General Agreement on Tariffs and Trade and Correct Answer
Question 1 .3 out of 3 points Correct As competition has become truly global, free trade has resulted in ____ prices and ____ quality across virtually every product category.
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Selected Answer: lower; higher
Correct Answer: lower; higher . Question 2 .3 out of 3 points Correct Entrepreneurs
Answer
Selected Answer: create benefits for others while seeking profit for themselves.
Correct Answer: create benefits for others while seeking profit for themselves. . Question 3 .3 out of 3 points Correct In order to compete effectively, many companies have taken proactive steps to hire and nurture people from a broad range of backgrounds. This is an example of which business environment?
Answer
Selected Answer: social
Correct Answer: social . Question 4 .0 out of 3 points Incorrect Doing business today without harming the ability of future generations to meet their needs is referred to as
Answer
Selected Answer: social responsibility.
Correct Answer: sustainability. . Question 5 .3 out of 3 points Correct Given the importance of _____ to workforce effectiveness, some business experts, such as management guru Peter Drucker, separate this factor from human resources.
Answer
Selected Answer: knowledge
Correct Answer: knowledge . Question 6 .0 out of 3 points Incorrect It was during this era that many businesses began to dominate their markets, forcing out competitors, manipulating prices, and exploiting workers, which lead the government to pass laws regulating business.
Answer
Selected Answer: Industrial Revolution
Correct Answer: Entrepreneurship Era . Question 7 .3 out of 3 points Correct In 1995, a renegotiation of the General Agreement on Tariffs and Trade (GATT) took bold steps to lower tariffs and to reduce trade restrictions. A tariff is a
Answer
Selected Answer: tax on imports.
Correct Answer: tax on imports. .
Answer
Selected Answer: lower; higher
Correct Answer: lower; higher . Question 2 .3 out of 3 points Correct Entrepreneurs
Answer
Selected Answer: create benefits for others while seeking profit for themselves.
Correct Answer: create benefits for others while seeking profit for themselves. . Question 3 .3 out of 3 points Correct In order to compete effectively, many companies have taken proactive steps to hire and nurture people from a broad range of backgrounds. This is an example of which business environment?
Answer
Selected Answer: social
Correct Answer: social . Question 4 .0 out of 3 points Incorrect Doing business today without harming the ability of future generations to meet their needs is referred to as
Answer
Selected Answer: social responsibility.
Correct Answer: sustainability. . Question 5 .3 out of 3 points Correct Given the importance of _____ to workforce effectiveness, some business experts, such as management guru Peter Drucker, separate this factor from human resources.
Answer
Selected Answer: knowledge
Correct Answer: knowledge . Question 6 .0 out of 3 points Incorrect It was during this era that many businesses began to dominate their markets, forcing out competitors, manipulating prices, and exploiting workers, which lead the government to pass laws regulating business.
Answer
Selected Answer: Industrial Revolution
Correct Answer: Entrepreneurship Era . Question 7 .3 out of 3 points Correct In 1995, a renegotiation of the General Agreement on Tariffs and Trade (GATT) took bold steps to lower tariffs and to reduce trade restrictions. A tariff is a
Answer
Selected Answer: tax on imports.
Correct Answer: tax on imports. .