Prologue
1. Holders of Bachelor’s degrees make what average per year? (P. p-3)
31500
51000
75000
None of the above
2. What percent of people enrolled in college today are 25 or older? (P. p-3)
17%
28%
39%
40%
3. Building a personal array of people you’ve met, spoken to, or corresponded with who can offer you advice about and even help with your career options is called…… (P. p-4)
Networking
Researching
Filing
Planning
4. Where is a good place at your school to begin reading about potential employers? (P. p-16)
Library
Placement bureau
Advisor’s office
Student lab
5. A document that lists information an employer would need to evaluate you and your back ground is…. (P. p-18)
Background check
Resume
Cover letter
Birth certificate
Chapter 1
6. Food, clothing, cars, computers, and appliances are what kind of tangible products? (P. 4)
Necessary
Goods
Services
None of the above
7. What is the best choice to call a person who risks time and money to start and mange a business? (P. 5)
Business person
Entrepreneur
Stockbroker
Investor
8. Which of these are factors of production for capitalism? (P.9)
Knowledge
Land
Labor
All of the Above
9. The capitalist system relies heavily on honesty, integrity, and what? (P. 13)
religion
High ethical standards
Spending
Courage
10. Services make up what percentage of the value of the U.S economy? (P. 21)
50
60
70
80
Chapter 2
11. What has a major influence of business in the United States? (P. 30)
Global economics
Global warming
Global ethics
Global war
12. The right to the freedom of choice is a foundation of what? (P. 35)
Communism
Capitalism
Realism
Marxism
13. What occurs when one seller controls the total supply of a product or service? (P. 39)
Oligopoly
Monopoly
Competition
Marketing
14. What occurs when some, if not most, basic businesses are owned by the government? (P. 40)
Capitalism
Communism
Socialism
None of the above
15. GDP stands for what? (P. 45)
Government designated product
Geographically designed product
Gross domestic product
Genetic disorder prediction
Chapter 3
16. The balance of which of the following is the difference between money coming into a country and money going out of the country? (P. 64)
Books
Payments
Economics
Marketing
17. Set of values, beliefs, rules, and institutions held by a group people called what? (P.72)
Church
School systems
Culture
Gangs
18. What country is rated the highest for corrupt business? (P. 75)
Chad
Somalia
Zimbabwe
Sudan
19. What is the exchange of merchandise for merchandise or service for service with no money traded? (P. 74)
Devaluation
Countertrading
Exchange rate
Bartering
20. Forrester Research estimates that how many U.S. jobs could be moved to global markets in the next 10 years? (P.82)
1 million
2 million
3 million
4 million
Chapter 4
21. Which of these is a basic moral value? (P. 92)
Integrity
Cheating
Cruelty
Cowardice
22. Which president proposed the four basic rights for consumers? (P. 100)
Obama
Roosevelt
Kennedy
Nixon
23. Employee fraud costs U.S. businesses approximately how much percent of annual revenue? (P. 102)
5
10
15
20
24. Bribery charges have been brought against which of these countries? (P. 105)
China
Japan
Italy
All of the above
25. Which company has outsourced the manufacture of its products to plants in other counties and has weathered much criticism for operating in low wage countries where child labor is common? (P. 106)
Sears
Reebok
Nike
Old Navy
Chapter 17
26. Accounting includes which of the following activities? (P. 456)
Classifying
Producing
Marketing
Manufacturing
27. The accounting cycle has how many steps? (P. 462)
2
4
6
8
28. What difference between money coming into and going out of a business? (P. 472)
Profit
Net profit
Cash flow
Debt
29. What are economic resources own by a firm referred to as? (P. 466)
Liquidity
Assets
Equity
Earnings
30. What is the language of business? (P. 476)
Accounting
Finance
Marketing
Management
Bonus Chapter B
31. Four characteristics of useful information include timeliness, relevance, completeness, and what? (P. b-6)
Quality
Quantity
Value
Interest
32. Wireless fidelity is also known as what? (P. b-12)
W-Fid
Wi-Fi
W-F
Wireless-F
33. Software that is free for the taking is what? (P. b-14)
Shareware
Hardware
Freeware
None of the above
34. An ongoing security threat is known as what? (P. b-16)
Hackers
Viruses
Firewalls
spam
35. Pieces of information sent by a website over the internet to a web browser are called what?
Snacks
Cake
Cookies
Pie