Question

The transformation of raw materials into products and services is the responsibility of which functional area...

The transformation of raw materials into products and services is the responsibility of which functional area of a business?

A. Management
B. Operations
C. Marketing
D. Finance

The United States is best described as a ______ system.

A. free market
B. socialist
C. mixed market
D. none of the above

To counter a recession, the Feds would normally:

A. decrease interest rates
B. increase interest rates
C. leave interest rates unchanged
D. add promotional gifts on borrowing

When Gross Domestic Product (GDP) is high, unemployment tends to be:

A. low
B. high
C. stable
D. these two things are not related

Which of the following in an external factor that can affect a business?

A. Consumer trends
B. Operations
C. Pricing Strategies
D. all of the above
Business   Economics   
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Homework Answers

Answer #1

Q1. Option B
Operation involves production activity which transforms raw materials or inputs to final goods and services

Q2. Option C
As both private and government both play important roles in a mixed economy

Q3. Option A
In order to increase economic activity, interest rates need to de decreases so that money flow increases

Q4. Option A
Higher the GDP, more would be employment and lesser unemployment

Q5. Option A
Consumer trends is an external factor that would influence the decisions

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