BUS101Test1
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| show | b.economic system
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| show | a. the market price
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| which of the following exists when an industry or market has only one producer? | show 🗑
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| which of the following measures indicates the prices of typical products purchased by American consumers living in urban areas? | show 🗑
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| show | D. difference between revenue and expenses
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| Which of the following represents a potential ethical implication that the company should consider before beginning production? | show 🗑
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| what marks the key difference between economic systems? | show 🗑
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| what term do economists use for the pattern of short term expansions and contractions in the economy? | show 🗑
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| ESSAY!!! What is measured by the consumer price index (CPI)? | show 🗑
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| ESSAY!!! Differentiate between gross national product (GNP) gross domestic product (GDP). | show 🗑
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| How do top managers best demonstrate a commitment to ethical business practices? | show 🗑
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| What term refers to the way in which a business tries to balance it's commitments to groups and individuals in it's social environment? | show 🗑
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| show | a. organizational stakeholders
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| Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks? | show 🗑
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| What does the sarbanes-oxley act of 2002 require a chief financial officer to do? | show 🗑
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| If a firm hides responsibility for wrong doing, what type of stance are they taking towards social responsibility? | show 🗑
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| Dara's Dress Shop was honored last year for it's strong commitment to corporate social responsibility. Which of the following would most likely decrease her shops chances of being recognized again this year? | show 🗑
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| Which of the following organizations has as it's primary function the regulation of advertising and pricing practices? | show 🗑
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| ESSAY!!! What is collusion? | show 🗑
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| ESSAY!!! What would constitute a conflict of interest in a business setting? | show 🗑
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| show | b. Sole Proprietorships
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| show | e. Corporation P 75
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| Which type of business is legally considered a separate entity from it's owners and it liable for it's own debts? | show 🗑
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| show | a. Stockholders
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| show | e. 50
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| show | b. high start up costs
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| Which of the following is the most significant recent trend in small business start ups? | show 🗑
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| show | c. sole proprietorship
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| show | Business person who accepts the risks and opportunities involved in creating and operating a new business venture
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| ESSAY!!! Why might an entrepreneur wish to purchase an existing business rather than start one from scratch? | show 🗑
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| Which of the following refers to the situation when a country's imports exceeds it's exports? | show 🗑
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| Which of the following buys products in foreign markets and then sells them for resale in it's home country? | show 🗑
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| Which of the following denotes a government order for bidding exportation or importation of a particular product from a particular country? | show 🗑
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| show | d. local content law
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| show | d. cartels
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| show | b. China
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| show | e. floating P96
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| show | a. absolute advantage
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| ESSAY!!! How has NAFTA (North American Free Trade Agreement) influenced international trade | show 🗑
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| show | associations of producers that control supply and prices like OPEC
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| Which type of manager spends most of their time working with and supervising the employees who report to them? | show 🗑
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| show | a. middle manager
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| What type of skills are needed to understand and work well with people in the workplace? | show 🗑
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| show | d. decision making skills
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| show | d. long term goal
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| show | a. buying shares of small companies that provide technology that's unavailable to the purchasing company
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| Which element of an organization is defined by shared experiences, stories, beliefs, and norms? | show 🗑
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| show | a. marketing b. planning c. leading d. strategizing e. organizing P117
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| ESSAY!!! What is a mission statement? | show 🗑
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| show | Identification and analysis of organizational Strengths Weaknesses environmental opportunities and threats as part of strategy formulation
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