ARTC 5005 Chapter Notes -Social Enterprise, Sole Proprietorship
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1ï¼___________ is a measure of the general well-being and satisfaction derived from a variety of factors including political freedom, safety, education, and a clean environment. |
Aï¼Standard of living
Bï¼Quality of life
Cï¼Gross national income
Dï¼Social satisfaction index
2ï¼ The most important difference between for-profit businesses and nonprofit organizations is that: |
Aï¼businesses do not benefit society.
Bï¼nonprofit organizations seek to make a profit for their owners and organizers.
Cï¼nonprofit organizations do not seek a profit for their owners or organizers.
Dï¼nonprofit organizations do not file tax returns.
3ï¼Honda and Toyota have used insourcing for years to produce cars in the United States. Insourcing: |
Aï¼helps offset the number of jobs being outsourced.
Bï¼increases the number of jobs being outsourced.
Cï¼damages the United States economy.
Dï¼causes jobs to be lost to overseas competitors.
4ï¼Shelby recently started selling her invention: a bed that looks like it floats in mid-air. The bed is actually suspended by magnetic forces. Shelby is a(n): |
Aï¼arbitrageur.
Bï¼entrepreneur.
Cï¼speculator.
Dï¼account manager.