Characteristics of Competence and Economics

Front

In a socialist economy, what determines how basic economic questions are answered?

Back

Government

Front

Kathy wants to know whether her boutique made or lost money this month. The financial document she should view is her:

Back

Income statement

Front

Ashlynn has the necessary knowledge and skill to do her job as a nurse. Which characteristic best describes Ashlynn?

Back

Competent

Front

What is the primary reason customers give for not returning to a business? Options: Lack of customer-service personnel, Lack of available parking, Lack of advertised merchandise, Lack of courtesy from salespeople

Back

Lack of courtesy from salespeople

Front

Bryan would like to send the same e-mail message to multiple people at once. He wants to save their e-mail contact information for future e-mail messages too. Which e-mail service should he use?

Back

distribution lists

Front

A characteristic of an economic service is that it is:

Back

Useful

Front

R & R Real Estate company buys errors and omissions liability insurance. What form of risk management is this?

Back

Transfer

Front

What is the name for markets with only a few sellers, such as markets for automobiles, pharmaceuticals, and oils?

Back

Oligopolies

Front

What is the amount of money paid for raw materials and products sold?

Back

Cost of goods

Front

Molly plans out each part of the operations process to ensure the right item is in the right place at the right time. What part of the operations function is this?

Back

Logistics