Duplicate of FINAL Review Intro to Business

Top management has little impact on the ethical conduct of a business

The specific group of people your're wanting to sell products to is called

A unique business organized by two or more other businesses to operate for a limited time

Things that are required in order to live are known as wants

This is the largest source of revenue for the federal government

The BEST way leaders can emphasize the importance of ethical behavior is to

Exclusive control of a market or product is called

Important principles that guide decisions and actions in a company are known as

The duty of a business to give back to the community is called

The easiest form of business to start is the

In the United States, police and fire protection is usally provided by

People producing goods and services are called

Which of the following is an economic need?

Socially responsible actions benefit the community members but not the employees

Government income is called revenue

The government is the single largest employer in the US

Which of the following is NOT a standard of ethical behavior?

Which of the following is true of a copyright?

All of the following are benefits of socially responsible activities EXCEPT

The people who make the major policy and financial decisions for a corporation are called the

All of the following are functions of management EXCEPT

All of the following are benefits of competition EXCEPT

All nations have what type of economy?

As competition increases, prices

Every manager gives the same amount of time and attention to each of the management functions

A company's logo is protected by which type of intellectual property?

The form of ownership most common in the US

A person who buys and uses goods and services is called a consumer

Contracts must contain all of the following in order to be legally binding in cour EXCEPT

Buildings, equipment, and supplies are examples of natural resources

A company's chief operating officier is an example of a(n)

If a manager is more directive, controlling, what type of style is this?

It is easier for a small business to meet the precise needs of customers than a large business

Who owns the economic resources in a market economy?

Another name for the economic system in the United States is