here is some help:)

Which of the following are examples of middle-management job titles: (SM:001) (1 point) - District manager, department head, and regional sales manager - Collections supervisor, crew chief, and production supervisor - President, senior vice president, and chief executive officer - Floor supervisor, area supervisor, and section manager

District manager, department head, and regional sales manager

Which of the following is a potential problem in market economies? (EC:007) (1 point) - Production quotas for businesses - Total government control - Financial loss - No competition

Financial loss

What is one way that the trend towards protecting the environment has a negative effect on many businesses? (NF:013) (1 point) Increases costs Decreases prices Promotes growth Reduces pollution

Increases costs

A manager studies the business's previous sales statistics as well as the sales forecast before making purchasing decisions. What type of resource is the manager using? (SM:001) (1 point) - Human - Information - Material - Financial

Information

Which of the following government actions is most likely to stimulate the economy: (EC:008) (1 point) Lowering tax rates Raising the prime interest rate Borrowing more money Printing less money

Lowering tax rates

Which of the following is a marketing activity: (MK:001) (1 point) Committing Balancing Promoting Leading

Promoting

Which of the following is an example of a demographic trend: (NF:015) (1 point) -A concern for fitness and health -Rising interest rates -Shifting political climates -The aging of the population

The aging of the population

Which of the following situations would most likely indicate the need to adapt to changes in the business environment: (EC:107) (1 point) -The business has experienced little employee turnover during the past year. -The demand for your product is stable. -The supply of materials used in manufacturing a product has decreased. -The number of your business's competitors has decreased.

The supply of materials used in manufacturing a product has decreased.

Which one of the following groups of words best describes wants: (EC:001) (1 point) -Unlimited, changing, and competing -Unlimited, unchanging, and compensating -Limited, changing, and compensating -Limited, unchanging, and competing

Unlimited, changing, and competing

One of the benefits of production to consumers is that production (OP:017) (1 point) -provides a way to be competitive. - makes use of automation. -creates form utility. -provides a way to earn profits.

creates form utility.

One way that competition helps to build a prosperous society is by (EC:012) (1 point) - creating government legislation. - creating new jobs. - increasing the money supply. - replacing small businesses with large ones.

creating new jobs.

Wendy's sells the right to operate its restaurants to individuals who meet the company's criteria. The arrangement between Wendy's and these individuals is an example of (BL:003) (1 point) -licensing -franchising -multi-level marketing. -a partnership agreement.

franchising

Producers respond to consumers' positive economic votes by (EC:002) (1 point) -producing more industrial goods -classifying their goods and services -increasing production -decreasing production

increasing production

Government owns the basic means of production but there is some private ownership of businesses under (EC:007) (1 point) -entrepreneurship -communism -socialism -capitalism

socialism

Most businesses put their greatest competitive efforts into competing (EC:012) (1 point) - locally - nationally. - with direct competitors. - with indirect competitors.

with direct competitors.

Over the next few years, members of Generation X and Generation Y are expected to fill many job positions vacated by retiring Baby Boomers. This is an example of a change in (EC:003) (1 point) - workforce demographics. - automated processes. - new capital goods. - nonrenewable resources.

workforce demographics

Which of the following are qualities of monopolies: (EC:012) (1 point) -Low prices and little competition -High prices and much competition -High prices and low production -Low production and much competition

-High prices and low production

How does appropriate information management affect a business's relationship with its customers? (NF:110) (1 point) -Businesses make better financial decisions. -Businesses earn higher profits. -Businesses serve customers more effectively. -Businesses lose focus on customers.

Businesses serve customers more effectively

To maintain its current customer base and attract new markets, the KMV Company lowered the prices of some of its products. What external factor most likely influenced this action? (EC:107) (1 point) -Production line improvements -Comprehensive employee training programs -Changes in consumer spending -Operating cost increases

Changes in consumer spending

The U.S. produces widgets faster and cheaper than Switzerland. In this example, the U.S. has a(n) __________ advantage. (EC:016) (1 point) -comparative -constructive -predictable -absolute

absolute

Private enterprise is based on the idea that everyone is better served when (EC:009) (1 point) - economic resources are controlled by the government. -individuals are free to set their own goals -businesses regularly increase their prices. -government determines where individuals will work.

individuals are free to set their own goals

Gross profit shows business owners the difference between what they've (EC:010) (1 point) -ireceived and billed. -estimated and invoiced. -spent and received. -paid and risked.

spent and received.

Government can prevent unqualified persons from operating a business by : (EC:008) (1 point) -raising their taxes. -closing their bank accounts. -helping their competitors. -refusing to grant them a license.

-refusing to grant them a license.

One reason that businesses use a matrix organizational design is to (EC:103) (1 point) -standardize business tasks. -improve employee productivity. -share human resources. -segment areas of expertise.

-share human resources.

Why should a business practice good ethics? (EC:106) (1 point) - An ethical business makes more money than all its competitors. - An ethical business contributes toward its own success. - The government will fine an unethical business. - An unethical business will go bankrupt.

An ethical business contributes toward its own success.

Lack of economic growth is a major problem for __________ economic systems. (EC:007) (1 point) -traditional -market -communist command -socialist command

traditional

A characteristic of human wants is that they are (EC:002) (1 point) unlimited consistent unchanging limited

unlimited

Accounting is distinct from finance because its main focus is on (FI:354) (1 point) -acquisition of funds. -money management decisions. -administration of assets. -record-keeping activities.

-record-keeping activities.

Which of the following economic resources is responsible for combining the other resources to produce goods and services: (EC:003) (1 point) -Nonrenewable resources -Human resources -Natural resources -Capital goods

-Human resources

How does the finance function relate to company spending? (FI:354) (1 point) -It spends on investment only. -It plans and controls spending. -It produces reports about spending. -It does not relate to spending.

-It plans and controls spending.

Overall, what does marketing allow us to do? (MK:001) (1 point) -Limit our spending -Stop buying online -Live our daily lives -Feel better about shopping

-Live our daily lives

Franco's Bread Shop is introducing a new type of sandwich bread to the community this week. Which of the following describes the business activity the bread shop is likely involved in: (EC:071) (1 point) -Promoting the new bread through advertising -Creating a system for storing new bread recipes -Collecting information on last year's new breads -Planning for the long-term results of introducing new breads

-Promoting the new bread through advertising

Complying with environmental laws is part of which operations activity? on (OP:189) (1 point) -Safety and security -Purchasing -Inventory control -Logistics

-Safety and security

A business is planning a sale and needs to know what sales were for a particular weekend in the previous year. Which of the following accounting records would provide this information: (FI:085) (1 point) -Income statement -Sales journal -Bank statement -Disbursement journal

-Sales journal

Which of the following factors has aided the most in creating a global business environment: (EC:104) (1 point) -Government -Cultural changes -Exchange rates -Technology

-Technology

Human resources management is demonstrated in which of the following statements: (EC:071) (1 point) -The business acts on new information about a competitor. -The business includes top-level managers in long-term planning. -The business takes care of the responsibilities associated with having employees. -The business gives its preferred customers a special discount.

-The business takes care of the responsibilities associated with having employees.

Which of the following examples illustrates how environmental factors are interrelated: (NF:015) (1 point) -Low investor confidence heavily impacts financial planners. -The economy affects banking institutions. -The economy affects what competitors are doing. -New legislation will be written in the future.

-The economy affects what competitors are doing.

What is one reason why the federal government awards patents to businesses that have invented new products or manufacturing processes? (BL:001) (1 point) -To encourage research -To monitor advertising -To restrict monopolies -To protect consumers

-To encourage research

What are the three basic economic questions? (EC:001) (1 point) -When will products be produced; what products will be produced; and how will products be allocated? -When will products be produced; how will products be produced; and how will products be allocated? -Where will products be produced; when will products be produced; and what products will be produced? -What products will be produced; how will products be produced; and how will products be allocated?

-What products will be produced; how will products be produced; and how will products be allocated?

In an overall sense, where does marketing occur? (MK:001) (1 point) -Wherever stores are -Wherever advertisements are -Wherever trucks are -Wherever customers are

-Wherever customers are

One way in which many businesses demonstrate their social responsibility toward employees is by providing them with (EC:070) (1 point) -a stress-free atmosphere. -a safe working environment. -free meals. -regular entertainment.

-a safe working environment.

Managing information regarding copyrights and trademarks helps a company to preserve its (NF:110) (1 point) -identity -correspondence -inventory -customers

-correspondence

A country with a weak currency value tends to (EC:016) (1 point) -gain consumer confidence which limits spending. -rely solely on trade centers to manage the flow of exports. -experience high unemployment rates. -decrease its imports and increase its exports.

-decrease its imports and increase its exports.

A business suddenly moves its operations to a new town, leaving its current employees jobless. Its reason for taking this action, which some consider unethical, might be that the action (EC:106) (1 point) -doesn't hurt anyone. -is not illegal. -benefits the community -is committed by unethical employees.

-is not illegal.

With Rosita's pizza shop, financial analysis is used to (EC:071) (1 point) -obtain funding for supplies. -attract customers. -develop the best recipe. -oversee the baking process.

-obtain funding for supplies.

John, Robert, and Charles were college friends who wanted to start a business. John has creative ability, Robert's expertise is selling, and Charles' expertise is management. However, each has limited capital. The ideal business ownership for these young men is a (BL:003) (1 point) -merger -partnership -corporation -franchise

-partnership

Labor-union negotiations are part of which HR management activity? (HR:410) (1 point) - Compensation and benefits - Employee relations - Staffing - Training and development

Employee relations

Which of the following is an example of nonverbal communication that might have a different meaning to business people in other parts of the world: (EC:045) (1 point) -Preparing an audiovisual presentation -Inviting customers to a social function -Shaking hands when greeting a customer - Writing letters in a foreign language

Shaking hands when greeting a customer

Which change provides the most time utility for a consumer? (EC:004) (1 point) -Shopping for a product in the morning -Staying open for business on the weekend -Arriving at a product trade show early -Asking for early delivery of a product

Staying open for business on the weekend

Why are entrepreneurs important in a private enterprise system? (EC:009) (1 point) -They use resources inefficiently. -They get rid of competition. -They encourage the development of new products. -They are responsible for deceptive advertising

They encourage the development of new products.