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Q 1/39
Score 0
Things that are required in order to live
120
needs
trade-offs
wants
Q 2/39
Score 0
Giving up one thing to have something else
120
scarcity
wants
trade-off
39 questions
Q.
Things that are required in order to live
1
120 sec
Q.
Giving up one thing to have something else
2
120 sec
Q.
Not having enough resources to satisfy every need
3
120 sec
Q.
Raw materials supplied by nature
4
120 sec
Q.
The three (3) basic economic questions
5
120 sec
Q.
Government controls the what, how and for whom
6
120 sec
Q.
The United States is what type of an economy?
7
120 sec
Q.
Things that are intangible and have no physical characteristics
8
120 sec
Q.
An organization that conducts business in several countries
9
120 sec
Q.
A tax that a government that places on certain imported goods
10
120 sec
Q.
A nation's transportation, communication, and utility systems
11
120 sec
Q.
Goods and services bought from another country
12
120 sec
Q.
Stopping the importing and exporting of a certain product or service
13
120 sec
Q.
The difference between a country's total payments to other countries and its total receipts from another country
14
120 sec
Q.
One who has no explicit and implicit contract for long-term employment
15
120 sec
Q.
A written legal document that defines ownership and operating procedures and conditions for a business
16
120 sec
Q.
A business owned and controlled by two or more people
17
120 sec
Q.
A separate legal entity formed by documents filed with a state
18
120 sec
Q.
_____________ refers to the duty of a business to contribute to the well-being of a community
19
120 sec
Q.
A _____________________ is a set of rules for guiding the actions of employees or members of an organization
20
120 sec
Q.
Which is not a role of the Government?
21
120 sec
Q.
____________ business dealings involving companies in more than one state.
22
120 sec
Q.
Intrastate commerce refers to business dealings involving companies that do business in multiple states.
23
120 sec
Q.
A ____________ gives the inventor the sole right to make, use, or sell the item for 20 years.
24
120 sec
Q.
A ____________ is a word, letter, or symbol lined with a specific company or product.
25
120 sec
Q.
The total value of all goods and services produced in a country during one year.
26
120 sec
Q.
The unemployment rate is the portion of people in the labor force who are not working.
27
120 sec
Q.
_______________ is a period in which most people who want to work are working, businesses produce goods and services in record numbers, wages are good, and the rate of GDP growth increases.
28
120 sec
Q.
________________ is a phase marked by prolonged period of high unemployment, weak consumer sales, and business failures.
29
120 sec
Q.
A _______________ represents debt for an organization
30
120 sec
Q.
A government spending less than it takes in.
31
120 sec
Q.
Geographic, economic, cultural, and political and legal factors are a part of a countries international business environment.
32
120 sec
Q.
Someone who takes a risk in starting a business to earn a profit.
33
120 sec
Q.
An improvement is an invention or creation that is brand new.
34
120 sec
Q.
A written description of the business idea and how it will be carried out, including all major business activities
35
120 sec
Q.
A manager should use tactical management when you have temporary employees, work under tight pressures, and employees not to be involved in decision-making.
36
120 sec
Q.
Which one of the following is not one of the five functions of management?
37
120 sec
Q.
Which level of management spends most of its time completing planning and controlling activities?
