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5 Written questions

5 Matching questions

  1. Channel of Distribution
  2. Economics
  3. Marketing
  4. Market
  5. overtime
  1. a time worked beyond the regular hours - pay is 1 1/2 times the regular rate of pay
  2. b A particular way to direct products to consumers
  3. c the process of creating, promoting, and presenting a product to meet the wants and needs of consumers
  4. d studies how society chooses to use resources to produce and distribute goods and services for people's consumption
  5. e a group of customers who share common wants and needs, and who have the ability to purchase the product

5 Multiple choice questions

  1. A marketable U.S. government debt security with a fixed interest rate and a maturity between one and 10 years.
  2. a bank's record of all the transactions in a checking account
  3. an electronic check; an alternative method to cash when making a payment
  4. when the government decides to stop an import or export of a product
  5. no limits on trade

5 True/False questions

  1. specializationbuilds and sustains a market economy


  2. supplythe amount of goods and services that producers will provide at various prices


  3. balance sheetthe difference in the value between how much a country imports and how much it exports


  4. subsidiespayments the government gives to businesses to make up for their losses


  5. tariffwhen rival companies form a monopoly by banding together and agree not to compete with each other


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