I ran out of time tonight due to my class preparations (and since I work 16 hours tomorrow, I need my beauty sleep), so I thought that I’d post some of the questions from the exam I’m giving my Introduction to Contemporary Business students tomorrow night (I never appreciated how long it takes to write a text until I became an instructor!).
I typically teach high-level corporate finance (think bond pricing and asset-backed securities) or marketing management classes, so this course has been a break from the norm for me. I was surprised by the breadth of knowledge these students are responsible for - this is one of the early required courses in the cirriculum - but I guess they have to start building a foundation somewhere. This exam covers an extremely broad range of topics, so I bet most readers know the answers to a high percentage of these questions.
Are you smarter than an associate’s student? Take the short answer section of my exam and find out.
1. List the four Factors of Production and explain how these factors influence the overall supply of goods and services.
2. What is dumping? How do countries counteract this practice?
3. What does SWOT stand for?
4. Name and describe the five types of teams in the workplace.
5. What does SBA stand for?
6. Discuss each of the four motives frequently cited as major reasons why people become entrepreneurs.
7. List four of the major challenges regarding e-commerce for both consumers and businesses.
8. Name the four primary functions of the Internet
9. List the steps involved in the decision-making process.
10. Name the four forms of incentive compensation.
11. Name the five needs in Maslow’s hierarchy.
12. Name the four P’s in the Marketing Mix
13. Name the Federal Reserve’s three major policy tools
Update: I have posted the answers in the comments section below.Stumble it!