Business Education Study Guide

A command economy is characterized by

• A laissez-faire approach by the government

• A moderate amount of government intervention in the economy

• Business commanding all aspects of the economy

• The government controlling prices and production

Which of the following is not a responsibility of the Securities and Exchange Commission

• Regulating securities

• Investigation insider trading

• Setting interest rates

• Processing applications for initial public offerings (IPO)

In marketing, the demand for a product is directly influenced by

• Customers desire for a product

• Customers ability to obtain a product

• Availability of a product

• Both A and B

The Sarbanes-Oxley Act of 2002

• Vastly reduced the financial reporting obligations that corporations face.

• Deregulated public utilities.

• Was intended to fight corporate and accounting fraud.

• Reduced tariffs on trade among North American countries.

An employee earns 2,000.00 per month in gross pay, buy pays 104.36 for health insurance, 9% in federal taxes, 3% for state taxes, and 2% for local taxes. What is the employee's net pay?

• 2,000.00

• 1,615.64

• 1,630.25

• 1,720.00

A market in which product availability exceeds demand is called a

• Free Market

• Seller's Market

• Buyer's Market

• Black Market

Which of the following is not a part of Maslow's hierarchy of needs?

• Self-actulization

• Esteem

• Safety

• Supply and demand

Which of the following countries is not part of NAFTA?

• Mexico

• United States

• Canada

• China

A consumer's credit score is directly influenced by which of the following factors?

• Debt repayment history

• Employment history over the last five year

• Marital Status

• Income level

Upon which organisation does the international community primarily relay to deal with claims of unfair protectionism by one country against another?

• North Atlantic Treaty Organisation (NATO)

• World Trade Organisation (WTO)

• Organisation of Petroleum Exporting Countries (OPEC)

• International Red Cross