13. What is the term given to the groups, individuals, and organizations that are directly affected by the practices of an organization? A) Primary agents of interest B) Social auditors C) Competitors D) Organizational stakeholders 14. The Chinese government controls all factors of production, the Chinese government has which type of economic systems? A) Capitalism B) Socialism C) Market D) Communism 8. Which of the following occurs when someone uses confidential information to gain fromthe purchase or sale of stocks?A) identity theftB) a margin purchaseC) insider tradingD) collusion9. What is the environment where a firm conducts business known asA) Global business environmentB) Economic environmentC) Domestic business environmentD) Technological environment10. What is the willingness and ability of producers to offer a good for sale referred to as?A) Private enterpriseB) SupplyC) Free market economyD) Law of supply11. A key to business success is to decide in advance how to respond to the issues thatunderlie all questions of ethics andA) personnel complaintsB) compensatory damagesC) governmental supportD) social responsibility12. Which of the following does NOT fall into the degrees of competition continuum?A) Perfect competitionB) Monopolistic competitionC) Competitive advantageD) Oligopoly13. What is the term given to the groups, individuals, and organizations that are directlyaffected by the practices of an organization?A) Primary agents of interestB) Social auditorsC) CompetitorsD) Organizational stakeholders14. The Chinese government controls all factors of production, the Chinese government haswhich type of economic systems?A)CapitalismB) SocialismC) MarketD)Communism

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13. What is the term given to the groups, individuals, and organizations that are directly affected by the practices of an organization? A) Primary agents of interest B) Social auditors C) Competitors D) Organizational stakeholders

13. What is the term given to the groups, individuals, and organizations that are directly affected by the practices of an organization? A) Primary agents of interest B) Social auditors C) Competitors D) Organizational stakeholders

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

13. What is the term given to the groups, individuals, and organizations that are directly affected by the practices of an organization?

A) Primary agents of interest

B) Social auditors C) Competitors

D) Organizational stakeholders

14. The Chinese government controls all factors of production, the Chinese government has

which type of economic systems?

A) Capitalism B) Socialism

C) Market

D) Communism

8. Which of the following occurs when someone uses confidential information to gain from
the purchase or sale of stocks?
A) identity theft
B) a margin purchase
C) insider trading
D) collusion
9. What is the environment where a firm conducts business known as
A) Global business environment
B) Economic environment
C) Domestic business environment
D) Technological environment
10. What is the willingness and ability of producers to offer a good for sale referred to as?
A) Private enterprise
B) Supply
C) Free market economy
D) Law of supply
11. A key to business success is to decide in advance how to respond to the issues that
underlie all questions of ethics and
A) personnel complaints
B) compensatory damages
C) governmental support
D) social responsibility
12. Which of the following does NOT fall into the degrees of competition continuum?
A) Perfect competition
B) Monopolistic competition
C) Competitive advantage
D) Oligopoly
13. What is the term given to the groups, individuals, and organizations that are directly
affected by the practices of an organization?
A) Primary agents of interest
B) Social auditors
C) Competitors
D) Organizational stakeholders
14. The Chinese government controls all factors of production, the Chinese government has
which type of economic systems?
A)Capitalism
B) Socialism
C) Market
D)Communism

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