I need more help with my General Business Homework

Posted on 2014-03-29 10:27:00 in Management by CINDYE

12. Lance and Laurie live on three acres of land in North Carolina, with two llamas, five goats, six chickens, and two dogs. The goats provide milk, cheese, yogurt, and even fiber that is woven into yarn; the chickens provide free-range eggs; and the llamas serve as protection for the other animals. Although Lance and Laurie have other professional jobs, their home lifestyle represents _______.



a. a need to challenge the competitive environments of big businesses that sell the same products



b. a growing trend in the social environment to have more control of the food they eat and where it comes from



c. an aversion to technological advancement leading to a slower and less productive life



d. a desire to pay less sales tax on foods and other staple products at the larger stores



13. Which of the following circumstances is most likely to reduce one’s standard of living?



a. A decrease in the cost of some goods such as a decrease in housing prices.



b. An increase in the cost of some goods such as escalating gasoline prices.



c. Losing your job, but gaining a sizeable inheritance.



d. Stable prices and an increase in employee wages.



14. An increase in global trade will:



a. increase global competition.



b. decrease jobs.



c. increase political instability.



d. increase prices.



15. Which of the following is the best example of a business whose goal is to earn a profit?



a. Best Buy, Inc.



b. A community college



c. Boy Scouts of America



d. The Salvation Army



16. To encourage entrepreneurial growth, governments might _______.



a. pass laws that enable businesspeople to write contracts that are enforceable in court



b. take over ownership of small businesses when they are first getting started



c. reduce the value of their currency to encourage foreign investment



d. establish a high tax rate to support loans for small businesses



17. Profits equal _______.



a. revenues plus expenses, less taxes



b. the sales dollars that a business acquires, over time



c. the owner’s annual salary



d. the funds available for business growth, after expenses and salaries are paid



18. The statistical study of human population to learn its size, density, and characteristics is called:



a. demography.



b. geometry.



c. econometrics.



d. psychographics.



19. Today, high-paying service-sector jobs in the U.S. can be found in ___________________.



a. the automobile industry



b. machine tools production



c. entertainment



d. farming



20. Sergio Gonzales is employed by Bigbux National Bank, one of the largest banks in the Midwest. He is a loan officer, specializing in home equity loans. Tio Raul, Sergio's favorite (and wealthiest) uncle, passed away last month and left Sergio a sizable amount of money. Sergio is looking at the best way to invest his newly acquired wealth. He is considering many options, ranging from simply putting the money into a savings account to the possibility of starting his own business. Although his bank job pays well and offers pleasant working conditions, Sergio is frustrated because he has little freedom or flexibility to deal with customers since every decision he makes must be approved by his supervisor. Besides, he's a bit bored and looking for a challenge. He thinks he might get a lot of satisfaction from owning his own business. Sergio has not made a definite decision yet, but has talked to a lot of people searching for a good idea for a new business. If he can come up with an idea he likes, he might just quit his current job and use his inheritance to go into business for himself!





As he explores his options for starting a new business, Sergio has looked into the tax implications and government regulations that he would encounter. He wants to maintain an office in a different location from his home. He has discovered that some nearby communities offer tax credits and lower taxes than his town. Sergio's decision will be influenced by the:



a. demographic environment.



b. technological environment.



c. economic and legal environment.



d. socio-religious environment.

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