_________ is the popular name for a free-market economy in which business people make most of the decisions about what products to produce, how many workers to hire, and what prices to charge for goods and services.
What is Capitalism?
100
Two or more consecutive quarters of GDP decline is known as a _____.
What is Recession
100
Terrence makes an anonymous phone call to an official to disclose deception and dishonesty of his employer's accounting records. This employee played the role of a:
What is whistle blower
100
Nadia quit a job with a large firm to start her own business. She is excited by the chance to be independent and enjoys the challenges of running her own firm. Nadia is an example of a(n):
What is entrepreneur
100
An explanation of why the company exists and where it wants to go...
What is a vision
200
In terms of factors of production, Imperial Oil's crude oil reserves are an example of ________, while market forecasts are an example of ________.
What is natural resources; information
200
The ________ is the economic value of all the products that a country exports minus the economic value of imported products.
What is BOT
200
John is experiencing ________ unemployment because he is out of work temporarily while looking for a new job, while Sally is experiencing ________ unemployment because she is out work because of a downturn in the business cycle.
What is frictional; cyclical
200
You are an employee at At Telus and come up with a new idea for the redesign of the company's website. This is an example of ________ in a large firm.
What is intrapreneurship
200
A ________ is an incorporated form of business that is organized, owned, and democratically controlled by the people who use its products and services.
What is co-operative
300
A ________ is a privately owned, profit-seeking firm that serves individuals, non-business organizations, and businesses as a financial intermediary.
What is chartered bank
300
JUST FOR LAUGHS - What was the most enjoyable part of BAM 101 for you?
What is ...??
300
JUST FOR LAUGHS: Name 5 of your classmates!
What is ??
300
Money, in the form of currency, can be used for future purchases and thus illustrates the ________ function of money.
What is store of value
300
Which term is used to identify a bank's requirement for the borrower to give the bank the right to seize certain assets if payments are not made as promised?
What is Collateral
400
Shareholders are ________ of a company and profits are distributed among shareholders in the form of ________.
What is owners; dividends
400
Jeanne is not an active participant in Highline Food Company, but she has contributed a significant amount of capital as a partner to the business. Jeanne is known as a(n) ________ partner.
What is limited
400
If the Bank of Canada wanted to stimulate business activity, it could ________, but if it wanted to slow down business activity it could ________.
What is buy government securities; sell government securities
400
When Millie was appointed president of Goodcare Hospital, she noticed that the former president had all the major functions reporting directly to him. She is analyzing the functions to see how they could be restructured to be more efficient. She is engaged in the management process of _________.
What is organizing.
400
Bob's Barbecue has expanded its operations to include several foreign countries. Bob has given individuals or organizations in those countries exclusive rights to market Bob's products. Bob will receive a percentage of the revenues generated in each of the countries. Bob's arrangements are best described as a(n)
What is licensing arrangement.
500
Action: Explain to everyone what is an IPO and when do companies use IPOs?
What is Initial Public Offering/ Going Public (first time)/ raise equity
500
ACTION: In Class we discussed Coca Cola going international in Japan - explain 2 different methods/ structures a business can use to expand internationally
What is licensing/ independent agents/ branch office/ strategic alliance
500
ACTION: What are the 4 types of unemployment? Give clear examples of each.
What is seasonal/ frictional/cyclical/ structural
500
Your classmates presented on types of loans - Explain unsecured loans vs. secured loans using examples
What is no collateral/ collateral ...etc
500
ACTION: As a BAM101 student you learnt about the 4 functions of management. Explain each function using an example to clarify each.