Business - Introduction To Business

Car insurance is an example of a good

Only large companies have benefited significantly from the moneymaking opportunities of exporting

What type of corporate structure incorporates proactive CSR into the company's foundation, resulting in a legal obligation to pursue social or environmental goals?

4

P and Q are married and have three children. P is the primary beneficiary on Q's Accidental Death and Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q, and R are involved in a car accident and Q and R are killed instantly. The Accidental Death benefits will be paid to

5

Norman wants to supplement his current investments with a high-risk, low-priced security. Which of these best fits his strategy of high risk, low price and a potentially high rate of return?

6

Bankers and potential investors are likely to read ________ first.

7

Doing business today without harming the ability of future generations to meet their needs is referred to as:

8

Which of the following is a drawback of mutual funds?

9

If you're the designated leader of a meeting,

10

How do marketers best use viral marketing?

11

Contacting customers after a sale to reassure them that they made the right decision is intended to offset

12

What is an example of qualitative information gathered through market research?

13

If a customer uses the comment feature to criticize your business blog, you should

14

Which of the following is true regarding trading companies?

15

In the production of corn meal for baking, corn is ground. This conversion process is an example of:

16

What does Porter point to as the reason for Japan's success in the post-World War II economy?

17

Stephanie's candy store has profit as an objective. As a result, she wants to have

18

Anne notices that her clothing store isn't selling many of the jeans priced at $120 . She wants to quickly increase sales of these jeans before next season's fashion comes in. What would be her best approach?

19

What type of wholesaler operates mainly in bulk industries like lumber, coal, and heavy equipment?

C
Explanation: C) Drop shippers operate in these bulk industries because they don't handle the product. They are middlemen who receive orders, select the manufacturer, and the manufacturer ships the merchandise directly to the customer. Rack jobbers serve supermarkets and drugstores mostly in nonfood items by sending delivery trucks to stores and providing delivery people who set up the displays in the stores. Truck wholesalers sell and deliver products, for example, soft-drink trucks that deliver bottled and canned beverages to supermarkets and restaurants. Cash-and-carry wholesalers have the inventory available at a fixed location and retailers pick up the products they need, usually fast-moving goods, purchasing them on the spot for cash. Specialty distributors sell to manufacturers and institutions, like hospitals and the government.

20

Which key piece of legislation made it illegal to discriminate in key areas of employment, including hiring, promotion, and compensation?

21

Placing a special order for a part you need to customize your computer is an example of_____.

22

Corporations are easy to start and easy to terminate.

23

Which of the following strategies is involved with price skimming?

24

In the context of the right to private property, identify a true statement about capitalist economy.

25

Store walls act as _________ tools to guide shoppers to products they have come to buy and see.

26

Seasonal discounts provide price incentives to customers during peak selling seasons.

27

List in order each part of the five-step research process that will help you gather and use information efficiently

28

Job specificationsrefer to the precise qualifications necessary to hold a particular position in an organization.

29

The statement of cash flows offers information on all of the following except:

30

Stephanie starts a business that sells personal computers. Within the first year she discovers that computer technology becomes outdated very quickly, and she has not been able to sell her products for as much as she thought due to the passage of time. Stephanie has mismanaged

31

According to rating services such as Moody's, what type of rating would a bond have if it was one of the safest investments possible, but produced lower returns?

32

The ________ rate represents the interest rate charged by the Fed when loaning funds to member banks.

33

History shows that free-market capitalism leads to a fair and equitable distribution of wealth.

34

Kim Nguyen is a sole proprietor planning to open a home décor boutique selling imports from around the world. Like most small businesses, this new business will likely be managed by:

35

Jonas was a skilled welder at an auto plant. He lost his job and has been looking for work for several months. Jonas finally accepted a job as an unskilled laborer at a local nursery. Although happy to be back to work, he feels that his new job doesn't use his skills to their full potential. Jonas is an example of an underemployed worker.

36

The U.S. Army's motto to "be all that you can be" relates most closely to the ____ level of needs.

37

Which of the following statements about business cycles in the U.S. is most accurate?

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Business - Introduction To Business

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