BUS155 Midterm Exam Answers
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BUS155 Midterm Exam Answers
Question1: (TCO 1) A(n)
_____________ curve shows the relationship between the price of a good and the
quantity of that good which people are willing and able to buy in a given time
period.
Question2: (TCO 1) As a factor of
production, the term capital includes
Question3: (TCO 1) Which of the
following is a factor of production?
Question4: (TCO 1) The total value
of final goods and services produced within a nation’s borders in a given year
is known as that nation’s
Question5: (TCO 4) Which of the
following statements about the operation of a corporation is correct?
Question6: (TCO 4) An entrepreneur
who wishes to start a business with little delay or hassle, and who wants to be
his or her own boss, should organize the business as a:
Question7: (TCO 2) Which of the
following would least likely involve ethical concerns?
Question8: (TCO 2) Obeying the law
is ________ ethical behavior
Question9: (TCO 4) Which of the
following statements about buying a franchise is most accurate?
Question10: (TCO 4) Mara plans to
open a shop specializing in foods and cultural items from the Middle East. She
wants to be the firm’s only general partner, but she is trying to get several
friends to participate as limited partners. Apparently Mara wants to:
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