2024 – Question 1 1 1 pts Emma bought an MP3 player and a portable DVD player These products are

Question 1

1 / 1 pts

Emma bought an MP3 player and a portable DVD player. These products are called goods because ________.

 

Question 2

1 / 1 pts

Profits allow a company to ________.

 

Question 3

1 / 1 pts

The economy of the United States is BEST described as ________.

 

Question 4

1 / 1 pts

Competition affects companies in all of the following ways EXCEPT ________.

 

Question 5

1 / 1 pts

Patricia owns a small electronics store in a rural area. She carries two different brands of weather radios that are equally priced. One model is selling well, but the other does not seem to be attracting customers. What should Patricia do?

 

Question 6

1 / 1 pts

Which of the following refers to an interconnected system of different demographic factors?

 

Question 7

1 / 1 pts

Which of the following problems is potentially posed by an aging population?

 

 

 

Question 8

1 / 1 pts

In a business environment, the term “minority” applies to more than just people of different ethnicities. Minority groups represent all of the following EXCEPT ________.

 

Question 9

1 / 1 pts

Addison wants her new t-shirt store to be environmentally friendly. With the concept of the green economy in mind, which of the following business initiatives would BEST make her business greener?

 

Question 10

1 / 1 pts

________ is the movement toward a more interconnected and interdependent world economy.

 

Question 11

1 / 1 pts

________ refers to a company’s choice to relocate its production facilities overseas or subcontract at least some of the components to foreign companies at low costs.

 

Question 12

1 / 1 pts

Which of the following is NOT an advantage of technology?

 

Question 13

1 / 1 pts

Who is legally responsible for protecting the privacy of consumer information that businesses store online?

 

Question 14

1 / 1 pts

Baby boomers are an unprofitable demographic target for businesses.

 

 

Question 15

1 / 1 pts

The WAWA chain of convenience stores has over 500 locations in five states in the mid-Atlantic region of the United States. WAWA is an example of ________.

 

Question 16

1 / 1 pts

Which of these characteristics is NOT applicable to a multinational company?

 

Question 17

1 / 1 pts

Humberto is a supply chain manager for a multinational company. Which of the following challenges should he be LEAST concerned about?

 

Question 18

1 / 1 pts

Local businesses are prone to bankruptcy because they are likely to be undercapitalized.

 

Question 19

1 / 1 pts

Keeping up with new technology is ________.

 

Question 20

1 / 1 pts

The physical products that a business offers are called ________.

 

Question 21

1 / 1 pts

The various resources used to create a company’s goods and services are collectively referred to as ________.

 

 

 

Question 22

1 / 1 pts

Which of the following would MOST likely happen to companies that are less efficient than their competitors?

 

Question 23

1 / 1 pts

Which of the following BEST enables all companies, regardless of size, to compete in the global market?

 

Question 24

1 / 1 pts

Robert wants to upgrade his real estate company’s computer systems. Which of the following factors of production would Robert find LEAST useful for his project?

 

Question 25

1 / 1 pts

Melinda is a store owner who buys items online to sell in her shop. Which of the following factors of production is BEST illustrated in Melinda’s use of the Internet?