Question

A) trade deficit
B) trade surplus
C) trade balance
D) trade growth
E) trade embargo

Answer 1

B
Explanation: B) Often countries that trade in raw materials, such as oil or diamonds, find the price of the commodity fluctuates a great amount from year to year. So, taking the pool of money that exists in the year of a trade surplus and investing it would be a good strategy. Sovereign wealth funds (SWFs) are government investment funds that do just that.

Answer 2

True

Answer 3

Answer: a. taking proactive steps to ensure that everyone in the company understands that the firm has a system in place for complaints.

Answer 4

Answer: D
Explanation: D) The proposed change creates a need for qualified employees, whose role in making customers feel comfortable in the lounge is crucial to increasing sales and spreading good reports about the place among smokers. Hence, the location of the nearby resort and the availability of experienced workers during the predictable peak time of business are important pluses.

Answer 5

True

Answer 6

Answer: a. Occupational Safety and Health administration

Answer 7

True

Answer 8

Under a Preferred Provider Organization (PPO), a group of doctors and hospitals in a designated area contract with an insurer to provide services at a prearranged cost to the insured.

Answer 9

False

Answer 10

Answer: A

Answer 11

b

Answer 12

Answer: Work teams may not be appropriate when workers perform repetitive, highly specialized tasks. Basing pay on team productivity can result in resentment, as faster workers feel that slower workers reduce the group's total output, and slower workers feel their coworkers are putting pressure on them to produce more. Teamwork is not always appropriate for every kind of work.

Answer 13

False

Answer 14

A

Answer 15

True

Answer 16

Answer: D

Answer 17

Answer: C
Explanation: C) If the quality of life is much lower in countries with little or no free-market economy, this strongly suggests that free-market forces alone account for a great deal in enhancing the quality of life. Choice A does not suggest anything about whether the normal operation of businesses enhances the quality of life. It would require the further assumption that quality of life increases as countries adopt free-market practices. Choice B, if anything, may weaken Mariko's position, if consumer choices did not lead to higher quality of life. Choice D says nothing about whether businesses working for the profit motive enhance the general quality of life. Choice E is not relevant to the issue Mariko addresses.

Answer 18

Answer: D

Answer 19

Answer: B

Answer 20

Answer: D
Explanation: D) Promotion has three goals: to inform, to persuade, and to remind.

Answer 21

A marketing information system is a system for managing marketing information that is gathered continually from internal and external sources; whereas marketing research is the process of systematically gathering, recording, and analyzing data concerning marketing issues. It could be said that marketing research would be stored as part of the marketing information system.

Answer 22

A
Explanation: A) Religious beliefs often shape how a company does business, including holidays, business hours, and what events, objects, places, and actions are sacred.

Answer 23

Answer: D

Answer 24

Answer: B
Explanation: B) These are titles given to top managers, who are responsible for the overall performance of the organization.

Answer 25

True

Answer 26

B
Explanation: B) A functional résumé can cover up long periods of unemployment and lack of advancement by focusing on skills and competence. However, deemphasizing employment usually sends up a red flag to employers, so applicants should expect questions about work experience when using this kind of résumé.

Answer 27

Answer: A

Answer 28

True

Answer 29

Answer: Most likely, MaryBeth would be forced into involuntary bankruptcy and forced to file Chapter 7—liquidation. Chapter 11 is primarily for businesses that continue to function while paying off creditors, and Chapter 13, wage earner's reorganization, does not apply to MaryBeth because she is not currently working. MaryBeth would be forced to sell her house and her furnishings and would have to pay her creditors as much as the sale of those things would allow. Any leftover debt beyond that would be forgiven.
Explanation: Most likely, MaryBeth would be forced into involuntary bankruptcy, when creditors ask a court to order debtors to repay. She would probably file Chapter 7—liquidation—or convert assets into cash. A Chapter 7 bankruptcy forces debtors to turn over their assets to a court-appointed trustee, who divides them among the creditors. The debtor is then no longer required to pay off the rest of the debts. Chapter 11 is primarily for businesses that continue to function while paying off creditors, and Chapter 13, wage earner's reorganization, does not apply to MaryBeth because she is not currently working.