BUS 6600 BOOKOUT FINAL TEST EXAM
UPDATED 2025–2026 WITH ALL NEW
QUESTIONS AND EXACTLY RIGHT ANSWERS |
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Businesses acquire facts on where humans live, what they purchase, and how they
spend their time - ANSWER: demographic
Efficiency manner: - ANSWER: producing items and services using the least
amount of resources
When corruption is gift within the enterprise surroundings: - ANSWER: company
leaders can also threaten competitors and decrease competition
Businesses favor government spending because it maintains taxes to a minimum
- ANSWER: minimal
Technology is supporting turn products into services with the aid of - ANSWER:
offering new methods to get entry to objects
Businesses that produce and inform tangible merchandise like metal and machines
are a part of the industry - ANSWER: manufacturing
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Diversity way: - ANSWER: dealing sensitively with workers and cultures round
the sector What is a bonus of utilitizing technology? - ANSWER: Productivity
increases
A easy deliver curve suggests a dating between the - ANSWER: price of an
awesome and the pleasant of that right sellers are inclined to offer for sale at a
selected point in time
A bank device crashed. These occasions cut into customers shopping strength,
inflicting a severe decline in the proce of products and offerings, better referred to
as - ANSWER: deflation
In a 12 months, the charge of a gem has extended from $7/lb to $90/lb. Under
those occasions and the truth that extra businesses are seeking to use the gem in
their products, a graph of the deliver and call for for this product would show -
ANSWER: the rate of the gem to be above the equilibrium price for this gem
A important benefit of socialism: - ANSWER: emphasis on social equality
One way to reduce the US government budget deficit is to - ANSWER: cut
spending
The most important intention of useful resource improvement is to discover
approaches to - ANSWER: increase the amount of assets and create conditions a
good way to make better use of these sources
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One of the dangers of free markets is that business people and others can also
permit
manual their behavior - ANSWER: greed
One of the most large issues confronted with the aid of communist countries is -
ANSWER: persistent shortages of basic items which includes food and garb
If a scarcity exists for a good in a free-marketplace financial system, the -
ANSWER: price of the best will upward push
Keynesian monetary concept indicates: - ANSWER: short-term will increase in
govermenet spending to stimulate the financial system
There are a massive wide variety of bakeries in AL and every produces
comparable, however no longer ideantial, merchandise. The bakery is an instance
of what kind of opposition? - ANSWER: Monopolistic
is the have a look at of ways a society employs its constrained resources to
provide goods and offerings and how it distributes them amongst competiting
agencies and individuals - ANSWER: economics