6. Despite having a small population and severely limited natural resources, Hong Kong has consistently ranked among
the richest regions in Asia. The prime reason behind this is
a. the presence of communism.
b. the imposition of embargoes on Hong Kong by other nations
c. the active encouragement of entrepreneurship by the government.
d. the imposition of excessive and strict regulations by the government.
7. President Barack Obama spearheaded passage of a massive economic stimulus package, which was designed not
only to create jobs but also to build infrastructure, with a focus on
a. excessive regulation
b. renewable energy
C. eliminating corruption
d. reduced taxation
8. As life spans increase and birth rates decrease, the American population is rapidly aging. This may most likely lead to
1 an increase in the size of the consumer market.
b. an increase in taxes as state and federal governments stretch to serve the aging population.
c. a decline of companies in fields such as healthcare, pharmaceuticals, and financial management,
d. a decrease in competition among companies to recruit top talent.
9. Which of the following statements is true of successful firms?
1. They overlook the overall sense of well-being experienced by their customers.
b. They deliver unsurpassed value to their customers.
c. They focus on the price of a good rather than on the benefits offered.
d. Their core goal is to generate short-term profits,
10. Susan, the Human Resources Director at Trangend Cosmetics, is responsible for recruiting, hiring, and training
employees. In the context of the given scenario, Susan is a
a. factor of production
b. cause-related marketer
c. mode of capital
d. loyal advocate
11. Children's Campground is a summer program for school children. It advertises that there is one counselor for every
four children and that several other highly-trained professionals are part of its staff. Children's Campground
advertisements indicate that the program relies heavily on its factor to provide its services.
capital
b. human resources
c. entrepreneurship
d. natural resources
Answers: 3
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