Intro to Business Exam Rev(Principles of Business 10e, Cengage)

Taxes are the only way governments can raise needed funds

• True
• False

Principles of morality or rules of conduct are called ethics

• True
• False

Timber is a non renewable resource

• True
• False

In the free-trade zone, member countries agree to remove duties and trade barriers on products traded among them and then stored, assembled, and/or used in manufacturing

• True
• False

In the future most economic growth is likely to occur in emerging markets.

• True
• False

Under a free trade agreement, member countries agree to remove duties and trade barriers on products traded among them

• True
• False

All managers devote the same amount of attention and time to each of the management functions

• True
• False

Career fairs allow job seekers to contact several prospective employers in a short time

• True
• False

Deflation is a period where supply is high during times of prosperity

• True
• False

People are considered to be unemployed only if they are looking for work and willing to work but unable to find a job.

• True
• False