final exam str 581


91) Which of the following is correct about litigating commercial disputes?

A.   Commercial disputes, because of their specialized nature, are first heard at the appellate court level.
B.   Businesses generally dislike the concept of specialized trail courts for commercial disputes because the large numbers of consumers who sue businesses in these courts have led the judges to become generally biased against business.
C.   Nearly all states have specialized trial courts that hear commercial disputes.
D.   In all states, commercial disputes must be heard in a limited-jurisdiction court.
E.   A few states have established specialized trial courts for commercial disputes.


92) Which article of the United States Constitution deals with the judicial power of the federal government?

A.   Article II.
B.   Article III.
C.   Article V.
D.   Article I.
E.   Article IV.


93) When an economist says that the demand for a product has increased, this means that:

A.   firms make less of the product available for sale.
B.   quantity demanded is greater at each possible price.
C.   the demand curve becomes steeper.
D.   consumers respond to a lower price by buying more.


94) When movie ticket prices increase, families tend to spend less time watching movies and more time at home watching videos instead. This best reflects:

A.   the income effect.
B.   diminishing marginal utility.
C.   the substitution effect.
D.   the rationing function of markets.

95) The force behind globalization in _____ was the amount of muscle, horsepower, wind power, or steam power that a country could deploy.

A.   Globalization 2.0
B.   Globalization 1.0
C.   None of these
D.   Globalization 3.0


96) The Global, Web-Based Platform enables individuals to do which of the following?

A.   access information, services, and entertainment
B.   exchange knowledge
C.   all of these answers are correct
D.   connect, compute, communicate, collaborate, and compete everywhere and all the time
E.   produce and sell goods and services


97) _____ is the integration of economic, social, cultural, and ecological facets of life, enabled by information technologies.

A.   nationalization
B.   regionalization
C.   business environment
D.   globalization


98) A _____ scale is a scale that scores an object or property without making a direct comparison to another object or property.

A.   Rating
B.   Categorization
C.   Recording
D.   Ranking
E.   Sorting


99) Marketing research is now about a ________ billion industry globally.

A.   $21.5
B.   $16.5
C.   $7.5
D.   $50
E.   $10


100) The use of a(n) _____ serves as a comparison to assess the existence and potency of the manipulation.

A.   Control group
B.   Criterion variable
C.   Field experiment
D.   Experimental group
E.   Explanatory variable


Total 500 Questions from 5 set of actual exams (5 sets x 100 questions) with double checked answers

final exam str 581
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