Simple Business Multiple Choice questions...?

  • Thread starter Thread starter Dfhdfs
  • Start date Start date
D

Dfhdfs

Guest
1. When a company or organization chooses one option and sacrifices others, the decision is called a(n)
a. economic utility
b. opportunity cost
c. societal characteristic
d. research and development

2. If one country can produce a product at a lower cost or with a higher rate of productivity than another country, it has which type of advantage?
a. absolute
b. comparative
c. domestic
d. productive

3. When a country has a lower cost in producing a product at a lower opportunity cost, it has what type of advantage?
a. absolute
b. comparative
c. domestic
d. productive

4. The knowledge economy increases the importance of
a. brain over brawn
b. government over business
c. international over domestic business
d. all of the above

5. Which of the following terms describes the process by which an organization or company recognizes to become more competitive?
a. innovation
b. quality
c. rationalization
d. knowledge capital

6. Which of the following can cause change in a business?
a. new technology
b. new processes
c. new attitudes
d. all of the above

7. The Japanese business philosophy of avoiding unnecessary waste is similar to
a. manual inventory counting
b. data mining
c. recycling
d. just-in-time inventory control

-thanks
 
I'm sure you'll find the answers in your class notes, textbook or Google.
Multiple choice questions are EASY.

Good luck in your studies,
~ Mitch ~
 
Back
Top