BBB Exam Review

The government controls all elements of the economy, including prices, wages, and production...

Bringing in products & services to satisfy the needs & wants of consumers is called __________.

Which of the following is not a part of Hofstede’s Theory of National Culture?

Pizza Hut and Swiss Chalet are classified as:

Money that is leftover from your salary and wages after bills are paid.

The beliefs, values & religion, of a people who have lived in a region for generations.

Suggests that the more products you make the cheaper your costs will be...

Which of the following is NOT apart of the business cycle?

Describes a situation where a code of behavior is imposed on another community or society.

Which of the following is NOT apart of the product life cycle?

The movement of goods, services, technology, investment and people throughout the world.

Taxes put on imported products or services...

Two or more states sharing the same currency...

Which of the following gives permission to a company to use a product/service for a fee?

a barrier preventing marginalized people from getting into upper management.

Refers to individual comfort levels with personal space and physical contact.

Official document that indicates that the transportation company accepts the goods for shipment

Refers to a unproductive person lacking in maturity and motivation.

When a country shields local industries from foreign competition, through trade barriers...

Something of value that must be given up to acquire or achieve something else.

The shielding of domestic industries against foreign competition by taxing imports.

The WTO stands for _______________________.

The acquisition, transportation, & storage of goods from point of origin to the point of usage.

The ability of one country to use its resources to make a product more efficiently than another.

Which of the following is not considered to be a stage in the product life cycle?

A certificate given to a traveler allowing them to travel to a country for a set time period.

When companies expand by acquiring competitors.

A state governed by a single individual or a small group of people with unlimited power.

The degree to which people participate in certain behaviors to stay in comfortable situations.

A group trying to persuade government officials to endorse public policy favourable to them.