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5.02,5.03 Flashcards | StudBud
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5.02,5.03
5.02,5.03
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1
5.02 Which economic system mixes the values of communism and allows the people to vote.
Social Democratic
Marxism
Social liberalism
Pure socialist
2
5.03 Which of the following is an example of ethical business behavior?
Disclosing partial information about products
Testing products to ensure that are not safe for to use
Using advertisements to help confuse customers
Never accepting a bribe from a prominent customer
3
5.02Which of the following factors has aided the most in creating a global business environment
Technology
Computers
Software advances
Government
4
5.03 Which situation would most likely lead to changes in the business environment?
The supply of materials used in a product has decreased.
null
The demand for your product is stable
The number of your business's competitors has decreased.
5
5.02 Which factor does
NOT
affect a business’s profit
Inflation Rate
The amount of money that the workers want is a wage.
The temperature
Cost of resources
6
5.03 What does a business need to accomplish?
Market/sell those goods and services
Produce/provide goods and services
Store/retrieve information effectively
Obtain necessary resources
7
5.02 What is one way to Transfer Risks
Avoiding Risks all together
Indirect Competition
Workers’ Compensation
Emergency planning
8
5.02 For a business, income remaining after payment of expenses is:
assets
profit
net gain
capital
9
5.02 The Capital of the Democratic Peoples Republic of Korea is:
Pyongyang
Seoul
Busan
Daegu
10
5.03 Which of the following is an example of unethical business behavior?
Targeting and tricking minority groups
Identifying minority target markets
Not Misleading customers
Persuading others
11
5.02 Why is the capitalist system failing?
Capitalism encourages greed
Capitalism is a system of exploitation and outsourcing
It is not failing!
The top 1% is higher than the other 99%
12
5.03 Why would a company decide to offer its products in other countries?
To expand to new, untapped markets
To sell obsolete, outdated products
To subsidize developing countries
To provide jobs to people in other countries (outsourcing)
13
5.03 Which of the following is an economic factor that affects the business environment
leprechaun's stealing money
Government
Technology
Antarctica
14
5.02 What is the Profit Motive
The money received by resource owners
desire to make a profit
Monetary reward a business owner
The amount of money a business pays for the products it sell
15
5.02 Which of the following is an example of a speculative business risk?
A supplier's shipment is lost in transit.
A new store fails to bring in profit
A cashier gives unauthorized discounts to friends.
A customer is injured at a business and sues the company.
16
5.02 Which of the following represents a natural risk for the owner of a delivery service?
Super Refraction
Atmospheric Blocking
Solar Tsunami
A Gustnado
17
5.03 Which of the following does not provides the most options for consumers?
Global competition
Monopoly
Command economy
International sanctions
18
5.03 Which of the following is not a Primary business activity
Marketing
Human Rights Activist
Financial analysis
Human resources management
19
5.03 Businesses that successfully adapt to current market situations often realize that:
cutting costs is important
diversification is the key
change is an opportunity
change is not an opportunity
20
5.03 What is outsourcing?
employing cheaper labor.
Selling products on in a command economy
A type of solar flare
obtain (goods or service) from an outside or foreign source
