BUS 100 FINAL EXAM 75 Questions and
Answers.
If a business is to be successful in the long run, it must produce quality products, operate efficiently,
and be -
✅socially responsible
In a socialist economic system, many people work in _______ jobs. -
✅government
The _______ is the price at which the number of products that businesses are willing to supply
equals the number of products consumers are willing to purchase at a point in time. -
✅equilibrium price
When apple introduced the iPad the price of and demand for net books and notebooks were high.
As a result, -
✅
Is the study of how resources are distributed for the production of goods and services within a social
system -
✅Economics
The Sarbanes-Oxley Act was passed to -
✅protect shareholders, employees, and the public from accounting errors and financial fraud
Is the extent to which businesses meet the legal, ethical,economic and voluntary responsibilities
placed on them by their stakeholders. -
✅corporate citizenship
What is the act of an employee exposing an employer's wrongdoing to outsiders? -
✅whistleblowing
Consumers vote against firms they view as socially irresponsible by not -
, ✅buying the company's products.
Studies have found a direct link between social responsibility and ______ in business -
✅profitability
A trade advantage with the best chance of surviving is one based on -
✅a monopoly of a resource
When a country devalues its currency, this encourages the sale of its -
✅domestic goods to foreign countries
A group of nations or companies that band together to act as a monopoly is known as a -
✅cartel
Which of the following makes a short-term loans to member countries with trade deficits and
provides foreign currencies to member nations? -
✅International Monetary Fund
Why was the World Bank formed? -
✅To loan money to underdeveloped and developed countries
Which of the following is not a source of funds for a sole proprietorship? -
✅selling stock or issuing bonds
Which of the following is a disadvantage of a partnership? -
✅unlimited liability
An important advantage of a corporation is its -
✅limited liability
The organizational form that many consider to be a blend of the best characteristics of corporations,
partnerships, and sole proprietorships is the -
Answers.
If a business is to be successful in the long run, it must produce quality products, operate efficiently,
and be -
✅socially responsible
In a socialist economic system, many people work in _______ jobs. -
✅government
The _______ is the price at which the number of products that businesses are willing to supply
equals the number of products consumers are willing to purchase at a point in time. -
✅equilibrium price
When apple introduced the iPad the price of and demand for net books and notebooks were high.
As a result, -
✅
Is the study of how resources are distributed for the production of goods and services within a social
system -
✅Economics
The Sarbanes-Oxley Act was passed to -
✅protect shareholders, employees, and the public from accounting errors and financial fraud
Is the extent to which businesses meet the legal, ethical,economic and voluntary responsibilities
placed on them by their stakeholders. -
✅corporate citizenship
What is the act of an employee exposing an employer's wrongdoing to outsiders? -
✅whistleblowing
Consumers vote against firms they view as socially irresponsible by not -
, ✅buying the company's products.
Studies have found a direct link between social responsibility and ______ in business -
✅profitability
A trade advantage with the best chance of surviving is one based on -
✅a monopoly of a resource
When a country devalues its currency, this encourages the sale of its -
✅domestic goods to foreign countries
A group of nations or companies that band together to act as a monopoly is known as a -
✅cartel
Which of the following makes a short-term loans to member countries with trade deficits and
provides foreign currencies to member nations? -
✅International Monetary Fund
Why was the World Bank formed? -
✅To loan money to underdeveloped and developed countries
Which of the following is not a source of funds for a sole proprietorship? -
✅selling stock or issuing bonds
Which of the following is a disadvantage of a partnership? -
✅unlimited liability
An important advantage of a corporation is its -
✅limited liability
The organizational form that many consider to be a blend of the best characteristics of corporations,
partnerships, and sole proprietorships is the -
