Skills
The owner of a company would like to raise money for expansion by selling stock in the business. To do this, they would need to:
Offer a franchise
Have unlimited liability
Form a corporation
Form a partnership
Form a corporation
When the price of premium gasoline increased to $3.75 a gallon, Joseph bought regular gasoline instead, because it cost $2.97 a gallon. This is an example of:
a buyer's market
a price ceiling
the market clearing price
4. the substitution effect
the substitution effect
Which of the following is an example of a direct channel of distribution for consumer goods:
Producer to wholesaler to retailer to consumer
Producer to agent to retailer to consumer
Producer to retailer to consumer
Producer to consumer
Producer to consumer
The tools used by a mechanic to tune a car are:
A. Human resources
B. Consumer goods
C. Capital goods
D. Natural resources
C. Capital goods
What is the date and the location of the Super Bowl?
Sunday, February 9th
New Orleans, LA
Task utility is about making changes to the characteristics of a:
project
job
good
Service
Service
Consumers and businesses by everything they own from:
specialty shops
chain stores
independent merchants
trade industries
trade industries
A producer feels that a retailer is not marketing its product to final consumers aggressively enough. This is an example of:
Horizontal conflict
Chargebacks
Vertical conflict
Sanctions
Vertical conflict
Coola Cola is a leading brand of soft drink in Istanbabwe. The leading brand of potato chips there is Crumbles. In preparing Coola Cola’s new market-share strategy, what type of competition would management consider Crumbles to be?
Indirect
Franchise
Wholesale
Direct
Indirect
What are the two teams going to the Super Bowl?
Kansas City Chiefs & Philadelphia Eagles
In a market economy, what consumers want and need helps to answer the basic economic question of:
how products will be allocated
who will do the production
what products will be produced
how products will be produced
what products will be produced
Which of the following examples best illustrates cheating:
using paid work time to read your favorite sports websites
pretending to be a consumer to gain competitors information
downloading movies illegally online
taking credit for your co-workers idea
pretending to be a consumer to gain competitors information
Which of the following is one type of information needed to compute the gross profit of a business:
Income from sales
Operating expenses
Net profit
Market share
Income from sales
Businesses are responsible for providing employees with a quality of work life that encourages:
Friendship
Recreation
Retirement
Productivity
Productivity
Who is performing at the halftime show for the Super Bowl?
Kendrick Lamar
A commercial building would be classified as a(n):
part
piece of equipment
supply
installation
Installation
Neil has a coworker who doesn't think that bribery is wrong. The coworker is from another culture where bribery is much more accepted, and they try to convince Neil that it isn’t a big deal. Neil is facing an ethical dilemma because of:
a lack of consequences
conflicting values
transparency
greed
conflicting values
In a private enterprise economic system, consumers can choose from a variety of products as a result of:
The collection of taxes
Inflation
Limited government control
Competition
Competition
Which of the following has a major effect on demand for products:
Product utility
Labor costs
Production costs
Government regulations
Product utility
Who is 'Luther' in Kendrick Lamar's song?
Luther Vandross
What is one of the main reasons why small businesses are strongly promoted and supported by the local government?
they become a big business
they are important to the economy
they serve only their local communities
they are owned by one person
they are important to the economy
What is the first step you should take when resolving an ethical dilemma?
reflect on the outcome
consider all your potential actions
figure out who's affected
identify the dilemma
identify the dilemma
Which of the following situations represents a noneconomic activity:
Working at a restaurant
Buying gasoline for a lawn mower
Thinking of things to do
Trading in a car
Thinking of things to do
February, according to DECA, is...
Career & Technical Education Month
When I hear music, it makes me dance
You got the music, now is your chance.
Where is lyric from?
Squabble up