Unit 3 Entrepreneurship

Which of the following might vary in on online purchase depending on where the purchaser lives?

Which of the following is an example of tort?

What makes a contract different from an agreement?

Due process includes all of the following except...

Why is it important to consider cultural differences when engaging in global business?

Why would a business choose to buy supplies from another country?

Although online shopping accounts for 8 percent of retail sales, it is still a significant share of the market.

If businesses follow regulations, financial disasters are far less likely.

When a business collapses, only those who work directly for the business are impacted.

Intellectual property law deals with

There are different standards for due process in civil and criminal cases.

All the following are a potential consequence of not paying debts on time EXCEPT

If an individual or business breaks a contract, it automatically goes to court.

If a business goes bankrupt, it automatically closes.

Which of the following is an example of an agency relationship?

If a country has a rising middle class, what does the social change mean for business?

If an employee is fired unfairly, his or her case would fall into which of the following categories of law?

Which would be a violation of marketing and advertisement law?

What are the potential consequences if a business does not follow regulations?

Which of the following correctly describes the free-enterprise system in the United States?

Taking an existing business global has many of the same challenges as starting a new business.

If the value of a country’s currency is low, it will lead to economic decline in all areas.

Most state, federal, and local regulations apply only to large corporations.

What is the difference between an emerging market and an established market?

Which of the following is an example of a problem with logistics?

Why is it important for businesses to consider currency exchange rates?

The relationship between a franchiser and a franchisee is an example of an agency relationship.

A person who is entitled to Social Security benefits but was not receiving them would take their case to