his team members are misusing confidential customer details from the 

company database. 

An employee who is unsatisfied with his performance appraisal requests his manager for a re-evaluation of his performance. 



Comments: 

Question 15. Question : (TCO 2) Which of the following statements is true regarding ethical decision making? 

The disclosure of information by a company insider that exposes unethical behavior by others within the organization is called 

an ethical lapse. 

Stakeholders’ needs often conflict, requiring managers to make tough decisions about resource allocation. 

Making objective decisions will lead to ethical lapses. 

When the question of what is right and what is wrong is clear, ethical decisions are easy 

to implement. 


BUSN 115 Quiz 4 

Question 1 (TCO 3) Which of the following is true about a small business? 

A small business is one that is not dominant in its field. 

A small firm usually curtails the freedom to innovate. 

A small firm avoids risks that larger firms are willing to take. 

Instructor Explanation: Page 117 


Comments: 

Question 2. Question : (TCO 3) Barbara owns a small florist shop that employs a couple of part-time floral designers. She doesn’t 

expect her business to grow much, but it provides her with a comfortable income and she enjoys what she does. Barbara’s 

business would be described as a 

retail business 

lifestyle business 

high-growth venture 

service business 



Comments: 

Question 3. Question : (TCO 3) Three factors contributing to the increased number of small businesses are technologies such as 

e-commerce, growing diversity in entrepreneurship, and _____. 

increased ease in going public 

nationalization 

market regulation 

monopolistic business practices 



Comments:

Question 4. Question : (TCO 3) Charles is the purchase agent for a consulting firm. He places orders for office stationeries and 

consumables once in two weeks. The purchases are made in large quantities and are billed in the firm’s name. The items that 

Charles buys are examples of 

expense items 

capital items 

shopping products 

convenience products 



Comments: 

Question 5. Question : (TCO 3) The introductory stage will be followed by a _____ stage for a successful product. 

research 

saturation 

growth 

infiltration 



Comments: 

Question 6. Question : (TCO 3) People who monitor social media to spot shifts in consumer tastes are called _____. 

trend watchers 

crowd pullers 

social developers 

social programmers 



Comments: 

Question 7. Question : (TCO 4) Consumer purchasing differs from organizational purchasing in that consumer purchasing _____. 

follows a formal buying process 

has greater complexity in product usage 

involves closer relationships between buyers and sellers 

has a greater emphasis on economic payback 



Comments: 

Question 8. Question : (TCO 4) The process of examining an organization’s current marketing situation, assessing opportunities 

and setting objectives, and then developing a marketing strategy to reach those objectives is called _____. 

strategic marketing planning 

marketing research 

social commerce 

marketing concept 



Comments: 

Question 9. Question : (TCO 4) Selling existing products to new markets is called _____. 

product development

DEVRY BUSN 115 Entire Course

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