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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 Company Association
B
Standard Business Association
C
None of these
D
Small Business Administration
2) A business owned and controlled by two or more people who have entered into a written agreement.
A
Partnership
B
None of these
C
Proprietorship
D
Corporation
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
Organizing
B
Staffing
C
Controlling
D
Planning
4) Safety standards are regulated and enforced by which of the following agencies?
A
Environmental Protection Agency (EPA)
B
Occupational Safety and Health Administration (OSHA)
C
Americans with Disabilities Act (ADA)
D
Age Discrimination in Employment Act
5) Which of the following is NOT one of the four main elements of the international business environment?
A
Quotas
B
Geography
C
Economics
D
Culture
6) What type of economy does the US have?
A
traditional
B
piggy
C
command
D
market
7) Which of these is not a type of intellectual property protection?
A
trademark
B
copyright
C
patent
D
tariff
8) Under Wickard v. Filburn, economic activity that is entirely intrastate can be regulated by Congress under the
A
cumulative effects doctrine.
B
Geneva Convention
C
res ipsa loquitor theory.
D
supremacy clause.
9) Using the same strategy to market a product or service in every national market is
A
global strategy.
B
clone strategy.
C
multinational strategy.
D
universal strategy.
10) Which of these is not one of the classifications of producers?
A
consumer
B
manufacturer
C
farmer
D
extractor
*select an answer for all questions
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