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Introduction to Business FBLA Study Guide Exam Questions and Answers
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Introduction to Business FBLA StudyGuide Exam Questions and Answers
Consumers practice the right to _____ when comparing information on labels
before making a purchase. - -be informed
- More than 150 customers who purchased a home from a local builder now
have mold problems due to faulty construction. This situation may result in
the use of: - -a class action lawsuit
- The largest percentage of U.S. businesses employ: - -no employees other
than the owner
- Money loses its value when it: - -becomes too plentiful
- Two things shared by many companies with highly motivated employees
are: - -open communications and self-managed teams
- A desire to acquire additional education beyond the college degree is an
example of: - -values
- _______ is not a business strategy for a business risk. - -Ignore the risk
- __________ is the study of how to employ resources to produce goods and
services and distribute them among competing groups and individuals. - -
Economics
- _______ is the obtaining of private and personal information about a person,
such as a credit card number, and using that information to buy things. - -
Identify theft
- Which of the following situations represents international business? - -A
farmer in Nebraska sells soybeans to a company that sells food products to
Japan.
- The first step in the consumer decision-making process is called: - -
problem recognition
- ________ marketing involves developing a unique mix of goods and services
for each individual customer. - -One-to-one
- Limited liability for business debts is granted to: - -shareholders in S
corporations
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