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FBLA Introduction To Business Test 3
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FBLA Introduction To Business Test 3
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25 Questions

1. Which one of the following statements best reflects the concept behind the rule of indemnity?
2. A mentor is a(n):
3. Police and fire protection are usually provided by ___ in the United States.
4. Bodily injury liability auto insurance does not cover:
5. The banking panic of 1907 and the resulting cash shortage led to the formation of the:
6. Firms that have adopted ______seek to do more than simply sell a product; they seek to learn as much as possible about their customers in order to satisfy and even delight them with goods and services over time.
7. The last step in the marketing process often includes:
8. Government in the market economy is not concerned with:
9. has an absolute advantage in coffee production.
10. The ___ is a type of money order typically issued by travel agencies, supermarkets, pharmacies, and convenience stores.
11. ___ is not an ethical violation by employees.
12. The Fed uses ________to regulate the money supply.
13. Since Linda writes many checks each month, the ___ checking account is probably the best choice for her.
14. The making, buying, and selling of goods and services within a country is called:
15. ________is choosing among two or more alternatives.
16. Doctors obtain________insurance to cover claims from patients who have been injured as a result of the doctor's carelessness.
17. represent an example of a variable expense.
18. Patrick lives in a capitalist country. He owns his own home and car, as well as his own business and building. Patrick is able to maintain ownership of these items under the right to:
19. The government of a particular country owns and controls all economic resources and decides how those resources will be used. This is an example of a:
20. An important first step in the career planning process is:
21. Which one of the following is, in general, the best known magazine in the area of product quality?
22. Which one of the following represents a strategy of how the U.S. government gets involved in business activities?
23. In an effort to increase customer loyalty, management at Palms International has worked to create a personal dialogue with their customers. This dialogue will enable Palms to offer products that exactly meet their customers' needs and provide personalized service before and after the sale. Palms International's new strategy illustrates:
24. Which one of the following would be used by a manager who wanted to fill a position using an internal source?
25. The Occupational Outlook Handbook is a good source of:

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