Spring '23 Intro to Bus. Semester Test Review, Part 2

___ is the price at which a share of stock can be bought and sold for today

The growing increase in international trade and the development of technology has led to ___.

Which of the following doesn’t show a customer “active listening”?

Money a person puts into their checking account is called a ___.

Which will help you most when preparing for an interview?

Which is an unwritten guarantee that covers certain aspects of a product and its use?

__: a certificate representing a promise to pay a definite amount of money at a stated interest rate on a specific date

__:the ability of a country or company to produce a particular good more efficiently than others

When dealing with risk, which of these is not a way to handle risk.

Which of these is not a basic task performed by the courts?

How can a business be run informally?

Which are two important reasons for US laws that restrict business practices?

What is a balance of trade?

What is the difference between renter's and homeowner's insurance?

In order to promote trade, countries often ___.

Which of these should not be included on your resumé?

Life insurance, sick leave, and holiday pay are examples of _____.

___ warranties are unwritten guarantees that cover certain aspects of a product or its use

_____ refers to a request for payment from an insurer for damages covered by an insurance policy.

The ___ is the person making the legal complaint in court.

___ is the term associated with the threat of loss with no opportunity for gain.

Which of the following goals meet the requirements of being a SMART goal?

__: the illegal act of charging more than 1 price for the same product or service to different customers

A ___ case involves disputes between private parties or groups over money or property.

What function do courts provide?

___ means taking a company and its employees in a direction based upon a vision.

The person to whom the check is written out to is called the ___.

Warehouse stores carry a large selection items at low prices and in ___ quantities.

If you performed poorly at work, what would be most likely to happen?

Which of these is an example of an uninsurable risk?

The key reason why international trade has increased so rapidly is due to ___.

Costco requires customers to become members to take advantage of benefits. What type of business is this?

The person who writes a check is called the ___.

The most important thing in determining the price of a product or service is ___.

__ means storing money for future use, whereas ___ means using money to earn more money

What class is this?

What is the price an insured person or business pays for insurance protection?

What is a benefit of international trade?

Which term refers to a guarantee from the manufacturer?

What is true of centralized organization?

A ___ refers to a plan that specifies how resources will be spent.

Which of these is not a reason to restrict trade?

___ is the percentage of money earned on savings or investment over a year

Which of these is not a tip you should follow when budgeting?

___: the amount in damages a policyholder must pay before the insurance company pays

___ risk is the risk associated with the potential loss to others

What is something an ideal leader is able to do?

___:an employee's ability to care for customers’ needs, making sure they are satisfied with their purchase.

A ___ case involves wrongdoings such as murder or kidnapping.

___ are moral principles that govern a person's behavior or the conducting of an activity

Opportunity cost refers to ___.

Which of these would not generally be a characteristic of a generic item?

With international trade, it is best for a country to have a ___.

Which type of store sells well-known brand names at bargain prices?

Which is a disadvantage of being a manager?

An express warranty is a warranty that is __.

Why is it important to remain professional when dealing with customers?

___ stock in a corporation gets priority in receiving dividends, but typically doesn’t have voting rights.

Which is an important purpose of a cover letter that accompanies a resumé?

The opposite of trade protectionism would be ___.

What is a wage?

Why is it important to treat customers well?

The bank who is ordered to pay money from one person’s checking account to another is called the ___.

The negative impact of international trade can be ___.

What occurs when there are few or no limits on trade between countries?

Money a person takes out of their checking account is called a ___.

The ___ is the person against whom the legal complaint is filed in court.

___ refers to the decline in value of an asset, such as a house, equipment, or a vehicle, because of use.

Key characteristics of excellent customer service are _____.

Which is not considered compensation?

Which often has a plain label?

A trade barrier utilized by countries may be ___.

In most cases, what determines the goods and services a country decides to export?

Every saver and investor has one of two financial goals. What are those goals?

Because each nation has limited resources, it must weigh its options or ___ when using resources.