Duplicate of Introduction to Business - Final Exam Review Questions 21 - 40

Question 1

Goods and services sold to other countries are called

Accepted Answer

Exports

Question 2

Which of the following is NOT a cultural/social factor that affects international business?

Accepted Answer

Climate

Question 3

A limit that a government places on the quantity of a product during a given period is

Accepted Answer

Quota

Question 4

Which is NOT an important human relations skill needed by leaders and managers?

Accepted Answer

High level of education

Question 5

What is the capital of New York?

Accepted Answer

Albany

Question 6

If you start a new business, you will need information about

Accepted Answer

All of the above

Question 7

A frequently cited stock market indexes is:

Accepted Answer

The Dow Jones Industrial Average

Question 8

Removing work from one company and sending it to another because it saves money is called

Accepted Answer

Outsourcing

Question 9

What is Thomas Edison best known for?

Accepted Answer

inventing light bulb

Question 10

A tax that a government places on certain imported products is called

Accepted Answer

Tariff

Question 11

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

Accepted Answer

Board of directors

Question 12

The most successful business owners

Accepted Answer

Establish good relationships with other professionals

Question 13

Which of the following is one of the service-producing industries?

Accepted Answer

Real estate

Question 14

The form of ownership that gives one person sole control over all business decisions

Accepted Answer

Proprietorship

Question 15

The phase of the business cycle in which unemployment is highest is

Accepted Answer

Depression

Question 16

Location is important to small retail businesses because

Accepted Answer

All of the Above

Question 17

In what city is this iconic building located?

Accepted Answer

Chicago

Question 18

In which economic system is the governments's role the greatest (most influence)

Accepted Answer

Communist

Question 19

A typical characteristic of entrepreneurs is that they

Accepted Answer

Are willing to take risks

Question 20

This is NOT a major responsibility of a company's human resource department

Accepted Answer

Drafting a budget for the entire company

Questions 20