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Ch. 5.1 Business in the U.S. Economy

Last updated over 3 years ago

5 questions

Required

1

Required

1

Required

1

Required

1

Required

1

Question 1

1.

Which of the following is TRUE of a contingent worker?

they have no explicit or implicit contract for long-term employment

they are guaranteed a minimum wage of $25.00 per hour

they have permanent, year-round employment

they have full benefits with insurance and retirement

Question 2

2.

Contingent work doesn't offer any advantages.

True

False

Question 3

3.

A producer buys an assortment of products to sell to customers and must also buy display equipment, computers, and cleaning supplies used to operate the business.

True

False

Question 4

4.

________________ carry out activies that are consumed by its customers. They do NOT offer products for sale. Ex: dentists, lawyers, and doctors

Intermediaries

Service businesses

Manufacturers

Question 5

5.

Wholesalers and retailers are examples of a(n) __________.

extractor

producer

intermediary

service business