Devry BUSN115 Week 8 Assignment Final Exam Latest 2019 JULY

BUSN115 Introduction to Business and Technology

Week 8 Assignment

Final Exam

Question 1 (CO
1) One external factor affecting business is political. Give two reasons why
political factors can influence business and give specific, current, relevant
examples of each reason.

Question 2 (CO
2) The WTO is an organization that affects the global marketplace. Explain what
the WTO is and give an example of how the WTO affects the global marketplace.

Question 3 (CO
3) Pete Yankin and Ken Lowery consider themselves to be experts on hunting in
the mountains in North Carolina. As a
result, the two men established a company that markets hunting expeditions. Yankin and Lowery share responsibilities for
booking the trips, gathering supplies, and guiding groups of five to seven
hunters into locations where they can hunt for deer and bear. The two will share any profit equally. What
type of business ownership is represented here? What are two risks and two
benefits in this type of business? Why is this the best business model in these
circumstances?

Question 4 (CO
8) What is a code of ethics? Why is it important for a company to have a code
of ethics?

Question 5 (CO
4) Compare and contrast participative leadership and free-rein leadership. Give
specific examples of each.

Question 6 (CO
5) What is the expectancy theory of motivation? Give a specific example.

Question 7 (CO
6) Identifying a target market is the first step of any marketing strategy.
What is a target market? Give a specific example of a target market for a
specific product or service.

Question 8

1. Amgen Income
Statement 09.30.18

Condensed Consolidated Statements of Income – USD ($) shares in Millions, $ in Millions	3 Months Ended	9 Months Ended
Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Total revenues	$ 5,904	$ 5,773	$ 17,517	$ 17,047
Operating expenses:
Cost of sales	1,037	990	3,005	3,010
Research and development	926	877	2,555	2,519
Selling, general and administrative	1,293	1,170	3,773	3,443
Other	325	297	303	347
Total operating expenses	3,581	3,334	9,636	9,319
Operating income	2,323	2,439	7,881	7,728
Interest expense, net	355	325	1,040	972
Interest and other income, net	126	267	519	627
Income before income taxes	2,094	2,381	7,360	7,383
Provision for income taxes	235	360	894	1,140
Net income	$ 1,859	$ 2,021	$ 6,466	$ 6,243
Earnings per share:
Basic (in usd per share)	$ 2.88	$ 2.78	$ 9.67	$ 8.52
Diluted (in usd per share)	$ 2.86	$ 2.76	$ 9.61	$ 8.46
Shares used in calculation of earnings per share:
Basic (in shares)	645	728	669	733
Diluted (in shares)	649	733	673	738
Dividends paid per share (in usd per share)	$ 1.32	$ 1.15	$ 3.96	$ 3.45
Product sales [Member]
Revenues:
Product sales	$ 5,510	$ 5,453	$ 16,532	$ 16,226
Other revenues [Member]
Revenues:
Total revenues	$ 394	$ 320	$ 985	$ 821

Using the
balance sheet above, answer the following questions:

1. Did the company show growth or decline?

2. What in the income statement might
indicate growth or decline? Give a specific example.

3. If you were an investor in this company,
would you consider this a successful quarter? Why or why not?