please help! help! business question!?

Wealth Review News — Sat, 17 Apr 2010 17:26:41 +0000

1.41
(2 pts.)88. The government of Ruritania has implemented many programs that promote equality, but has become concerned about the very slow rate of growth that has plagued the national economy for many years. In order to address this problem, the government is likely to:

A. make sure to balance its budget.
B. avoid the use of fiscal policies and reduce the supply of money in circulation.
C. reduce taxes and cut back on some social programs.
D. take control of more major industries.
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(2 pts.)162. When WorldCom used intentional accounting irregularities to make the company look more profitable than it actually was, it:

A. was engaging in illegal behavior.
B. was acting in an acceptable business manner.
C. was executing its responsibility to its owners.
D. provided its stockholders profit through a tax-loophole.
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(2 pts.)101. A major benefit of socialism is assumed to be its:

A. ability to stimulate rapid economic growth.
B. emphasis on social equality.
C. emphasis on low tax rates.
D. ability to create strong incentives to work hard.
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(2 pts.)60. Which of the following statements about US government deficit spending is most accurate?

A. The federal government violates the law by running deficits because the U.S. Constitution requires the government to balance its budget each year.
B. One reason the government has a hard time reducing deficits is that there is a great deal of pressure on the government to expand its spending each year.
C. The government has used deficit spending to lower the national debt.
D. Although the government used to run big deficits, it has consistently run surpluses since the late 1980s.
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(2 pts.)232. Businesses can best meet their responsibility to society by:

A. shifting the blame for product liability cases onto the legal system.
B. creating wealth for their stockholders.
C. creating markets for domestic products.
D. supporting their preferred government officials.
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(2 pts.)230.Patrick has a business in a building which he owns. Patrick is able to maintain ownership of these items under the right to:

A. private property.
B. freedom of competition.
C. eminent domain.
D. freedom of choice.
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(2 pts.)246. Traders in the 18th century were encouraged to focus on selling their nation’s goods in the global market to create a favorable balance of trade. Nations attempted to sell more goods to other nations than they bought from other nations. This approach to global trading is called:

A. protectionism.
B. ethnocentrism.
C. mercantilism.
D. isolationism.
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(2 pts.)220. Jorge Martinez is a hard working entrepreneur who operated a successful business in his home country of Margintina for many years. Recently, however, he immigrated to the United States and applied for U.S. citizenship. "In Margintina, tax rates were very high," Jorge complained. "The government used the taxes I paid to finance all sorts of social programs to help the less fortunate. While this is a noble goal, it has really undermined the profit incentive of individuals such as me. I really feel that these high taxes have stifled economic growth." Jorge’s comments illustrate the reason many socialist countries are experiencing a(n):

A. brain drain.
B. budget surplus.
C. antitrust problem.
D. depression.
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(2 pts.)179. Which of the following is a characteristic of an effective ethics officer?

A. (S)he communicates primarily via email.
B. (S)he has a background in human resource management.
C. (S)he is exceptionally organized.
D. (S)he has a capacity to serve as a counselor and an investigator.
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(2 pts.)61. __________ is characterized by a large number of firms selling products that appear to be identical.

A. Perfect competition
B. Microeconomic competition
C. Monopolistic competition
D. Oligopoly

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please help! help! business question!?

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