
Business management 1 (NEW)
Authored by Van Pham
Business
University
Used 41+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The resources that contribute to the creation of wealth are known as ________.
production coefficients
factors of production
production technologies
production aggregates
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The _____________ is the total value of a nation's exports compared to its imports measured over a specific period of time.
balance of payments
balance of trade surplus
balance of trade deficit
balance of trade
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A(n) ________-based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.
legal
corporate responsibility
compliance
integrity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a basic right under capitalism?
Freedom of collusion.
Freedom from taxation.
The right to vote.
The right to compete.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
We describe charitable donations by corporations to nonprofit organizations as __________.
corporate philanthropy
corporate responsibility
corporate strategy
structural commitment
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A nation has a ___________ in the production of a good or service if it can produce that good or service more effectively or efficiently than it can produce other goods.
supreme advantage
primary efficiency
qualified advantage
comparative advantage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business incurs a ___________ if its costs and expenses exceed its revenues.
loss
liability
debit
dividend
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