1.Dumping ________.

a. is typically prevented by providing export subsidies to local producers

b. is a strategy used by firms to enter an industrialized nation

c. involves selling a product at a price lower than the cost of production

d. is a strategy used by organizations to enter a developed market

e. refers to the practice of selling products in small quantities

2. A(n) ________ shows the relationship between the amount of product that buyers will purchase at various prices, all other factors being equal.

a. demand curve

b. supply curve

c. inflation rate

d. deflation rate

e. competitive balance

3. A(n) ________ is allowed to raise money by selling units of ownership to the general public in the same way corporations sell shares of stock to the public.

a. sole proprietorship

b. unlimited proprietorship

c. master limited partnership

d. general partnership

e. limited liability partnership

4. An organization that seeks to operate efficiently and effectively to achieve its goals without focusing on profit as a motive is a ________.

a. service business

b. government-owned corporation

c. nonprofit organization

d. goods-producing business

e. business intermediary

5. In a ________, companies can decide what to produce, how to produce, whom to sell to, and at what price to sell.

a. free-market system

b. regulated economy

c. socialist economy

d. planned system

e. communist economy