Chapter 2/3 Test Review

Which of these Cultural Influences do NOT affect society in business?

A country with a strong business activity that is usually a result of advanced technology

Economies where most basic industries are owned and operated by government agencies

Method a country uses to answer the basic economic questions

The factor of production that includes the individuals investing money to run businesses

An increase in the average prices of goods and services in a country

What is the most commonly spoken language in conducting business in the world?

Which of these is NOT an industrialized country?

Which of these languages are NOT widely spoken in Africa?

Another name for a Market Economy

The value of one country's money in relation to the value of money in another country

Which of these countries does NOT have French as an official language?

What is the only country South America that has Dutch as an official language?

Consists of parents and unmarried children living at home

Which of these factors does not influence economic development in a country?

When a country specializes in the production or a good/service where it is relatively efficient

What is the only country in South America that has Portuguese as an official language?

Consists of parents, children, and other relatives living together

The factor of production that includes buildings, money, equipment, and factories

Communication that does not involve the use of words

According to the book, what is the most useful second language to learn to conduct business?

What is given up when a choice is made

Which of these do NOT exist in a market economy?

The limited resources available to satisfy the unlimited needs and wants of the people

What city in Florida has a Disney Park?

The process of changing an industry to publicly owned to privately owned

The elements a company needs to make and sell a product

The mountainous geography in South America makes ______ a major economic activity

Which of these is NOT a major crop of South America?

Bolivia lacks a ______ which make international business more difficult

A country with little economic wealth and an emphasis on agriculture or mining

The belief in the individual and their ability to function relatively independently

The amount a country owes to other countries

The belief that the group is more important than the individual

The difference between a country's imports and exports

Which of these is an example of a developing country?

In which of these countries would your family be invited to a business meeting?

What is the most commonly spoken native language in the world?

The point at which supply and demand are equal

The belief that one's culture is better than other cultures

Which of these is NOT a less developed country?

A report published by the Bureau of Labor Statistics

The factor of production which includes people who work to create goods and services

Which of these countries does NOT conduct business in English?

What city in California has a Disney Park?

Which of these cities does not have a Disney Park?

Measures the total value of all goods and services produced by the resources of a country.

A system of learned, shared, unifying, and interrelated values, beliefs, and assumptions

Amount of a good or service that consumers are willing and able to purchase at a certain price

What is the only country in South America that has English as an official language?

Measures output of a country within its borders, including items made with foreign resources

Includes facial expressions, upper and lower body movements, and gestures

Which of these countries is considered a less developed country?

Which of these cultural influences do NOT affect business in society?

Which of these is NOT a basic economic question?

Countries that are evolving from less developed to industrialized

When a country can produce goods or services at a lower cost than anyone else

Part of a large culture that may have slightly different beliefs/values from the larger culture

In which of these countries is it customary to drink alcohol during a business meeting?

A mix between government planning and private ownership

An economic system in which the central government regulates and plans the economy

Amount of goods/services that a business is willing/able to make available at a certain price

What is the official language of Chile, Argentina, Ecuador, Peru, Bolivia, and Colombia?

In which of these countries would you be expected to touch or kiss your business partner?

The factor of production that includes all natural resources and raw materials

What is a country that uses a legal class system?

Which of these is NOT a Factor of Production?

In which of these countries would a woman NOT have to cover herself to conduct business?

A means of dividing the members of a cultural group into various levels

Economic system in which consumers and businesses make decisions about how items are produced