Which of the following best describes a country that is actively engaged in international trade and has robust manufacturing, service, and financial sectors?
A) subsistence economy
B) raw materials exporting economy
C) industrializing economy
D) industrial economy
E) free-trade economy
D
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In the generally accepted stages of the business buying process, the step following the recognition of the organizational problem or need is the ________
A) acquisition and analysis of proposals B) search for and qualification of potential sources C) description of the characteristics of the item and quantity needed D) determination of the characteristics of the item and quantity needed E) performance feedback and evaluation
Applied overhead consists of which of the following?
a. actual activity times predetermined overhead rate b. estimated activity times predetermined overhead rate c. actual activity times actual overhead rate d. estimated activity times actual overhead rate
In the mid-20th century, an increasingly competitive economic environment led to a new approach to marketing in the business world reflecting a ______ mind-set.
A. sales B. product C. services D. competitive
Careful analysis of law and ethics leads to the conclusion that ________
A) many illegal activities are also unethical B) ethics lays the foundation for laws C) lawyers are at heart ethicists D) legal advice and ethical advice are essentially the same