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Business ESL Final Exam Review Flashcards | StudBud
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Business ESL Final Exam Review
Business ESL Final Exam Review
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Questions
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Answers
1
Most economies in the world are
mixed
pure
corrupt
free
2
Pepsi is and example of
a good
a market
a resource
a service
3
Plagiarism is a form of
cheating
writing
surviving
saving time
4
This tool measures the health of a nation's economy.
GGP
PGD
DGP
GDP
5
The three major economic systems are socialism, communism, and
democracy
isolationism
economics
capitalism
6
How much people want to buy at a given time is the ________________
demand
supply
7
If there are people whose values and attitudes I identify, it is my
social class
personality
reference group
8
Customer value is
objective
the goal of business
subjective
unimportant
9
Where on campus can you get free help with writing?
The Writing Center
The Writing Commons
The Student Center
CUE
10
Moms who shop at Target want to seem fashionable. This is a ______________characteristic.
quality
intangible
economical
tangible
11
Thousands of people want delicious donuts that are low calorie. This is an example of
supply
a start up
demand
12
In a recession, the economy
contracts
expands
improves
grows
13
Kent State University is a
start up
retailer
non-profit
manufacturer
14
Nike shoe company take a
concentration approach
Niche market approach
multi-segment approach
single market approach
15
True or False: Office hours are only for emergency cases.
false
true
16
If it costs my company more money to make a product than the price people pay for it, it is not
profitable
beneficial
a business
cost effective
17
First-class flyers are
a niche market
a fussy market
a target market
the majority
18
The point where supply and demand meet is the
supply curve
demand curve
target customer
equilibrium price
19
When you are one international student in a class of American students, you are in the
ESL Center
trouble
majority
minority
20
Which of the following is not one of the four P's?
Promotion
Productive
Price
Distribution
21
The number of people who are out of work are the ______________
employed
workers
unemployed
jobs
22
True or False: It is more expensive to get new customers than to keep current customers.
False
True
23
Which answer best describes the relationship between Target and Walmart?
They are cooperative
They are wholesalers
The are competitors
They are financial
24
Economic opportunities and access to education and health care are all part of
capitalism
GDP
standard of living
economic health
25
What do we call those that have a stake in the success and outcomes of a business?
customers
stakeholders
managers
investors
26
If Bic pens is the only company selling pens in the market, it is a ____________
profit
competitor
monopoly
cheater
27
Low customer value means
benefits outweigh cost
cost outweighs benefit