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Exam (elaborations)

BUS 115 PART 1 EXAM QUESTIONS WITH ANSWERS

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BUS 115 PART 1 EXAM QUESTIONS WITH ANSWERS

Institution
BUS 115
Course
BUS 115









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Institution
BUS 115
Course
BUS 115

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Uploaded on
November 27, 2025
Number of pages
15
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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Which of the following BEST describes competition?


Give this one a try later!


Two or more companies compete with one another to attract customers
and gain an advantage.




The oldest and largest free trade area in the world is ________.

, Give this one a try later!


the European Union (EU)




What is a valid explanation as to why some nations retain nonconvertible currency?


Give this one a try later!


fear of capital flight




The Sarbanes-Oxley Act requires that ________.


Give this one a try later!


CEOs verify their companies' financial statements and vouch for their
accuracy with the SEC




What BEST determines the level of competition?


Give this one a try later!


the number of substitutes for a certain good or service




An example of currency ________ would be if the value of the U.S dollar rises against the
Malagasy ariary (the currency of Madagascar).

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