Classical economists, who support the profit-oriented school of social responsibility, recognize that there will be unintended effects of profit-seeking activities, called ________,
that affect society and cannot be incorporated into or passed on in the price of an output.
A) unforeseeable circumstances
B) concomitant consequences
C) externalities
D) internalities
C
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When evaluating secondary data, the ________ criteria asks the question of "why the data were collected in the first place."
A) nature B) objective C) error/accuracy D) currency
According to Dutch researcher, Fons Trompenaars, ________ refers to people regarding themselves as individuals, while ________ refers to people regarding themselves as part of a group.
A. individualism; universalism B. universalism; particularism C. individualism; communitarianism D. communitarianism; universalism
The Road Ready Riding, Inc will use an estimated 24,000 wheel assemblies in its manufacturing
process next year. The carrying cost of the wheel assembly inventory is $1.80 per wheel and the ordering cost per order is $50. What is Road Ready's economic ordering quantity of wheel assemblies? A) 785 B) 997 C) 1,155 D) 1,098
Which of the following would NOT be considered a business?
a. a restaurant b. a gas station c. an elementary school d. Wal-Mart e. UPS