X100 Quiz 1

Climate change leading to droughts, food scarcity is an example of:

Barring business, barring travel, freezing assets:

Trade wars can ___ cost of imported goods

I started a new business and have no idea what to price my products at. I should:

Globalization has INCREASED competition

What is the largest source of startup capital for small businesses?

A farmer wants to enter the market selling eggplants. What is the best strategy for him?

the degree of wealth and material comfort available to a person or community is:

The government enforcing lending regulation by limiting the amount of new home loans is an example of:

If a company works towards the elimination of corruption to improve management, they'd be focusing on the:

Manufactures and markets products in home country and other countries

Which of the following are NOT factors of production?

Which of of the following is NOT an example of a internal stakeholder?

Produce and sell only in the home country:

The government decides what is produced and sold. It has a ___ economy.

I want to start a business making homemade sweets. I'm likely entering a ____

A farmer sells wheat to a baker. The wheat is an _____ good.

A real world example of a perfect market is:

An example of a monopoly:

The gov't takes control of some aspects of production, like limiting price gouging. This gov't economy is:

Buy from, and sell to, customers in other countries, but do not engage in manufacturing in non-domestic countries

an example of political factors are:

Business is usually influenced by ____ factors

A new country is planning its government. It doesn't want the government involved in any aspect of production. It's:

When demand increases:

CSR is compromised of all except:

Which of the following is not a characteristic of a small business?

Which small business fact is false?

The gov't has control of all factors of production, including who can make what and how much should be made. It's:

A _____ is a written document that describes the opportunity, goals, and plans for a business

Which of the following is an example of sociocultural factors that affect business?

when supply decreases:

An example of an oligarchy:

Unemployment and inflation effect the price of a product

Ideas developed by ____ can help to propel their companies into positions of market leadership

What type of economy does the US have?

Multinational company with a more centralized mgmt. approach

An example of a monopolistic market is: