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Questions in business

📝 Answered - In contrast to a capitalist society, how does a person's income function in a socialist society?

📝 Answered - The sociologist Max Weber said this of bureaucracy: "From a purely technical point of view, a bureaucracy is capable of attaining the highest degree of efficiency, and is in this sense formally the most rational known means of exercising authority over human beings. It is superior to any other form in precision, in stability, in the stringency of its discipline, and in its reliability." Explain why you agree or disagree with his assessment.

📝 Answered - In the 1920s, many rural banks failed because: (Provide the explanation or continue the statement with the specific reason for the failure.)

📝 Answered - Encouraging trade is an example of: A. insuring domestic tranquility B. promoting the general welfare C. securing the blessings of liberty D. establishing justice

📝 Answered - Which of the following helped fuel economic growth by encouraging people to buy American goods? A. Monopolies B. Patents C. Protective tariffs

📝 Answered - Halloween is the second most commercially successful holiday after what? A. Easter B. New Year’s C. Christmas D. Thanksgiving

📝 Answered - How did capitalism fuel industrialization?

📝 Answered - A partnership is a business organization owned by two or more individuals.

📝 Answered - What is one of the main economic effects of a tariff increase?

📝 Answered - True or False: The Federal Reserve System functions as the nation’s bank.