1. The term "cloud computing" generally refers to:

a. computer applications and services available over the internet from remote servers.

b. any client-server network architecture.

c. hiding (i.e. "clouding") the origin of electronic communications

d. wireless communication between a computer and an ancillary, such as a printer

2. Suppose there is an increase in both supply and demand for personal computers. In the market for personal computers, we would expect the

a. the change in the equilibrium quantity to be ambiguous and the equilibrium price to rise

b. equilibrium quantity to rise and the equilibrium price to fall.

c. equilibrium quantity to rise and the equilibrium price to rise

d. equilibrium quantity to rise and the change in the equilibrium price to be ambiguous

3. Atlantis, Inc. decides to extend its market into a neighboring country, They soon experence problems with unskilled local labor, underdeveloped transportation systems, and unreliable communication networks. Atlantis apparently failed to focus on which dimension of their external environment?

a. legal

b. political

c. economic

d. socio-cultursl

4. Are securities markets in the US regulated?

a. No, the securities markets in the US are self-regulating.

b. Yes, but only at the stafe level. There is no federal regulation of securities markets in the US.

c. Yes, by the Internal Revenue Service (IRS)

d. Yes, by the Securities and Exchange Commission (SEC).