Example of finding alternative resources in place of nonrenewable sources?

Powering a motor vehicle with a battery versus gasoline

Entrepreneurs help the economy in private enterprise systems by

encourage innovation=new products

What does a manufacturer do?

turns raw goods into useful products

What are the advantages of an LLP to a physicians' practice?

Protection from malpractice of another partner

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HSB Principles of Business Objective test 1 review

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Questions 13

Answers

1
Utility is ultimately
delivery
coupons
cost-savings
satisfaction
2
Example of finding alternative resources in place of nonrenewable sources?
Powering a motor vehicle with a battery versus gasoline
Protecting lions by creating anti-big game hunting laws
generating energy from turbines vs. solar panels
Searching for oil on mountaintop
3
Entrepreneurs help the economy in private enterprise systems by
deceiving consumers
discourage competition
encourage innovation=new products
wasting resources
4
What does a manufacturer do?
sells raw goods
stores raw materials
uses finished products
turns raw goods into useful products
5
What helps most for a consumer's time utility
by delivering a product on time
by closing early
By coming to work early
by staying open after 5
6
If I purchased a new Fiat for driving myself around, in economic terms, this is classified as a(n)________good
ultimate
consumer
industrial
capital
7
An example of a Traditional economy would be
production is limited to their community
same things are produced that were produced by ancestors
Methods used for production are same as ancestors
all of the answers listed
8
What is the goal of economic activity?
manufacturing
consumption
selling
wholesaling
9
For Market Economies, the following is an example of how they decide what to be produced.
consumers decide
government decides
producers decide
the president decides
10
Baby Boomers are retiring and new workers are entering the workplace. What is this an example of?
workforce demographics
Change in human goods
change in capital goods
computer demographics
11
Who do retailers sell their products to?
manufacturers
wholesalers
other retailers
ultimate consumer
12
What are the advantages of an LLP to a physicians' practice?
unlimited liability
Enjoy stock dividends
trademark copyright of the business
Protection from malpractice of another partner
13
The St. Louis Cardinals Baseball team has one company who sells their apparel. This is an example of
corporation
licensing agreement
joint venture
product trade-name contract

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