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100
India limits the amount of imported wheat products to protect its own industry. This is an example of which international trade barrier?
Quotas
100
John is responsible for processing applications submitted by applicants. He is performing which level of management?
Mid-management
100
If a country is in a civil war and its government changes abruptly, this is an example of which factor that influences international currency exchange?
Political stability
100
A manufacturing company partnered with Rex Hospital to provide workshops about moving more at work. Which social responsibility did the company address?
Employee wellness
100
Jim solicited feedback from Jack, who is one of his employees, about a new display case. This is an example of which style of management?
Strategic
200
Josh conducts orientations to inform new employees about available benefits. Which human resources manager activity does he perform?
Management of compensation methods
200
Due to decreasing enrollment in a local school system, fewer teachers as employees are needed. As a result, over 100 teachers were released from their commitments. This information would be useful for which measurement of economic activities?
Labor activities
200
Department stores report monthly to the state commerce office its total sales of goods and services. This information would be useful for which measurement of economic activities?
Consumer spending
200
Both Bob and Jeri contributed to the expansion of their business to sell more brands of tires. They both experienced which ADVANTAGE of a partnership over a sole proprietorship?
More capital available
200
A report covering several quarters about the economy includes that more companies are experiencing record high production and adding new employees. Also, wages and the rate of GDP are increasing significantly. Which phase of the business cycle does this report describe?
Prosperity
300
Smart Tech Hardware Co. buys materials such as wood, plastic, and fabric in order to create office furniture to be sold worldwide. What type of production is performed?
Manufacturing
300
Revlon, Inc. use tow mowers that will automatically pick up pallets from the assembly lines and move them to the warehouse. This is an example of what type of technology application?
Robotics
300
What is the market price for a bottle of perfume using the following figures?
$38
300
An organization assisted two countries on settling a trade disagreement on the amount of bananas to be traded. This action is an example of assistance provided by which international trade organization?
World Trade Organization
300
Lena trained several employees on how to process financial statements using the new software. These employees use to process reports manually for almost seven years. This is an example of what type of concern for using technology?
Employment trends
400
Java’s trademark of letters and design receives which government service?
Intellectual property protection
400
Which is an example of production planning for personnel?
Employees are needed for manufacturing a new product.
400
While conducting business in Japan, Shari adjusted her gift-giving practices to accommodate her Japanese business-partners. Which main factor of the international business environment did Shari consider?
Cultural influences
400
Due to the high volume of travelers visiting the United Kingdom, the country has set up duty-free shops in highly visited areas. This is an example of which encouragement of international trade?
Free-trade zone
400
Cheng processed reports on his computer that will allow his manager to make decisions about the amount of brake pads and oil to order from the warehouse. This is an example of what type of technology application?
Management information system
500
The North American Free Trade Association (NAFTA) eliminates tariffs and embargoes among its members while trading goods and services. This is an example of which encouragement of international trade?
Free-trade agreement
500
Even though a company may sell shares of stock, it relies on a central body of people for financial directions. This is an example of what type of business?
Corporation
500
Tami prefers working alone in her auto body shop and being in control of the daily activities. This type of business ownership ADVANTAGE over corporation is:
control of decisions.
500
In a hypothetical economy, only 40 people were included and 15 pizzas were produced last year at $7 dollars each. This information would be useful for which measurement of economic activities?
GDP per capita
500
Century Company sells filters to Shure Electronics that cut the filters in order for them to be placed into microphones during final production at a later time. What type of production is performed?
Processing