Question 1

_____ is the study of the production, distribution and consumption of goods and services.

Accepted Answer

A)  Marketing 
B)  Economics 
C)  Inflation 
D)  Consumerism 
A)  Marketing 
B)  Economics 
C)  Inflation 
D)  Consumerism

Question 2

Macroeconomics is the study of the economic choices made by individual consumers or businesses.

Accepted Answer

A) True 
 B)False

Question 3

All of the following are best categorized as _____: the U.S. Postal Service, museums, and almost all colleges and universities.

Accepted Answer

A)  cultural institutions 
B)  natural monopolies 
C)  intermediaries 
D)  nonprofits 
A)  cultural institutions 
B)  natural monopolies 
C)  intermediaries 
D)  nonprofits

Question 4

When government-owned businesses convert to private ownership, they go through a process called _____.

Accepted Answer

A)  consumerization 
B)  socialization 
C)  domestication 
D)  privatization 
A)  consumerization 
B)  socialization 
C)  domestication 
D)  privatization

_____ is the study of the production, distribution and consumption of goods and services.

Macroeconomics is the study of the economic choices made by individual consumers or businesses.

All of the following are best categorized as _____: the U.S. Postal Service, museums, and almost all colleges and universities.

When government-owned businesses convert to private ownership, they go through a process called _____.

Business Ethics and Social Responsibility

Business in a Global Environment

Selecting a Form of Business Ownership

The Challenges of Starting a Business

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Teamwork and Communications

Marketing: Providing Value to Customers

Product Design and Development

Operations Management in Manufacturing and Service Industries

The Role of Accounting in Business

Managing Financial Resources

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters

Exam 1: The Foundations of Business

_____ is the study of the production, distribution and consumption of goods and services.

Macroeconomics is the study of the economic choices made by individual consumers or businesses.

All of the following are best categorized as _____: the U.S. Postal Service, museums, and almost all colleges and universities.

When government-owned businesses convert to private ownership, they go through a process called _____.

Business Ethics and Social Responsibility

Business in a Global Environment

Selecting a Form of Business Ownership

The Challenges of Starting a Business

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Teamwork and Communications

Marketing: Providing Value to Customers

Product Design and Development

Operations Management in Manufacturing and Service Industries

The Role of Accounting in Business

Managing Financial Resources

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters