[MGMT 1] - Final Exam Guide - Everything you need to know! (74 pages long)
Document Summary
Lecture 1: taking risks and making profits within the dynamic business. Office hours @ 11:00 12:30; location sb1 4th floor rm 4315. T/f and multiple choice questions (bring f288 scantron) Timed/ questions on the exams ar from reading and lectures. Use lastnamestudentid as official name on connect. Can earn 1% of ec from participating in paul merage research. Services make up over 70% of us economy. **higher risks often goes hand in hand with higher rewards. Labor (lots of changes because of technology) Take risks (money, time) to start a business. Successful entrepreneurs can make a lot of money (bill gates) Higher risks often go hand in hand with higher rewards. Successful people took the right risks but unsuccessful people took too many. Lecture 2: taking risks and making profits within the dynamic business, Revenues: total amount of money generated during a given time period. Expenses: total amount of money spent during a given time period.
