A rise in the incomes of foreign consumers, everything else remaining unchanged, causes net exports to

A. decline.
B. not change.
C. rise.
D. rise at first, then decline later.


Answer: C

Business

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Jonathan is a frequent flier. Each time he accesses the Web sites of airlines to book his tickets online, he is using both TCP/IP and ____.

A. PPP B. ftp C. POP D. http

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Agency relationships created against public policy are void and unenforceable

Indicate whether the statement is true or false

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Diane owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 less than Diane. Diane decides to lower her price and match CC's Bakery prices. What type of pricing strategy is Diane implementing?

A. sales-oriented pricing B. internal pricing C. competitor-oriented pricing D. profit-oriented pricing E. customer-oriented pricing

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The process of checking and testing products to ensure that they meet specifications is called

A. inventory control. B. quality control. C. quality inspection. D. assurance. E. check pointing.

Business