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B233 Quizes
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Part I Essay (10 points) A reference USA TODAY Wed June 10,1998 or the usatoday.com Website.

1. �What are business firms doing to solve the Y2000 problem (glitch) on older computers. �State the nature of the problem

and approaches firms are using to solve the problem. �(40-75 words) (5 points)

2. �Competion among business has never been greater. �Identify and describe several ways that businesses can compete, both now and in the future.(5 points) (30-75 words)

Part II M/C (1 points each)

1. �An activity which seeks to earn a profit by providing a good or service is known a (an):
�a. �industry
� �b. �corporation
c. �business
� �d. � service

2. �MacTeck Enterprises is a corporation that has recently embarked on a policy of downsizing. �This means that MacTeck is:
� a. �building smaller factories � �b. �putting emphasis on satisfying �even its smallest customers

c. �lowering quality standards � d. �laying off some ot its workers

3. ________ is the money a business earns above and beyond what it spends for salaries, expenses, and other costs.

a. �Profit � � � �b. Revenue � �� �c. �Interest � � � � �d. �Retained earnings

4. �A typical supply curve suggests that if the price of a good increases , the quantity sellers are and able to supply will:

a. �decrease � �b. �increase � � c. �remain the same � � d. �initially increase, but eventually will start to decline

The following in NOT an internet search engine; Understanding and Using the Internet
a.Open Text
b. Webcrawler
c. Excite
d. Scientia

Part III T/F �EXPLAIN (3 points)

1. �A typical supply curve shows a relationship between the�amount of labor a firm hires and the amount of output it can produce. �Explain why or why not.

Sample Quiz 2(C 3) (20 Points)

Part I completion with an example �3 points each

_____is selling products to another country�Example

2._______is the practice of selling products for less in a foreign
country than is charged in the producing country. �Example

______is an agreement in which a producer allows a foreign company to produce
its product in exchange for rolalties. Example

Essay(8 points)

List and discuss 4 global strategies.

Sample B120 Quiz 3(C 4,5 and 6 Internet and Current Issues)(20 Points)

Part I Completion with an example (3 Points each)(6 Points)
1. _______ethics codes emphasize the prevention of unlawful behavior by increasing control and by penalizing wrongdoers. This code emphasizes core values, such as honesty and fair play. Example____
2.A business that takes a public position on a political issue is exercising_______ ___responsibility. Example_______
Part II M/C (1 point each)(5 Points)
1.Ethical behavior covers a______range of conduct than does legal behavior.
a. wider b. narrower c. smaller d. lower
2. A partner who invests money in a business, but who does not take an active role in management or assumes liability for the firms losses is known as a (n)________ partner:
a. select b. limited c. partial d. corporate e. married
3. A creative person who works within a corporation to develop new products or services to generate new profits is known as a (n):
a. arbitarator. b. arbitrageur. c. extrapolator. d. intrapreneaur. e. mediator.
4. In the common shorthand of e-mail messages, if I were ROTFL someone probably
a.told me a joke b.sent me a large email message c.told me about a great web site d. complimented my Internet site
5. It has been described as *a world-wide distributed discussion system*:
a. Gopher b. WAIS c. Usenet d. WWW
Part III Essay (9 points
1. Not everyone is cut out to be an entrepreneur. List and describe four traits that entrepreneurs should possess.(4 Points)
2. What is the HTML tag for an E-Mail hot link on a web page. Provide an example.(5 points)