Question 1

A demand curve shows the relationship between the:

Accepted Answer

A)  price of a product and the quantity that consumers are willing to buy. 
B)  price of a product and the quantity that producers are willing to sell. 
C)  income of consumers and the quantity of a product that consumers are willing to buy. 
D)  income of consumers and the quantity of a product that producers are willing to sell. 
A)  price of a product and the quantity that consumers are willing to buy. 
B)  price of a product and the quantity that producers are willing to sell. 
C)  income of consumers and the quantity of a product that consumers are willing to buy. 
D)  income of consumers and the quantity of a product that producers are willing to sell.

Question 2

Economists study the interactions between households and businesses and look at the ways in which the factors of production are combined to produce the goods and services that people need.

Accepted Answer

A) True 
 B)False

Question 3

Museums and almost all colleges and universities are not-for-profit organizations.

Accepted Answer

A) True 
 B)False

A demand curve shows the relationship between the:

Economists study the interactions between households and businesses and look at the ways in which the factors of production are combined to produce the goods and services that people need.

Museums and almost all colleges and universities are not-for-profit organizations.

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

A demand curve shows the relationship between the:

Economists study the interactions between households and businesses and look at the ways in which the factors of production are combined to produce the goods and services that people need.

Museums and almost all colleges and universities are not-for-profit organizations.

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