Introduction To Business: The Ultimate Practice Exam

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Questions: 200 | Attempts: 402 | Updated: Mar 22, 2023

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Mar 22, 2023

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Jun 05, 2009

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Introduction To Business: The Ultimate Practice Exam

____________ is the amount a business earns over and above what it spends for salaries and other expenses.

__________ is the chance a business owner will lose the time and money invested in a business that proves to be unprofitable.

A(n) ____________ is a person who assumes the risk of starting a business.

Starting a business always involves a ________.

Often in business the greater the risk, the:

Last year, MacTeck Enterprises had total revenues of $34 million while its total expenses were $22 million. Based on this information, MacTeck:

A key characteristic of entrepreneurs is that they:

The standard of living for a nation's people depends mainly on:

In the past twenty years, the number of U.S. women business owners:

Which of the following statements about factors of production is the most accurate?

Nadine has started up a new printing business. The printers, computers, and copying machines she has leased are examples of:

The knowledge and skills students acquire in business courses will be useful to them:

Which of the following is a factor of production?

According to the Spotlight on Small Business box for Chapter 1, which of the following statements about starting small businesses in the United States is most accurate?

The most important difference between businesses and nonprofit organizations is that:

The number of businesses owned by Hispanics and Asians has:

In countries where businesses are government owned:

A review of the decision making process as to where to locate a new business venture suggests that:

According to Bloomberg Personal Finance magazine, one of the greatest threats to the U.S. economy is:

___________ means producing items with the least amount of resources.

All of the following policies would tend to foster entrepreneurship except:

The Internet and the emergence of an information based economy are important parts of the ___________ environment in which businesses operate

Employers provide tools and technology for their employees in order to:

All around the world, countries are trying to create more wealth by:

High tax rates tend to:

All of the following can increase labor's productivity except:

Taxes and government regulations are part of the ________________ environment of business.

The statistical study of human population to learn its size, density, and characteristics is called:

Which of the following statements about e-commerce is most accurate?

One result of the use of self-managed cross-functional teams has been:

An electronic storage file where firms keep customer information is known as a(n):

Population studies indicate that by the year 2050 ________ will be a slim majority of the U.S. population.

Companies that sell goods to consumers over the Internet are engaging in:

To be effective, empowerment will require lower-level workers to :

Successful businesses are keenly focused on their:

Empowerment requires that managers focus more on __________________ lower-level employees.

The series of lines on a product packaging that the cashier scans when you check out at a grocery store or discount store is called a:

Mark recently graduated with honors from his college. He has bragged to his friends that his fine academic performance has prepared him so well for a successful career that he can forget school or training in his future. In evaluating the workplace of the future, Mark is:

The book Generations at Work suggests that ________ are perceived by others as slackers, whiners, and rude

Those individuals born in the U.S. between 1946 and 1964 are referred to as:

Cooperation among firms from different nations is:

Which of the following best describes recent job growth in the service sector?

Currently, the richest group in the United States consists of people between the ages of:

In the current global environment, high quality products are produced:

People born in the U.S. between 1965 and 1980 are referred to as:

Tangible products such as computers, food, and cars are examples of:

The book Generations at Work suggests that ________ are perceived by others as self-righteous workaholics

The events of 9-11's terrorist attack initially caused:

The high cost of housing and the desire to “have it all” have contributed to a dramatic growth in: