BUS 6600 Final Exam Questions and
Already Passed Solutions Graded A+
2025-2026 Updated.
c. dealing sensitively with workers and cultures around the world. - Answer Efforts are
underway to serve the needs of a diverse population. Embracing diversity means
a. meeting employment quotas so that diverse groups are always represented in your
workforce.
b. selling products to immigrants.
c. dealing sensitively with workers and cultures around the world.
d. providing government programs such as free health care for illegal and legal immigrants.
d. Efficiency - Answer __________ means producing items using the least amount of
resources.
a. Productivity
b. Competence
c. Technology
d. Efficiency
c. wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are
often lacking in these areas. - Answer When we compare the factors of production in wealthy
versus poor nations, we find
a. wealthy nations have land and labor, while poor nations have capital and entrepreneurship.
b. poor nations have plenty of land and knowledge, but very little labor.
c. wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are
often lacking in these areas.
d. poor and wealthy nations (both) have an abundance of knowledge; it is the land that varies,
with rich nations always having more.
b. demographics - Answer The statistical study of human population to learn its size, density,
and characteristics is called
a. econometrics.
b. demographics.
,b. customer-driven. - Answer In order to compete well and gain market share, contemporary
businesses are changing to be more
a. management-driven.
b. customer-driven.
c. production-driven.
d. Cash-driven.
d. It met the needs of our nation when it was first introduced, but needs an overhaul. - Answer
Which statement is accurate about the Social Security system?
a. It continues to burden businesses because businesses must provide and pay for this benefit
for their employees.
b. It is failing because the U.S. government failed to invest the money that employees
contributed.
c. It will continue to serve the needs of U.S. citizens into the distant future, because there are so
few retirees placing a strain on it.
d. It met the needs of our nation when it was first introduced, but needs an overhaul.
d. its employee's knowledge and skills. - Answer The value of a firm's intellectual capital refers
to
a. the type and success of its financial strategies.
b. its reputation in the marketplace.
c. the average educational level of management.
d. its employee's knowledge and skills.
a. there is less incentive to work hard. - Answer In countries where businesses are government
owned,
a. there is less incentive to work hard.
b. profits tend to be higher.
c. productivity tends to be highest.
d. the right amount of each good is produced.
a. minimal government spending because it keeps taxes to a minimum - Answer What policies
tend to favor business?
a. minimal government spending because it keeps taxes to a minimum
,a. revenue. - Answer The total amount of money that businesses take in by selling goods and
services is called
a. revenue.
b. loss.
c. profit.
d. retained earnings.
c. B2B and B2C. - Answer The two major types of e-commerce are
a. EDI and EDC.
b. online and offline.
c. B2B and B2C.
d. wholesale and retail.
d. finding ways to save energy and lessen the harm on our environment. - Answer Greening
refers to
a. the need for more carbon dioxide in our air.
b. firms acquiring more greenbacks (U.S. dollars) from world trade.
c. the agricultural industry's push to develop and produce new green vegetables to feed the
world.
d. finding ways to save energy and lessen the harm on our environment.
d. some wages, interest rates, tax rates, and government benefits are tied to changes in the
value of the CPI. - Answer One reason the CPI is monitored very closely by government,
businesses, and workers is that
a. the gross domestic product is computed from the reported increases in the CPI.
b. it indicates whether we are running a budget surplus or a deficit.
c. it is the best measure of worker productivity in the service sector.
d. some wages, interest rates, tax rates, and government benefits are tied to changes in the
value of the CPI.
c. depression - Answer A __________ is a severe recession that is usually accompanied by
deflation.
, c. the right to own private property. - Answer The freedom for people to buy, sell, and use
land, buildings, machinery, and inventions are basic capitalist rights under
a. freedom of choice.
b. freedom of expression.
c. the right to own private property.
d. freedom of competition.
d. the market. - Answer A free market is one in which decisions about what to produce and in
what quantities are made by
a. the Fed.
b. the president.
c. Congress.
d. the market.
b. cyclical. - Answer The four basic types of unemployment are frictional, structural, seasonal,
and
a. industrial.
b. cyclical.
c. traditional.
d. procedural
c. equal the equilibrium price. - Answer When prices are free to adjust over time, in the long
run, the market price of a good tends to
a. rise above the equilibrium price in the long run.
b. have no specific relationship to the equilibrium price.
c. equal the equilibrium price.
d. fall below the equilibrium price in the long run.
c. monetary - Answer Efforts by the Federal Reserve Bank (the Fed) to control the money
supply and interest rates are known as __________ policy.
a. securities
b. income
Already Passed Solutions Graded A+
2025-2026 Updated.
c. dealing sensitively with workers and cultures around the world. - Answer Efforts are
underway to serve the needs of a diverse population. Embracing diversity means
a. meeting employment quotas so that diverse groups are always represented in your
workforce.
b. selling products to immigrants.
c. dealing sensitively with workers and cultures around the world.
d. providing government programs such as free health care for illegal and legal immigrants.
d. Efficiency - Answer __________ means producing items using the least amount of
resources.
a. Productivity
b. Competence
c. Technology
d. Efficiency
c. wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are
often lacking in these areas. - Answer When we compare the factors of production in wealthy
versus poor nations, we find
a. wealthy nations have land and labor, while poor nations have capital and entrepreneurship.
b. poor nations have plenty of land and knowledge, but very little labor.
c. wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are
often lacking in these areas.
d. poor and wealthy nations (both) have an abundance of knowledge; it is the land that varies,
with rich nations always having more.
b. demographics - Answer The statistical study of human population to learn its size, density,
and characteristics is called
a. econometrics.
b. demographics.
,b. customer-driven. - Answer In order to compete well and gain market share, contemporary
businesses are changing to be more
a. management-driven.
b. customer-driven.
c. production-driven.
d. Cash-driven.
d. It met the needs of our nation when it was first introduced, but needs an overhaul. - Answer
Which statement is accurate about the Social Security system?
a. It continues to burden businesses because businesses must provide and pay for this benefit
for their employees.
b. It is failing because the U.S. government failed to invest the money that employees
contributed.
c. It will continue to serve the needs of U.S. citizens into the distant future, because there are so
few retirees placing a strain on it.
d. It met the needs of our nation when it was first introduced, but needs an overhaul.
d. its employee's knowledge and skills. - Answer The value of a firm's intellectual capital refers
to
a. the type and success of its financial strategies.
b. its reputation in the marketplace.
c. the average educational level of management.
d. its employee's knowledge and skills.
a. there is less incentive to work hard. - Answer In countries where businesses are government
owned,
a. there is less incentive to work hard.
b. profits tend to be higher.
c. productivity tends to be highest.
d. the right amount of each good is produced.
a. minimal government spending because it keeps taxes to a minimum - Answer What policies
tend to favor business?
a. minimal government spending because it keeps taxes to a minimum
,a. revenue. - Answer The total amount of money that businesses take in by selling goods and
services is called
a. revenue.
b. loss.
c. profit.
d. retained earnings.
c. B2B and B2C. - Answer The two major types of e-commerce are
a. EDI and EDC.
b. online and offline.
c. B2B and B2C.
d. wholesale and retail.
d. finding ways to save energy and lessen the harm on our environment. - Answer Greening
refers to
a. the need for more carbon dioxide in our air.
b. firms acquiring more greenbacks (U.S. dollars) from world trade.
c. the agricultural industry's push to develop and produce new green vegetables to feed the
world.
d. finding ways to save energy and lessen the harm on our environment.
d. some wages, interest rates, tax rates, and government benefits are tied to changes in the
value of the CPI. - Answer One reason the CPI is monitored very closely by government,
businesses, and workers is that
a. the gross domestic product is computed from the reported increases in the CPI.
b. it indicates whether we are running a budget surplus or a deficit.
c. it is the best measure of worker productivity in the service sector.
d. some wages, interest rates, tax rates, and government benefits are tied to changes in the
value of the CPI.
c. depression - Answer A __________ is a severe recession that is usually accompanied by
deflation.
, c. the right to own private property. - Answer The freedom for people to buy, sell, and use
land, buildings, machinery, and inventions are basic capitalist rights under
a. freedom of choice.
b. freedom of expression.
c. the right to own private property.
d. freedom of competition.
d. the market. - Answer A free market is one in which decisions about what to produce and in
what quantities are made by
a. the Fed.
b. the president.
c. Congress.
d. the market.
b. cyclical. - Answer The four basic types of unemployment are frictional, structural, seasonal,
and
a. industrial.
b. cyclical.
c. traditional.
d. procedural
c. equal the equilibrium price. - Answer When prices are free to adjust over time, in the long
run, the market price of a good tends to
a. rise above the equilibrium price in the long run.
b. have no specific relationship to the equilibrium price.
c. equal the equilibrium price.
d. fall below the equilibrium price in the long run.
c. monetary - Answer Efforts by the Federal Reserve Bank (the Fed) to control the money
supply and interest rates are known as __________ policy.
a. securities
b. income
