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PoB 5.02 - Economic systems (3 of 4) Flashcards | StudBud

Explore/PoB 5.02 - Economic systems (3 of 4)

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

Which is an example of a speculative business risk?

PoB 5.02 - Economic systems (3 of 4)

5 terms·StudBud Administration·122 plays

5.02 Understand economic systems to be able to recognize the environments in which businesses function.

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Questions 5

Answers

1
Which is an example of a speculative business risk?
A supplier's shipment is lost in transit
A cashier gives unauthorized discounts to friends
A special promotion fails to increase sales
A customer is injured at a business and sues the company
2
In a private enterprise system, the interaction of supply and demand primarily determines:
economic choices
the extent of pollution
product prices
government regulation
3
Which is a problem associated with communist command economies?
high taxes
Individuals run the risk of losing their businesses
no competition
Supply and demand control what will be produced
4
Manufacturers giving back part of the purchase price the customer is...
nonprice competition
clearance sales
price fixing
offering rebates
5
A vendor extends credit to a company in exchange for being the ONLY vendor the company uses.
This violates the Clayton Act
This violates the Robinson-Patman Act
This violates the Celler-Kefauver Act
This violates the Sherman Act