Cumulative Exam — Cumulative exam Answers

Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?A.Raising its interest ratesB.Keeping its interest rates lowC.Increasing its exportsD.Avoiding debt

If a student passes off an author’s work as his or her own, the student has

If you want to compare two different investments, what should you calculate?A.The compound interestB.The ROI percentagesC.The ROI dollar amountsD.The capital gain

Which of the following is an indirect competitor for a company that makes chocolate chip cookies?A.Another company that makes chocolate chip cookiesB.A company that makes potato chipsC.A company that makes baking pansD.A company that makes brownies

If you collect personal information about your customers, what should you do?A.Tell customers how you will use and protect their information.C.Give the customers access to your database so they can learn about other customers.B.Share their information with other companies in your industry.D.Hide customer information from most of your employees.

___________ is the ability of a product to satisfy a customer.A.Economic utilityB.ValueC.Purchasing powerD.Outsourcing

Instead of focusing on a good, a company that provides a service is likely to focus its marketing message on what?A.The physical goods that are used to provide the serviceB.The features of the service or the data storage methods the company usesC.The people who provide the service or the experience customers will haveD.The company's competitors or the SWOT analysis of the company

______________ is the amount an employee earns before payroll withholding is performed.A.Net payB.Gross payC.Taxable interestD.An estate

If productivity increases significantly and demand is not very elastic, what is likely to happen?A.The number of consumers will increase.B.Fewer workers will be needed.C.Division of labor will decrease.D.Demand will increase.

Which of the following is a sign of a strong economy?A.An increase in GDPB.A shrinking economyC.An increase in unemploymentD.A decrease in spending power