BUSINESS 111 FALL 2021

FINAL EXAM REVIEW GUIDE

Final Exam Date: SATURDAY, DECEMBER 11TH, 2021, 8:30 AM, 2.5 hours

Permitted resources: Calculator, printed copy of Official scrap paper and formula
sheet (print double-sided - three sheets of paper in total)

Environment scan details: at the start of the exam show the front and back of
each of the three sheets of paper above, and front and back of your calculator.
Upload pictures of the front and back of the sheets of paper to MyLS immediately
after submitting your exam.

Exam will be written on MyLS using the lockdown browser and monitor. 
It is your responsibility to make sure you have access to reliable internet, a quiet and
private space and understand and execute the environment check. Complete the
Respondus practice quiz the day before the exam to test your technology.
Make sure you know how to execute the environment scan properly or you risk
forfeiting your exam mark. . Instructions and Respondus test are posted on
MyLS. 

Important Notice: If you become ill and cannot write the exam you must submit
a "Petition for Exception to Academic Regulations" to the Student and Petitions
Coordinator. The professors do not have authority to defer final examinations

Exam Format:
30 Multiple Choice = 30 marks
4 Short Answer: 6 to 7 marks each, broken down into 2 to 4 mark components =
25 marks
5 Problem-based questions, 4 to 6 marks each = 25 marks
80 marks total

Permitted aids: Calculator, and A PRINT OUT OF THE FILE LABELLED “SCRAP
AND FORMULAS”. SHOW THE FRONT AND BACK OF THESE PAGES AT THE
START OF THE EXAM. No other paper or formula sheet is permitted.

TOPICS TO BE TESTED:

Please be aware that it is expected that students know the Diamond-E, Porter’s Five
Forces, Key Success Factors and Key Performance Indicators. The exam will not
have any questions testing understanding of these but may require their application.

Estimation
● Identify variables that might be estimated when determining the impact of a
solution or proposal
● Learn to break down problems using population, household, individual or proxy
● Recognize where assumptions can be refined to improve accuracy
● Apply knowledge to some common estimation questions
Technological Factors
● opportunities and threats of technology
● installed base, lock-in, switching costs, complementary goods, technology
standards, network effects, vicious/virtuous cycle – description, importance and
connections between them, examples
● four innovation types and challenges they create
● sustaining innovations – what they offer, who they serve, examples
● disruptive innovations – what they offer, who they serve, examples, why
disruptive innovations can cause large firms to fail
● tactics for small companies to succeed and for large companies to avoid failure
● technology’s impact on industry profitability using Porter’s Five Forces
framework

Economic Factors
● four pillars of Canadian financial system – description, roles/functions
● bonds – characteristics (return, term, priority over stockholders), factors
affecting price, calculating approximate yield to maturity, relationship between
prevailing interest rates and bond prices, reading bond quotations
● common stocks – characteristics (return/dividends, term, priority in bankruptcy
situations, voting rights), factors affecting price
● market conditions – appropriate investing strategies
● margin buying – concept, rules, when it makes sense, potential losses and
gains, calculation of margin transaction, margin calls
● Time Value of Money – application of appropriate formulae to problems

Social Factors

● why is understanding demographics important to business

● cohorts and demographic trends in Canada and the opportunities and threats
each one might create
● describe cohorts, their characteristics and the implications of these
● factors and how they influence demographic characteristics; implications of
characteristics for managing human resources, meeting customer needs,
attracting consumers and how much and what consumers spend on

Political Factors

● government influence over business – description and connection to other

course models
● business influence over government – description
● forms of business ownership – sole proprietorship, partnership, private
corporation, public corporation– description, advantages and disadvantages,
compare and contrast
● social enterprise – characteristics and comparison to traditional for-profit
enterprise
● globalization – description, forces, decision components
● factors to identify where to expand internationally
● foreign entry strategies – characteristics, descriptions, risks, capabilities
needed, when to use, how they compare, Diamond-E considerations when
choosing
Strategic focus and Expansion models:
● Ansoff matrix – relationship to other models; connection to business situation
framework, international expansion
● For each strategy: description, riskiness, how it compares and contrasts
with other strategies, what it is, why you should do it, challenges you must
overcome, tactics to use, Diamond-E and Porter’s insights and questions

Resources

Questions to Think About at the end of each set of lecture slides

Pearson Textbooks: Ebert and Consulting Text as indicated in the course outline
and on slides

Pearson chapter quizzes and investment and time value questions

Lab Manual: Estimation

Time Value of Money content and exercises
Investment Instrument content and exercises
Canadian Demographics – Government Data
Demographic cohorts and their characteristics