POB Unit 5

Will a museum be a business?

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

Which is a reason that natural resources are considered limited?

A business that begins selling winter holiday decorations in late autumn. What type of utility?

One reason businesses develop an organizational design requiring a board of directors is:

Which change provides the most time utility for a consumer?

Countries who provide citizens with free medical care, education, and other benefits are called

When manufacturers give back part of the purchase price of an item to the customer,this is a:

Due to low demand for trucks, a dealer has been forced to lower prices, creating which market?

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

Businesses that successfully adapt to current market situations often realize that

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

Which situation would most likely indicate the need to adapt to changes in business environment

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

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

3 employees each work 35 hours/week, produce 9,765 items, what is the total hourly productivity

Which would customers need to present at time of purchase to get money taken off purchase price

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

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

Which is an example of a speculative business risk?

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

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

The basic role of the United States government is to:

If he wanted to raise more cows, he would have to reduce his growth of apples. This is

Which situations would cause prices to rise?

Which provides government protection of business property?

Which is an example of ethical business behavior?

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

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

The two main divisions of the trade industry are:

Which business activity should the owner use to inform potential customers about a new product?

What is net profit if: $762,750/income, $291,400/operating expenses, $238,930/cost of goods?

What method for going global would be best to recommend to the small-business owner?

Which is an external factor that affects market price?

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

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

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

A vendor extends credit to ensure sole supplier status. What federal act are they violating?

Which group of words best describes wants?

When prices increase, producers usually:

3 primary factors affecting organizational structure: interpersonal relationships, tasks, and:

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

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

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

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

Government can borrow money from the private sector in order to pay the costs of regulation by:

Which is a factor that affects the business environment?

Business ethics involve considering issues about what is:

The formula that is generally used to measure productivity is:

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

In business terms, what is profit?

The productivity of an individual worker can be measured by:

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

Which is an example of an economic service?

Which is a problem associated with communist command economies?