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business
introduction e-business management

Business Principles And Management 12th Edition James L. Burrow, Kenneth E. Everard, Brad Kleindl - Solutions

Business that uses both a physical location and the Internet for sales Write the letter of the term that matches each definition.a. banner adb. bricks-and-click businessc. bricks-and-mortar businessd. domain namee. dot-com businessf. e-commerce g. electronic shopping carts h. Internet domain i.
Company that does almost all of its business activities over the Internet Write the letter of the term that matches each definition.a. banner adb. bricks-and-click businessc. bricks-and-mortar businessd. domain namee. dot-com businessf. e-commerce g. electronic shopping carts h. Internet domain i.
Using the Internet to buy and sell online Write the letter of the term that matches each definition.a. banner adb. bricks-and-click businessc. bricks-and-mortar businessd. domain namee. dot-com businessf. e-commerce g. electronic shopping carts h. Internet domain i. pixel j. social networking k.
Writing You work for one of three manufacturers that sells nationally.You have heard that your company has discussed prices of a product that all three manufacturers sell but that has become unprofitable to each. These companies believe that it is foolish to sell at a loss. They all agree to raise
Math You live in a state that has the following tax schedule:Taxable Income Rate$0–$6,999 no tax 7,000–14,999 5%15,000–24,999 6%25,000 and over 7%Your state allows everyone $2,000 of exemptions from total income to arrive at taxable income. Your total income this year is only $12,000 because
Research Use the library or the Internet to research the history of the Sherman Antitrust Act. Identify the unethical business practices that led to the passage of this law. Identify the most recent use of this act.Specify how the U.S. economy is stronger because of the Sherman Antitrust Act.
Explain how a computer software program might be both copyrighted and licensed.
Explain how it is possible for a business to continue operating even after it has filed for bankruptcy.
Explain why state and local governments would want to regulate businesses.
Explain why it is necessary for the federal government to pass laws promoting fair competition.
Discuss how a business that has a monopoly on a good or service can keep its prices unreasonably high.
Which of the following are controlled by building codes?a. physical featuresb. maximum heightc. types of materials that can be usedd. all of the above
State and local governments limit and control those who plan to enter certain types of businesses by issuinga. patentsb. copyrightsc. trademarksd. licenses
A tax on real estate is calleda. excise taxb. home taxc. property taxd. real property tax
Which of the following are true for computer cookies?a. They are stored on the user’s own computer.b. They can track where users go on the Internet.c. They can gather information on user interests and preferences for marketing purposes.d. All of the above are true.
A contract that permits a person or organization to use public property for private profit is calleda. public franchiseb. public licensec. public patentd. none of the above
An agreement in which the federal government gives an author the sole right to reproduce, publish, and sell literary or artistic work is called aa. patentb. copyrightc. trademarkd. license
A type of tax in which the actual tax rate decreases as the taxable amount increases is thea. proportional taxb. regressive taxc. progressive taxd. sales tax
Value of property determined by tax officials Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate commerce g. intrastate commerce h. personal property tax i.
Tax on movable possessions Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate commerce g. intrastate commerce h. personal property tax i. price discrimination
Tax levied on retail price of goods and services when they are sold Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate commerce g. intrastate commerce h.
Business transacted within a state Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate commerce g. intrastate commerce h. personal property tax i. price
Tax that applies only to selected goods or services, such as cigarettes and gasoline Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate commerce g. intrastate
Tax rate that remains the same regardless of the income Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate commerce g. intrastate commerce h. personal
Regulating which land areas may be used for homes and which may be used for different types of businesses Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate
Responsibility for physical or economic injury arising from incorrect data or wrongful use of data Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate commerce
Distinguishing name, symbol, or special mark placed on a good or service that is legally reserved for the sole use of the owner Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information
Legal process that allows the selling of assets to pay off debts Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate commerce g. intrastate commerce h.
Advertising that is misleading in some important way Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate commerce g. intrastate commerce h. personal property
Setting different prices for different customers Write the letter of the term that matches each definition. Some terms will not be used.a. assessed valuationb. bankruptcyc. excise taxd. false advertisinge. information liabilityf. interstate commerce g. intrastate commerce h. personal property tax
Writing Assume you are working for a politician who is running for office based on increasing economic growth in the United States.Write a speech indicating how the United States can obtain economic growth and what specifically the politician will do to create this growth.
Speaking Develop an argument in favor of or against one type of economic system outlined in the chapter. Relate your arguments to other points brought up in the chapter such as how economic wants are met, how utility is decided, how factors of production are distributed, and how capital is formed.
Technology Use presentation software such as PowerPoint to show how a variety of technology tools are being used to increase labor productivity. Be specific with your examples.
Math Use the Consumer Price Index information provided in Figure 3-4 to determine the following.a. What was the percentage of increase between 1983 and 1998?b. What was the percentage of increase between 1998 and 2006?c. If the percentage of increase between 1983 and 2006 remains the same between
Research Use your school library or the Internet to research the Great Depression. Identify the causes and the impact of the Great Depression on the economy of the United States. List the strategies that were used to move the U.S. economy out of the Great Depression.
Compare the three basic economic systems in terms of the economic opportunities available to businesses.
Discuss why the following statement might be true: Economic decisions in a capitalist country are influenced by the federal government about 10 percent of the time; in a socialist country about 50 percent of the time; and in a communist country about 90 percent of the time.
Describe how form, place, and time utility apply to a small pizza business that just opened in your community.
Compare capitalism, socialism, and communism as to (a) how each allocates scarce resources among alternative wants and (b) the existence of private property.
Describe how an economic want differs from a noneconomic want.Give an example of each.
People havea. economic wantsb. noneconomic wantsc. both economic and noneconomic wantsd. no wants
An economic system that uses aspects of a market economy and a command economy to make decisions about what, how, and for whom goods and services will be produced is called a(n)a. average economyb. market economyc. mixed economyd. socialist economy
The accumulated knowledge and skills of human beings and the total value of each person’s education and acquired skills are calleda. human capitalb. human potentialc. human knowledged. human labor
Which of the following is true about labor in today’s world?a. Low-cost labor is the key to U.S. competitiveness.b. Physical effort is much less important than mental effort.c. Computers will be able to take the place of mental effort.d. All of the above are true.
Factors of production includea. money onlyb. labor and capital goods onlyc. land (natural resources), labor, and capital goods onlyd. land (natural resources), labor, capital goods, and entrepreneurship
When a country’s output exceeds its population growth it will havea. inflationb. economic growthc. a recessiond. none of the above
The average change in prices of consumer goods and services typically purchased by people living in urban areas is known as thea. Capital Price Indexb. Consumer Price Indexc. National Price Indexd. Product Price Index
The free-enterprise system, which operates in a democracy, is calleda. capitalismb. communismc. socialismd. free market
Buildings, tools, machines, and other equipment that are used to produce other goods but do not directly satisfy human wants Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand
Pattern of irregular but repeated expansion and contraction of the GDP Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g. depression h. economic wants i. human capital j.
Desire for scarce material goods and services Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g. depression h. economic wants i. human capital j. inflation k. labor l. mixed
Number of like products that will be offered for sale at a particular time and at a certain price Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g. depression h. economic
Ability of a good or a service to satisfy a want Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g. depression h. economic wants i. human capital j. inflation k. labor l.
Decline in the GDP that continues for six months or more Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g. depression h. economic wants i. human capital j. inflation k.
Items of value that individuals have the right to own, use, and sell Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g. depression h. economic wants i. human capital j.
Transfer of authority to provide a good or service from a government to individuals or privately owned businesses Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g.
Rapid rise in prices caused by an inadequate supply of goods and services Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g. depression h. economic wants i. human capital j.
Anything provided by nature that affects the productive ability of a country Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g. depression h. economic wants i. human capital
Human effort, either physical or mental, that goes into the production of goods and services Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g. depression h. economic wants
Economic-political system in which the government controls the use of the country’s factors of production Write the letter of the term that matches each definition. Some terms will not be used.a. business cyclesb. capital goodsc. capitalismd. command economye. communismf. demand g. depression h.
Businesses that produce goods used by other businesses or organizations to make things Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i.
Organization that produces or distributes a good or service for profit Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i. global competition
Producing products and services quickly, at low cost, without wasting time and materials Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i.
Something entirely new Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i. global competition j. gross domestic product (GDP)k. industrial
Businesses that use mostly labor to offer mostly intangible products to satisfy consumer needs Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h.
Activity that involves making a product or providing a service Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i. global competition j. gross
Ability of businesses from one country to compete with similar businesses in other countries Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor
Parent company of a franchise agreement that provides the product or service Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i. global
Quantity produced within a given time Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i. global competition j. gross domestic product (GDP)k.
All businesses within a category doing similar work Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i. global competition j. gross domestic
Total market value of all goods and services produced in a country in a year Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i. global
Products made by firms in other countries Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i. global competition j. gross domestic product
Someone who starts, manages, and owns a business Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g. franchisee h. franchisor i. global competition j. gross domestic
To reduce the amount and variety of goods and services produced and the number of employees needed to produce them Write the letter of the term that matches each definition. Some terms will not be used.a. businessb. commercial businessesc. downsized. efficiencye. entrepreneurf. foreign goods g.
The difference between earned income and costs isa. financeb. start-up costsc. profitd. revenue
Coal-mining and construction companies are examples ofa. industrial businessesb. commercial businessesc. service businessesd. domestic businesses
When Apple Computer built a personal computer it was an example ofa. global competitionb. a new-product franchisec. a marketing activityd. an innovation
A result of global competition on the U.S. auto industry was thata. laws were passed to prevent foreign auto sales in Americab. U.S. manufacturers improved quality and efficiencyc. consumers preferred U.S. brands over foreign brands of carsd. no companies were able to make a profit
A company that is committed to total quality managementa. hires managers with college degreesb. asks employees to emphasize efficiency rather than effectivenessc. uses teamwork and improved work proceduresd. all of the answers are correct Write the letter of the term that matches each definition.
Efficiency can be achieved in all of the following ways excepta. specialization of effortb. setting a lower price than competitorsc. using better technology and innovationd. reorganizing work activities
The gross domestic product (GDP) of the United States is approximately equal to that ofa. Chinab. all of the countries in the European Unionc. England and Franced. the rest of the world
An important measure of individual well-being isa. the poverty rateb. average family incomec. the standard of livingd. all of the answers are correct
Why is the supply and demand of products important to both businesses and consumers?
Why do you believe some innovations are successful whereas others are not?
Do you believe that most U.S. businesses are getting better at meeting the challenges of global competition? Why or why not?
Do you believe it is more important for a business to be more effective, be more efficient, or try to balance both? Justify your choice.
Why do you believe employees would want to work in a business that believes in empowerment even when it often means more work and responsibility?
Research Use your school library or the Internet to identify the top 10 industries in the United States based on the number of businesses in the industry. Prepare a bar chart to report your findings. Make sure to carefully label all of the information.
Math Use the U.S. GDP figures shown below to answer these questions:(a) What is the actual number of dollars for 1970? Show all the necessary digits. (b) What is the percent of increase for each decade? (c) Calculate the total percent of increase from 1970 to 2000. (d) Determine the average yearly
Technology Use a word-processing or desktop publishing program to create a historic timeline that illustrates every decade from 1950 to the present. Use the Internet to identify an important innovation that had a major impact on businesses and consumers for each decade.Complete the timeline by
Speaking You are a manager at a company that is implementing a program to empower employees. Prepare a speech that could be presented to the employees that will inform them about the program and the benefits to them and to the business. You may want to prepare a slide presentation using a computer
Writing At a library or on the Internet, find a recent article about problems a U.S. company or industry is having in competing with foreign companies. Write a report describing the problems and what the U.S. companies are doing to compete more successfully.
High-birth-rate period between 1945 and 1965 Write the letter of the term that matches each definition. Some terms will not be used.a. baby boomb. baby bustc. business ethicsd. code of ethicse. comparable worthf. ethics g. Generation X h. glass ceiling i. labor force j. labor participation rate k.
Low-birth-rate period that followed the boomer period Write the letter of the term that matches each definition. Some terms will not be used.a. baby boomb. baby bustc. business ethicsd. code of ethicse. comparable worthf. ethics g. Generation X h. glass ceiling i. labor force j. labor participation
Group that includes most people 16 or over who are available for work, whether employed or unemployed Write the letter of the term that matches each definition. Some terms will not be used.a. baby boomb. baby bustc. business ethicsd. code of ethicse. comparable worthf. ethics g. Generation X h.
Percentage of the labor force that is either employed or actively seeking employment Write the letter of the term that matches each definition. Some terms will not be used.a. baby boomb. baby bustc. business ethicsd. code of ethicse. comparable worthf. ethics g. Generation X h. glass ceiling i.
Invisible barrier to job advancement Write the letter of the term that matches each definition. Some terms will not be used.a. baby boomb. baby bustc. business ethicsd. code of ethicse. comparable worthf. ethics g. Generation X h. glass ceiling i. labor force j. labor participation rate k. Net
Inability of workers to move up from low-level jobs Write the letter of the term that matches each definition. Some terms will not be used.a. baby boomb. baby bustc. business ethicsd. code of ethicse. comparable worthf. ethics g. Generation X h. glass ceiling i. labor force j. labor participation
Paying workers equally for jobs with similar but not identical job requirements Write the letter of the term that matches each definition. Some terms will not be used.a. baby boomb. baby bustc. business ethicsd. code of ethicse. comparable worthf. ethics g. Generation X h. glass ceiling i. labor
To work from home or on the road, staying in contact with employer electronically Write the letter of the term that matches each definition. Some terms will not be used.a. baby boomb. baby bustc. business ethicsd. code of ethicse. comparable worthf. ethics g. Generation X h. glass ceiling i. labor

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