1. Question
: (TCO 1) Intangible products,
such as income tax return preparations, education, and healthcare.
Business
Goods
Services
Entrepreneur
Revenue
Question 2. Question
: (TCO 1) That part of economics
that studies the operations of a nationâs economy as a whole.
Economics
Microeconomics
Macroeconomics
Resource development
Invisible Hand
Question 3. Question
: (TCO 1) Buying products from
another country.
Importing
Exporting
Free Trade
Absolute advantage
Comparative advantage
Question 4. Question
: (TCO 2) Standards of moral
behavior; behavior accepted by society as right versus wrong.
Corporate policy
Corporate responsibility
Corporate social initiatives
CSR
Ethics
Question 5. Question
: (TCO 3) A complete ban on the
import or export of a certain product; or the stopping of all trade with a
country.
Tarriff
Import/Exporting Ban
Censoring
Embargo
None of the above
Question 6. Question
: (TCO 3) A tax imposed on
imports.
Trade surplus
Trade deficit
Tariffs
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
Extrapreneurs
Intrapreneurs
Angel Investors
1. Question
: (TCO 1) Describe and explain
the United States economic business cycle. What are the key economic indicators
of the United States economy? Why are they important to consider?
Question 2. Question
: (TCO 2) Describe and explain
managementâs role in setting ethical standards. Why does it matter what
managementâs role is in setting ethical standards?
Question 3. Question
: (TCO 3) Describe and explain
the fundamentals of the international market. Why do nations trade and how
trade measured.
Comments: You should cover the materials from
pages 48 – 51 of the text and include a reference.
Question 4. Question
: (TCO 4) Describe and explain
the qualities of successful entrepreneurs.
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