Unit 5 Test

What method is best?

Business ethics involve considering issues about what is:

A business selects goods or services to sell. Which type of risk is this business using?

Which is an example of an economic factor that affects the business environment?

A local dry cleaner that also launders and presses shirts is selling:

In a private enterprise Econ. system, interaction of supply and demand primarily determines:

When manufacturers give back part of a purchase price of an item to a customer, they engage in:

What is their total hourly productivity level?

A killing frost destroys 80% of Florida's citrus crop. This will most likely create:

Businesses that successfully adapt to current market situations often realize that:

The usefulness of a product to consumers is referred to as product:

The desire for which item(s) would be considered a noneconomic want?

A U.S. company would decide to offer its products in other countries as a reason to:

Which represents a natural risk for the owner of a delivery service?

Which group of words best describes wants?

The formula that is generally used to measure productivity is:

A major characteristic of a market economy is which type of ownership of property?

Which type of market is created for blue pickup trucks?

The productivity of an individual worker can be measured by:

One reason that has caused the government's role in business to expand is that:

Which situation most likely indicates the need to adapt to changes in the business environment?

This is an example of:

The government can borrow money from the private sector to pay the costs of regulation by:

What is an example of an economic service?

What is the business' net profit?

Of what type of management process is this an example?

For a business, income remaining after payment of expenses is:

What is the total hourly production output?

Which business activity should be used to inform?

The basic role of the United States government is to:

Which needs to be presented?

Which situation would cause prices to rise?

Which is an external factor that affects market price?

Which affects the business environment because it provides the most options for consumers?

A business that begins selling winter decorations in late autumn creates what type of utility?

Which change provides the most time utility for a consumer?

Which is a natural resource that can be renewed through people's efforts?

3 primary factors also include:

Will the museum be a business?

Which occurs when the supply of individuals who are able and willing to work diminishes?

If a business is not concerned about social responsibility, it is likely to:

Who decides how goods and services will be marketed in a private enterprise economic system?

The 2 main divisions of the trade industry are:

These kinds of countries are referred to as which type of state?

Which is a reason that natural resources are considered limited?

When prices increase, producers usually:

Which is an example of a speculative business risk?

Which provides government protection of business property?

One factor that might limit the human resources available for certain jobs is a/an:

One reason:

Equilibrium price of a good or service is determined by trial and error and exists when:

Which is a factor that affects the business environment?

In business terms, what is profit?

Which is a problem associated with communist command economies?

Which is an example of ethical business behavior?

What does this demonstrate?

Which factor has aided the most in creating a global business environment?

What federal act is being violated?