intro to business

Intro to business - inflation Purecompetition abartersy

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A general rise in the level of prices is called  inflation  A market situation in which there are many buyers and seller of a product and no single  buyer or seller can control the price  Pure competition A system of exchange in which goods or services exchanged without using money is called  a barter system  A separation of a manufacturing process into distinct tasks is referred to as  specialization A method of manufacturing in which all materials, machinery, and workers are assembled in  one place is called a factory system  which of the following is not one of the four resources used by business today governmental  Today, the U.S. economy is often characterized as a______ economy.  mixed  Many economists refer to the average level of output per worker per hour as 
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productivity Which of the following is not one of the four states in a business cycle deficit Before leaving England, _____ memorized the plans of a water-powered spinning machine and set up a textile in Pawtucket, Rhode Island Samuel Slater One factor that influences ethical decision making is the _____ factor. opportunity A plan designed to increase the number of minority employees at levels within an organization is called an affirmative action program Initiating a social responsibility program takes the commitment of top executives Funding for a program of social responsibility can come from corporations that absorb the cost as a business expense A guide to acceptable and ethical behavior is known as
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a code of ethics  A group of people who have been singled out for unfavorable treatment on the basis of race, 
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This note was uploaded on 03/22/2010 for the course BBG 112 taught by Professor Toratino during the Winter '09 term at N.C. Central.

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Intro to business - inflation Purecompetition abartersy

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