الجامعة الإسلامية – غزة بسم الله الرحمن الرحيم الاسم:

الرقم الجامعي:

كلية التجارة- قسم الإدارة

Business Administration (1)

Final exam 2016\2017

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First question: True or false: (10 grades)

  1. ( ) Tax increases and decreases are a form of fiscal policy.
  2. ( ) The main measure of growth in the business cycle is aggregate output.
  3. ( ) Small businesses produce more patents per employee than large firms.
  4. ( ) Most businesses in the United States are large businesses with more than 500 employees.
  5. ( ) Aggregate output refers to a company's annual production of goods or services.
  6. ( ) The technological environment includes only electronics and telecommunications used to perform business activities.
  7. ( ) One of the four elements that are necessary for private enterprise to be carried out is reasonable prices.
  8. ( ) Economic indicators help to assess the performance of an economy.
  9. ( ) Gross domestic product (GDP) refers to the total value of goods and services produced by a national economy within a given period regardless of where the factors of production are located.
  10. ( ) The failure rate among small businesses has been increasing in recent years.
  11. ( ) Low start-up costs and tax benefits are advantages of sole proprietorships.
  12. ( ) Corporations enjoy significant tax benefits when compared to sole proprietorships or partnerships.
  13. ( ) People who assume the risk of business ownership with a primary goal of growth and expansion are called entrepreneurs.
  14. ( ) Most successful entrepreneurs have a strong desire to be their own bosses.
  15. ( ) Franchisees may be obligated to contribute a percentage of sales to parent corporations.
  16. ( ) Loans are the most important sources of money for new small businesses.
  17. ( ) Business resources include the data and other information used by businesses.
  18. ( ) Economic systems differ in how factors of production are used.
  19. ( ) A factor of production is a nation's system for allocating resources among its citizens.
  20. ( ) A market economy relies on a centralized government to control all or most of the factors of production.

Second Question: choose the best answer. (8 grades)

1) Which environment is NOT an important dimension of a business organization's external environment?

A) the political-legal environmentB) the sociocultural environment

C) the technological environment D) the corporate cultural environment

E) the global business environment

2) What term represents a nation's basis for allocating its resources among its citizens?

A) capital structure B) economic system

C) ownership processes D) distribution network

E) national regulations

3) Which term refers to the total quantity and quality of goods and services that people living in an economic system can purchase?

A) business cycle B) demand and supply schedule

C) standard of living D) aggregate output

E) consumer price index

4) What is the economic condition characterized by widespread increased prices without increased purchasing power?

A) unemploymentB) inflation

C) expansion D) deflation

E) recession

5) What marks the key difference between economic systems?

A) the way they manage the factors of production

B) the way they transport goods within their borders

C) the way rules and regulations are legislated

D) the way workers are relocated to different regions

E) the way basic necessities are determined

6) Which entity is defined as independent and has little influence on its market?

A) corporation B) joint venture

C) small business D) partnership

E) government agency

7) What is the name of the document in which an entrepreneur summarizes his or her business strategy for a proposed new venture?

A) success chartB) director's guideline

C) financial blueprintD) business plan

E) balance sheet

8) What is the process for converting government enterprises into individually owned firms known as?

A) production allocation B) privatization

C) entrepreneurship D) demand assessment

E) profit maximization

9) What occurs when the quantity demanded exceeds the quantity supplied?

A) demand deficit B) surplus

C) equilibrium point D) shortage

E) supply schedule

10) Which term refers to the pattern of short-term ups and downs in an economy?

A) aggregate output B) business cycle

C) standard of living D) balance of payments

E) demand and supply schedule

11) Which form of business ownership generates the most sales in the United States?

A) sole proprietorship B) general partnership

C) cooperative D) corporation

E) limited partnership

12) Which type of business is legally considered a separate entity from its owners and is liable for its own debts?

A) sole proprietorshipB) corporation

C) limited partnershipD) cooperative

E) general partnership

13) Who are the owners of a corporation?

A) board of directors B) financial officers

C) stockholders D) top managers

E) entrepreneurs

14) 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

E) a guarantee

15) A firm hides responsibility for wrongdoing, what type of stance are they taking toward social responsibility?

A) responsibleB) obstructionist

C) accommodative D) proactive

E) moderate

16) What is the term for an activity that may benefit the individual to the detriment of his or her employer?

A) agency dispute B) leadership challenge

C) conflict of interest D) proactive stance

E) ethical standard

Third question:answer the following:(8 grades)

1) Do you think that you would be a successful entrepreneur? Why or why not?(2 grads)

2) Define the follwing: (2 grades)

  • Social responsibility
  • Institutional Investors

3) Today some countries moved from planned economy to market economy, why? (2grades)

4) How to encourage ethical behavior in business? (2grades)

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