Intro to business final
2) financial resources.
3) material resources.
4) capital goods.
1) economic upheaval.
2) inflation problem.
3) depression cycle.
4) business cycle.
5) recession period.
1) demand for
2) supply of
3) equilibrium of
4) productivity of
5) monopoly associated with
1) Best Buy
5) H&R Block
3) fiscal policy.
4) monetary policy.
5) national economic policy.
1) The company’s CEO and top managers
2) The banks from which the business borrowed money
3) All employees of the small business
4) The consumers of the business’ products
5) The owner of the business
1) many buyers and many sellers.
2) few buyers and few sellers.
3) few buyers and many sellers.
4) many buyers and few sellers.
5) a few companies that control the market.
2) domestic system.
3) system of specialization.
4) factory system.
5) barter system.
1) natural resources.
3) information resources.
5) the entrepreneurial resource.
1) Crude oil
1) investors in the business.
2) lenders that have provided loans.
3) suppliers that have extended credit to the firm in search of profit for the firm.
4) employees who work for the firm.
5) all of the different people or groups who are affected by the business.
1) monetary policy.
2) fiscal policy.
3) debt policy.
4) recovery technique.
5) recovery guideline.
1) guaranteed economic success.
2) use owned resources to produce a profit.
3) accept or reject any job offered.
4) sell a product at the price chosen.
5) buy any economic good or service producers sell.
1) The demand for fish will decrease.
2) The supply of fish will decrease, causing a decrease in the price.
3) The demand for fish will increase at every price.
4) The demand for fish will decrease at every price.
5) The demand for fish will likely remain the same, but the market price will adjust.
1) encourage pure competition.
2) encourage monopolistic competition.
3) lead to an oligopoly.
4) create a limited monopoly.
5) create a monopoly.
2) the economy.
5) the workplace.
1) lost sight of consumers’ needs.
2) attempted to satisfy consumers’ needs.
3) followed consumers’ wants too closely.
4) knew the economy would rise again.
5) did not expect a profit.
5) Natural resources
2) ethical only under certain circumstances.
3) uncommon in many foreign countries.
4) economic returns.
1) call the police and arrest both the “time” thieves and the office supplies thieves.
2) fire all those who have taken office supplies, and suspend those who have taken too much time.
3) change the code of ethics in the personnel policy manual to prohibit these practices.
4) make the corporate culture encourage more ethical behavior.
5) let the union know about the problem during next year’s pay negotiations.
1) an unethical organizational relationship.
2) a conflict of interest.
3) social responsibility.
4) unethical communications.
5) ethical persuasion.
1) leisurely and lightly
2) firmly and consistently
3) on a case-by-case basis
4) quietly and erratically
5) frequently and severely
1) is laws and regulations that govern business.
2) is the application of moral standards to business situations.
3) do not vary from one person to another.
4) is most important for advertising agencies.
5) is well-defined rules for appropriate business behavior.
He focused particularly on the importance of fulfilling the purpose of the business organization: that is, to produce and market profitable products needed by society. In so doing, he indicated that a stockholder, not the society as a whole, invests in a corporation to earn a return on his or her investment and that a firm is legally obligated to act in stockholders’ interests. What concept do the manager’s comments reveal
1) Socioeconomic model of social responsibility
2) Economic model of social responsibility
3) Strictest model of social responsibility
5) Rights of employees
1) The right to be informed
2) The right to choose
3) The right to safety
4) The right to be heard
5) The right to comfort
2) obtain credit.
3) be heard.
4) be informed.
5) Biological disaster
1) Employees earning vacation time
2) Horrible working conditions
3) The organization of labor unions
4) Frequent accidents resulting in injury and death
5) Employees working long hours
1) announces the beginning and end of a work shift.
2) praises his or her own accomplishments.
3) does public relations work for a company.
4) accepts responsibility when a company is in trouble with the government.
5) reports illegal or unethical conduct within his or her organization.
2) The economic model of social responsibility
3) The socioeconomic model of social responsibility
4) Consumer protectionism
5) A lack of social responsibility
1) a corporate discount.
2) a common business practice.
3) a bribe.
4) personal selling.
The human resources manager at Swingline, Inc., a manufacturer of office staplers, wants to encourage a more ethical climate in the organization. A likely way for Swingline to do this is to
1) make certain that Swingline has a company code of ethics that is enforced.
2) add an ethics department whose job is to constantly watch employees to be certain they behave.
3) develop a system of security cameras, telephone monitoring, and one-way mirrors to be certain that employees behave appropriately.
4) avoid any mention of ethics to employees so that they will not think unethical thoughts.
5) do none of the above. All of these practices are illegal because they take away an employee’s constitutional right of free choice.
2) import quota.
3) trade ban.
4) foreign-exchange control.
5) import duty.
1) import duty.
2) foreign exchange control.
3) import quota.
5) export duty.
1) multinational enterprise.
2) joint venture.
3) exporting business.
4) licensing firm.
5) none of the above.
1) Absolute advantage
3) Relative advantage
4) Dominant advantage
5) Comparative advantage
If Japan were regarded as the best electronics manufacturer in the world, what would be true?
1) Japan would have a comparative advantage in electronics manufacturing.
2) Japan would have a positive balance of trade.
3) The United States would have a comparative advantage in electronics.
4) Japan would have an absolute advantage in electronics production.
5) Japan would have a trade deficit with the United States.
1) import duty.
2) import deficit.
3) trade embargo.
4) import tariff.
5) import quota.
1) an overall favorable balance of trade.
2) an overall unfavorable balance of trade.
3) a favorable balance of trade with Jamaica.
4) neither a favorable nor an unfavorable balance of trade with Jamaica.
5) an unfavorable balance of trade with Jamaica.
1) comparative advantage.
2) trade deficit.
3) balance of payments.
4) negative output.
5) positive balance of trade.
1) A Chinese manufacturer sells toys to a large toy retailer in the United States
2) Intel sells its processors to a computer manufacturer in Korea.
3) A large jewelry store in England purchases its diamonds from DeBeers in South Africa.
4) A bearing manufacturer in South Carolina sells its parts to a Toyota plant in Kentucky.
5) French companies purchase crude oil from Saudi Arabia.
1) trade deficit.
2) favorable balance of trade.
3) unfavorable exchange rate.
4) unfavorable balance of trade.
5) unfavorable balance of payments.
Need essay sample on "Intro to business final"? We will write a custom essay sample specifically for you for only $ 13.90/page