Intro to Bus Final Exam Review

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

What is mission statement?

The United States conducts trade with more than ____ countries.

Every nation must decide

Which of the following scenarios is likely to cause the value of a country’s currency to rise?

Kim’s coworkers support her because they like her & believe she has the best interests

B had $25 to spend. He decided to buy a new shirt instead of going to the amusement park...

Which is an economic need?

Business activities start with

Who owns the economic resources in a market economy?

A precise statement of results a business expects to achieve is a

Ethical behavior consists of

Executives spend most of their time on

Which of the following is probably NOT a mid-management job?

What is the final step of the decision-making process?

A customer service manager, has sent a memo to one of his employees. This is an example of

A written legal document defining ownership and operating procedures and conditions for a corp

According to the SBA, a small business is an independent business with fewer than __ employees.

Which type of economy is usually centered mainly on meeting people’s basic needs?

What is the first step in the decision-making process?

Which of the following scenarios will probably cause prices to drop?

Inflation

All of the following people are part of the labor force EXCEPT

Another name for the economic system in the United States is

A country in which a multinational company conducts business activities is called the

This leadership characteristic involves making decisions carefully

The interest rate banks charge their best business customers is the

If every had an unlimited supply of economic resources, which of the following wouldn't exist?

Most of the money needed to start a new business comes from

Generally, as the price of a product increases,

Who is the largest producer of goods and services in the world?

A group of employees meet every day at lunch to chat about what’s going on in the office

The major influence on the level of interest rates is