A*S*K Business Institute Certification Exams

The American Red Cross is an example of a(n) ________ corporation.

• nonprofit

• hybrid

• C

• S

Jackie is a dentist. Which channel of distribution will Jackie use to provide services to clients?

• Indirect

• Industrial

• Direct

• Consumer

A farmer recently purchased 1,400 acres of farmland and six new pieces of farm machinery. What categories of resources did the farmer acquire?

• Natural and capital

• Natural and land

• Labor and human

• Capital and labor

What type of market likely exists when a local car dealer has many vehicles for sale at low prices but demand is low?

• Inelastic

• Buyer's

• Elastic

• Seller's

In order to have exclusive rights to their literary and artistic works, authors and artists can apply for a

• tariff

• trademark

• copyright

• patent

Individuals put limits on their own economic freedom by

• deciding to learn new job skills

• complying with the law

• competing with others

• making personal economic choices

Many businesses reinvest the profits that they make to

• improve their credit rating

• increase employees' bonuses

• increase their emergency funds

• expand their operations

One characteristic of trade-industry businesses is that they sell

• only full product lines.

• products to others.

• only limited product lines.

• a narrow assortment of products.

A willingness to learn, to change, and to take occasional risks all refer to a leader with

• a passion for work and people.

• credibility.

• flexibility.

• business knowledge.

Employees who value differences in the workplace are more satisfied and increase the company's

• workforce.

• assets.

• benefits.

• productivity.