Question 1

Which of the following is not one of the four states in a business cycle?

Accepted Answer

A)  Peak 
B)  Recession 
C)  Trough 
D)  Recovery 
E)  Deficit 
A)  Peak 
B)  Recession 
C)  Trough 
D)  Recovery 
E)  Deficit E

Question 2

A system of exchange in which goods or services are exchanged without using money is called

Accepted Answer

A)  a barter system. 
B)  free enterprise. 
C)  monetary policy. 
D)  fiscal policy. 
E)  monopolistic competition. 
A)  a barter system. 
B)  free enterprise. 
C)  monetary policy. 
D)  fiscal policy. 
E)  monopolistic competition. A

Question 3

So You Think You Know Business?
(Answer the following questions to see how much you really know.)
-What company today was originally named the Computer-Tabulator-Recorder Company (C-T-R)?

Accepted Answer

IBM

Question 4

So You Think You Know Business?
(Answer the following questions to see how much you really know.)
-In what city was America's first stock exchange located?

Accepted Answer

The answer of So You Think You Know Business?
(Answer the...

Question 5

So You Think You Know Business?
(Answer the following questions to see how much you really know.)
-Since 1954, three companies have been No. 1 on America's Fortune 500 list several times. They are:

Accepted Answer

General Mo

Question 6

So You Think You Know Business?
(Answer the following questions to see how much you really know.)
-What fast-food chain founded in 1964 was named for brothers Forrest and LeRoy Raffel?

Accepted Answer

Arby's. Th

Question 7

So You Think You Know Business?
(Answer the following questions to see how much you really know.)
-Reebok is Turkish for "fleet of foot."

Accepted Answer

A) True 
 B)False

Question 8

Approximately one-third of our nation's total production consists of consumer products.

Accepted Answer

A) True 
 B)False

Question 9

Free enterprise is a system of business in which individuals decide what to produce and how to produce it.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is not one of the four resources used by business today?

Accepted Answer

A)  Material 
B)  Informational 
C)  Governmental 
D)  Financial 
E)  Human 
A)  Material 
B)  Informational 
C)  Governmental 
D)  Financial 
E)  Human

Question 11

The business cycle consists of two or more consecutive three-month periods of decline in a country's GDP.

Accepted Answer

A) True 
 B)False

Question 12

The separation of a manufacturing process into distinct tasks is referred to as

Accepted Answer

A)  barter. 
B)  specialization. 
C)  a factory system. 
D)  a domestic system. 
E)  an economy of scale. 
A)  barter. 
B)  specialization. 
C)  a factory system. 
D)  a domestic system. 
E)  an economy of scale.

Question 13

A market situation in which there are many buyers and sellers of a product and no single buyer or seller can control the price is

Accepted Answer

A)  an oligopoly. 
B)  a monopolistic marketplace. 
C)  a monopoly. 
D)  pure competition. 
E)  a laissez-faire market. 
A)  an oligopoly. 
B)  a monopolistic marketplace. 
C)  a monopoly. 
D)  pure competition. 
E)  a laissez-faire market.

Question 14

Less than 65 percent of small businesses fail within the first ten years.

Accepted Answer

A) True 
 B)False

Question 15

So You Think You Know Business?
(Answer the following questions to see how much you really know.)
-What did the term "buck" originally refer to?

Accepted Answer

Deerskins, which wer

Question 16

The definition of a service economy is an economy in which more effort is devoted to the production of goods to be used for services.

Accepted Answer

A) True 
 B)False

Question 17

A general rise in the level of prices is called

Accepted Answer

A)  free enterprise. 
B)  inflation. 
C)  gross domestic product. 
D)  depression. 
E)  monopoly. 
A)  free enterprise. 
B)  inflation. 
C)  gross domestic product. 
D)  depression. 
E)  monopoly.

Question 18

Before leaving England, __________ memorized the plans for a water-powered spinning ma-chine and set up a textile plan in Pawtucket, Rhode Island.

Accepted Answer

A)  Eli Whitney 
B)  Franklin Roosevelt 
C)  Samuel Slater 
D)  Mark Cuban 
E)  Cyrus McCormick 
A)  Eli Whitney 
B)  Franklin Roosevelt 
C)  Samuel Slater 
D)  Mark Cuban 
E)  Cyrus McCormick

Question 19

Walmart and Target are often referred to as marketing intermediaries.

Accepted Answer

A) True 
 B)False

Question 20

So You Think You Know Business?
(Answer the following questions to see how much you really know.)
-The air conditioner was developed by Willis Carrier in 1902. Its original purpose was not to cool homes. What was its purpose?

Accepted Answer

To remove humidity f

Which of the following is not one of the four states in a business cycle?

A system of exchange in which goods or services are exchanged without using money is called

So You Think You Know Business? (Answer the following questions to see how much you really know.) -What company today was originally named the Computer-Tabulator-Recorder Company (C-T-R)?

So You Think You Know Business? (Answer the following questions to see how much you really know.) -In what city was America's first stock exchange located?

So You Think You Know Business? (Answer the following questions to see how much you really know.) -Since 1954, three companies have been No. 1 on America's Fortune 500 list several times. They are:

So You Think You Know Business? (Answer the following questions to see how much you really know.) -What fast-food chain founded in 1964 was named for brothers Forrest and LeRoy Raffel?

So You Think You Know Business? (Answer the following questions to see how much you really know.) -Reebok is Turkish for "fleet of foot."

Approximately one-third of our nation's total production consists of consumer products.

Free enterprise is a system of business in which individuals decide what to produce and how to produce it.

Which of the following is not one of the four resources used by business today?

The business cycle consists of two or more consecutive three-month periods of decline in a country's GDP.

The separation of a manufacturing process into distinct tasks is referred to as

A market situation in which there are many buyers and sellers of a product and no single buyer or seller can control the price is

Less than 65 percent of small businesses fail within the first ten years.

So You Think You Know Business? (Answer the following questions to see how much you really know.) -What did the term "buck" originally refer to?

The definition of a service economy is an economy in which more effort is devoted to the production of goods to be used for services.

A general rise in the level of prices is called

Before leaving England, __________ memorized the plans for a water-powered spinning ma-chine and set up a textile plan in Pawtucket, Rhode Island.

Walmart and Target are often referred to as marketing intermediaries.

So You Think You Know Business? (Answer the following questions to see how much you really know.) -The air conditioner was developed by Willis Carrier in 1902. Its original purpose was not to cool homes. What was its purpose?

Ethics and Social Responsibility in Business

Global Business

Choosing a Form of Business Ownership

Small Business, Entrepreneurship, and Franchises

Understanding the Management Process

Creating a Flexible Organization

Producing Quality Goods and Services

Attracting and Retaining the Best Employees

Motivating and Satisfying Employees and Teams

Building Customer Relationships Through Effective Marketing

Creating and Pricing Products That Satisfy Customers

Distributing and Promoting Products

Exploring Social Media and E-Business

Using Management and Accounting Information

Mastering Financial Management

Filters

Exam 1: Exploring the World of Business and Economics

Which of the following is not one of the four states in a business cycle?

A system of exchange in which goods or services are exchanged without using money is called

So You Think You Know Business? (Answer the following questions to see how much you really know.) -What company today was originally named the Computer-Tabulator-Recorder Company (C-T-R)?

So You Think You Know Business? (Answer the following questions to see how much you really know.) -In what city was America's first stock exchange located?

So You Think You Know Business? (Answer the following questions to see how much you really know.) -Since 1954, three companies have been No. 1 on America's Fortune 500 list several times. They are:

So You Think You Know Business? (Answer the following questions to see how much you really know.) -What fast-food chain founded in 1964 was named for brothers Forrest and LeRoy Raffel?

So You Think You Know Business? (Answer the following questions to see how much you really know.) -Reebok is Turkish for "fleet of foot."

Approximately one-third of our nation's total production consists of consumer products.

Free enterprise is a system of business in which individuals decide what to produce and how to produce it.

Which of the following is not one of the four resources used by business today?

The business cycle consists of two or more consecutive three-month periods of decline in a country's GDP.

The separation of a manufacturing process into distinct tasks is referred to as

A market situation in which there are many buyers and sellers of a product and no single buyer or seller can control the price is

Less than 65 percent of small businesses fail within the first ten years.

So You Think You Know Business? (Answer the following questions to see how much you really know.) -What did the term "buck" originally refer to?

The definition of a service economy is an economy in which more effort is devoted to the production of goods to be used for services.

A general rise in the level of prices is called

Before leaving England, __________ memorized the plans for a water-powered spinning ma-chine and set up a textile plan in Pawtucket, Rhode Island.

Walmart and Target are often referred to as marketing intermediaries.

So You Think You Know Business? (Answer the following questions to see how much you really know.) -The air conditioner was developed by Willis Carrier in 1902. Its original purpose was not to cool homes. What was its purpose?

Ethics and Social Responsibility in Business

Global Business

Choosing a Form of Business Ownership

Small Business, Entrepreneurship, and Franchises

Understanding the Management Process

Creating a Flexible Organization

Producing Quality Goods and Services

Attracting and Retaining the Best Employees

Motivating and Satisfying Employees and Teams

Building Customer Relationships Through Effective Marketing

Creating and Pricing Products That Satisfy Customers

Distributing and Promoting Products

Exploring Social Media and E-Business

Using Management and Accounting Information

Mastering Financial Management

Filters