bussiness

Question 1

tayshun acts with honesty in all situations. he is demonstrating

Answer 1

integrity

Question 2

when tori considers taking something that belongs to someone else, which ethical principle could help her recognize that she is facing an ethical dilemma

Answer 2

integrity

Question 3

a characteristic of a sellers market is

Answer 3

higher profits

Question 4

a business decides against opening a store in the next town because its research show the location will be unprofitable. what form of risk management is this

Answer 4

avoidance

Question 5

in 1890, the congress passed a law that prevents monopolies from forming and hinders price fixing. what law is this
A. clayton act
B. robinson-patman act
C. sherman antitrust act
D.celler-kefauver antimerger act

Answer 5

C. sherman antitrust act

Question 6

R and R real estate company buys errors and omissions liability insurance. what for of risk management is this
A. avoidance
B. reduction
C.retention
D. transfer

Answer 6

transfer

Question 7

in some places a company can have exclusive control of the supply of a good or service such as the trash service. this is an example of
A. price competition
B. price discrimination
C. nonprice competition
D. a regulated monoploy

Answer 7

regulated monoploy

Question 8

what economy is based on public or govermental owership of the production and distribution of goods.
A. capitalist
B. mixed
C. socialist
D. traditional

Answer 8

socialist

Question 9

negative events which an organization has no control over
A. speculative risk
B. pure bussines risk

Answer 9

pure business risk

Question 10

a market structure that features no barriers to entry and has an unlimited number of businesses selling the same products is a
A. oligoploy
B. perfect competition
C. regulated monoploy
D. monopolistic competition

Answer 10

D. monopolistic competition