BAM 105 Final Exam

Jul 20th, 2016
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Introduction to Business 105 Final exam

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BAM 105Text:Business EssentialsEighth edition, 2011ISBN-13: 9780137053490Author(s):Ronald J. Ebert and Ricky W. GriffinPublisher:Pearson/Prentice Hall925 North Spurgeon Street, Santa Ana, CA 92701Phone: 714-547-9625 Fax: 714-547-5777www.calcoast.edu12/14Final ExaminationIntroduction to BusinessAll rights reserved. No part of this book may be reproduced or transmittedin any form or by any means, electronic or mechanical, including photocopying,recording or by any information storage and retrieval system without writtenpermission from the publisher, except for the inclusion of brief quotationin review.Copyright 2014 by California Coast UniversityBAM 105 Introduction to BusinessFinal ExaminationMultiple Choice Questions (Enter your answers on the enclosed answer sheet)1. A _____________ economy has characteristics of both planned and market economies.a. capitalistb. hybridc. privatizedd. mixed market2. A(n) ____________ occurs when the quantity supplied exceeds the quantity demanded.a. shortageb. surplusc. overaged. demand deficit3. _____________ exists when an industry has only a handful of sellers, most of which are large.a. An oligopolyb. A monopolyc. Monopolistic competitiond. Perfect competition4. The _____________ is the pattern of short-term ups and downs in an economy.a. standard of livingb. business cyclec. aggregate outputd. balance of payments5. The _____________ is the amount of money that the govern

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