When the number of competitors is quite small, such as the four, major phone carriers, then this market situation is known as a/an:

Group of answer choices

• monopolistic competition market
• monopoly
• oligopoly
• pure competition situation
• no-competition situation

The Federal Reserve System, the U.S. central bank, was created to help stabilize the U.S. banking industry.It does this through:

Group of answer choices

• monetary policy
• a tax and spend policy
• inflation
• the equilibrium pricing system
• a monopolistic competition viewpoint

If a company wants to enter the international market, then that company can do so by entering the:

Group of answer choices

international licensing business

import/export business

international franchising business

joint ventures or strategic alliances

all of the above

Which of the following should be included in a code of ethics?

Group of answer choices

Advice for handling specific situations

The obligations that society has to the company

Social contributions that are directly aligned with the company's overall business strategy

A list of stakeholders who may be affected by unethical decision making

None of the above