Business and Correct Answer

Topics: Business, Gross domestic product, Federal government of the United States Pages: 6 (1122 words) Published: March 3, 2015
The green movement is:
Select one:
a. our concern with the fact that everywhere we look, things are remaining green for longer periods of time. b. developing more green food products to feed the world's poor c. a trend that started with the U.S. government

d. concern with depletion of natural resources and leaving carbon footprint Feedback
The correct answer is: concern with depletion of natural resources and leaving carbon footprint Question 2
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An activity which seeks to earn a profit by providing a good or service is known as a(n): Select one:
a. corporation
b. industry
c. business
d. service
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The correct answer is: business
Question 3
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In countries where businesses are government owned:
Select one:
a. profits tend to be higher
b. there is less incentive to work hard
c. the right amount of each good is produced
d. the quality of goods is high but profits are low
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The correct answer is: there is less incentive to work hard
Question 4
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Two factors of production that seem to contribute the most to a nation's ability to create wealth are: Select one:
a. land and labor
b. entrepreneurship and knowledge
c. entreprenuership and labor
d. land and capital
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The correct answer is: entrepreneurship and knowledge
Question 5
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The amount of goods and services people can buy with the money they have is called their: Select one:
a. consumper price index
b. profit margin
c. nominal income
d. standard of living
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The correct answer is: standard of living
Question 6
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A(n) ____________ is a person who assumes the risk of starting a business. Select one:
a. stakeholder
b. entrepreneur
c. manager
d. investor
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The correct answer is: entrepreneur
Question 7
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When businesses sell to other businesses over the Internet, these transactions are known as: Select one:
a. B2C transactions
b. e-wholesale transaction
c. B2B transactions
d. intermediate e-commerce transaction
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The correct answer is: B2B transactions
Question 8
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total amount of money that businesses take in by selling goods and services is called ________.

Select one:
a. revenue
b. retained earning
c. profit
d. loss
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The correct answer is: revenue
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The customers, employees, stockholders, suppliers, creditors, and others who stand to gain or lose by the policies and activities of a business represent the firm's: Select one:
a. economic environment
b. managers
c. market makers
d. stakeholders
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The correct answer is: stakeholders
Question 10
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The new era of business is likely to be dominated by the:
Select one:
a. information-based sector
b. manufacturing sector
c. service sector.
d. continuing decline in productivity
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The correct answer is: information-based sector
Question 11
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Last year, Adventure Enterprises reported revenues of $24 million while its total expenses were $10 million. Based on this information, Adventure reported: Select one:
a. losses of $14 million
b. losses of $34 million
c. profits of $34 million
d. profits of $14 million
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The correct answer is: profits of $14 million
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