All of the following types of businesses are producers EXCEPT

Without foreign trade, all of the items you buy would cost less, because they would not need to be shipped here from other lands.

Property tax revenue is used to pay for all of the following EXCEPT

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

The difference between a country’s total exports and total imports is called the

The easiest form of business to start is the

Antitrust laws protect consumers from all of the following EXCEPT

Which element of a business plan discusses the entrepreneur’s short-term and long-term goals for the business?

Most of the money needed to start a new business comes from

Entrepreneurs

A partnership:

Which of the following is a copyright symbol?

___ are principles of morality or rules of conduct.

A goal is a precise statement of results the business expects to achieve.

There is no difference between policies and procedures

Which of the following would NOT be discussed in the operations plan section of a business plan?

Baby boomers have dominated the U.S. labor market since they began working in the

This international trade organization was created in 1944 to provide loans for rebuilding after World War II.

A country in which a multinational company conducts business activities is called the__.

Selling the right to use some intangible property for a fee or royalty is called

A corporation’s owners have access to profits only if the board of directors approves it.

The most important role of business is to provide employment for people.

All written contracts are legal.

Short-term financing is obtained for a period of less than

A state or local tax on goods and services that is collected by the seller is called a

The Age Discrimination in Employment Act protects all persons aged ____ and older from employers who attempt to use age as a basis for employment decisions.

Over the next ten years, the number of contingent workers in the United States is expected to _.

Which of the following is NOT a goal of the World Trade Organization?

All entrepreneurship opportunities emerge from inventions and innovations.

All businesses buy goods and services.

The largest source of revenue for the federal government is the _.

In the United States, police and fire protection is usually provided by __.

All of the following are non-renewable resources EXCEPT

A country can have an absolute advantage in only one area.

The making, buying, and selling of goods and services within a country is called __.

Government plays a role in all economic systems.

The most important step in starting a business is preparation.

Everyone who owns a business is an entrepreneur.

The form of ownership most common among U.S. businesses

Which of the following is probably the LEAST important factor in becoming an entrepreneur?

The United States conducts trade with more than ____ countries.

Once a business plan is written, it should never be revised and should never be updated.

The first step in developing a business plan is to

The major challenge facing businesses today involves learning how to manage a workforce made up of the diverse cultures in society.

Goods and services sold to other countries are called __.

The obligation to complete specific work is called:

A tax that a government places on certain imported products is called a(n)

A limit that a government places on the quantity of a product that may be exported or imported during a given period is called a

Valid, enforceable contracts must contain consideration, which is defined as