

CTE Review-PRECISION
Flashcard
•
Fun
•
11th - 12th Grade
•
Practice Problem
•
Hard
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48 questions
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1.
FLASHCARD QUESTION
Front
A monopoly is characterized by which of the following conditions? few sellers control the good or service, perfect competition, large number of sellers and a variety of substitutes, total control of the supply
Back
total control of the supply
2.
FLASHCARD QUESTION
Front
Which group would use an autocratic leadership style? Options: United Nations, Military, Congress, Jury
Back
Military
3.
FLASHCARD QUESTION
Front
What is the written explanation of a company's reason for existence?
Back
mission statement
4.
FLASHCARD QUESTION
Front
Which government agency oversees workplace safety?
Back
OSHA
5.
FLASHCARD QUESTION
Front
Which term is used when evaluating the level of production at which total revenues from sales equals total expenses incurred?
Back
break even analysis
6.
FLASHCARD QUESTION
Front
Which of the following would be included in a company's code of ethics/conduct? employee pay scale, company financial statements, corporate marketing plan, employee behavior
Back
employee behavior
7.
FLASHCARD QUESTION
Front
What happens when any stockholder of a corporation dies?
Back
the life of the corporation is not affected
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