Duplicate of POBF Unit 5 Test Review

When prices increase, producers usually:

Businesses that successfully adapt to current market situations often realize that:

Which situations would cause prices to rise?

Which occurs when the supply of individuals who are able and willing to work diminishes?

If a business is not concerned about social responsibility, it is likely to:

Which represents a natural risk for the owner of a delivery service?

Which change provides the most time utility for a consumer?

A U.S. company would decide to offer its products in other countries as a reason to:

Which is a factor that affects the business environment?

Which is an example of an economic service?

Which is an example of an economic factor that affects the business environment?

Business ethics involve considering issues about what is:

The desire for which item(s) would be considered a noneconomic want?

Which is a problem associated with communist command economies?

The two main divisions of the trade industry are:

Which affects the business environment because it provides the most options for consumers?

One factor that might limit the human resources available for certain jobs is a/an:

Which is an example of ethical business behavior?

Which is an external factor that affects market price?

Equilibrium price of a good or service is determined by trial and error and exists when:

A major characteristic of a market economy is which type of ownership of property?

A killing frost destroys 80% of Florida's citrus crop. This will most likely create:

For a business, income remaining after payment of expenses is:

Which is an example of a speculative business risk?

In private enterprise economic system, the interaction of supply and demand determines:

Which group of words best describes wants?

A local dry cleaner that also launders and presses shirts is selling:

In business terms, what is profit?

Who decides how goods and services will be marketed in a private enterprise economic system?

The usefulness of a product to consumers is referred to as product:

Which is a natural resource that can be renewed through people's efforts?

A business selects goods or services to sell. Which type of risk is this business using?

Which factor has aided the most in creating a global business environment?

The basic role of the United States government is to:

Which is a reason that natural resources are considered limited?