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What is the environment where a firm conducts business known as A) Global business environment   B) Economic environment   C) Domestic business environment   D) Technological environment   10. What is the willingness and ability of producers to offer a good for sale referred to as?   A) Private enterprise B) Supply

What is the environment where a firm conducts business known as A) Global business environment   B) Economic environment   C) Domestic business environment   D) Technological environment   10. What is the willingness and ability of producers to offer a good for sale referred to as?   A) Private enterprise B) Supply

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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9. What is the environment where a firm conducts business known as A) Global business environment

 

B) Economic environment

 

C) Domestic business environment

 

D) Technological environment

 

10. What is the willingness and ability of producers to offer a good for sale referred to as?

 

A) Private enterprise B) Supply

 

C) Free market economy

 

D) Law of supply

8. Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks? A) identity theft B) a margin purchase C) insider trading D) collusion 9. What is the environment where a firm conducts business known as A) Global business environment B) Economic environment C) Domestic business environment D) Technological environment 10. What is the willingness and ability of producers to offer a good for sale referred to as? A) Private enterprise B) Supply C) Free market economy D) Law of supply 11. A key to business success is to decide in advance how to respond to the issues that underlie all questions of ethics and A) personnel complaints B) compensatory damages C) governmental support D) social responsibility 12. Which of the following does NOT fall into the degrees of competition continuum? A) Perfect competition B) Monopolistic competition C) Competitive advantage D) Oligopoly 13. What is the term given to the groups, individuals, and organizations that are directly affected by the practices of an organization? A) Primary agents of interest B) Social auditors C) Competitors D) Organizational stakeholders 14. The Chinese government controls all factors of production, the Chinese government has which type of economic systems? A)Capitalism B) Socialism C) Market D)Communism
Transcribed Image Text:8. Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks? A) identity theft B) a margin purchase C) insider trading D) collusion 9. What is the environment where a firm conducts business known as A) Global business environment B) Economic environment C) Domestic business environment D) Technological environment 10. What is the willingness and ability of producers to offer a good for sale referred to as? A) Private enterprise B) Supply C) Free market economy D) Law of supply 11. A key to business success is to decide in advance how to respond to the issues that underlie all questions of ethics and A) personnel complaints B) compensatory damages C) governmental support D) social responsibility 12. Which of the following does NOT fall into the degrees of competition continuum? A) Perfect competition B) Monopolistic competition C) Competitive advantage D) Oligopoly 13. What is the term given to the groups, individuals, and organizations that are directly affected by the practices of an organization? A) Primary agents of interest B) Social auditors C) Competitors D) Organizational stakeholders 14. The Chinese government controls all factors of production, the Chinese government has which type of economic systems? A)Capitalism B) Socialism C) Market D)Communism
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