BUSN 115 STUDY Career Path Begins/busn115study.com BUSN 115 STUDY Career Path Begins/busn115study.com | Page 6

Question 1.1. (TCO 1) The latest economic news is not very positive.
Unemployment rates are higher than expected, consumer confidence
has fallen, and companies are reporting layoffs are in order. The
Federal Reserve chairman acknowledges the economy is in a
recession. What actions might the federal government and the Federal
Reserve take to give the economy a boost? What are these policies
called? (Points : 10)
Question 2.2. (TCO 2) Identify and discuss the social responsibilities
of Home Depot to three different stakeholder groups. (Points : 15)
Question 3.3. (TCO 3) Discuss the positive aspects of globalization,
and contrast these with the negative aspects of globalization from the
perspective of a small business. Be sure to address the pros and cons of
outsourcing in your response. (Points : 15)
Question 4.4. (TCO 4) Identify and explain the incentives for
entrepreneurship. Address why someone would willingly take the
numerous risks associated with running a business. Also, discuss the
major attributes necessary for a successful entrepreneur. (Points : 15)
Question 5.5. (TCO 5) Aside from retail sales and marketing, identify
and discuss two ways that a business could reduce costs or increase
profits by using the Internet or web applications.(Points : 15)
Question 6.6. (TCO 8) Identify the four Ps of marketing, and give
an example how each of the four Ps can be used to market your
favorite product or service. (Points : 15)
Question 7.7. (TCO 7) Given the following companies—Boeing
(airliner manufacturer) and Dell Computer (computer
manufacturer)—which facility layout would be the most suitable for
each? Justify your response. How would each company determine the