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Question 1

Which of the following is the best example of eminent domain?

Options :

A :

The state government intends to build a ramp to the highway and takes privately owned land to complete the building project.

B :

The local government tells homeowners that they may not build a multifamily dwelling in an area containing only single-family dwellings.

C : The local government lays pipeline beneath the surface of privately owned land.

D :

The state government grants property ownership to homeowners who discover the property line runs through the middle of their home.

Answer: A

Question 2

Which of the following issues was the Computer Fraud and Abuse Act (CFAA) originally created to address?

Options :

A : Unsolicited email messages

B : Identity theft

C : Hacking

D : Cyberbullying

Answer: C

Question 3

Which of the following is the best method to emphasize the value of customer service within a company?

Options :

A :

Focusing attention on poor examples of customer service

B : Requiring employees to wear clothing that has the company logo

C : Rewarding examples of excellence in customer service

D : Using interactive activities to acclimate new company employees

Answer: C

Question 4

Which of the following is an example of place utility?

Options :

A : Arrangements are made for the transfer of title from seller to buyer.

B : Goods or services are available at a convenient location when the consumer wants to buy them.

C : Products requested by the consumer are ordered on demand.

D : A business firm converts raw materials into finished products.

Answer: B

Question 5

Which of the following is a primary purpose of financial markets?

Options :

A : Allocating capital efficiently

B : Controlling inflation

C : Lowering the yield on bonds

Answer: A