question What is the significance of globalization in commerce

What is the purpose of the Better Business Bureau (BBB) in commerce?

A. Regulating international trade
B. Promoting ethical business practices and consumer trust
C. Managing fiscal policy
D. Controlling inflation

What is the primary goal of the Central Economic Planning Authority in a command economy?

A. Encouraging competition
B. Maximizing profits for businesses
C. Planning and controlling economic activities
D. Promoting consumer rights

What is the significance of the Gross National Product (GNP) in commerce?

A. Measuring the total value of goods and services produced domestically
B. Evaluating consumer preferences
C. Monitoring international trade
D. Assessing government expenditure

In commerce, what does the term "outsourcing" refer to?

A. International trade agreements
B. Contracting out business processes to external providers
C. Government subsidies
D. Consumer protection laws

In commerce, what is the significance of a patent?

A. Protecting the environment
B. Providing legal protection for inventions
C. Controlling inflation
D. Facilitating international trade

What is the purpose of the Securities and Exchange Commission (SEC) in commerce?

A. Regulating international trade
B. Enforcing securities laws and protecting investors
C. Managing fiscal policy
D. Controlling inflation

What is the purpose of the Federal Trade Commission (FTC) in the United States?

A. Regulating international trade
B. Enforcing antitrust laws and protecting consumers
C. Managing fiscal policy
D. Controlling inflation

In commerce, what does the term "elasticity" refer to?

A. Consumer preferences
B. The responsiveness of quantity demanded to a change in price
C. International trade agreements
D. Government expenditure

What is the primary purpose of the Federal Reserve System (the Fed) in the United States?

A. Regulating international trade
B. Managing fiscal policy
C. Controlling inflation
D. Conducting monetary policy and ensuring financial stability

In commerce, what does the term "capital budgeting" refer to?

A. Managing government expenditure
B. Evaluating and selecting long-term investment projects
C. Market analysis
D. Consumer behavior

Commerce MCQS - QUESTION DETAILS

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