Question DetailsNormal
$ 12.00
BUSINESS 115 Midterm-multiple choice & essay questions All Answers Correct.
Question posted by

Page 1


1.         Question :       

(TCO 1) The amount of money a business takes in during a given time period by selling goods and/or selling services.









Question 2.      Question :       

(TCO 1) A behavioral science that studies how society chooses to employ resources to produce goods and services and distribute them.





                                     Resource development

                                     Invisible Hand 



Question 3.      Question :       

(TCO 1) Selling products to another country.




                                     Free Trade

                                     Absolute advantage

                                     Comparative advantage



Question 4.      Question :       

(TCO 2) A business’s concern for the welfare of society.


                                     Corporate policy

                                     Corporate responsibility

                                     Corporate social initiatives




Question 5.      Question :       

(TCO 3) The difference between money flowing into a country and money flowing out of a country.


                                     Balance of payments

                                     Balance of trade

                                     Common Market





Question 6.      Question :       

(TCO 3) An unfavorable balance of trade occurs when the value of a country’s imports exceeds that of its exports.


                                     Trade surplus

                                     Trade deficit


                                     Strategic alliance

                                     Multinational corporation



Question 7.      Question :       

(TCO 4) Investors who provide money to finance new businesses or turnarounds in exchange for a portion of ownership, with the objective of reselling the business at a proft.


                                     Venture Capitalists



                                     Angel Investors

                                     None of the above


Page 2


Question 1.         Question :       


(TCO 1) Describe and explain capitalism and how it functions in a free market economy.



Question 2.      Question :       


(TCO 2) Your boss has asked you to assist him after normal work hours with shredding some documents. The division vice president announced a federal level investigation in last week’s “All-call; All-attend” staff meeting. You need your job and you want to help your boss. But you’re just not sure in this particular situation. What is the ethical problem in this situation? What steps should you take? When should you take them? Who should you talk to about this? Why?



Question 3.      Question :       


(TCO 3) Describe and explain the fundamentals of the international market. Why do nations trade and how trade measured.



Question 4.      Question :       


(TCO 4) Describe and explain the qualities of successful entrepreneurs.


$ 629.35