HSoB Principles of Business Final Review_Part 1

What determines whether an economic product is an industrial product or a consumer

One reason a physicians' practice might form as a Limited Liability Partnership  (LLP)  is to

Most businesses put their greatest competitive efforts into competing

Changing a good's form involves which of the following:

Which of the following economic resources is responsible for combining the other resources

In a communist command economy who decides how the economic questions will be answered?

Offering high quality, large assortments, and free shipping are examples of

Which of the following government actions is most likely to stimulate the economy:

In economics, the term capital goods includes

Which of the following is a benefit of international trade

Which of the following are qualities of monopolies:

A characteristic of human wants is that they are

Which of the following is a disadvantage of market economic sytems:

One of the freedoms provided to individuals by the private enterprise system is

A form of business ownership when two or more people share the risk, cost and needed skills

Two ways that governments impact business are

The business function responsible for computer systems, data collection, and system integration

The business function responsible for planning, staffing, organizing, directing, & coordinating

Which of the following is a potential problem in market economies?

Which of the following factors has aided the most in creating a global business environment:

One reason that a U.S. company would decide to offer its products in other countries is

Which activities are likely to increase a firm's profit?

Why it is important for businesses to identify and respond to current business trends

Consumers are typically most willing to pay more for goods and services that bring them greater

A main reason that environmental scanning is important is so that businesses can be aware of

Which change provides the most time utility for a consumer?

The business function responsible for buying supplies at the lowest price

Private enterprise is based on the idea that everyone is better served when

How does the trend towards protecting the environment has a negative effect on many businesses?

Why should a business practice good ethics?

A business that fails to protect its employees from safety hazards on the job may be sued for

The business function responsible for recruiting, hiring, traing and coaching employees is

A socially responsible business will attempt to give customers

Using a stream to supply water to a field in order to grow crops is an example of using

A situation that might make businesspeople from other countries feel uncomfortable

A nation that imports more than it exports maintains a

Why are entrepreneurs important in a private enterprise system?

A reason that some U.S. businesses have moved some of their operations to foreign countries is

When businesses analyze where customers live and their ethnic backgrounds they are using

A popular product is said to be

Producers respond to consumers' increased demand for a product by

What happens when there is a shortage of skilled workers

It is important for businesses to be concerned with their on-line customers'

If expenses are greater than income, there's no

Which of the following is a true statement about business ethics and the law:

One way that competition helps to build a prosperous society is by

Government owns the basic means of production with some private ownership of businesses under

The business function responsible for safety, on-time delivery, shipping, and manufacturing

Lack of economic growth is a major problem for 

The business function responsible for promoting, selling, pricing and advertising

An alternative resource to use in place of a nonrenewable natural resource:

A manufacturer is a type of business that

What type of property is a business protecting when it registers its trademark?

Nonverbal communication that might have a different meaning other parts of the world:

The business function responsible for producing monthly, quarterly and annual reports is