Bus 100 Final Exam || with 100% Error-free Answers.
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standard of living correct answers the quality and quantity of goods and services available to a population
relationship era correct answers in the history of business this is the era we are in today where companies try to figure out what consumers want and create that product to meet their need...
Bus 100 Final Exam || with 100% Error-free Answers.
standard of living correct answers the quality and quantity of goods and services available to a population
relationship era correct answers in the history of business this is the era we are in today where companies try to figure out what consumers want and create that product to meet their needs
fiscal policy correct answers the governments efforts to influence the economy thru taxation and spending
GDP (Gross Domestic Product) correct answers a measure of the total value of all goods and services produced within a nations physical boundaries
capitalism correct answers an economic system based on private ownership of business, profit retention, private property, free choice, and fair competition.
oligopoly correct answers soft drinks and gas are products where are only a few sellers and it is market is hard to break into bc of high start-up cost. what type of competition are these types of companies involved in?
demand correct answers the quantity of products that consumers are willing to buy at different prices. consumer will usually buy more if the price drops.
Absolute Advantage correct answers China can produce more clothing that any other nation using the same amount of resources so they are said to have what?
Balance of Trade correct answers The value of the products that the U.S. imports is more than the value of the products that are exported. what is the difference called?
common market correct answers the European Union is a group of countries that have eliminated
all trade restrictions and harmonized trading rules. What type of organization is this?
Sustainable Development correct answers In the U.K., McDonald's recycles 100% of its used cooking oil for biodiesel fuel, thus doing business to meet the needs of this generation without harming the ability of future generations this is called?
carbon footprint correct answers many large manufacturing facilities emit an enormous amount of harmful greenhouse gases. Measuring these emissions would be an indication of the company's __________?
Direct investment correct answers A way for a company to become global by acquiring businesses or develop new facilities in foreign countries and actually setting up a facility in another country. Planned obsolescence correct answers Funtime Toys deliberately designed their toy trucks to break quickly order to shorten the time btwn consumer repurchases. This is known as ______________?
Canada, United States, and Mexico correct answers NAFTA (North American Free Trade Agreement) is a trading bloc btwn which countries designed to eliminate trade barriers
Noise correct answers the students are sleepy during an afternoon class causing interference btwn the teachers msg or info and the students understanding of it. This interference is ____________?
Active listening correct answers Shannon is focusing her complete attention on the speaker and acknowledging that she understands by nodding her head occasionally. What type of listening is she engaged in?
Active Voice correct answers a way to write sentence so that the subject of your verb is doing the
action. Ex.) The Midwest sales team met the monthly sales goal
A business is owned by a single individual correct answers which of the following best describes
a Sole Proprietorship?
Unlimited Liability correct answers This term means the debts of the company are the personal debts of the owner - there is no difference btw the company and the owner in the eyes of the law
The limited partner cannot participate in the management of the firm correct answers which of the following describes a limited partnership?
Close Corporation correct answers what type of corp has all stock is held by a few investors, typically am, and it is not publicly traded
Crowdfunding correct answers you want to raise money to produce a movie so you can create campaign at kickstarter.com to raise money from a large number of investors via the internet. What type of fundraising is this?
Opportunity cost correct answers You have chosen to go to school rather than getting a full-time job with the understanding that college graduates make more money. What type of cost is this?
capital gains correct answers this is the result of the market price for stock rising above the price paid for that stock
Liquidity Ratios correct answers these ratios measure a firm's ability to obtain cash and pay it short-term debt. Ex.) current ratio
Indirect costs correct answers these types of costs are the result of a firms general operations and not tied to any specific object. Ex.) Copy machine
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