BU111 practice multiple choice
BUSINESS 111 FALL 2013
MIDTERM REVIEW GUIDE
Midterm Date: SATURDAY, OCTOBER 19TH, 2013
Midterm Time: 4:30 P.M. TO 7:00 P.M.
Writing Locations posted on course website.
Important Notice: Anyone who is not able to write the exam on the scheduled date must provide documentation validating his/her absence, i.e. doctor’s note confirming illness and inability to write exam dated the day of the exam. Once documentation is received and approved by your professor, the value of your midterm will be added to your final exam. If valid documentation is not provided, the midterm mark will be a zero.
20 Multiple Choice questions
15 Short Answer questions, 2 to 6 marks each
(80 marks total)
TOPICS TO BE COVERED:
The relationship between the firm and its external environment
Critical success factors: what they are, why they are important, how they connect to each other
Diamond-E model: key variables, connections among variables, principal logic, examples
External analysis what it is, how to conduct one, general vs. specific environments, benefits and challenges of conducting one
PEST factors: elements, impact on business, questions to answer from PEST analysis
Porter’s five forces model: explanation of each force’s impact on industry profitability, methods of reducing the impact of each force, strategic questions it answers, industry examples
Entrepreneurship what it is, what the key elements are, its significance entrepreneurial process elements, influences, and connection with Diamond-E components of opportunity recognition how to screen and evaluate opportunities for viability and competitive advantage high versus low potential ventures how to access resources, bootstrapping, pros and cons of financing options social entrepreneurship: what it is, key facets, stakeholders, how it compares to traditional entrepreneurship, how it compares to charity, examples
Technological Factors opportunities and threats of technology
MIDTERM REVIEW GUIDE
Midterm Date: SATURDAY, OCTOBER 19TH, 2013
Midterm Time: 4:30 P.M. TO 7:00 P.M.
Writing Locations posted on course website.
Important Notice: Anyone who is not able to write the exam on the scheduled date must provide documentation validating his/her absence, i.e. doctor’s note confirming illness and inability to write exam dated the day of the exam. Once documentation is received and approved by your professor, the value of your midterm will be added to your final exam. If valid documentation is not provided, the midterm mark will be a zero.
20 Multiple Choice questions
15 Short Answer questions, 2 to 6 marks each
(80 marks total)
TOPICS TO BE COVERED:
The relationship between the firm and its external environment
Critical success factors: what they are, why they are important, how they connect to each other
Diamond-E model: key variables, connections among variables, principal logic, examples
External analysis what it is, how to conduct one, general vs. specific environments, benefits and challenges of conducting one
PEST factors: elements, impact on business, questions to answer from PEST analysis
Porter’s five forces model: explanation of each force’s impact on industry profitability, methods of reducing the impact of each force, strategic questions it answers, industry examples
Entrepreneurship what it is, what the key elements are, its significance entrepreneurial process elements, influences, and connection with Diamond-E components of opportunity recognition how to screen and evaluate opportunities for viability and competitive advantage high versus low potential ventures how to access resources, bootstrapping, pros and cons of financing options social entrepreneurship: what it is, key facets, stakeholders, how it compares to traditional entrepreneurship, how it compares to charity, examples
Technological Factors opportunities and threats of technology