Business management exam quizzes
and answers graded A+
"blank" is equal to revenue minus expenses - ANS✅✅profit
Examples of the social environment include all BUT WHICH of the following? - ANS✅✅a downturn
in the economy
The following are all true statements about entrepreneurship EXCEPT: - ANS✅✅There is little risk
in being an entrepreneur.
The COBA Honor Code emphasizes a high-bar practice of - ANS✅✅ethics.
In the business world, social responsibility refers to: - ANS✅✅the obligation of an organization to
contribute to society.
Recently, Christian Igor announced that it will donate a portion of each sale of Ivan, an endorsed
perfume, to cancer research. This is an example of: - ANS✅✅sustainable development
Making ethical choices begins with - ANS✅✅ethical individuals.
Planned obsolescence is _____. - ANS✅✅deliberately designing products to fail in order to shorten
the time between consumer repurchases
Laws which govern business might best be described as - ANS✅✅a foundation but not everything
one needs to be ethical.
An example of cause-related marketing is - ANS✅✅a partnership between the American Breast
Cancer Association and Lowe's Home Improvement Stores.
A unifying written document that articulates a firm's ethical priorities is described as the company's:
- ANS✅✅code of ethics.
, The "How I did it" article, Fisk Johnson highlighted SC Johnson's - ANS✅✅initiative to reduce
environmental and health risks with products like Saran Wrap.
The Consumer Price Index (CPI) measures the: - ANS✅✅change in weighted-average price over
time in a "market basket" of goods and services bought by the typical consumer.
Firms in oligopolistic markets tend to: - ANS✅✅avoid price competition whenever possible.
In the business cycle, a period in which GDP declines for at least two consecutive quarters is known
as a(n): - ANS✅✅recession.
Macroeconomics focuses on: - ANS✅✅the major issues facing the national economy that may
seem abstract, but directly affect an individual's day-to-day life.
In _____, many firms compete by selling differentiated products. - ANS✅✅monopolistic
competition
Individuals who quit their jobs experience structural unemployment. - ANS✅✅False
Microeconomics focuses on: - ANS✅✅individual businesses and consumers.
The two key phases of the business cycle are: - ANS✅✅contraction and expansion.
Attempts to build exporting opportunities abroad through better relationships with other countries
is called protectionism. - ANS✅✅False
Which of the following might be an appropriate reason for a country to eliminate trade restrictions?
- ANS✅✅To increase domestic jobs in industries with a comparative advantage versus other
countries
Honda's construction of automobile assembly plants in the United States is an example of foreign
_____ by Honda Corporation of Japan. - ANS✅✅Direct Investment
and answers graded A+
"blank" is equal to revenue minus expenses - ANS✅✅profit
Examples of the social environment include all BUT WHICH of the following? - ANS✅✅a downturn
in the economy
The following are all true statements about entrepreneurship EXCEPT: - ANS✅✅There is little risk
in being an entrepreneur.
The COBA Honor Code emphasizes a high-bar practice of - ANS✅✅ethics.
In the business world, social responsibility refers to: - ANS✅✅the obligation of an organization to
contribute to society.
Recently, Christian Igor announced that it will donate a portion of each sale of Ivan, an endorsed
perfume, to cancer research. This is an example of: - ANS✅✅sustainable development
Making ethical choices begins with - ANS✅✅ethical individuals.
Planned obsolescence is _____. - ANS✅✅deliberately designing products to fail in order to shorten
the time between consumer repurchases
Laws which govern business might best be described as - ANS✅✅a foundation but not everything
one needs to be ethical.
An example of cause-related marketing is - ANS✅✅a partnership between the American Breast
Cancer Association and Lowe's Home Improvement Stores.
A unifying written document that articulates a firm's ethical priorities is described as the company's:
- ANS✅✅code of ethics.
, The "How I did it" article, Fisk Johnson highlighted SC Johnson's - ANS✅✅initiative to reduce
environmental and health risks with products like Saran Wrap.
The Consumer Price Index (CPI) measures the: - ANS✅✅change in weighted-average price over
time in a "market basket" of goods and services bought by the typical consumer.
Firms in oligopolistic markets tend to: - ANS✅✅avoid price competition whenever possible.
In the business cycle, a period in which GDP declines for at least two consecutive quarters is known
as a(n): - ANS✅✅recession.
Macroeconomics focuses on: - ANS✅✅the major issues facing the national economy that may
seem abstract, but directly affect an individual's day-to-day life.
In _____, many firms compete by selling differentiated products. - ANS✅✅monopolistic
competition
Individuals who quit their jobs experience structural unemployment. - ANS✅✅False
Microeconomics focuses on: - ANS✅✅individual businesses and consumers.
The two key phases of the business cycle are: - ANS✅✅contraction and expansion.
Attempts to build exporting opportunities abroad through better relationships with other countries
is called protectionism. - ANS✅✅False
Which of the following might be an appropriate reason for a country to eliminate trade restrictions?
- ANS✅✅To increase domestic jobs in industries with a comparative advantage versus other
countries
Honda's construction of automobile assembly plants in the United States is an example of foreign
_____ by Honda Corporation of Japan. - ANS✅✅Direct Investment
