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BML Semester Exam 6
Test Description: BML Semester Exam Set 6
Instructions: Answer all questions to get your test result.
1) A government agency that helps small business owners develop business plans and obtain financing and other support for their companies.
A
Small Business Administration
B
Standard Business Association
C
Small Company Association
D
None of these
2) A business owned and controlled by two or more people who have entered into a written agreement.
A
None of these
B
Proprietorship
C
Corporation
D
Partnership
3) Which function of management is responsible for identifying and arranging the work and resources needed to achieve the goals that have been set?
A
Staffing
B
Organizing
C
Planning
D
Controlling
4) Safety standards are regulated and enforced by which of the following agencies?
A
Age Discrimination in Employment Act
B
Americans with Disabilities Act (ADA)
C
Occupational Safety and Health Administration (OSHA)
D
Environmental Protection Agency (EPA)
5) Which of the following is NOT one of the four main elements of the international business environment?
A
Culture
B
Geography
C
Economics
D
Quotas
6) What type of economy does the US have?
A
piggy
B
market
C
command
D
traditional
7) Which of these is not a type of intellectual property protection?
A
patent
B
trademark
C
copyright
D
tariff
8) Under Wickard v. Filburn, economic activity that is entirely intrastate can be regulated by Congress under the
A
res ipsa loquitor theory.
B
cumulative effects doctrine.
C
Geneva Convention
D
supremacy clause.
9) Using the same strategy to market a product or service in every national market is
A
global strategy.
B
multinational strategy.
C
universal strategy.
D
clone strategy.
10) Which of these is not one of the classifications of producers?
A
extractor
B
manufacturer
C
consumer
D
farmer
*select an answer for all questions
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