Question 1. Intangible products, such as income tax return preparations, education, and healthcare.

A. Business

B. Goods

C. Services

D. Entrepreneur

E. Revenue

Question 2. That part of economics that studies the operations of a nation's economy as a whole.

A. Economics

B. Microeconomics

C. Macroeconomics

D. Resource development

E. Invisible Hand

Question 3. Buying products from another country.

A. Importing

B. Exporting

C. Free Trade

D. Absolute advantage

E. Comparative advantage

Question 4. Standards of moral behavior; behavior accepted by society as right versus wrong.

A. Corporate policy

B. Corporate responsibility

C. Corporate social initiatives

D. CSR

E. Ethics

Question 5. The difference between money flowing into a country and money flowing out of a country.

A. Balance of payments

B. Balance of trade

C. Common Market

D. Countertrading

E. Devaluation

Question 6. A tax imposed on imports.

A. Trade surplus

B. Trade deficit

C. Tariffs

D. Strategic alliance

E. Multinational corporation

Question 7. Someone internally, who acts like an entrepreneur.

A. Home-based Business

B. Extrapreneurs

C. Intrapreneurs

D. Preneurs

E. None of the above