exam 1 questions

A demand curve shows the relationship between the:

Since these firms function in a _ industry, a fare increase at United Airlines will likely result in increases at Delta

Owners of small businesses are responsible for much of the _____ of U.S. business

Businesses fail for a number of reasons. Which of the following is not one of those reasons?

When each team member is encouraged by other team members to do his or her best, then:

When we plot a supply and a demand curve for apples on one graph, the point at which the two points intersect is the

In a limited partnership, a single _____ runs the business and is responsible for all of the business liabilities.

who owns general mills

Adidas produces and markets shoes, clothes, and sports equipment. Adidas sells...

When Starbucks responds to environmental concerns by eliminating plastic straws, it shows a desire to be a ______.

A very important consideration in picking a legal form of business is _________.

Managers who make decisions without soliciting input from subordinates are using the following leadership style _

Which of the following is true regarding groupthink?

Which of the following is not true for a sole proprietor?

Sometimes the only section of a business plan that readers will consider is the _____.

Which of the following is the most common but riskiest option in becoming a small business owner?

Marcias first business was called "Bliss Spa." After selling this business, she launched two more companies, Marcia is

Generally speaking, economic systems can be divided into _____ and _____ systems.

_____ are major accomplishments that a company plans to achieve over a long period of time, generally five years.

A _leader, like Jamie, uses her authority based on her rank in her firm. Jamie is considered which type of leader?

Ted reported the amount of waste created by machinery was 15,000 more than planned.His report falls under what function?

Mary Kay _ states the organization is committed to“Enriching the lives of women and their families around the world”

Mike will often talk too much and interrupt others. He is guilty of which blocking strategy?

Factors of production—equipment, buildings, vehicles, and cash—are considered _____.

Kraft and Heinz were an example of a(n) _____.

majority of Americans entered the business world by working for_ which create jobs and provide opportunties for workers

team designed to take advantage of the special expertise of members drawn from different functional areas of the company

The most important benefit of incorporation is the _____ feature of corporations.

_____ not only provide factors of production (or resources) but also consume goods and services.

When management determines principles that should guide their organization’s behavior,what action below is taking place?

Corporations account for _____ percent of all U.S. businesses but generate almost _____ percent of the revenues.

Which of the following best describes entrepreneurs?

Companies build and support teams because:

Which of the following question(s) does an economist attempt to answer?

The principle of _____ refers to the number of people reporting to a particular manager.

Showing who reports to whom, an org. _describes the authority relationships among people working at different levels.

_____ involve(s) the design and management of the processes that transform resources into goods or services.

Paula is determining how many employees should work and at what times. She is performing which management function

a company's strengths, weaknesses, opportunities, and threats usually takes place during the process of _ planning

The shareholders elect a ___________, a group of people who are legally responsible for governing the corporation.