principles of business

Jeremiah purchases sterling silver necklaces and bracelets form Native American artisans and sells the items to jewelry stores and gift shops. what kind of buyer is Jeremiah (OP:015)

Wholesale

One way in which many businesses demonstrate their social responsibility toward employees is by providing them with

a safe working environment.

In economics, the term capital goods includes (EC:001)

buildings and equipment

Levels of inflation and unemployment are factors that affect __________ in the world market. (EC:016)

competition

A country with a weak currency value tends to (EC:016)

decrease its imports and increase its exports.

One way that technological innovation has changed business is by decreasing the use of (NF:003

paper forms

Alex owns a guitar, several books, a car, and a telescope. Alex's possessions are examples of (EC:009)

private property

Which of the following is a marketing activity: (MK:001)

promoting

According to the marketing concept, which option demonstrates customer orientation? (MK:001)

researching a firm's competitor's

Each purchase strengthens the economy by encouraging (EC:010)

trade

Lack of economic growth is a major problem for __________ economic systems. (EC:007)

traditional

Contractual agreements such as guarantees, surety bonds, and leases are examples of handling business risks through (EC:011)

transfer

What management function is being described in the following situation: David Thomas, a top-level manager, identifies jobs to be performed, assigns responsibility for them, establishes departments to handle the jobs, and determines how many and which employees mid-level managers will supervise. (SM:001)

Organizing

Which of the following is a reason that the role of human-resources management is changing: (HR:410)

There is greater diversity in the workforce

A clothing manufacturer checks one pair of pants out of every shipment to ensure the quality of its product. This process is known as quality on (OP:189)

inspection

Which of the following is a public good that is provided by the government: (EC:008)

interstate highways

One reason that some U.S. businesses have moved some of their operations to foreign countries is to (EC:104)

lower their labor costs.

Which of the following government actions is most likely to stimulate the economy: (EC:008)

lowering tax rates

One internal factor that affects the business environment is (EC:105)

management style