Review Test Submission: Test 6 User Mrs. Debbielin E Offenberg Course BMRT-11000-590-201780: INTRODUCTION TO BUSINESS Test Test 6 Started 10/11/17 8:42 PM Submitted 10/11/17 10:35 PM Due Date 12/15/17 11:59 PM Status Completed Attempt Score 43 out of 50 points Time Elapsed 1 hour, 53 minutes out of 1 hour and 53 minutes Results Displayed All Answers, Submitted Answers, Correct Answers Question 1 0 out of 1 points Sunland's mayor has just signed legislation requiring fire sprinklers in every public school. This is an example of: Selected Answer: statutory law. Answers: common law. statutory law. administrative law. unwritten law. Question 2 1 out of 1 points The two main purposes of taxes are: Selected Answer: to raise money for government funding and to encourage or discourage certain taxpayer behaviors. Answers: to raise money for taxpayers and to encourage foreign governments to behave in certain ways. to raise money for government funding and to encourage or discourage certain taxpayer behaviors. to encourage businesses to make a profit and encourage foreign governments to invest in the U.S.
to strengthen monetary and fiscal policies. Question 3 1 out of 1 points Maslow classified the needs for basic items such as food, water, and shelter as: Selected Answer: physiological needs. Answers: safety needs. sustenance needs. physiological needs. self-actualization needs. Question 4 1 out of 1 points The key to generating enough capital for investment for many individuals is to: Selected Answer: live frugally. Answers: obtain as many credit cards as possible in order to maximize spending power. live frugally. borrow money from friends and family. buy only high-quality consumer goods. Question 5 1 out of 1 points The fundamental accounting equation states: Assets = __________. Selected Answer: liabilities plus owners' equity Answers: liabilities minus owners' equity
liabilities plus receivables payables plus cash equivalents liabilities plus owners' equity Question 6 1 out of 1 points ___________ is the use of a third party to encourage labor and management to continue negotiating in an effort to settle a labor dispute or achieve a mutually acceptable labor- management agreement. Selected Answer: Mediation Answers: Arbitration Mediation Reconciliati on Intercession Question 7 1 out of 1 points _________________ differences such as insufficient electrical power and transportation systems can present special problems for U.S. firms when attempting to enter global markets. Selected Answer: Physical and environmental Answers: Physical and environmental Legal and regulatory Economic Governmental Question 8 1 out of 1 points ___________ is a technique to analyze and sequence tasks involved in completing a project, to estimate the time needed to complete each task, and to determine the
minimum amount of time needed to complete each project.
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