Intro to bus

What resource tells the managers of a business how effectively the other three resources are being combined and used?

____________ resources include the funds needed to pay wages, purchase raw materials, and operate a business

In a communist country such as Cuba, emphasis is placed on producing what type of goods?

In Adam Smith's view, which of the following is not the role of government in business?

Examples of command economies include?

A natural resource, as recognized by economists, would include which of the following?

Andrew Cooper decides to become a part owner of a corporation. As a part owner, he expects to receive a profit as payment because he has assumed the risk of?

Bowflex, Inc., which manufactures total strength training systems for home use, obtained a patent on its power rods. Bowflex has a(n) _____________ for this product.?

The economic term used to describe the government's influence on savings and changing the levels of government spending is?

Randall Newman distributes rawhide to several different homes. In turn, each household produces a product such as satchels, belts, shoes, and boots, and then Randall sells the finished goods. This represents a(n)?

Although all casual clothing ultimately provides the same purpose, companies such as The Gap strive to make their brand seem unique from the many other brands available on the market. The market for casual clothing can best be characterized as?

Mondie Weller decides to start a residential landscaping business. How would this business most likely be classified?

When the U.S. government spends more than it receives within a fiscal year, this is called the?

Which of the following is not a characteristic of an oligopoly?

All of the following are characteristics of communist countries such as Cuba except?

All of the following would typically be considered consumer products except a?

A system where the basic economic questions are determined, at least to some degree, through centralized government planning is referred to as a economy.

______________________ is the study of how wealth is created and distributed?

In the mid-1970s, American auto manufacturers produced big gas-guzzling cars and tried to sell them to consumers who needed fuel-efficient transportation. This happened because manufacturers?

Diane is passionate about soccer and decides to open her own soccer sporting goods store. She invests her money, time, and effort into making the store a success. Diane can be best described as a(n)?

A local retailer calls its customers when it receives merchandise that they may be interested in, provides individual service to each customer, provides forms and phone numbers for complaints and comments, and has a 100 percent satisfaction guarantee. Which objective is this business working hard to accomplish?

When consumers spend their money to purchase Apple iPhones or computers with an Intel processor, or when they discontinue buying such items as compact discs, they are telling resource owners?

Texas Instruments expects its code of ethics and shared values to provide all of the following benefits except?

If Casio were to buy out all other calculator manufacturers, what consumer right would be at stake?

Dell's global outreach programs that help bring technology to underserved communities in various parts of the world is an example of?

Social responsibility is?

The statement "Warning: The Surgeon General Has Determined That Cigarette Smoking Is Dangerous to Your Health" supports the?

MasterCard sends a customer a memo that discloses the true cost of borrowing with each billing statement. It does this because it realizes that the?

What is probably the most effective way for a company to encourage ethical behavior?

"We are busy producing and marketing profitable products for society to enjoy! Now you want us to provide legal services, day-care centers, and counseling for AIDS victims and alcohol and drug abusers. If we do all these things, what role will the government, church, and family play?" exclaimed the vice president of Milam Corporation. This manager's comments reveal what concept?

A whistle-blower is a person who?

The ________________ factor affecting ethical behavior includes one's moral values and central attitudes.?

Which of the following is an argument for increased social responsibilities?

Which of the following examples least represents the definition of social responsibility?

When DVD players were first introduced, the price was very high, thereby preventing the average consumer from purchasing one. Today, however, as a result of increased competition in the market, most consumers can afford one because they are significantly cheaper. By reducing the price of these products and ensuring a large number of product offerings, competition has promoted consumers' right to?

Rose Martinez walked into her office and found a large, extravagant bouquet on her desk. Before she had time to read the card, her secretary said it was from Mr. Tanner at Zero Corporation. The secretary knew Mr. Tanner was trying to negotiate a sales deal with the company. Thus, she remarked that the beautiful flowers should help Ms. Martinez make her decision. Although Ms. Martinez did not know how to respond to Mr. Tanner's gift, she thought an answer might be in her company's?

In 2001, Susan Scholz was fired from her sales clerk's job at the Walgreens store in North Mall after refusing to work on Sundays. The Christian Reformed Church, of which she was a member, prohibited working on Sunday. Therefore, she did not go to work on those days even though she was scheduled to do so. Ms. Scholz filed a lawsuit against the company because she felt her rights had been violated. Which rights were violated?

Roger, a bank manager, holds the economic model of social responsibility view. What is he most likely to say about the connection between taxes and social responsibility?

______________ is the exportation of large quantities of a product at a price lower than that of the same product in the home market.?

An import duty has the effect of all of the following except?

The United States bans Cuban cigars and other Cuban products from entering the United States due to political difficulties. This action is called a(n)?

An unfavorable balance of trade occurs when?

Because it controls the world's diamond deposits, the DeBeers Consolidated Mines, Ltd., has a(n)?

Nordstrom sells designer suits made in Italy in its stores in the United States. Nordstrom is __________________ suits.?

If the United States exports $100 worth of diamonds to the Kingdom of Mocha and imports $80 worth of bows and arrows, it has a(n)?

Which of the following scenarios would not be considered international business?

The land of Narnack has very infertile soil but a large supply of oil. What action should Narnack take? Narnack should?

The United States sells industrial supplies and materials to many nations around the world. The United States thus engages in?

Purchasing products or materials in other nations and bringing them into one's own country is?

Any measure imposed by a government to favor domestic products over foreign products not involving taxes is a(n)?