QUESTIONS
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 how the WTO affects the healthcare industry across the globe.
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 transactional and transformational leadership. Give specific examples of each.
Question 6
(CO 5) What is the equity theory of motivation? Give a specific example.
Question 7
(CO 6) The marketing mix is often referred to as the 4 P’s. What are the 4 P’s? Give an example of each one.
Question 8
(CO 7)
- Apple Consolidated Statement of Operations 09.29.18
| CONSOLIDATED STATEMENTS OF OPERATIONS – USD ($) shares in Thousands, $ in Millions |
12 Months Ended | ||
| Sep. 29, 2018 | Sep. 30, 2017 | Sep. 24, 2016 | |
| Income Statement [Abstract] | |||
| Net sales | $ 265,595 | $ 229,234 | $ 215,639 |
| Cost of sales | 163,756 | 141,048 | 131,376 |
| Gross margin | 101,839 | 88,186 | 84,263 |
| Operating expenses: | |||
| Research and development | 14,236 | 11,581 | 10,045 |
| Selling, general and administrative | 16,705 | 15,261 | 14,194 |
| Total operating expenses | 30,941 | 26,842 | 24,239 |
| Operating income | 70,898 | 61,344 | 60,024 |
| Other income/(expense), net | 2,005 | 2,745 | 1,348 |
| Income before provision for income taxes | 72,903 | 64,089 | 61,372 |
| Provision for income taxes | 13,372 | 15,738 | 15,685 |
| Net income | $ 59,531 | $ 48,351 | $ 45,687 |
| Earnings per share: | |||
| Basic (in dollars per share) | $ 12.01 | $ 9.27 | $ 8.35 |
| Diluted (in dollars per share) | $ 11.91 | $ 9.21 | $ 8.31 |
| Shares used in computing earnings per share: | |||
| Basic (in shares) | 4,955,377 | 5,217,242 | 5,470,820 |
| Diluted (in shares) | 5,000,109 | 5,251,692 | 5,500,281 |
Using the financial information above, answer the following questions:
- Did the company show growth or decline?
- What in the income statement might indicate growth or decline? Give a specific example.
- If you were an investor in this company, would you consider this a successful quarter? Why or why not?
ANSWERS
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