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Chris M.
Chris M., M.S.W. Social Work
Category: Homework
Satisfied Customers: 2786
Experience:  Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
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1.Businesses differ from nonprofit organizations in that a

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1.Businesses differ from nonprofit organizations in that a business's focus is on

A.price
B.goods
C.profit
D.organization
E.plans

2.Which of the following functions involves activities designed to provide goods and services that fulfill needs and desires of consumers?

A.Accounting
B.Engineering
C.Finance
D.Production
E.Marketing

3.The goal of business is to earn

A.respect
B.resources
C.a profit
D.responsibility
E.independence


4.The functions of organizing, staffing, planning, and controlling are most closely associated with

A.employees
B.customers
C.managers
D.stockholders
E.accountants

5.In a socialist economic system, many people work in ___ jobs.

A.self-employed
B.government
C.high-paying
D.poverty-wage
E.part-time

6.The __ Act criminalized securities fraud and stiffened penalties for corporate fraud.

A.EEOC
B.Ethical Standards
C.Internet Standards
D.Sarbanes-Oxley
E.SCF

7.What is considered ethical may differ depending on the __ in which a business operates.

A.country
B.culture
C.trade bloc
D.hemisphere
E.industry

8.The most common ethical issue identified by employees is ____.

A.bullying
B.bribery
C.conflict of interest
D.cheating
E.lying

9.That businesspeople are expected not to harm customers, clients, and competitors knowingly through deception, misrepresentation, coercion, or discrimination is part of

A.fairness and honesty
B.communications
C.conflict of interest
D.business relationships
E.consumerism

10.The following behavior is an example of ethical consideration within business relationships:

A.keeping company secrets.
B.avoiding obligations.
C.shirking responsibilities.
D.setting a poor example for others.
E.offering a bribe.


11.All of the following are advantages of a sole proprietorship except

A.ease of formation
B.secrecy
C.unlimited liability
D.control of the business
E.limited government regulation.

12.Which characteristic of a sole proprietorship can be considered both an advantage and a disadvantage?

A.Taxation
B.Fund sources
C.Liability
D.Continuity
E.Secrecy

13.When are limited partnerships generally used?

A.When one partner has more money than the others
B.They are used most of the time for many reasons
C.Limited partnerships are almost never used
D.When all partners wish to share liability equally
E.When the project is risky and the chance of loss is great

14.A private corporation is one that

A.is owned by only a few people and not traded on the open market.
B.does not pay taxes on its income.
C.does not hire employees.
D.can be purchased on the New York Stock Exchange.
E.all of the above.

15.A favorable balance of trade exists when a country

A.imports more than it exports.
B.exports more than it imports.
C.sends out more cash than it takes in.
D.spends more than it saves.
E.saves more than it spends.

Hello, and thanks for the questions.

Here are the answers for comparison with your own.

1. C.profit
2. E.Marketing
3. C.a profit
4. C.managers
5. B.government
6. D.Sarbanes-Oxley
7. B.culture
8. C.conflict of interest
9. A.fairness and honesty
10. A.keeping company secrets.
11. C.unlimited liability
12. A.Taxation
13. E.When the project is risky and the chance of loss is great
14. A.is owned by only a few people and not traded on the open market.
15. B.exports more than it imports.

Hope this helps!
Customer: replied 4 years ago.
thanks i have a few others ill provide a 5$ bonus thanks

1.The U.S. has a trade deficit because

A.American companies sell more goods to other countries than foreign companies sell here.
B.China stopped exporting goods to the United States.
C.America imports more products than it exports.
D.American consumers stopped buying Chinese goods and services.
E.American consumers buy far more domestic goods and services than foreign goods and services.

2.When Madison flies to Italy from the United States on a British airline, stays in Italian hotels, and buys clothing in Milan to bring home after her trip, she

A.decreases the trade deficit
B.is disloyal and unpatriotic
C.contributes to the negative balance of payments
D.buys American-made goods
E.does all of the above

3.A specific amount of money levied on each unit of a product brought into the country is a(n)

A.ad valorem tariff.
B.value-added tariff.
C.fixed tariff.
D.protective tariff.
E.duty-free tariff.

4.Which trade alliance/agreement, which represents 54 percent of world GDP, allows businesses to participate in a wide range of its activities?

A.General Agreement on Tariffs and Trade
B.Asia-Pacific Economic Cooperation
C.North American Free Trade Agreement
D.European Union
E.Free Trade Area of the Americas

5.Which trade alliance/agreement, which represents 54 percent of world GDP, allows businesses to participate in a wide range of its activities?

A.General Agreement on Tariffs and Trade
B.Asia-Pacific Economic Cooperation
C.North American Free Trade Agreement
D.European Union
E.Free Trade Area of the Americas
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Customer: replied 4 years ago.

HI Chris would u be able to help me with some questions i have them posted thanks

Hello Customer,.

I have answered the questions in your other post.

Thanks for using JustAnswer!

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