John denied a rival band from performing his song at a local concert.What govt service is this?

Intellectual Property Protection

Which is an example of a company establishing supply?

Walmart sends only 5 touch screen computers to each store.

An example of a value for a command economy is:

a central leadership group expecting all the profit.

An example of a value for a market economy is a:

local company choosing to produce gaming software.

Which is an example of consumers establishing demand?

The purchase of iPhone applications increasing daily

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POBF Midterm Review

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Questions 16

Answers

1
Dow Chemical provides all employees natural fitting equipment to eliminate injuries.
Workplace Diversity
Job Safety
Environmental Protection
Employee Wellnes
2
Carlos ignores minor decisions in his business & his name is on the sign as 1 of the owners.
Corporation
Partnership
Sole-proprietorship
Franchise
3
John denied a rival band from performing his song at a local concert.What govt service is this?
Safe work environment
Contract Enforcment
Environmental Protection
Intellectual Property Protection
4
Harry checks his calendar for tasks assigned by his boss & he very seldom sees his boss.
Laissez-faire
Democratic
Objective
Autocratic
5
Todd decided to form a corporation instead of a sole proprietorship because of which ADVANTAGE?
Single taxation
Limited Life
Limited Liability
Ease of formation
6
Which is an example of a company establishing supply?
Walmart sends only 5 touch screen computers to each store.
Reebok is trying to attract more middle-aged customers.
Ann Jones Clothing Store upgrades its equipment regularly.
Sears Department Store displays fewer lawn mowers.
7
Bryers plans on increasing the amount of ice cream sold.How is this an ex. of a market economy.
Consumers set demand
Demand and supply factors influence market prices
Supply and demand generated competition
Producers establish supply
8
Mary own stock and plans to pass her ownership to her child,what advantage is this?
Potential of Unlimited Life
Potential of Unlimited Liability
Limited Capital
Single Taxation
9
An example of a value for a command economy is:
a local group producing televisions the same way every year
a local company choosing to produce 10,000 televisions.
a central leadership group expecting all the profit.
an individual deciding to purchase three new televisions.
10
An example of a value for a market economy is a:
local company choosing to produce gaming software.
central leadership group expecting all profit
local group producing tv's the same way through the years
local group believing in following traditions at work.
11
Sy approves for his employees to attend meetings so that he knows exactly where they are.
Varied
Tactical
Strategic
Mixed
12
John specializes in leasing buildings.In which type of resource does he specialize?
Natural
Human
Capital
Service
13
Lowe's provides credit cards to other businesses to meet goals. What function is this?
Distribution
Selling
Pricing
Financing
14
Which is an example of consumers establishing demand?
The purchase of iPhone applications increasing daily
The footwear company moving in its new building
The department store changing its staff
The wait to return recalled equipment decreasing daily
15
John is responsible for processing applications.He is performing which level of management?
Top Management
Mid-Management
Supervisors
Management by others
16
Vera meets regularly to discuss with all her employees new marketing campaigns.
Objective
Autocratic
Democratic
Laissez-faire

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