Tayshaun acts with honesty in all situations. He is demonstrating:

Piper looks up to her new boss and tries to learn from her behavior as much as possible. However, Piper knows that some of her boss’s actions are unethical. Piper is uncertain whether she should follow her boss’s example. Which ethical dilemma is Piper facing?

Which question should one ask himself/herself to determine whether one is facing a true ethical dilemma?

Jasmine thinks it is OK to steal a few things from work. Which ethical principle would help her realize that the long-term repercussions of her actions could create an ethical dilemma?

Shayla is not breaking any laws, but her behavior still is unethical. How is this possible?

When Tori considers taking something that belongs to someone else, which ethical principle could help her recognize that she is facing an ethical dilemma?

What do service businesses sell?

The two main divisions of the trade industry are:

A business that buys goods or services and sells them to the ultimate consumer is a:

A large retailer wants to contribute to the well-being of society. It donates 10% of its proceeds to a charity that helps the environment. The retailer is demonstrating:

Retailing occurs wherever goods are:

Monte works for a grocery store that buys food from producers and then sells it to customers. The grocery store is an example of a:

The Candy Store is selling more and more chocolate each quarter. Applying the law of supply and demand, what is most likely to happen over the next few quarters?

To prepare for effective decision-making that ensures the efficient delivery of products to the marketplace, one should study:

Economic resources that help people be more productive are:

The economic resource where people work to produce goods or services are:

A characteristic of a seller’s market is:

New Gear studied trends in the marketplace to price their jerseys. There was an abundance of jerseys remaining after meeting the demand creating which market condition?

A form of demand for products in which changes in price correspond to changes in demand is:

ABC Corporation bought a new conveyor belt. What type of good is the conveyor belt?

Elastic demand is more likely when the good is:

The Brooks Company produces sneakers and studies trends in the marketplace to price their sneakers. The Brooks Company supplied as many sneakers as consumers demanded to create which market condition?

A characteristic of an economic service is that it is:

Gasoline prices increased 30 cents per gallon. Raylee continued to purchase gasoline because her demand and need to commute to work had not changed. This is an example of what type of demand?

Deciding to stay home and study, instead of going to a basketball game, is an example of a/an:

Customers cast economic votes every time they:

Prices are used in our economy to:

What is a want that can be satisfied by spending money to consume a good, service, or leisure activity?

When the prices of iPhones increase, the quantity of iPhones offered for sale will increase. This is an example of the law of:

Which is an example of a noneconomic want?

What do producers typically do when prices increase?

Consumers, producers, and owners of resources use money to create a flow of resources, goods, and services through which economic activity?

The economic system that adopts the fewest new ideas or improvements is:

In a socialist economy, what determines how basic economic questions are answered?

What economy is based on public or governmental ownership of the production and distribution of goods?

Under which type of economy does the government own the basic means of production, but with some private ownership of businesses?

What is the economic basis for the private enterprise economic system?

Which factor is a barrier to small-business and entrepreneurial success?

A small business is defined as a business employing fewer than how many people?

A business decides against opening a store in the next town because its research shows the location will be unprofitable. What form of risk management is this?

What is the name for markets with only a few sellers, such as the markets for automobiles, pharmaceuticals, or oil?

Competition helps create a healthy society by:

In 1890, Congress passed a law that prevents monopolies from forming and hinders price fixing. What law is this?

R & R Real Estate company buys errors and omissions liability insurance. What form of risk management is this?

In some places, a company can have exclusive control of the supply of a good or service such as the trash service. This is an example of:

Arc Electric Company holds regular safety training meetings for its employees. What form of risk management is this?

All Care pays for all of its expenses this fiscal year. The amount left over after all expenses have been paid is called what?

What is the amount of money paid for raw materials and products sold?

Negative events which an organization or company has no control over are: