Eggs
Grits
Chicken
Fish
Chocolate
100
In the United States, public schools are usually funded by A. corporate taxes. B. tariffs on imported goods. C. local property taxes. D. tax-exempt donations
What is local property taxes.
100
Sandy and members of her team took turns randomly sketching and doodling on a piece of paper. Now, they are studying the doodles, trying to identify the shapes that they see, and determining how the shapes can be related to a particular product opportunity. Sandy and her team are using the __________ creative-thinking technique. A. synectics B. braindrawing C. free association D. starbursting
What is braindrawing
100
Which of the following is a primary factor that a business considers when positioning its corporate brand? A. Form utility B. Employees' expectations C. Target market D. Promotional budget
What is Target market
100
Major Company hired a fifth employee and production increased by 1,000 units per week, so it hired a sixth employee and production increased by an additional 900 units per week. What should the company expect to happen if it continues to hire more employees and does nothing to the work environment? A. Level of production will increase proportionately. B. Production per employee will fluctuate. C. Production per employee will become more stable. D. Production per employee will decrease.
What is Production per employee will decrease
100
If transfer payments were counted in calculating gross domestic product, the GDP would: A. appear to be greater than it actually is. B. appear to be less than it actually is. C. not include government spending. D. not be affected.
What is appear to be greater than it actually is
200
Which of the following is a characteristic of taxes? A. Restricted to businesses B. Levied by governments C. Encouraged by consumers D. Applied only to tangibles
What is Levied by governments
200
Which of the following is an example of product bundling? A. Business selling computer, printer, and scanner as a unit B. Garden shop discounting prices of seasonal merchandise C. Theme park charging admission and selling ride tickets D. Lumber company selling wood chips as small-animal bedding
What is Business selling computer, printer, and scanner as a unit
200
A company should consider the target market's needs and wants, when it A. develops its personal budget. B. achieves its short-term goals. C. positions its corporate brand. D. prepares its weekly expense reports
What is positions its corporate brand.
200
A person who quits one job and spends a short amount of time out of work while looking for a new position is an example of _____________________ unemployment. A. seasonal B. structural C. cyclical D. frictional
What is frictional
200
How does double counting affect the gross domestic product? A. It causes trade surpluses, which help the GDP. B. It decreases the GDP. C. It inflates the GDP. D. It causes economic declines, which hurts the GDP.
What is It inflates the GDP.
300
During economic fluctuations, taxes serves the purpose of _____________ the economy. A. destroying B. reducing C. expanding D. stabilizing
What is stabilizing
300
A primary reason for some businesses to bundle products is to: A. obtain referrals. B. increase sales quotas. C. control expenses. D. encourage long-term use.
What is encourage long-term use
300
Past sales records show that sales increased at a clothing store when a 10th rack of clothing was added to the store floor. However, when an 11th rack is added, sales increased by only 1%. In economics, this is explained by A. the private enterprise system. B. the concept of competition. C. the law of diminishing returns. D. economies of scale.
What is the law of diminishing returns
300
The best time for a business to purchase new equipment is when: A. job growth declines. B. consumer demand decreases. C. interest rates are low. D. the gross domestic product fails.
What is interest rates are low.
300
If transfer payments were counted in calculating gross domestic product, the GDP would: A. appear to be greater than it actually is. B. appear to be less than it actually is. C. not include government spending. D. not be affected.
What is appear to be greater than it actually is
400
Which of the following employees is a good source for obtaining new product ideas because s/he is in contact with customers on an ongoing basis? A. Graphic designer B. Tax auditor C. Sales representative D. Office manager
What is Sales representative
400
A characteristic of product bundling is that the price of the bundle usually is: A. adjusted based on the type of customers who purchase the bundle. B. intended to be the same as the prices set by competitors. C. high to reflect the quality and status of each product. D. lower than the combined price of the products sold separately.
What is lower than the combined price of the products sold separately
400
To calculate total revenue, a business multiplies the number of units sold by A. fixed costs. B. marginal revenue. C. average price per unit. D. marginal costs.
What is average price per unit.
400
Why do governments usually calculate the unemployment rate on a monthly basis? A. To detect changes in the economy B. To help workers find new jobs C. To determine which businesses are failing D. To prepare for receiving less tax money
What is To detect changes in the economy
400
What is one way that price stability indicates the condition of the economy? A. Increase in the money supply B. Reduction in taxes and spending C. Absence of inflation or deflation D. Decrease in consumer buying power
What is Absence of inflation or deflation
500
Which of the following is a source of businesses often consider when generating product ideas? A. Design costs B. Test results C. Customer complaints D. Promotional plans
What is Customer complaints
500
Target markets are important factors to consider when businesses are A. analyzing personnel reports. B. establishing their accounting systems. C. distributing budget information. D. positioning their corporate brands.
What is positioning their corporate brands.
500
According to the law of diminishing returns, continuing to hire additional employees will eventually cause the workers' individual production level to: A. decrease. B. level off. C. increase. D. remain unchanged.
What is decrease.
500
Fluctuations in interest rates often have an impact on the use of: A. tax incentives. B. credit. C. discounts. D. rebates.
What is credit
500
How many students in this class?
What is 13
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