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TLI Exam 1 With correct answers.
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TLI Exam 1 With correct answers.
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TLI Exam 1 With correct answersWhen nndeveloping nnand nnmaintaining nngood nnstakeholder nnrelationships, nncompanies nnfind nnthat nn-
nncorrect nnanswer-most nnoften, nnthey nnmust nnbalance nnthe nnneeds nnof nnthe nnstakeholders nnwith nnthe nnneed
nnto nnmake nnprofits
The nnbranch nnof nneconomics nnthat nnlooks nnat nnthe nnoperation nnof nna nnnation's nneconomy nnas nna nnwhole nnis nn-
nncorrect nnanswer-macroeconomics
Which nnof nnthese nnindustries nnis nnamong nnthe nnfastest nngrowing nntoday? nn- nncorrect nnanswer-Health
________ nneconomies nnexist nnwhen nnthe nngovernment nncontrols nnwhat nngoods nnand nnservices nnwill nnbe
nnproduced nnand nnhow nnthe nneconomy nnwill nngrow, nnwhile nn________ nneconomies nnexist nnwhen nnthe
nnmarket nnlargely nndetermines nnwhat nngoods nnand nnservices nnget nnproduced nnand nnhow nnthe nneconomy
nngrows. nn- nncorrect nnanswer-Command; nnfree-market
Through nnthe nnenactment nnof nn__________ nnpolicy, nnthe nnU.S. nngovernment nncollects nntax nndollars nnand
nnthen nnspends nnsome nnof nnthese nnfunds nnto nnmaintain nnthe nninfrastructure nnof nnthe nnnation, nnsuch nnas
nnroads nnand nnutilities. nn- nncorrect nnanswer-fiscal
The nnU.S. nnunemployment nnrate nnis nna nnkey nneconomic nnindicator nnbecause nnmost nnof nnus nnneed nnjobs nnto
nnmaintain nnour nnstandard nnof nnliving. nnA nncriterion nnused nnto nncalculate nnthe nnunemployment nnrate nnis nn-
nncorrect nnanswer-unemployed nnpersons nnage nn16 nnand nnover, nnwho nnhave nnbeen nnlooking nnfor nnwork
nnduring nnthe nnpast nnfour nnweeks
Which nnfactor nnof nnproduction nnincludes nnthe nnmachines, nnbuildings, nnand nntools nnused nnin nnthe
nnproduction nnof nngoods? nn- nncorrect nnanswer-Capital
Gross nndomestic nnproduct nn(GDP) nnreflects nnwhich nneconomic nnmeasure? nn- nncorrect nnanswer-The nntotal
nnvalue nnof nnfinal nngoods nnand nnservices nnproduced nnin nna nncountry nnin nna nngiven nnyear
,Profit nnis nnbest nndescribed nnas nn- nncorrect nnanswer-Money nnearned nnafter nnexpenses nnand nnsalaries nnare
nnpaid.
In nnthe nnPhiladelphia nnsuburb nnwhere nnMatias nnoperates nna nnsmall nnshoe nnstore, nnmany nnyoung nnfamilies
nnwith nnchildren nnare nnmoving nnin, nnand nnmost nnolder nnresidents nnare nnmoving nnout. nnWhich nnbusiness
nnenvironment nnis nnbeing nnaffected nnby nnthis nnchange? nn- nncorrect nnanswer-social
The nnway nnin nnwhich nna nncountry's nnresources nnare nnutilized nnto nnproduce nngoods nnand nnservices nnand nnthe
nnway nnthose nngoods nnand nnservices nnare nndistributed nnamong nnthose nnwho nndesire nnto nnhave nnthem
nndepends nnupon nnthe nn- nncorrect nnanswer-economic nnsystem nnunder nnwhich nnthe nncountry nnoperates
When nnan nnairline nndecides nnto nnbuy nnnew nnplanes nnand nnis nndeciding nnwhich nncompany nnto nnbuy nnfrom, nnit
nndoesn't nnhave nna nnlot nnof nnoptions nnto nnchoose nnfrom. nnThis nndemonstrates nn- nncorrect nnanswer-an
nnoligopoly
What nnis nnthe nnbest nnexample nnof nna nnservice nnbusiness? nn- nncorrect nnanswer-day nncare nncenter
Adam nnSmith nnbelieved nnthat nnone's nnself-directed nngain nnwould nneventually nncreate nnprosperity nnfor
nnmany, nnand nncalled nnthe nnprocess nnthe nn- nncorrect nnanswer-Invisible nnhand
The nn________ nncurve nnindicates nnthe nnrelationship nnbetween nnthe nnprice nnof nna nngood nnand nnthe nnquantity
nnsupplied. nn- nncorrect nnanswer-Supply
Which nnbusiness nnenvironment nndetermines nnwhether nnpeople nnbelieve nnthey nncan nnafford nnto nntake nna
nnfinancial nnrisk nnand nnstart nna nnbusiness? nn- nncorrect nnanswer-Economic nnand nnlegal
Imagine nnthat nnnew nnsources nnof nnenergy nnhave nnbecome nnmarketable nnand nnthe nnindustries nninvolved
nnhave nnhired nnthousands nnto nnoperate nnthe nnemergence nnof nnnew nnbusinesses. nnDue nnto nnincreasing
nnsalaries nnin nnseveral nnother nnindustries nnthat nnpartner nnwith nnenergy nncompanies, nnthe nndemand nnfor
nneverything nnfrom nnfood nnto nnentertainment nnto nntravel nnhas nnincreased. nnHigh nndemand nnhas nnbrought
nnabout nnshortages nnin nnsome nnproduct nncategories. nnTo nnhelp nnmanage nnthe nnsituation nnin nnthe nnshort
nnterm, nn- nncorrect nnanswer-the nnFed nnwill nnlikely nnincrease nninterest nnrates
, The nnglobal nneconomic nntrend nnhas nnbeen nnfor nn________ nncountries nnto nnmove nntoward nn________. nn-
nncorrect nnanswer-capitalist; nnsocialism
Free-market nncapitalism nnincludes nnfour nnbasic nnrights: nnthe nnright nnto nnown nnproperty, nnthe nnright nnto nnown
nna nnbusiness nnand nnkeep nnthe nnprofits; nnthe nnright nnto nnfreedom nnof nnchoice; nnand nnthe nnright nnto nn- nncorrect
nnanswer-freedom nnof nncompetition
If nnCongress nnpasses nnan nneconomic nnstimulus nnpackage nnthat nnincludes nngovernment nnspending nnon
nnroads, nnbridges, nnand nnwater nnpurification nnsystems, nnalong nnwith nnsubstantial nntax nncuts nnfor nnmost nnU.S.
nnworkers, nnthis nnreflects nna nnbelief nnin nn- nncorrect nnanswer-Keynesian nneconomic nntheory
The nnlaw nnthat nnspecifically nnprohibits nn"questionable" nnor nn"dubious" nnpayments nnto nnforeign nnofficials nnto
nnsecure nnbusiness nncontracts nnis nncalled nnthe nn- nncorrect nnanswer-Foreign nnCorrupt nnPractices nnAct
Countries nnparticipate nnin nnforeign nntrade nnbecause nn- nncorrect nnanswer-no nnnation nncan nnproduce nnall nnthe
nnproducts nnits nnpeople nnwant nnand nnneed.
As nnthe nnUnited nnStates nndoes nnnot nnproduce nnenough nnsugar nnto nnmeet nnfood nnmanufacturer's nndemands,
nnit nnimports nnadditional nnsugar nncane, nnmostly nnfrom nnCentral nnand nnSouth nnAmerica. nnBut nnfor nndecades,
nnthe nnUnited nnStates nnhas nnrestricted nnthe nnamount nnof nnforeign nnsugar nnallowed nninto nnthe nncountry nnto
nnabout nn15 nnpercent nnof nnthe nnmarket. nnThis nnis nnan nnexample nnof nnwhich nntrade nnpolicy? nn- nncorrect
nnanswer-import nnquotas
Because nnof nnthe nnhigh nnvolume nnof nnmotorbikes nnand nnscooters nnas nna nncommon nnform nnof nntransportation
nnin nnIndonesia, nnPaulo nnwants nnto nnsell nnhis nncombo nnbike nncup/key nnholders nnin nnthis nnforeign nnmarket.
nnCurrently, nnthe nnU.S. nndollar nnis nntrading nnat nna nnhigher nnrate nnthan nnthe nnIndonesian nnrupiah.
nnEconomically nnspeaking, nnhow nnare nnPaulo's nnprospects? nn- nncorrect nnanswer-It nndepends. nnThe nnprice nnof
nnproducts nnin nnforeign nnmarkets nnis nnnot nndependent nnon nnthe nnvalue nnof nncurrency, nnit nnis nnonly nndriven nnby
nnthe nndemand nnfor nngoods nnand nnservices.
When nna nnnation nnexports nn$72 nnmillion nnworth nnof nnproducts nnand nnservices nnand nnimports nn$100 nnmillion
nnworth nnof nnproducts nnand nnservices, nnthen nnthis nnnation nnhas nna nn- nncorrect nnanswer-trade nndeficit
U.S. nnbusinesspeople nnare nnoften nnaccused nnof nnethnocentricity. nnThis nnmeans nnthat nn- nncorrect nnanswer-
they nnfeel nntheir nnculture nnis nnsuperior nnto nnothers
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