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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