Principles of Business Review 6

The government can borrow money from the private sector in order to pay the costs of regulation by:

• setting prices.

• raising taxes.

• issuing bonds.

• selling licenses.

Which is an umbrella term referring to any type of Internet transaction?

• URL

• e-commerce

• e-business

• website

Which is a formatting characteristic of a full-block business letter?

• double-spacing within the paragraph

• no paragraph indents

• indented first paragraph

• using a right justification for all paragraphs

A primary reason that employers often consider hiring a person with internship experience is because it implies that the applicant possesses:

• a well-rounded educational background.

• the ability to work with financial data.

• traits such as initiative and commitment.

• a network of prospective sales contacts.

Several employees are facing the possibility of being laid off from work. By concluding that they should look for new jobs before that happens, they are:

• solving problems.

• doing research.

• asking questions.

• gathering information.

An important problem-solving skill for individuals to have is the ability to be:

• aggressive.

• objective.

• economical.

• judgmental.

A wholesale distributor of ready-to-wear clothing would like to track its customers geographically. Which software application would be most effective?

• Internet

• spreadsheet

• database

• word processing

The basic role of the United States government is to:

• limit business startups.

• maintain control of prices.

• increase production.

• protect U.S. citizens.

If three employees have the same level of ability and competence, what factor might a business use to decide which one to promote?

• age

• gender

• seniority

• tenure

One of the purposes of information management is to provide businesses with the strategic information they need to:

• create sales presentations.

• develop a short-term advertising campaign.

• make long-term decisions.

• write an annual report.