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       Unit	
  11	
  –	
  13	
     Unit	
  14	
  –	
  19	
                 Unit	
  20	
  –	
  22	
            Unit	
  23	
  –	
  25	
     Unit	
  26	
  –	
  30	
  
          Advertising/	
              Banking/	
                              Employment/	
                      Taxation/Exchang            Keynesianism/M
          Accounting	
                Economics	
                             Government	
                       e/Business	
  Cycle	
       onetarism/Trade
          	
                          	
                                      	
                                 	
                          /Ecology/IT/Ent
                                                                                                                                             repreneurs	
  
$100	
   comparative	
  parity	
      mortgage	
                              the	
  period	
  of	
              tax	
  haven	
              autarky	
  
         method	
  (pg.	
  72)	
      (pg.	
  85)	
                           holding	
  a	
  job	
  (pg.	
      (pg.	
  138)	
              (pg.	
  156)	
  
                                      	
                                      121)	
  
$200	
   liabilities	
  (pg.80)	
     backward	
  –	
                         option	
  b	
  is	
  correct	
     b)tax	
  avoidance	
        d)	
  hierarchy	
  
                                      merger/acquisition	
                    (pg.	
  122)	
                     (pg.	
  136)	
              (pg.	
  173)	
  
                                      of	
  suppliers	
  
                                      forward	
  –	
  
                                      merger/acquisition	
  
                                      with	
  marketing	
  
                                      outlets	
  
                                      horizontal	
  –	
  merge/	
  
                                      take	
  over	
  other	
  firms	
  
                                      that	
  produce	
  same	
  
                                      goods/services	
  
                                      vertical	
  –	
  joining	
  
                                      firms	
  in	
  other	
  stages	
  
                                      of	
  production	
  or	
  sale	
  
                                      of	
  product	
  
                                      (pg.	
  112)	
  
$300	
   creative	
  accounting	
     try	
  to	
  get	
  their	
             1.	
  AILMENTS	
  –	
              1.	
  A	
                   Free	
  trade	
  is	
  
         (pg.	
  79)	
                money	
  back	
  at	
                   (non-­‐serious)	
                  2.	
  B	
                   disruptive	
  because	
  
                                      anytime	
  (if	
  nobody	
              illness	
                          3.	
  C	
                   it	
  causes	
  big	
  
                                      wants	
  to	
  buy	
  it,	
  then	
     2.	
  PHYSICIAN	
  –	
             (pg.	
  142)	
              economic	
  changes,	
  
                                      they	
  can’t	
  get	
  their	
         medical	
  doctor	
                	
                          such	
  as	
  the	
  closing	
  
                                      money	
  back,	
  hence	
               3.	
  TO	
  COERCE	
  –	
                                      down	
  of	
  an	
  entire	
  
                                      trying	
  to	
  get	
  their	
          compel	
  people	
  to	
                                       industry	
  n	
  a	
  
                                      money	
  back)	
                        do	
  something	
                                              country,	
  as	
  the	
  
                                      (pg.	
  98)	
                           against	
  their	
  will	
                                     product	
  begins	
  to	
  
$300	
   creative	
  accounting	
             try	
  to	
  get	
  their	
             1.	
  AILMENTS	
  –	
          1.	
  A	
                         Free	
  trade	
  is	
  
         (pg.	
  79)	
                        money	
  back	
  at	
                   (non-­‐serious)	
              2.	
  B	
                         disruptive	
  because	
  
                                              anytime	
  (if	
  nobody	
              illness	
                      3.	
  C	
                         it	
  causes	
  big	
  
                                              wants	
  to	
  buy	
  it,	
  then	
     2.	
  PHYSICIAN	
  –	
         (pg.	
  142)	
                    economic	
  changes,	
  
                                              they	
  can’t	
  get	
  their	
         medical	
  doctor	
            	
                                such	
  as	
  the	
  closing	
  
                                              money	
  back,	
  hence	
               3.	
  TO	
  COERCE	
  –	
                                        down	
  of	
  an	
  entire	
  
                                              trying	
  to	
  get	
  their	
          compel	
  people	
  to	
                                         industry	
  n	
  a	
  
                                              money	
  back)	
                        do	
  something	
                                                country,	
  as	
  the	
  
                                              (pg.	
  98)	
                           against	
  their	
  will	
                                       product	
  begins	
  to	
  
                                                                                      4.	
  TO	
  RESORT	
  TO	
                                       be	
  made	
  more	
  
                                                                                      FORCE	
  –	
  to	
  use	
                                        cheaply	
  
                                                                                      violence	
                                                       somewhere	
  else.	
  
                                                                                                                                                       (pg.	
  158)	
  
$400	
   word	
  of	
  mouth	
  (free	
       1)	
  Market	
  leader	
  (#1	
         1.	
  charities	
              FOR	
  –	
  	
                    -­‐Governments	
  will	
  
         advertising,	
  when	
               position)	
  –	
  strong	
              2.	
  welfare	
                1.	
  all	
  businesses	
         find	
  themselves	
  
         satisfied	
  customers	
             influence	
  of	
  new	
                3.	
  free	
  enterprise	
     require	
  roads	
  to	
          without	
  enough	
  
         recommend	
  products	
              products,	
  price	
                    4.	
  conforming	
  	
         allow	
  staff,	
  supplies	
   tax	
  revenue	
  
         to	
  their	
  friends),	
           changes,	
  promotions.	
               (pg.	
  126)	
                 and	
  customers	
  to	
          -­‐IT	
  will	
  lead	
  to	
  
         institutional/prestige	
             2)	
  Market	
  Challenger	
                                           get	
  to	
  them	
               increased	
  
         (advertising	
  that	
               (#2	
  position)	
  –	
                                                2.	
  If	
  the	
  general	
      unemployment,	
  
         mentions	
  a	
  company’s	
         attempts	
  to	
  increase	
                                           population	
  is	
                terrorism	
  and	
  a	
  
         name	
  but	
  not	
  specific	
     market	
  share	
  by	
                                                unhealthy	
  and	
                large	
  number	
  of	
  
         products)	
                          attacking	
  leader	
  or	
                                            unable	
  to	
  work,	
           people	
  without	
  
         (pg.	
  72)	
                        some	
  market	
                                                       firms	
  won’t	
  find	
          any	
  power	
  
                                              followers	
                                                            enough	
  staff	
  or	
           -­‐the	
  internet	
  will	
  
                                              3)	
  Market	
  Followers	
                                            customers	
                       lead	
  to	
  increased	
  
                                              (#3,	
  4,	
  etc)	
  –	
                                              AGAINST	
  -­‐	
  	
              crime	
  	
  
                                              concentrate	
  on	
                                                    1.	
  The	
  money	
              (pg.	
  168)	
  
                                              profitable	
  niche	
                                                  people	
  earn	
  is	
  their	
  
                                              markets	
  and	
                                                       money.	
  
                                              differentiation	
                                                      2.	
  Taxes	
  take	
  away	
  
                                              (pg.	
  108)	
                                                         people’s	
  hard-­‐
                                                                                                                     earned	
  private	
  
                                                                                                                     property.	
  
                                                                                                                     3.	
  Income	
  tax	
  
                                                                                                                     creates	
  a	
  bias	
  
                                                                                                                     against	
  all	
  income	
  
                                                                                                                     generating	
  activity,	
  
$500	
   Product,	
  place,	
               Hedging/Speculating	
                  The	
  role	
  of	
  the	
         See	
  graph	
  pg.	
  145	
     KEYNESIANISM	
  –	
  
         promotion,	
  price.	
             –	
  process	
  of	
                   government	
  has	
                1.	
  depression	
               market	
  economies	
  
         Advertising,	
  public	
           purchasing	
                           expanded	
  far	
  too	
           2.	
  trough	
                   are	
  inherently	
  
         relations	
                        derivatives	
  to	
                    much.	
  Government	
              3.	
  upturn	
                   unstable	
  and	
  the	
  
         (maintaining/improvi               minimize	
  the	
  risk	
  of	
        intervention	
  in	
  the	
        4.	
  peak	
                     government	
  
         ng/protecting	
                    fluctuating	
                          economy	
  may	
  even	
           5.	
  recession	
                should	
  intervene	
  
         company	
  image),	
  sales	
      exchange/interest	
                    end	
  economic	
                  6.	
  boom	
                     in	
  the	
  economy	
  to	
  
         promotions,	
  (free	
             rates	
                                progress.	
  The	
                 	
                               counter	
  the	
  
         samples/coupons/pric               Futures	
  –	
  FIXED	
                government	
                       The	
  business	
  cycle	
       business	
  cycle	
  
         e	
  reductions)	
  personal	
     contracts	
  made	
  to	
              restricts	
  people’s	
            exists	
  because	
  of	
        	
  
         selling	
  (through	
  sales	
     buy	
  and	
  sell	
                   freedom	
  to	
  spend	
           changes	
  in:	
                 MONETARISM	
  –	
  
         reps).	
                           commodities,	
                         their	
  money	
  as	
  they	
     -­‐level	
  of	
                 free	
  markets	
  and	
  
         (pg.	
  75)	
                      currencies,	
  financial	
             choose.	
  Existing	
              consumption	
                    competition	
  are	
  
         	
                                 assets	
                               restrictions	
  should	
           -­‐interest	
  rates	
           efficient	
  and	
  
                                            Options	
  –	
  the	
  RIGHT	
         be	
  ended.	
                     -­‐people’s	
  belief	
          should	
  be	
  allowed	
  
                                            (not	
  obligation)	
  to	
            (pg.	
  130)	
                     about	
  the	
  future	
         to	
  operate	
  with	
  a	
  
                                            buy/sell	
  securities	
  at	
                                            -­‐wages/salaries	
              minimum	
  of	
  
                                            a	
  fixed	
  price	
  in	
  the	
                                        -­‐levels	
  of	
                government	
  
                                            future	
                                                                  investment	
                     intervention	
  
                                            Swaps	
  –	
  exchange	
  of	
                                            -­‐technology/	
                 	
  
                                            financial	
  instruments	
                                                politics/	
                      (pg.	
  151)	
  
                                            –	
  currencies	
                                                         demographics	
  
                                            (pg.	
  101)	
                                                            (pg.	
  145)	
  
                                                                                      	
  

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Business2 final review answers

  • 1.   Unit  11  –  13   Unit  14  –  19   Unit  20  –  22   Unit  23  –  25   Unit  26  –  30   Advertising/   Banking/   Employment/   Taxation/Exchang Keynesianism/M Accounting   Economics   Government   e/Business  Cycle   onetarism/Trade         /Ecology/IT/Ent repreneurs   $100   comparative  parity   mortgage   the  period  of   tax  haven   autarky   method  (pg.  72)   (pg.  85)   holding  a  job  (pg.   (pg.  138)   (pg.  156)     121)   $200   liabilities  (pg.80)   backward  –   option  b  is  correct   b)tax  avoidance   d)  hierarchy   merger/acquisition   (pg.  122)   (pg.  136)   (pg.  173)   of  suppliers   forward  –   merger/acquisition   with  marketing   outlets   horizontal  –  merge/   take  over  other  firms   that  produce  same   goods/services   vertical  –  joining   firms  in  other  stages   of  production  or  sale   of  product   (pg.  112)   $300   creative  accounting   try  to  get  their   1.  AILMENTS  –   1.  A   Free  trade  is   (pg.  79)   money  back  at   (non-­‐serious)   2.  B   disruptive  because   anytime  (if  nobody   illness   3.  C   it  causes  big   wants  to  buy  it,  then   2.  PHYSICIAN  –   (pg.  142)   economic  changes,   they  can’t  get  their   medical  doctor     such  as  the  closing   money  back,  hence   3.  TO  COERCE  –   down  of  an  entire   trying  to  get  their   compel  people  to   industry  n  a   money  back)   do  something   country,  as  the   (pg.  98)   against  their  will   product  begins  to  
  • 2. $300   creative  accounting   try  to  get  their   1.  AILMENTS  –   1.  A   Free  trade  is   (pg.  79)   money  back  at   (non-­‐serious)   2.  B   disruptive  because   anytime  (if  nobody   illness   3.  C   it  causes  big   wants  to  buy  it,  then   2.  PHYSICIAN  –   (pg.  142)   economic  changes,   they  can’t  get  their   medical  doctor     such  as  the  closing   money  back,  hence   3.  TO  COERCE  –   down  of  an  entire   trying  to  get  their   compel  people  to   industry  n  a   money  back)   do  something   country,  as  the   (pg.  98)   against  their  will   product  begins  to   4.  TO  RESORT  TO   be  made  more   FORCE  –  to  use   cheaply   violence   somewhere  else.   (pg.  158)   $400   word  of  mouth  (free   1)  Market  leader  (#1   1.  charities   FOR  –     -­‐Governments  will   advertising,  when   position)  –  strong   2.  welfare   1.  all  businesses   find  themselves   satisfied  customers   influence  of  new   3.  free  enterprise   require  roads  to   without  enough   recommend  products   products,  price   4.  conforming     allow  staff,  supplies   tax  revenue   to  their  friends),   changes,  promotions.   (pg.  126)   and  customers  to   -­‐IT  will  lead  to   institutional/prestige   2)  Market  Challenger   get  to  them   increased   (advertising  that   (#2  position)  –   2.  If  the  general   unemployment,   mentions  a  company’s   attempts  to  increase   population  is   terrorism  and  a   name  but  not  specific   market  share  by   unhealthy  and   large  number  of   products)   attacking  leader  or   unable  to  work,   people  without   (pg.  72)   some  market   firms  won’t  find   any  power   followers   enough  staff  or   -­‐the  internet  will   3)  Market  Followers   customers   lead  to  increased   (#3,  4,  etc)  –   AGAINST  -­‐     crime     concentrate  on   1.  The  money   (pg.  168)   profitable  niche   people  earn  is  their   markets  and   money.   differentiation   2.  Taxes  take  away   (pg.  108)   people’s  hard-­‐ earned  private   property.   3.  Income  tax   creates  a  bias   against  all  income   generating  activity,  
  • 3. $500   Product,  place,   Hedging/Speculating   The  role  of  the   See  graph  pg.  145   KEYNESIANISM  –   promotion,  price.   –  process  of   government  has   1.  depression   market  economies   Advertising,  public   purchasing   expanded  far  too   2.  trough   are  inherently   relations   derivatives  to   much.  Government   3.  upturn   unstable  and  the   (maintaining/improvi minimize  the  risk  of   intervention  in  the   4.  peak   government   ng/protecting   fluctuating   economy  may  even   5.  recession   should  intervene   company  image),  sales   exchange/interest   end  economic   6.  boom   in  the  economy  to   promotions,  (free   rates   progress.  The     counter  the   samples/coupons/pric Futures  –  FIXED   government   The  business  cycle   business  cycle   e  reductions)  personal   contracts  made  to   restricts  people’s   exists  because  of     selling  (through  sales   buy  and  sell   freedom  to  spend   changes  in:   MONETARISM  –   reps).   commodities,   their  money  as  they   -­‐level  of   free  markets  and   (pg.  75)   currencies,  financial   choose.  Existing   consumption   competition  are     assets   restrictions  should   -­‐interest  rates   efficient  and   Options  –  the  RIGHT   be  ended.   -­‐people’s  belief   should  be  allowed   (not  obligation)  to   (pg.  130)   about  the  future   to  operate  with  a   buy/sell  securities  at   -­‐wages/salaries   minimum  of   a  fixed  price  in  the   -­‐levels  of   government   future   investment   intervention   Swaps  –  exchange  of   -­‐technology/     financial  instruments   politics/   (pg.  151)   –  currencies   demographics   (pg.  101)   (pg.  145)