QUESTION In a capitalistic economy, the means to produce goods and services are owned by private interests. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Companies use SWOT to analyze________ risks and benefits. a. neither internal nor external b. only external c. both internal and external d. only internal ANSWER c
Date: September 3rd, 2020
QUESTION You participate in the day-to-day work of a business. Which of the following perspectives does this give you on the business? A) customer B) manager C) employee D) owner/investor ANSWER C
Date: September 3rd, 2020
QUESTION You are thinking about attending a business conference. But spending three days on the trip will mean falling behind on your current project. By considering the value of lost time, you are applying the concept of ________. a. SWOT analysis b. diversification c. opportunity cost d. merger ANSWER c
Date: September 3rd, 2020
QUESTION You are purchasing a good or service from a business. Which of the following perspectives does this give you on the business? A) customer B) manager C) employee D) owner/investor ANSWER A
Date: September 3rd, 2020
QUESTION Spreading resources out over several different areas is called ________. a. diversification b. risk c. opportunity d. liability ANSWER a
Date: September 3rd, 2020
QUESTION You guide employees and make sure their work meets certain criteria in a company. Which of the following perspectives does this give you on the company? A) customer B) manager C) employee D) owner/investor ANSWER B
Date: September 3rd, 2020
QUESTION What is an operating activity? A) an activity that entails the investment in or purchase of assets that could increase a company’s profitability B) an activity that requires upgrades to a company’s information technology system C) an activity that uses or generates cash to keep a company’s daily operations going D) an activity that […]
Date: September 3rd, 2020
QUESTION An unknown brand in the marketplace is an example of a(n) ________. a. strength b. weakness c. opportunity d. threat ANSWER b
Date: September 3rd, 2020
QUESTION From Apple Inc’s balance sheet in Figure 2.2, an investor knows that Apple is financing its business from the sale of stock and retained earnings because its long-term debt is ______. a. $0 b. over $39 billion c. about $4 billion d. about $19 billion ANSWER a
Date: September 3rd, 2020
