Business Test 1

Business Test 1 - Review Assessment: Chapter 1 User...

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Review Assessment: Chapter 1 User Christopher Pasquariello Submitted 4/26/10 11:17 PM Name Chapter 1 Status Needs Grading Score 75.12 out of 100.16 points Time Elapsed 0 hours, 25 minutes, and 28 seconds out of 0 hours and 25 minutes allowed. Instructions Question 1 3.13 out of 3.13 points The nationalization of key industries in countries such as Britain, Sweden, and India is indicative of a(n) ___________ economy. Selected Answer: socialist Correct Answer: socialist Question 2 3.13 out of 3.13 points The United States and Great Britain, each of whose economies exhibits elements of both capitalism and socialism have what are known as ____________ economies. Selected Answer: mixed Correct Answer: mixed Question 3 3.13 out of 3.13 points There are several types of businesses. Which of the following, according to its primary business activities, would be classified as a service business? Selected Answer: Hertz Rent-a-Car Correct Answer: Hertz Rent-a-Car Question 4 3.13 out of 3.13 points ________ is a market situation (or industry) in wich there are few sellers.
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Selected Answer: oligopoly Correct Answer: oligopoly Question 5 3.13 out of 3.13 points The relationship between sales and profits can be written as: Selected Answer: sales revenue - expenses=profit Correct Answer: sales revenue - expenses=profit Question 6 3.13 out of 3.13 points At the end of the year, the Walt Disney Company has a profit of $920 million. This profit belongs to which of the following groups? Selected Answer:
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This note was uploaded on 05/18/2010 for the course BUS 2925 taught by Professor Wood during the Spring '10 term at Cincinnati State.

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Business Test 1 - Review Assessment: Chapter 1 User...

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