What term refers to a type of producer that involves businesses that remove natural resources from the land and include businesses like mining, logging, and oil? domestics wholesalers extractors merchandisers
1, Goods on hand are not subject to
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True |
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False |
2, The construction industry includes everything from highly-skilled professions such as architects, engineers, and real estate attorneys, to unskilled labor.
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True |
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False |
3, States and municipalities receive much of their revenue through what kind of taxes?
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developmental |
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international |
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sales |
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intrinsic |
4. Which retailer was one of several businesses that capitalized on the expansion of railroads after the Civil War ended in 1865 by developing mail-order catalogues and was once known as the “everything store” prior to Amazon?
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Sears |
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Target |
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Walmart |
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Harrod’s |
5. Amazon is a great example of how a business can expand and grow with the use of what?
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technology |
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merchandise |
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healthcare |
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red tape |
6. What is an example of a product where the demand will not be dependent on the seasons and will remain steady throughout the year?
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snow boots |
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mittens |
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cereal |
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pool rafts |
7. A small, local business is highly unlikely to depend on international trade for any supplies at all.
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True |
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False |
8. What service do professional athletes and performers provide?
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communication |
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entertainment |
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financial guidance |
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healthcare |
9. Services make up the majority of the total value of the goods and services produced by a country in a year, otherwise known as what?
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trade industry |
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private enterprise |
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raw materials |
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10. In its early days, how many employees did Amazon have working around the clock to fulfill orders?
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20 |
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3 |
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10 |
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1 |
11. Wholesalers depend on moving inventory to stay in business; however, they do not need to anticipate the products the public wants.
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True |
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False |
12. You recently started a new hand-printed sweatshirt company. What is the primary raw material will you likely be dependent on to run your business?
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cotton |
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wood |
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steel |
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brass |
13. Josephine owns a large cattle ranch out in Montana. While she enjoys being her own boss and being able to spend time in the outdoors, she finds it tedious to comply with regulations pertaining to land management and what else?
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healthcare regulations |
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environmental quality |
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transportation limitations |
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advancing technology |
14. On the 2018 list where Forbes ranked the best countries for business, the United States was 12th, having moved up from 23rd in 2017 thanks to improvements in what areas?
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technology, innovation, and trade freedom |
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inventory, ecommerce, and distribution |
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bureaucracy, wholesaling, and raw materials |
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taxes, corruption, and private enterprise |
15. What term refers to a type of producer that involves businesses that remove natural resources from the land and include businesses like mining, logging, and oil?
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domestics |
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wholesalers |
|
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extractors |
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merchandisers |
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