Unit 1 and 2
In what type of organizations do those at the top of the chain have more information and power than those at the bottom?
A. Hierarchical
B. Flatarchy
C. Dominarchy
D. Non-Hierarchical
A. Hierarchical
Which of these should be included on a resumé?
A. Letters of Recommendation
B. Description of past jobs held
C. Grade Point Average for Middle School
D. Position played on high school sports team
B. Description of past jobs held
What economy is based on cultural and traditional values is common among isolated and developing regions of the world?
A. Backward
B. Command
C. Traditional
D. Vertical
C. Traditional
What part of the US Department of Labor implements and enforces safety standards for hundreds of industries?
A. the Internal Revenue and Safety Administration (IRSA)
B. the Environmental Protection Agency (EPA)
C. the Occupational Safety and Health Administration (OSHA)
D. the Food and Drug Administration (FDA)
C. the Occupational Safety and Health Administration (OSHA)
Where can a country formally complain about another nation’s trade policies and practices and work toward resolution?
A. INTERPOL
B. World Trade Organization
C. United Nations
D. International Red Cross
B. World Trade Organization
What is it called when one person owns or manages a business?
A. Entrepreneurial Endeavor
B. Sole Proprietorship
C. Independent Ownership
D. Mutual Management
B. Sole Proprietorship
What is the difference between an internship and job?
A. An internship is temporary and a job is not.
B. An internship generally pays more than a job.
C. An internship requires less collaboration than a job.
D. An internship requires more professional experience than a job.
A. An internship is temporary and a job is not.
What two countries still maintain tightly controlled command economies today?
A. Cuba and North Korea
B. Libya and Greece
C. Brazil and Argentina
D. Indonesia and Japan
A. Cuba and North Korea
What federal agency exists in order to protect workers from discrimination in the workplace?
A. the Civil Rights Continuum Commission (CRCC)
B. the Non-Discriminate Labor Agency (NDLA)
C.the Equal Employment Opportunity Commission (EEOC)
D. the Worker Protection Agency (WPA) "
C.the Equal Employment Opportunity Commission (EEOC)
We refer to the physical limit of raw materials, equipment, and labor needed to produce a limited number of products?
A. Resource Loss
B. Scarce Resources
C. Limited Product
D. Wants and Needs
B. Scarce Resources
What business ownership issues shares which represents a percentage of ownership in the company?
A. Partnership
B. LLC
C. Corporation
D. Co-Op
C. Corporation
When goods go straight from the place that they are manufactured to the public this is called:
A. product direct
B. Manufacturer Direct
C. Wholesale Direct
D. Factory Direct
D. Factory Direct
What is an example of an item that tends to be inelastic due to the fact that people have a constant need for this item?
A. Gasoline
B. Luxury Vehicles
C. Jewelry
D. Coolers
A. Gasoline
If a business sells goods, it is necessary for that business to collect what kind of taxes?
A. Sales Tax
B. Health Taxes
C. Criminal Taxes
D. Profit Taxes
A. Sales Tax
Julia is worried that her computer has been affected by malware. What should she purchase?
A. malicious counterattack software
B. Anti-Virus Software
C. Pro-Virus Software
D. Anti-Infection Software
B. Anti-Virus Software
Which is an example of an intangible product?
A. Movie Streaming
B. Blended Coffee
C. Deli Sandwich
D. Wooden Desk
June owns a business that buys products in bulk and distributes them to other businesses, which would make her a:
A. Wholesaler
B. Advertiser
C. Materials Man
D. Intermediary
A. Wholesaler
What best refers to an individual’s closely-held beliefs about which personal behaviors are acceptable or unacceptable?
A. Ethics
B. Morals
C. Legal
D. Protocol
B. Morals
During what period of time in history did unions begin to form due to dangerous working conditions and shifts (15hrs)?
A. The Industrial Revolution
B. The Great Depression
C. The Holocaust
D. The Vietnam War
A. The Industrial Revolution
What data protection technique can prevent most criminals from hacking into networks?
A. Padlocks
B. Firewalls
C. Malware
D. Cryptovirology
B. Firewalls
Which scenario BEST represents a matrix organizational structure?
A. a manufacturing company with separate divisions for each product line
B. a retail business where each department has its own manager and staff
C. a consulting firm where employees report to three different people
D. a family-owned restaurant where the owner oversees all operations
C. a consulting firm where employees report to three different people
The total value of goods and services produced by a country in a year is called what:
A. in stock
B. inventory
C. GDP(Gross Domestic Product)
D. factory
C. GDP(Gross Domestic Product)
What 1938 legislation regulates some aspects of employment rights—including passing rights to take breaks on the job?
A. Fair Labor Standards
B. Environmental Protection Act
C. Employee Tariff Act
D. Risk Management Act
A. Fair Labor Standards
What agency is responsible for making sure that taxes are collected and every tax form is accurate?
A. the Tax Criteria Regulators
B. the Tax Collection Unit
C. the Internal Revenue Service
D. the Federal Financial Agency
C. the Internal Revenue Service
An online retailer wants to improve responsiveness to customer demand and operational efficiency. What element is best?
A. At-A-Glance Visuals
B. Real-Time Data
C. Customizable Views
D. Benchmarks and Goals
B. Real-Time Data