Business chapters 1 -4
the largest free marketplace in the world is which of the following
European Union (EU)
each of the following is one component of the external environment EXCEPT which one
Government tax environment
which of the following is the term that reflects the relationship between government and business
Political-legal environment
each of the following is an example of the US government direct regulations EXCEPT which one
US tax codes
which of the following is the defining factor for a company's decision to strictly follow the consumer bill of rights
a belief that a high level of customer satisfaction is good business
Profits are an indicator of which of the following
a business's success
the basic characteristics of an entrepreneur usually include which of the following
a desire to be their own boss
which of the following best describes an entreprenuer
a person who embraces risks and opportunities
which of the following best describes small business
a small business is independent and has relatively little influence in its market
which of the following best describes small business
a small business is independent and relatively little influence in its market
each of the following is true of a sole proprietorship EXCEPT which one
a sole proprietorship organization is complicated and costly
each of the following is one reason why businesses succeed, EXCEPT for which one
abundance of capital
when determining how to organize a small service business, which of the following factors should be considered
advantages and disadvantages of each form of organization
which of the following best describes what is meant by ambiguous laws
ambiguous laws can often be interpreted in different ways
which of the following would be the best entry strategy for an olive oil producer wanting to expand to the global market
become an exporter
Each of the following is a benefit of business Except which one
business improves the quality of education
which of the following does a global marketplace present
business opportunities
which of the following is a factor of production
capital
each of the following is one of the organizational stakeholders for social responsibility, EXCEPT which one
competitors
each of the following is a viable method of starting a small business, with the EXCEPTION of which one
confiscation
each of the following is an example of government intervention to ensure social responsibility to consumers, EXCEPT for which one
consumerism
which of the following is a consideration a small business owner should make before making a commitment to social responsibilty
costs of a social agenda
if a young woman is considering opening her own business, which of the following is most important before she proceeds with her plan
determine if there is a market for her product or service
which of the following is the most significant disadvantage of incorporation
double taxation
which of the following is a key consideration in determining whether a country can achieve a comparative advantage
efficient quality products
which of the following is a government order forbidding exportation and/or importation of a particular product-or even all products- from a specific country
embargo
which of the following represents one of the existing trends for small business start ups
emergence of e-commerce
if the Gross Domestic Product (GDP) in the United States increases, which of the following will probably result
employment levels will increase
each of the following is an entrepreneur's viewpoint on risk, EXCEPT for which one
entrepreneurs focus on possibilities for failure and balk at gambling everything on a new venture
when a company adopts a voluntary recycling program, it focuses on what area of social responsibility
environment
which of the following is true about ethical behavior
ethical behavior is behavior that conforms to what's right and wrong
which of the following would be the best option for obtaining financing for a new business
family and friends
each of the following is a factor of production in the United States, EXCEPT which on
federal corporate tax structure
each of the following is a potential source for small business funding, EXCEPT for which one
federal government subsidy loans
when planning to start a new business, which of the following is one of the first things that should be done
find investors
if rice farmers in Japan feel threatened by the low prices of imported American rice, which of the following should the Japanese government do first
fully analyze the intended and unintended consequences of government intervention on behalf of the rice farmers
prior to making any decisions regarding ethical issues, a manager should first do which of the following
gather all the facts
which of the following would be one of the first considerations before expansion into the global marketplace
gauging international demand for your product
each of the following is TRUE about globalization
globalization has led to a high degree of interdependence
The main purpose of business is to provide
goods and services
each of the following is an element of private enterprises, EXCEPT which one
government regulations
each of the following is a reason for small business failure, EXCEPT for which one
hard work and determination
if a company isn't sure how to handle situations that involve ethics, which of the following should it consider
have a formal code of ethics
each of the following is a contribution by small business, EXCEPT which one
increased union membership
each of the following is a dimension along which people seem to differ across cultures, expect for which one
language
decisions about what to buy and what to sell in the United States are determined primarily by which of the following
laws of supply and demand
each of the following is a reason that China has emerged as a major global market EXCEPT which one
low per capita income
before embarking on a new business venture, which of the following is most important
make sure there is a demand for the product
a company's ethical standards must be reinforced by which of the following
management behavior
each of the following is a condition of national competitive advantage EXCEPT which one
management motivation
each of the following is a popular area for small business concentration, EXCEPT which one
manufacturing
which of the following is true of business practice laws
many business entering new markets encounter problems in complying with stringent regulations and bureaucratic obstacles
which of the following terms refers to two companies to form a new company
merger
which of the following defines the US economic system
mixed market economy
which of the following explains why businesses in Saudi Arabia do not change interest fees
most people in Saudi Arabia practice the religion of Islam
which of the following is the term used to identify the theoretical model explaining why countries engage in international trade
national competitive advantage
companies that choose to enter the global marketplace should have a clear understanding of each of the following EXCEPT which one
national language
the few organizations that do as little as possible to solve social or environmental problems have little regard for either conduct and go to great lengths to deny or cover up wrongdoing and are taking which of the following approaches
obstructionist stance
which of the following is true about cultural impact on international business
people in the united states are uncertainty accepting
each of the following is a category of managerial ethics, EXCEPT which one
personal behavior
which of the following economic systems has the greatest government control
planned economy
which of the following is the determining factor of a country's economic system
political leaders
each of the following is a type of corporation EXCEPT for which one
privately held
the Mcdonald's corporation Ronald Mcdonald house is an example of which of the following approaches to social responsibility
proactive stance
if a company believes the business sector is saturated with competitors, which of the following should it consider
product differentiation
if a business wants to maintain growth in a maturing industry, which of the following should be considered
product diversification
each of the following is true of protectionism, EXCEPT for which one
protectionism is an essential part of free market enterprise
which of the following is one factor that affects the balance of imports and exports between two countries
rate of exchange
each of the following is a determining factor for a personal code of ethics EXCEPT which one
reading a good text on ethics
which of the following is one of the key distinctive competencies of small business
recognizing niche products and niche markets
each of the following is one of today's environmental issues, EXCEPT which one
recycling
which of the following was the major contributor to the narrowing of the trade gap in the US between 2009 and 2010
reduced oil imports
each of the following is an example of a goal of the entrepreneur, EXCEPT which one
reduced workload
each of the following is an approach to social responsibility, EXCEPT for which one
refusal stance
in a pure monopoly, price of a product is determined by which of the following
regulatory body
in a free market economy, the government can influence business behavior by which of the following
regulatory laws
In which of the following ways does a service provider differ from a goods producer
services are produced and consumed simultaneously
which of the following is the main reason most small businesses are in the service sector
services require fewer resources
which of the following is a concept that addresses the overall way in which a business attempts to balance its commitments to relevant groups and individuals in its social environment
social responsibility
which of the following is true about a company's social responsibility
social responsibility is voluntary and not mandated
each of the following is a threat to economic stability, EXCEPT which one
stabilization policies
which of the following refers to the total quantity and quality of goods and services that can be purchased with the currency used in a country's economic system
standard of living
each of the following is a level of international involvement EXCEPT which one
strategic alliance
as gasoline prices increase, which of the following will happen
supply will increase
using renewable resources and managing limited resources responsibility and efficiently in pursuit of a green policy is known by which of the following terms
sustainability
when defining its sense of social responsibility, a firm typically addresses each of the following areas of concern, EXCEPT which one
tax advantages
each of the following is an example of business influencing government, EXCEPT which one
tax incentives
international travel, communications and commerce have been made faster and less costly due to which of the following
technologies
each of the following builds and sustains globalization EXCEPT for which one
the business is failing at home
which of the following best defines globalization
the process of creating an interdependent world economy
which of the following is the best definition of entrepeneurship
the process of seeking business opportunities under conditions of risk
which of the following best defines the term "economic system"
the system for allocating resources
which of the following best describes the entrepreneur of today
today's entrepreneur is seen more often as an open-minded leader who relies on networks, business plans, and consensus
each of the following is an economic indicator EXCEPT for which one
unemployment rate
each of the following is a basic question that should be answered by a business plan EXCEPT which one
use sustainability
which of the following describes a conflict of interest
when an activity may benefit an individual to the detriment of the organization
what is the common term used to describe an employee who discovers and tries to put an end to a company's unethical, illegal, or socially irresponsible actions by publicizing them
whistleblower
a large market for U.S. shrimp exporter imposed a tariff on imported shrimp from the United States. Which of the following should the exporter do
work with the Department of Commerce and members of Congress
which of the following is the cultural reason why most employee incentives in the United States are based on individual performance
Americans are individualistic
If the cost of materials increases, which of the following should the business consider as a result
Analyze all costs and determine whether there is a way to reduce other production costs to offset the increase in materials