Bus 6600 Questions and Answers (100%
Correct Answers) Already Graded A+
A nation progresses socially when it has good schools,
clean air and water, and more. Which statement accurately
addresses conditions for social progress?
The foundation for social progress is a handful of wealthy
entrepreneurs willing to spread the wealth.
Social progress will evolve when capital is apportioned to
everyone in equal amounts.
Social progress can only improve when there is a strong
labor pool to draw from.
A city, state, or nation's social progress needs the right
business environment. [ Ans: ] A city, state, or nation's
social progress needs the right business environment.
The series of lines on a product packaging that the cashier
scans when you check out at a grocery store or discount
store is called a
bar code.
zip code.
laser code.
scan code. [ Ans: ] bar code
,The total amount of money that businesses take in by
selling goods and services is called
revenue.
profit.
retained earnings.
loss. [ Ans: ] revenue
________ is the chance a business owner will lose the time
and money invested in a business that proves to be
unprofitable.
Redundancy
Opportunity
Depreciation
Risk [ Ans: ] Risk
When we compare the factors of production in wealthy
versus poor nations, we find
wealthy nations have land and labor, while poor nations
have capital and entrepreneurship.
poor and wealthy nations (both) have an abundance of
knowledge; it is the land that varies, with rich nations
always having more.
,wealthy nations have knowledge and entrepreneurial
opportunities, while poor nations are often lacking in
these areas.
poor nations have plenty of land and knowledge, but very
little labor. [ Ans: ] wealthy nations have knowledge and
entrepreneurial opportunities, while poor nations are
often lacking in these areas.
__________ means producing items using the least amount
of resources.
Technology
Efficiency
Competence
Productivity [ Ans: ] Efficiency
The two major types of e-commerce are
EDI and EDC.
wholesale and retail.
online and offline.
B2B and B2C. [ Ans: ] B2B and B2C
In today's competitive environment, successful businesses
are keenly focused on their
, customers.
suppliers.
creditors.
managers. [ Ans: ] customers
The new era of business is likely to be dominated by the
natural resources sector.
manufacturing sector.
information-based sector.
service sector. [ Ans: ] information-based sector.
Contemporary governments promote business
development by
increasing business regulations.
permitting businesspeople to conduct business without
the use of contracts.
encouraging government ownership of businesses.
establishing a currency that is tradable in world markets. [
Ans: ] establishing a currency that is tradable in world
markets.
Correct Answers) Already Graded A+
A nation progresses socially when it has good schools,
clean air and water, and more. Which statement accurately
addresses conditions for social progress?
The foundation for social progress is a handful of wealthy
entrepreneurs willing to spread the wealth.
Social progress will evolve when capital is apportioned to
everyone in equal amounts.
Social progress can only improve when there is a strong
labor pool to draw from.
A city, state, or nation's social progress needs the right
business environment. [ Ans: ] A city, state, or nation's
social progress needs the right business environment.
The series of lines on a product packaging that the cashier
scans when you check out at a grocery store or discount
store is called a
bar code.
zip code.
laser code.
scan code. [ Ans: ] bar code
,The total amount of money that businesses take in by
selling goods and services is called
revenue.
profit.
retained earnings.
loss. [ Ans: ] revenue
________ is the chance a business owner will lose the time
and money invested in a business that proves to be
unprofitable.
Redundancy
Opportunity
Depreciation
Risk [ Ans: ] Risk
When we compare the factors of production in wealthy
versus poor nations, we find
wealthy nations have land and labor, while poor nations
have capital and entrepreneurship.
poor and wealthy nations (both) have an abundance of
knowledge; it is the land that varies, with rich nations
always having more.
,wealthy nations have knowledge and entrepreneurial
opportunities, while poor nations are often lacking in
these areas.
poor nations have plenty of land and knowledge, but very
little labor. [ Ans: ] wealthy nations have knowledge and
entrepreneurial opportunities, while poor nations are
often lacking in these areas.
__________ means producing items using the least amount
of resources.
Technology
Efficiency
Competence
Productivity [ Ans: ] Efficiency
The two major types of e-commerce are
EDI and EDC.
wholesale and retail.
online and offline.
B2B and B2C. [ Ans: ] B2B and B2C
In today's competitive environment, successful businesses
are keenly focused on their
, customers.
suppliers.
creditors.
managers. [ Ans: ] customers
The new era of business is likely to be dominated by the
natural resources sector.
manufacturing sector.
information-based sector.
service sector. [ Ans: ] information-based sector.
Contemporary governments promote business
development by
increasing business regulations.
permitting businesspeople to conduct business without
the use of contracts.
encouraging government ownership of businesses.
establishing a currency that is tradable in world markets. [
Ans: ] establishing a currency that is tradable in world
markets.
