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Homework answers / question archive / Review Test Submission: Module 1 Exam Miami Dade College (Miami Dade College, Miami, MDC) Course GEB1011-2187-10427 Test Module 1 Exam Started 11/14/18 10:12 PM Submitted 11/14/18 11:52 PM Due Date 11/14/18 11:59 PM Question1)A business provides goods and services in exchange for sales revenues
Review Test Submission: Module 1 Exam
Miami Dade College (Miami Dade College, Miami, MDC)
Course |
GEB1011-2187-10427 |
Test |
Module 1 Exam |
Started |
11/14/18 10:12 PM |
Submitted |
11/14/18 11:52 PM |
Due Date |
11/14/18 11:59 PM |
Question1)A business provides goods and services in exchange for sales revenues.
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Economists define a recession as two or more consecutive three-month periods of decline in a country's gross domestic product. |
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Sony is most correctly classified as a marketing intermediary type of business. |
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In a limited partnership, a limited partner's name must be included in the partnership's name. |
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The corporation, partnership, and sole proprietorship are the three most common forms of business ownership in the United States. |
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Surplus funds of a not-for-profit organization are distributed to members of the board of directors. |
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In a franchise, the franchisee gets the opportunity to start a business with limited capital and to make use of the business experience of others. |
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SCORE is a group of retired businesspeople who volunteer their services to small businesses through the SBA. |
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A new business is built around the entrepreneur. |
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Before Troy can incorporate his advertising business in Champaign, Illinois, he must have a(n) ____ approved by the ____. |
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Quarrels among business associates have become common. The associates quarrel over what products the firm should sell, division of authority, selection of personnel, whether to bring family members into the business, whether to expand, and who is contributing most to the firm's success. Such feuding, which damages business relationships, occurs most frequently in what form of business? |
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A partnership formed to operate for a specific time period or to accomplish a specific purpose is known as a |
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A ____ is a form that enables stockholders to allow someone else to vote for them. |
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Lisa and John own a partnership that provides rental equipment for parties and special occasions. Which of the following is true about the way Lisa and John would handle company profits? |
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Prudential and several other large insurance companies have joined together to underwrite an extremely large insurance policy. This sort of association is referred to as a(n) |
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Brian wants to start a business that provides canoe and kayak trips. He decides that it would be better to ask his brother Brad to become his partner because |
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____ is an internationally supported bank that provides loans to developing countries to help them grow. |
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The payments portion of the balance of payments--that is, payments made by the United States--does not include |
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A medium-sized hardware manufacturer wants to become deeply involved in exporting, but it does not yet wish to actually manufacture any of its products overseas. The company wants to maintain control over its sales while gaining experience in foreign markets. Which option would be best for this company? |
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XYZ Company wants to explore commercial opportunities in India and needs to consult with a country expert. XYZ Company should consider seeking assistance from the |
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When a coffee chain in Portland, Oregon purchases coffee from Colombia, South America, it |
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When was GATT first established? |
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All of the following are reasons against having trade restrictions except |
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Steven Jobs and David Wozniak, the founders of Apple Computer, Inc., are creative, free-spirited individuals who decided that being corporate underlings was not what they wanted from a career. They had an innovative idea for a product and desired to create their own business based on this idea. All of the following are factors that could have led them to go into business except |
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What is a common mistake that small-business owners make when their businesses begin growing? |
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Which of the following organizations aids small businesses with selling overseas? |
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Which form of franchising is the most common today? |
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All of the following are advantages that small businesses have except |
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Ronald is the director of a university-based group that provides individual counseling, specialized training, and research data to owners of small businesses. Ronald's group is called a |
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Personal Wellness
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Those who "blow whistles" sometimes lose their jobs. |
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A firm's social responsibility program will be ineffective if it has less than the total commitment of the company's top business officials. |
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Improved water quality is not only necessary, it is attainable at no cost. |
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According to economists, natural resources, labor, capital, and entrepreneurship are called |
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Home Inspirations
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Which of the following is not one of the four states included in a typical business cycle? |
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If all leading corporations in the soft-drink industry merged, this would |
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____ is a necessary and extremely important by-product of capitalism. |
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When Toyota experienced declining sales as a result of quality and safety issues, it began offering buyer incentives to new-car buyers. Nearly immediately, Ford and General Motors began similar promotions. These businesses |
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For the U.S. government to provide services, it collects revenue from |
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Purchasing raw materials or products in other nations and bringing them into one's own country is known as importing. |
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Trading companies do not take title to products. |
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The total flow of money into a country minus the total flow of money out of the country over some period of time is called the nation's balance of trade. |
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Brant promised to repair Carolyn's car on Thursday. After picking up the necessary part at a junkyard, he discovered he could not do the job after all and that the junkyard would not buy back the part. Carolyn does not know about these developments. However, she thinks Brant will be finished with her car sometime today. What should Brant do? |
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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 |
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You have been asked to complete this year's social responsibility report for the insurance industry. Which of the following statements would you include as a valid indication of socially responsible activities in this industry? |
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Elizabeth believes her company has discriminated against her because her minority coworkers, who are less qualified, have been promoted ahead of her. Which agency should Elizabeth contact? |
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? Harold, president of a national stationery store, believes that the business has a responsibility not only to stockholders but also to customers, employees, suppliers, and the general public. Harold subscribes to the ____________ of social responsibility. |
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Bill Phillips dropped out of high school the day he turned sixteen. Over the next seven years he had brief employment at McDonald's and a lawn mowing business. Bill could be classified as |
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Over the past several decades, concern for the environment has |
Wednesday, November 14, 2018 11:52:42 PM EST
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