Intro to Business Final Part 2 Review

Infrastructure refers to a country's?

• educational system

• system of local government

• transportation, communication, and utility systems

• cultural influences

Which of the following tends to discourage international trade?

• an embargo

• a free-trade zone

• a free-trade agreement

• a common market

Which of the following is an example of a global strategy?

• Pizza Hut restaurants in Japan sells pizza with squid toppings

• The formula for Coca-Cola is the same no matter where in the world it's sold

• Advertising for women's underwear does not feature live models in many Muslin countries to avoid offending religious sensibilities

• All of the above are global strategies

A written contract granting permission to operate a business selling products or services in a specific way. Ray Kroc, the founder of McDonald's fast food restaurants, used this method VERY successfully.

• franchise

• corporate charter

• contract

• license

A unique business organized by two or more other businesses to operate for a limited time and for a specific project is a ______?

• franchise

• limited liability partnership

• joint venture

• limited liability company

The easiest form of business to start is the ____?

• S-corporation

• proprietorship

• partnership

• nonprofit corporation

A partnership _____?

• is the most common form of business ownership in the US

• limits the liability of the owners to the amount of money invested

• is funded through the sale of stock

• requires at least two owners

A career (a)   provides tangible evidence of your ability and skills; it might include samples of work you have done on previous jobs.

Job (a)   involves work experience in an organization while learning about a career field ----especially in accounting, finance, marketing, or communications.

Job (a)   allows you to spend time with a worker for a day or a week to learn about a certain occupation.