Business Dynamics Final (All Solved)

Which of the following dimensions of a business that embodies the values, attitudes, customs, and beliefs shared by groups of people? correct answers The social environment In the context of the history of American business, which of the following statements is true of the marketing era? correct answers The balance of power shifted away from producers and towards consumers In the context of a business environment, computers, telecommunications, and other digital tools are considered to be a part of the: correct answers Technological environment In the context of factors of production, which of the following is a natural resource? correct answers Land In the context of the history of American business, which of the following statements is true of the production era? correct answers The assembly line became standard across major manufacturing industries Which of the following is a characteristic of entrepreneurs? correct answers They risk their time, money, and other resources to start and manage their business Which of the following statements is true of profit in a business? correct answers It is the financial reward that comes from starting and running a business When a business brings in less money than it needs to cover expenses, it incurs a: correct answers Loss Which of the following factors is most likely to be covered by the social environment dimensions of a business? correct answers Population size During a period of inflation in the United States, the Federal Reserve sells treasury bonds. Buyers of these bonds write checks to the Fed, and the Fed cashes these checks from banks. Given this information, the banks will most likely: correct answers Cut back on the loans they make In the context of monetary policy, if the Fed decreases the reserve requirement: correct answers There will be more loans available Monopolies are: correct answers market structures with one company as the supplier of a product because the nature of that product makes a single supplies more efficient than multiple. competing ones In the context of open market operations, when inflation is a concern, the Fed sells securities to buyers who write checks to the Fed to pay for securities they bought, and the Fed withdraws these funds from banks. With fewer funds: correct answers Credit becomes tighter