Combo with Banking and 7 others

5 Written Questions

1. provides a common measure of the value of goods and services being exchanged
2. Sells goods directly to the customer
3. the section of your check book where you keep track of all your transactions
4. time allowed for payment for goods or services obtained on trust:
5. market economy, or private enterprise

5 Matching Questions

1. code of ethics
2. specialization
3. Channel of Distribution
4. protectionism
5. conflict of interest

1. a the practice of putting limits on foreign trade to protect businesses at home
2. b A particular way to direct products to consumers
3. c when a business is tempted to put profits before social welfare
4. d builds and sustains a market economy
5. e set of strict guidelines for maintaining ethics in the workplace

5 Multiple Choice Questions

1. government offers to businesses to encourage socially responsible behavior
   1. Marketing
   2. dividends
   3. tax incentives
   4. overtime
2. when rival companies form a monopoly by banding together and agree not to compete with each other
   1. trust
   2. Credit
   3. Debit
   4. Coins
3. a central authority makes the key economic decisions
   1. monopoly
   2. Economics
   3. command economy
   4. Marketing
4. the difference in the value between how much a country imports and how much it exports
   1. exchange rate
   2. balance sheet
   3. balance of trade
   4. breach of contract
5. a company that does business in many countries and has facilities and offices in many countries around the world
   1. capital gains
   2. multinational corporation
   3. specialization
   4. strong command

5 True/False Questions

1. Wholesaler → Receives large shipments of products from many different producers

   True        False

2. Interstate Commerce → the federal government focuses on business that takes place across all states

   True        False

3. dividends → a sum of money paid to shareholders of a corporation out of earnings.

   True        False

4. Demographics → studies how society chooses to use resources to produce and distribute goods and services for people's consumption

   True        False

5. copyright → time allowed for payment for goods or services obtained on trust:

   True        False