BUSA CHPT 1-6 Study guide – Flashcards

Starting a business always involves...

___ is a measure of the general well-being and satisfaction derived from a variety of factors including political freedom, safety, education, and a clean environment.

The number of businesses owned by Hispanics and Asians has:

____Is/are the external and internal circumstances that surround the business.

Taxes and government regulations are part of the_____environment of business

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

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

Greening refers to:

Healthcare, insurance, recreation and other intangible products are provided by the:

The new era of business is likely to be dominated by the:

Entrepreneurs way the differences between the benefits of starting a business and those things that they are likely to forgo because they choose to work for themselves. Such things they are likely to pass up on are:

Contemporary government business development by:

In order to complete well and gain market share, contemporary businesses are changing to be more____

Maintaining a competitive vantage is very important to the success of today's businesses. All of the following strategies will help affirming competitive, except:

The immigrant population (both legal and illegal) is having a dramatic effect on:

Resource development is:

Under capitalism:

There are some restrictions on freedom of assembly and freedom of speech under a____system

Brain drain has occurred in many socialistic nations because:

Communism is an economic system in which:

The social and economic goal of____include private ownership of land and business

The four basic types of unemployment are frictional, structural, seasonal, and

____Unemployment or first person to purposefully quit their jobs and have not yet found a new job

____Refers to a general rise in the price level of goods and services overtime

In recent years, US manufacturing sector has experienced____productivity

The markets for laundry detergent, soft drinks, and Automobiles are dominated by just a few sellers. Economists would classify these markets as examples of

One of the benefits of a free market is that:

____In the service sector has not shown significant improvement that it has in the manufacturing sector. There are significant advances in the quality of service, but workers in the sector are unable to increase the number of persons served in a given time period

Which of the following statements about government deficit spending is most accurate?

Which of the following statements about the Federal Reserve Bank (the Fed) is most accurate?

Is the basis for most global trade today true or false

Comparative advantage theory states that a country should sell to other countries bills products that it produces most efficiently and buy from other countries those products it cannot produce as efficiently true or false

Contract manufacturing is a low-cost way for GAP to outsource the production of its clothing designs true or false

Under a system of floating exchange rates, the value of a countries currency is determined by government regulation true or false

If a protective tariff is placed on and imported products, the added cost will go to theGovernment true or false

China's one party political system, it's past human rights abuses, and issues related to counterfeiting of products continue to concern some US firms about doing business they're true or false

First engineering, a large US-based mechanical engineering firm, is considering entering the global market. Upon careful analysis of the global market, they will find that global trade

Dabble corporation wants to begin exporting it's a product. The company needs advice about how to get started, as well as trade-finance support. The federal government has a stylist____to help companies like dabble corporation

Casey is typical of many US business people. Casey feels the US culture defines the model for the rest of the world, and that the "American way" of doing things is the best. Casey is guilty of:

A _____ tariff is designed to raise the price of imported products so that the mystic goods or more competitively priced

______Differences such as insufficient electrical power and transportation systems can present a special problems for US firms when attempting to enter global markets

Traders in the 18th century were encouraged to focus on selling their nations good in the global market to create a favorable balance of trade. Nations attempted to sell more goods to other nations than they bought from other nations. This approach to global trading is called:

Although embargoes are enacted upon both imports and exports, this form of trade protectionism is often the result of:

Although it has experienced persistent social unrest, multinationals have shown interest in Russia due to:

As surgical procedures become extremely costly (upwards of $100,000 per surgery), which of the following health benefits strategies is being considered, it's not implemented, American companies? According to the making ethical decisions box:

Ethically behavior requires more than following the law true or false

Trying to make decisions that will benefit all parties involved is consistent with the question how will it make me feel about myself? True or false

The green movement has resulted in a positive impact on USA jobs true or false

According to the reaching beyond our Borders box, corporate ethics can plan a cultural ethics, especially in global business true or false

In the reaching beyond our borders box, the story demonstrates the many ethical similarities between north and south American businesses. This is fortunate for large firms that do business south of the US border. They can depend on their subsidiary firms to have no problems when implementing US company employee policies true or false

Well speaking with the sales force, the director of sales explains, "anyone caught violating the sales law will be fired."after studying business ethics, you recognize this to Mark as a reference to the firms____ethics.

John was recently hired by backstreet. At the beginning of the first day on the job, you store manager handed him a small booklet consisting of company rules. He was asked to read it and sign and submit the last page, before starting work. Other things, the rules explicitly discussed reprimands for grievous behavior and dismissal if the firm to prove that the employee was stealing product from the store this booklet represented the____ of the store

The position of her and takes on issues that affect the corporation as well as society is known as its:

Some critics of corporate social responsibility of you spending money on CSR as:

Many businesses have developed internal procedures to enforce their ethical policy which of the following is an example of an outside group urging ethical behavior and businesses?

The social audit is:

Before it was publicly known the IBM was going to take over Lotus Development, and IBM secretary told her husband, who told to coworkers, who told friends, relatives, business associates, and even a pizza delivery man. A total of 25 people received information and treated on this tip to make a profit. These people were:

Blake Mycoskie started a shoe business known as TOMS. As a social entrepreneur, Mr. Mike Roskelley takes the concept of____to a new level. TONS social causes are directly related to the firms expertise: selling shoes

Idle time gaming, Inc., Would like it's employees, customers, and the general public to be aware of the activities and programs it has achieved for the community over the past year. The company might consider performing a:

International issues of social responsibility and behavior are:

Rocky roads is convinced that he has a great idea for new business. Unfortunately, the type of business he wants to start would require a fairly high initial investment and Rocky has a poor credit rating and very little personal wealth. Rocky would be unlikely to find success if you organize his business as a sole proprietor ship. True or false

All partners in a general partnership had limited liability for the debts of their firm. true or false

I need your objective of limited liability partnership's (LLPs) is to limit each partners personal liability to the consequences of their own acts and those are people under their supervision true or false

Limited partnership refers to a partnership set up for a temporary purpose, such as a real estate development project. True or false

Stockholders in a corporation interest control over the companies daily operations to managers selected by the Board of Directors to run the company. True or false

Domestic corporation does business in the state in which it's chartered. True or false

If you want to sell your ownership in a publicly traded corporation, you find someone willing to buy your shares. True or false

Text solutions, Inc., And manufacture of laptops, is considering a merger without tell, leading producer of microprocessors and other computer chips. Text solution believe such a merger would give them a guaranteed source of needed components and enable them to have better control over quality if this merger occurs it would be an example of a horizontal merger true or false

In the adapting to change box, additional franchising is an impossible feat and could not be successful. True or false

Jocelyn belongs to a food cooperative in her community. As a member, she can expect to have a bow in the election of the cooperatives Board of Directors. True or false

To many business people, one of the major attractions of a sole proprietor ship is:

The limited liability provided to limited partners means that they are not responsible for the deaths of the business beyond:

Double taxation means:

One reason that companies participate in mergers and acquisition's is:

Foreign investment in US companies continues to be strong. When Belgian-based in-Bev purchased the largest beer company in the US, Anheuser-Busch, this action constituted a____width of negotiated selling price of $52 billion

Most entrepreneurs prefer working for someone else true or false

And entrepreneurialteam is a group of experienced managers who share the same skills and abilities. True or false

Entrepreneurs are well advised to avoid starting businesses in the same market in which they were previously employed. True or false

As opposed to venture capitalists, angel investors preferred to target their investments in new friends requiring large sums of money. True or false

Apples smart team is an example of a firm that succeeded by:

Keaton is an Intrapreneur for a multinational electronics company. As an intrapreneur Keaton:

For prospective entrepreneurs, enrolling in an introduction to business or small business management course offered to their community college:

Successful small business owners are:

When starting a small business, it's important to remember:

A____is a written document that details the business idea, the target market in the business is competitive advantage, financial resources available for the business, location of the management.

Which of the following government agencies for encouraging the development of business?

Which of the following is not recommended source of small business advice for persons contemplating a new business?

And meets three employees have been with him since he started employment recruiters, Inc., Nearly 10 years ago. He contemplates the stuffing for his new branch office, he senses that none of these three are ready to manage the office. Faced with this difficult situation, he should:

Antoine is considering marketing his bicycles in Brazil. If he enters the Brazilian market, he is likely to learn that____