Business Administration Exam
quizzes and answers graded A+
The unemployment rate measures the number of unemployed people who-----seeking work. -
ANS✅✅are actively
If, in any given year the government takes in more money that it spends on goods and services, the
result is a budget -------- - ANS✅✅surplus
The study of economic choices made by individual consumers or businesses is called -
ANS✅✅microeconomics
As factors of production: equipment buildings, vehicles, and cash are considered - ANS✅✅capital
when sellers supply more of the product than buyers are willing to purchase, a-------is created. -
ANS✅✅surplus
When a fast-food chain responds to environmental concerns by eliminating styrofoam containers, it
shows a desire to be a - ANS✅✅good corporate citizen
involve(s) the design and management of the processes that transform resources into goods or
services - ANS✅✅Operations
If the Fed believes that inflation is a problem, it will (select one): - ANS✅✅bring about an increase
in interest rates
in a------economy, the government controls select major industries, such as transportation and
health care, while allowing individual ownership of other industries. - ANS✅✅mixed market
refers to the quantity of a product that sellers are willing to sell at various prices - ANS✅✅supply
Leading economic indicators predict the status of the economy over the course of - ANS✅✅three
to twelve months
, To counter a recession, the Fed will take------measures to increase the money supply and reduce
interest rates. - ANS✅✅expansionary
refers to the quantity of a product that buyers are willing to purchase at various prices. -
ANS✅✅demand
A-----is any activity that provides goods and services to consumer for the purpose of making a profit -
ANS✅✅business
the study of the production, distribution and consumption of goods and services -
ANS✅✅economics
Fiscal policy is the governments power of - ANS✅✅taxation
One way that economists measure the performance of an economy is by looking at a widely used
measure of total output know as the - ANS✅✅gross domestic product
Because the cost of starting a business in an oligopoly is usually-----, the number of firms entering it
is ----- - ANS✅✅high/low
The difference between the revenue that a company brings in from selling goods and services and
the cost of generating this revenue is called - ANS✅✅gross margin
When the Fed believes that inflation is a problem, it will use------policy to decrease the money supply
and raise interest rates. - ANS✅✅contractionary
Managers have a(n)------responsibility to owners to safeguard a company's assets and handle its
funds in a trustworthy manner. - ANS✅✅fiduciary
Which of the following items is not directly related to the problem of dealing with ethical issues? -
ANS✅✅Hiring practices
Which of the following is the best definition of business ethics? - ANS✅✅The practice of
competing fairly and declining to put your own interests above those of your company or its
stakeholders
quizzes and answers graded A+
The unemployment rate measures the number of unemployed people who-----seeking work. -
ANS✅✅are actively
If, in any given year the government takes in more money that it spends on goods and services, the
result is a budget -------- - ANS✅✅surplus
The study of economic choices made by individual consumers or businesses is called -
ANS✅✅microeconomics
As factors of production: equipment buildings, vehicles, and cash are considered - ANS✅✅capital
when sellers supply more of the product than buyers are willing to purchase, a-------is created. -
ANS✅✅surplus
When a fast-food chain responds to environmental concerns by eliminating styrofoam containers, it
shows a desire to be a - ANS✅✅good corporate citizen
involve(s) the design and management of the processes that transform resources into goods or
services - ANS✅✅Operations
If the Fed believes that inflation is a problem, it will (select one): - ANS✅✅bring about an increase
in interest rates
in a------economy, the government controls select major industries, such as transportation and
health care, while allowing individual ownership of other industries. - ANS✅✅mixed market
refers to the quantity of a product that sellers are willing to sell at various prices - ANS✅✅supply
Leading economic indicators predict the status of the economy over the course of - ANS✅✅three
to twelve months
, To counter a recession, the Fed will take------measures to increase the money supply and reduce
interest rates. - ANS✅✅expansionary
refers to the quantity of a product that buyers are willing to purchase at various prices. -
ANS✅✅demand
A-----is any activity that provides goods and services to consumer for the purpose of making a profit -
ANS✅✅business
the study of the production, distribution and consumption of goods and services -
ANS✅✅economics
Fiscal policy is the governments power of - ANS✅✅taxation
One way that economists measure the performance of an economy is by looking at a widely used
measure of total output know as the - ANS✅✅gross domestic product
Because the cost of starting a business in an oligopoly is usually-----, the number of firms entering it
is ----- - ANS✅✅high/low
The difference between the revenue that a company brings in from selling goods and services and
the cost of generating this revenue is called - ANS✅✅gross margin
When the Fed believes that inflation is a problem, it will use------policy to decrease the money supply
and raise interest rates. - ANS✅✅contractionary
Managers have a(n)------responsibility to owners to safeguard a company's assets and handle its
funds in a trustworthy manner. - ANS✅✅fiduciary
Which of the following items is not directly related to the problem of dealing with ethical issues? -
ANS✅✅Hiring practices
Which of the following is the best definition of business ethics? - ANS✅✅The practice of
competing fairly and declining to put your own interests above those of your company or its
stakeholders
