Bus.101 Quizzes 1-200 || 100% Correct Answers.
Capital, labor, natural resources or land, entrapreneurship. correct answers name the four factors
of production for an economy or business.
socialism correct answers the economic system under which basic Industries are owned and
operated by the government along with small-scale private businesses owned and operated by
individuals is called?
Depression correct answers a severe recession that lasts longer than a typical recession with
extremely high unemployment rates and a large decline in business activity is called?
demand correct answers is the quantity of a good or service that people are willing to buy at
various prices.
Supply correct answers is the quantity of a good or service that businesses will make available at
various prices.
GDP (Gross Domestic Product) correct answers the most basic measure of our nation's economic
growth is?
inflation correct answers the situation in which the average of all prices of goods and services is
rising is called?
tariff correct answers is the tax imposed by a nation on imported goods.
import quota correct answers limits on the quantity of a certain good that can be imported is
called an ?
trade deficit correct answers exists when Imports exceed exports.
DFI (Direct Foreign Investment ) correct answers which strategy for "going global" carries more
risk with it exporting or direct foreign investment?
protectionism correct answers is when a nation protects is home industries from outside
competition by establishing artificial barriers to trade such as tariffs and import quotas.
false correct answers with regards to the three elements of the fraud triangle a business can really
only accept to be able to control the element of pressure by limiting the amount of pressure it
places on its employees. correct answer is opportunity.
true correct answers businesses are not required by federal law to enforce and affirmative action
program in the hiring process of their employees unless they have an annual contract with the
federal government of 50,000 or more.
, true correct answers the level of social responsibility is determined by a business as it considers
its position in the market.
true correct answers a code of ethics provides employees with the knowledge of what their firm
expects in terms of their responsibilities and behavior towards fellow employees, customers, and
suppliers.
true or false correct answers the multinational corporation using child labor to manufacture
Goods while operating in a foreign country that permits this practice is an example of a business
that is operating in a legal but irresponsible social manner.
true correct answers one of the disadvantages of the sole proprietorship is that the owner has
unlimited liability.
false correct answers Articles of Incorporation usually specified the life of a corporation as a
certain number of predetermined years.
earnings of the corporation and dividends of the shareholders both are taxed. correct answers
double taxation in a corporation means?
shareholders correct answers are the owners of a corporation.
merger correct answers is the combining two or more firms to form one new company. A+B=C
true correct answers a person who organizes, operates and assumes the risk of a business venture
in the hope of making a profit is called an entrepreneur.
true correct answers the most common use of a business plan is to persuade lenders and investors
to finance the venture.
being a follower rather than a leader correct answers which of the following is not a
characteristic of the intrapreneurial personality?
debt correct answers Lawrence Searle quit his lucrative job as an author Anderson tax consultant
to start a retail website that specializes in Dutch tulip bulbs to fund his website he borrowed
money from his friends and relatives in other words he used what financing?
Angel Investors correct answers are individuals investors or groups of experienced investors who
provide funding for start-up businesses.
true correct answers the small business administration SBA assist small businesses by providing
advice in management and financial matters.
false correct answers it is not advisable for small businesses to use the services of CPAs and
lawyers because most businesses are too small to afford the expense.
Capital, labor, natural resources or land, entrapreneurship. correct answers name the four factors
of production for an economy or business.
socialism correct answers the economic system under which basic Industries are owned and
operated by the government along with small-scale private businesses owned and operated by
individuals is called?
Depression correct answers a severe recession that lasts longer than a typical recession with
extremely high unemployment rates and a large decline in business activity is called?
demand correct answers is the quantity of a good or service that people are willing to buy at
various prices.
Supply correct answers is the quantity of a good or service that businesses will make available at
various prices.
GDP (Gross Domestic Product) correct answers the most basic measure of our nation's economic
growth is?
inflation correct answers the situation in which the average of all prices of goods and services is
rising is called?
tariff correct answers is the tax imposed by a nation on imported goods.
import quota correct answers limits on the quantity of a certain good that can be imported is
called an ?
trade deficit correct answers exists when Imports exceed exports.
DFI (Direct Foreign Investment ) correct answers which strategy for "going global" carries more
risk with it exporting or direct foreign investment?
protectionism correct answers is when a nation protects is home industries from outside
competition by establishing artificial barriers to trade such as tariffs and import quotas.
false correct answers with regards to the three elements of the fraud triangle a business can really
only accept to be able to control the element of pressure by limiting the amount of pressure it
places on its employees. correct answer is opportunity.
true correct answers businesses are not required by federal law to enforce and affirmative action
program in the hiring process of their employees unless they have an annual contract with the
federal government of 50,000 or more.
, true correct answers the level of social responsibility is determined by a business as it considers
its position in the market.
true correct answers a code of ethics provides employees with the knowledge of what their firm
expects in terms of their responsibilities and behavior towards fellow employees, customers, and
suppliers.
true or false correct answers the multinational corporation using child labor to manufacture
Goods while operating in a foreign country that permits this practice is an example of a business
that is operating in a legal but irresponsible social manner.
true correct answers one of the disadvantages of the sole proprietorship is that the owner has
unlimited liability.
false correct answers Articles of Incorporation usually specified the life of a corporation as a
certain number of predetermined years.
earnings of the corporation and dividends of the shareholders both are taxed. correct answers
double taxation in a corporation means?
shareholders correct answers are the owners of a corporation.
merger correct answers is the combining two or more firms to form one new company. A+B=C
true correct answers a person who organizes, operates and assumes the risk of a business venture
in the hope of making a profit is called an entrepreneur.
true correct answers the most common use of a business plan is to persuade lenders and investors
to finance the venture.
being a follower rather than a leader correct answers which of the following is not a
characteristic of the intrapreneurial personality?
debt correct answers Lawrence Searle quit his lucrative job as an author Anderson tax consultant
to start a retail website that specializes in Dutch tulip bulbs to fund his website he borrowed
money from his friends and relatives in other words he used what financing?
Angel Investors correct answers are individuals investors or groups of experienced investors who
provide funding for start-up businesses.
true correct answers the small business administration SBA assist small businesses by providing
advice in management and financial matters.
false correct answers it is not advisable for small businesses to use the services of CPAs and
lawyers because most businesses are too small to afford the expense.
