What is an interest rate?
(1 point)
Responses
a loan add-on
a loan add-on
a required bank fee
a required bank fee
a service provided by a retail store
a service provided by a retail store
a special type of price
a special type of price
What would rising demand for a certain type of car most likely lead to?
(1 point)
Responses
lower interest rates for all types of vehicles
lower interest rates for all types of vehicles
lower interest rates for that type of car
lower interest rates for that type of car
higher interest rates for all types of vehicles
higher interest rates for all types of vehicles
higher interest rates for that type of car
higher interest rates for that type of car
Abigail and Lawrence were hired as customer service representatives the same week. They’ve now been at the job for seven months. Abigail consistently gets positive feedback on her calls, and her call volume is 30% higher than Lawrence’s. Lawrence has been given good feedback for the most part, though some customers have said he could be more helpful. Neither worker has management experience, though Abigail hopes she won’t be on the phones for more than another year.
Question
Use the passage to answer the question.
What is the most likely event that will take place in this situation?
(1 point)
Responses
Abigail will become Lawrence’s immediate supervisor.
Abigail will become Lawrence’s immediate supervisor.
Lawrence will be asked to give Abigail advice on helping customers.
Lawrence will be asked to give Abigail advice on helping customers.
Abigail will be given a raise, but Lawrence will not.
Abigail will be given a raise, but Lawrence will not.
Lawrence will be given a bonus for getting good feedback from his callers.
Lawrence will be given a bonus for getting good feedback from his callers.
Abigail will be given a raise, but Lawrence will not.
Which of these actions is an entrepreneur most likely to take?
(1 point)
Responses
develop and market a new product
develop and market a new product
begin working for a large corporation
begin working for a large corporation
ignore ways to solve economic problems
ignore ways to solve economic problems
specialize in just one type of task
develop and market a new product
Chris has been working at his job for five years. He likes it because it is challenging, but he wonders if he would be happier making all of the decisions for a company instead of having someone else make the decisions for him.
Question
Use the passage to answer the question.
Which non-monetary incentive of being an entrepreneur would likely most appeal to Chris?
(1 point)
Responses
having to find the best people for each job
having to find the best people for each job
being his own boss
being his own boss
gaining recognition for his efforts
gaining recognition for his efforts
keeping all of the company’s profits
being his own boss
The managers of Dragon Tree Gaming Inc. have found that their Game Guides, employees who act as real-time help for players, cannot keep up with large numbers of gamers at certain hours of the day. They want to keep attracting more gamers, but some employees have suggested a cap of the number of players during peak hours.
Question
Use the passage to answer the question.
Instead of turning away gamers, what could the company do to increase productivity and keep growing?
(1 point)
Responses
buy bigger desks for workers
buy bigger desks for workers
hire more Game Guides
hire more Game Guides
build a new lunchroom
build a new lunchroom
require health training for employees