Assessment 6.3 & 7.1

An example of income that would be included in the underground economy but not included in the GDP is

• a. small-business profits

• b. income generated by oil and gas production

• c. income from the sale of services

• d. cash paid for work that is not reported on taxes

Which of the following is not offered to a franchisee by a franchisor?

• a. help in finding a location for the business

• b. operating procedures and policies

• c. a guaranteed minimum profit

• d. the use of the company’s name and trademark

When Apple Computer built a personal computer, it was an

example of

• global competition

• a new-product franchise

• a marketing activity

• an innovation

The U.S. labor force includes

• a. people aged 16 and over who are available for work

• b. employed people aged 16 and over

• c. unemployed people aged 16 and over

• d. all of the above

When people encounter difficulties in being promoted to management above a certain level, they have encountered

• a. a glass ceiling

• b. a promotion ceiling

• c. a sticky floor

• d. a legal barrier

What factors are contributing to the growth of the U.S. population?