Posted by Heather on Monday, January 23, 2012 at 12:47pm.
11. Often, the _______ the risk, the _______ the rewards.
A. higher; higher C. higher; lower
B. lower; higher D. faster; quicker
12. When the government of Indonesia imposes a tax on imported electronics products to
help its young electronics industry compete in the global marketplace, itís imposing
a/an _______ on foreign electronics products.
A. import quota C. embargo
B. protective tariff D. revenue tariff
13. Typically, the quantity of products people are willing to buy will _______ when prices
A. increase; increase C. decrease; increase
B. stay the same; increase D. increase; stay the same
14. The _______, created in 1995, is assigned the task of mediating international trade
A. EU C. GATT
B. WTO D. NAFTA
15. In general, a person who owns and operates his or her own business can be thought of
A. entrepreneur. C. gambler.
B. manager. D. pioneer.
16. Consider two used-car dealers: Bobís Better Wheels and Dewey, Cheatum, and Howe
Motors. Their prices are basically the same for similar vehicles even as their advertising
screams that their products are different. Which kind of competition is going on here?
A. Perfect competition C. Monopolistic competition
B. Monopoly D. Oligopoly
17. Americans are often accused of being ethnocentric. This means that
A. Americans welcome diversity in their work force.
B. Americans feel their culture is superior to other cultures.
C. U.S. firms are actively seeking international markets.
D. U.S. businesses are pursuing a policy of multiculturalism.
18. Uniform product codes are also known as
A. bar codes.
B. product numbers.
C. customer service standards.
D. basic product quality standards
19. Which of the following about a capitalist system is correct?
A. It guarantees the success of almost any business.
B. Itís one in which the factors of production are owned by the government.
C. It relies on honesty, integrity, and high ethical standards.
D. It isnít substantially damaged by unethical business behavior.
20. Among developed nations, the United States is typical in that it has a _______
A. mixed C. command
B. socialist D. free market
15. A or B but i think its A
18. either A or B but i believe A
Answer this Question
More Related Questions
- Business management class - Often, the _______ the risk, the _______ the rewards...
- Business - 11. Often, the _______ the risk, the _______ the rewards. A. higher; ...
- Dynamics of Business - 11. Often, the _______ the risk, the _______ the rewards...
- Business management class - When the government of Indonesia imposes a tax on ...
- Economics - ďThe strength of the GDP data only highlighted the diverging views ...
- Economic - Relative to a stock, a bond provides a a.higher dividend. b.lower ...
- math - . Ms. Alison drew a box-and-whisker plot to represent her studentsí ...
- Science - Is it that the higher or lower the gradient, the steeper a distance is...
- Math - Ms. Allison drew a box-and-whisker plot to represent her students scores ...
- Solid State Chemistry - Which molecule ( KI or LiF ) has the higher boiling ...