Questions from Business Foundation

Q: a. In your own words, define a joint venture and

a. In your own words, define a joint venture and a syndicate. b. In what ways are joint ventures and syndicates alike? In what ways do they differ?

Q: a. What are the key skills that successful managers should have

a. What are the key skills that successful managers should have? b. For each skill, provide two reasons why a successful manager should have that skill.

Q: a. What is an affirmative action program? What is its

a. What is an affirmative action program? What is its purpose? b. Why did Congress create (and later strengthen) the Equal Employment Opportunity Commission? c. How can businesses reduce sexual harass...

Q: a. Why do firms engage in international trade? b

a. Why do firms engage in international trade? b. What is the difference between an absolute advantage and a comparative advantage? c. What is the difference between balance of trade and balance of pa...

Q: a. What are the four phases in the typical business cycle

a. What are the four phases in the typical business cycle? b. At the time you are studying the material in this chapter, which phase of the business cycle do you think the U.S. economy is in? Justify...

Q: Select the correct answer. /

Select the correct answer.

Q: a. Describe the four resources that must be combined to organize

a. Describe the four resources that must be combined to organize and operate a business. b. What is the difference between a manufacturing business, a service business, and a marketing intermediary? c...

Q: a. Is competition good for business? Is it good for

a. Is competition good for business? Is it good for consumers? b. Compare the four forms of competition. c. What is the relationship between supply and demand? d. Explain how the equilibrium, or marke...

Q: a. What are the major environmental issues facing society today?

a. What are the major environmental issues facing society today? b. What is businesses’ response to environmental concerns?

Q: a. How does your standard of living affect the products or

a. How does your standard of living affect the products or services you buy? b. What is the difference between the domestic system and the factory system? c. Choose one of the environments that affect...