During an expansion phase of the business cycle, businesses will tend to:

Businesspeople from one country need to be aware of the cultural differences of businesspeople from other parts of the world to avoid:

What tends to occur when a country is experiencing political instability?

What effect does the underground economy have on GDP?

What often happens to businesses when interest rates rise?

The tax that businesses pay on the profits they earn is an example of _____________ tax.

Tom needs Allison to provide a status report so he can review inventory levels. After Tom has reviewed the inventory report, he must tell Kayla which items the business needs so she can contact the appropriate vendors to order stock. To achieve the business’s goal of maintaining adequate inventory levels, each employee must perform his/her tasks in a/an ______________ order.

Nations that have an unequal distribution of economic factors rely on each other for:

When consumers purchase gasoline, telephone services, and tobacco products, they must often pay a/an _________ tax.

Which is a factor that measures the condition of a country’s economy?

What is one reason why the overall unemployment rate understates the actual employment situation?

Which activity should be an employee’s top priority?

The owner of a business has asked the manager to open another branch of the business. What phase of the business cycle would be most likely to benefit this new branch?

Increased consumer spending indicates that the economy is stable and growing because increased spending leads to an increase in:

Which situations represents an absolute advantage for Country A?

The attitude, “There is always another day”, is best described as:

An effective way to prioritize work is to categorize tasks in:

Who is most likely to report directly to a corporation’s chief executive officer(CEO)?

According to the law of diminishing returns, continuing to hire additional employees will eventually cause the workers’ individual production level to:

What often happens when a nation has a high unemployment rate?

Before Bob can pay the business’s bills, he checks with Ingrid to verify that accounts receivable are coming in and that there is enough cash in the business’s checking account to cover the expenses. This is an example of coworkers who are:

What is one of the main reasons why governments levy taxes?

If interest rates go down, which would most likely occur?

Sally is a production line worker who is experiencing problems with the production equipment. Following the appropriate chain of command, Sally should report the problem to:

Businesses follow the law of diminishing returns in order to combine the right amount of variable resources to achieve production levels that:

Melanie’s supervisor made changes in some of Melanie’s tasks so that she could finish them more easily. The technique the supervisor used is:

Why do some governments set very high taxes on certain products?

How does double counting affect the gross domestic product?

Unemployment hurts the economy because unemployed people are unable to contribute to the:

Your chances of finding and maintaining a job are greatest during the business cycle phase known as:

A time management principle that one might consider applying when working on a major project is:

What usually decreases as the rate of inflation increases?

Which is an example of a cultural and social characteristic that would have an impact on businesses that trade with certain foreign countries?

In the calculation of GDP, which component is subtracted?

A business employee is assigned to handle all incoming phone orders. This specific assignment is considered to be specialization by:

The overall objective of workers who form labor unions is to:

An economy with a high unemployment level tends to have:

Which are methods that countries use to control their trade with other nations?

The prices of goods and services remaining fairly steady is an indication that the economy is:

What situation often exists when the economy is in a downturn, and many people are unemployed and can not buy more than the basic necessities?

In a floating exchange rate system, currency values are determined by:

Which can be taxed twice?

When consumer spending and consumption decrease, consumer confidence tends to:

Members of Local Union 999 refuse to buy products that are made by their company, Chip Rite. This is an example of:

When interest rates continue to increase to a high level, the economy might experience a/an:

How long do most business cycles last?