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当代商业概论(全英) > 习题作业 > QUIZ > 进行测验: CH01-QUIZ What are profits?

A. total money taken in by a corporation

B. difference between revenues and expenses

C. increases in a corporation's stock price

D. increases in income from year to year

E. none of the above 问题 2 2 分 保存

A(n) _________________ is a nation’s basis for allocating its resources among its citizens.

A. capital structure B. economic system C. distribution network D. ownership system E. none of the above 问题 3 2 分 保存

The key difference between economic systems is the different ways in which they manage the

A. factors of production.

B. transportation of goods within their borders.

C. governmental rules and regulations. D. payment of workers. E. forests and lakes. 问题 4 2 分 保存

A(n) _________ is an individual who accepts the risks and opportunities entailed by creating and operating a new business.

A. director B. proprietor C. entrepreneur D. partner E. officer

问题 5 2 分 保存

Which of the following is NOT an example of physical resources?

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A. market forecasts B. office facilities C. computers

D. production facilities E. land

问题 6 2 分 保存

A planned economy relies on a centralized government to

A. support free enterprise in every way possible.

B. control all or most factors of production.

C. encourage citizens to buy shares of stock in small corporations.

D. keep its control activities to a minimum.

E. none of the above 问题 7 2 分 保存

Which of the following is identified by the textbook as being a communist nation?

A. Vietnam B. Sri Lanka C. Indonesia D. Malaysia E. Iraq

问题 8 2 分 保存

In a(n) __________ market, firms buy resources from suppliers. A. supply B. input C. output D. buyer E. open

问题 9 2 分 保存

Ford Motor Company sells its cars and trucks in a(n)

A. output market B. input market. C. supply market. D. selling market. E. open market

问题 10 2 分 保存

Which economic system provides for

the private ownership of the factors of production and also encourages entrepreneurship by offering profits as an incentive?

A. socialism B. communism C. fascism

D. state medical plan E. capitalism

问题 11 2 分 保存

The process of converting government enterprises into privately owned firms is called

A. supply. B. demand. C. privatization. D. socialism. E. communism.

问题 12 2 分 保存

Which of the following responses best defines the term demand?

A. willingness and ability of buyers to purchase a product, good, or service

B. an inner desire that must be satisfied C. an order given to a supplier of a much-needed product

D. a want and need felt by the consuming public in a free-market system

E. none of the above

问题 13 2 分 保存

"Buyers will purchase (demand) more of a product as its price drops and less of a product as its price increases." This is referred to as

A. the buyers' code of conduct. B. the eternal purchase guideline. C. the "asking factor." D. the law of demand.

E. the greater sucker theory. 问题 14 2 分 保存

Which statement below best states the law of demand?

A. As the price goes up, I like it better.

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B. When I want it, price makes no difference to me.

C. As the price goes down, I like it better.

D. Good advertising affects my desire for a product more than price.

E. Well over 90 percent of shoppers pay no attention to price

问题 15 2 分 保存

Under the law of demand, which situation sketched below will be accompanied by more purchasing of a product?

A. the consumer's need for the product

B. lowering the price of the product C. raising the price of the product as an indication that it is hign quality

D. the so-called "popularity" of the product

E. the knowledge that possessing such a product can add to a person's positive image

问题 16 2 分 保存

A __________ shows how many of a given product will be demanded at different prices.

A. demand curve B. supply curve C. price list D. price control

E. none of the above

问题 17 2 分 保存

When plotted on the same graph, the supply curve and the demand curve will normally

A. run parallel to one another.

B. one curve point up, one curve point down

C. cross one another at some point. D. be far apart due to the "eruption factor" known for years in supply and demand.

E. get closer together as demand

increases, but never intersect. 问题 18 2 分 保存

The price at which the quantity of goods demanded and the quantity of goods supplied are equal is referred to as A. the equilibrium price. B. consumer equality price. C. the deal maker price. D. the motion point price. E. market equality price. 问题 19 2 分 保存

In the city of Westminster, market analysts have observed that all Christmas trees offered for sale will be purchased at a price of $20.00 and all demand will be satisfied. In this market, $20.00 is the A. equilibrium price. B. demand price. C. supply price. D. enterprise price. E. margin price.

问题 20 2 分 保存

In the city of Westminster, Christmas trees are being sold for $25.00. At this price, all trees are buyers are able to satisfy their demand and some trees remain unsold. This is the market condition known as

A. demand deficit. B. stoppage. C. supply deficit. D. shortage. E. surplus.

问题 21 2 分 保存

When the quantity demanded exceeds the quantity supplied, a __________ will result.

A. demand deficit B. stoppage

C. equilibrium point D. shortage E. surplus

问题 22 2 分 保存

Of the following statements, which best

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captures the notion of private enterprise A. Individuals pursue their own interests without government restriction. B. Certain business activities are to remain "private."

C. Businesses can do anything they want, free of any legal restraints.

D. Small businesses will do better than big businesses.

E. None of the above.

问题 23 2 分 保存

Which of the following is NOT one of the four elements required in private enterprise?

A. private property rights B. stability of cash flow C. freedom of choice D. profits

E. competition

问题 24 2 分 保存

In perfect competition, which of the following conditions must prevail?

A. All firms in a given industry must be small.

B. The number of firms in the industry must be large.

C. The products offered by the firms are so similar that buyers can't tell the difference.

D. All of the above are true. E. None of the above are true. 问题 25 2 分 保存

Which of the following is NOT characteristic of perfect competition? A. many firms in industry B. firms are small

C. great similarity among products offered by different firms

D. easy entry into the industry

E. products from different firms are easily differentiated from one another 问题 26 2 分 保存

In the United States, milk is produced on thousands of farms, with no producer

dominating the market. Producers sell milk at the going price and are unable to influence this price. Millions of gallons of milk are purchased every day. The market for milk is best described as A. a monopoly. B. an oligopoly.

C. perfect competition.

D. monopolistic competition. E. passive competition. 问题 27 2 分 保存

Of the following, which is a way in which monopolistic competition differs from perfect competition?

A. There are more sellers in a market characterized by monopolistic competition.

B. It is easier for sellers to enter a market/industry characterized by monopolistic competition.

C. In a perfectly competitive market, products are more dissimilar.

D. In a market characterized by monopolistic competition, individual firms have some control over price. E. None of the above. 问题 28 2 分 保存

__________ exists when an industry has only a handful of sellers, most of which are large.

A. A monopoly B. An oligopoly

C. Perfect competition

D. Monopolistic competition E. None of the above

问题 29 2 分 保存

Which of the following is NOT true of an oligopoly?

A. Competing firms have very similar prices for products.

B. There are few sellers.

C. Prices differ greatly among sellers. D. Entry into the industry is difficult. E. The actions of one firm will

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significantly affect the sales of other firms.

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