Which article of the United States Constitution deals with the judicial power of the federal government?
SET 1
A local retail shop has been operating as a sole proprietorship. The business is growing and now the owner wants to incorporate. Which of the following is not a reason for this owner to incorporate?
A. the ease in transferring shares of the corporation s stock
B. ability to raise capital for expansion
C. desire to limit the owner s personal liability
D. the prestige of operating as a corporation
_____ are profitability ratios.
A. Price earnings and current ratio
B. Gross profit rate and return on sales
C. Dividend payout and rate of return in invested capital
D. Earnings per share and dividend yield
Which of the following is not one of the Caux Round Table Principles for International Business?
A. Responsibility of Business Beyond Shareholders Toward Stakeholders.
B. Support for Multilateral Trade.
C. Promotion of Multiculturalism.
D. Respect for the Environment.
E. Avoidance of Illicit Operations.
Which social responsibility theory has been advocated by Novel Prizewinning economist Milton Friedman?
A. Corporate social audit
B. Moral minimum
C. Stakeholder interest
D. Corporate citizenship
E. Maximizing profits
Which country does the text describe as becoming the largest producer and consumer of many of the world’s goods?
A. Ecuador
B. Canada
C. Mexico
D. China
E. Japan
One study found that manufacturing labor costs about ___ an
hour in China, compared to ____ dollars in the United States.
A. Less than $1; about 40
B. About $2; about 15
C. Less than $1; about 25
D. $2; about 25
E. Less than $1; about 15
Although the U.S. has had a longstanding agreement with ___________, after the passage of NAFTA, _________ became the United States’ second largest trading partner.
A. Canada, Venezuela
B. Canada, Mexico
C. Mexico, Canada
D. Mexico, Venezuela
E. Great Britain, Paraguay
Which of the following statements is generally NOT true about state intermediate appellate courts?
A. The appellate court allows the parties to introduce new evidence so long as it was not previously introduced at the original trial.
B. The appellate court reviews the record of the trial court.
C. The appellate court usually allows the parties to file briefs outlining support for their positions.
D. The appellate court allows the parties to make oral arguments outlining their position.
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