Reference no: EM132275174
1. Which of the following best describes a consignment sale?
The owner of a valuable piece of art donates it to a charity auction and the proceeds of the sale go to charity
A distributor ships goods to a retailer and the retailer receives a discount on their wholesale price if the goods are paid for before a specified date
A retailer signs and agreement with a manufacturer to be exclusive outlet in the sale of a limited edition product produced by the manufacturer
A manufacturer ships goods to a retailer who is acting as an agent in their sale and retains the right to return them to the manufacturer if the goods are not sold
2. Which of the following is the most important consideration when adding music to the website?
If the music works on most browsers
If the music is available for download
If the music plays after one click
If the music is used with permission
3. Which of the following entities can best help a business owner understand government procurement qualifications and opportunities?
The bureau of the fiscal
Associates small business lending fund
Consideration of independent business
Associates General Services Administration
4. A customer threatens to expose embarrassing information about an owner unless the owner signs a selling contract. Which of the following business laws makes a contract void?
Concealment
Duress
Fraud
Misrepresentation
5. Morgan has decided to quit working to have more study time. She is hoping to use the study time to maintain her grades and earn a scholarship. She is employing the economic concept of
Scarcity
Equilibrium Cost
Opportunity Cost
Diminishing Return
6. The international labor market is due to increases in migration, women’s participation, urbanization, and education levels. How are these traits described?
Economic
Political
Demographic
Geographic