Question 1

Climate change is not important to the international business community.

Accepted Answer

A) True 
 B)False

Question 2

What is a social entrepreneur?

Accepted Answer

A) an individual who avoids business principles to start a non-profit organization 
B) any new business startup with social goals 
C) an individual who uses business principles to start and manage a non-profit organization 
D) an individual working for a non-profit organization 
A) an individual who avoids business principles to start a non-profit organization 
B) any new business startup with social goals 
C) an individual who uses business principles to start and manage a non-profit organization 
D) an individual working for a non-profit organization

Question 3

Empowerment requires that managers focus more on __________________ lower-level employees.

Accepted Answer

A) directly supervising 
B) training,supporting,coaching,and motivating 
C) simplifying the jobs of 
D) controlling and correcting 
A) directly supervising 
B) training,supporting,coaching,and motivating 
C) simplifying the jobs of 
D) controlling and correcting

Question 4

There are more high-paying jobs in the service sector than in the goods-producing sector.

Accepted Answer

A) True 
 B)False

Question 5

The number of Canadian jobs in manufacturing has increased in the past five years.

Accepted Answer

A) True 
 B)False

Question 6

The portion of the Canadian population that is very young continues to decrease because of declining birth rates since the mid-1960s.Although the rate is low,the actual number of children being born is still large because of the baby-boom echo.

Accepted Answer

A) True 
 B)False

Question 7

Companies have generally not responded to the trend of two-income families and families with a single parent.

Accepted Answer

A) True 
 B)False

Question 8

Health care,legal advice,transportation and other intangible products are provided by the:

Accepted Answer

A) global sector. 
B) service sector. 
C) industrial sector. 
D) high-wage sector. 
A) global sector. 
B) service sector. 
C) industrial sector. 
D) high-wage sector.

Question 9

Laws that allow businesses to write enforceable contracts decrease the risk of doing business.

Accepted Answer

A) True 
 B)False

Question 10

The most important difference between businesses and nonprofit organizations is that:

Accepted Answer

A) businesses do not benefit society. 
B) nonprofit organizations do not strive for financial gains. 
C) nonprofit organizations focus on social and educational goals. 
D) nonprofit organizations do not benefit society. 
A) businesses do not benefit society. 
B) nonprofit organizations do not strive for financial gains. 
C) nonprofit organizations focus on social and educational goals. 
D) nonprofit organizations do not benefit society.

Question 11

E-business is mostly done with Web technologies.

Accepted Answer

A) True 
 B)False

Question 12

Stakeholders include customers,employees,stockholders,suppliers,dealers,bankers,government officials and environmentalists.

Accepted Answer

A) True 
 B)False

Question 13

Technology can help businesses become more efficient and productive.

Accepted Answer

A) True 
 B)False

Question 14

Nonprofit organizations are similar to businesses in that they often provide goods and services that satisfy the needs of society.
Businesses are not the only organizations that produce goods and services.Government agencies,public schools,and charities such as the Salvation Army provide goods or services,but are classified as nonprofit organizations since there is no profit motive.

Accepted Answer

A) True 
 B)False

Question 15

Unlike businesses,employees of nonprofit organizations are not required to learn the business skills of accounting,marketing,or financial management.
In order to achieve their goals,nonprofit organizations need people with many of the same skills required by businesses.For example,even though nonprofit organizations do not seek a profit,they still may deal with large sums of money and must keep financial records.Nonprofit organizations also need people with leadership,marketing,and information management skills.

Accepted Answer

A) True 
 B)False

Question 16

All of the following are factors of production except:

Accepted Answer

A) labour. 
B) capital. 
C) land. 
D) money. 
A) labour. 
B) capital. 
C) land. 
D) money.

Question 17

Which of the following is a factor of production?

Accepted Answer

A) bonds 
B) money 
C) knowledge 
D) service 
A) bonds 
B) money 
C) knowledge 
D) service

Question 18

Technology affects people in:

Accepted Answer

A) all industries. 
B) most industries. 
C) information technology industries with the exception of agriculture. 
D) primarily high income countries. 
A) all industries. 
B) most industries. 
C) information technology industries with the exception of agriculture. 
D) primarily high income countries.

Question 19

An example of a Canadian employer which seeks out people with a range of backgrounds and perspectives to recruit and retain would be NAV CANADA.

Accepted Answer

A) True 
 B)False

Question 20

The two factors of production that seem to contribute the most to making countries rich are:

Accepted Answer

A) land and labour. 
B) land and capital. 
C) entrepreneurship and labour. 
D) entrepreneurship and knowledge. 
A) land and labour. 
B) land and capital. 
C) entrepreneurship and labour. 
D) entrepreneurship and knowledge.

Climate change is not important to the international business community.

What is a social entrepreneur?

Empowerment requires that managers focus more on __________________ lower-level employees.

There are more high-paying jobs in the service sector than in the goods-producing sector.

The number of Canadian jobs in manufacturing has increased in the past five years.

The portion of the Canadian population that is very young continues to decrease because of declining birth rates since the mid-1960s.Although the rate is low,the actual number of children being born is still large because of the baby-boom echo.

Companies have generally not responded to the trend of two-income families and families with a single parent.

Health care,legal advice,transportation and other intangible products are provided by the:

Laws that allow businesses to write enforceable contracts decrease the risk of doing business.

The most important difference between businesses and nonprofit organizations is that:

E-business is mostly done with Web technologies.

Stakeholders include customers,employees,stockholders,suppliers,dealers,bankers,government officials and environmentalists.

Technology can help businesses become more efficient and productive.

All of the following are factors of production except:

Which of the following is a factor of production?

Technology affects people in:

An example of a Canadian employer which seeks out people with a range of backgrounds and perspectives to recruit and retain would be NAV CANADA.

The two factors of production that seem to contribute the most to making countries rich are:

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business

Ethics and Social Responsibility

Forms of Business Ownership

Entrepreneurship and Starting a Small Business

Management and Leadership

Adapting Organizations to Todays Markets

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Understanding Employeemanagement Issues and Relations

Marketing: Building Customer and Stakeholder Relationships

Managing the Marketing Mix: Product, Price, Place, and Promotion

Understanding Accounting and Financial Information

Financial Management

The Financial Services Industry in Canada

Filters

Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment

Climate change is not important to the international business community.

What is a social entrepreneur?

Empowerment requires that managers focus more on __________________ lower-level employees.

There are more high-paying jobs in the service sector than in the goods-producing sector.

The number of Canadian jobs in manufacturing has increased in the past five years.

The portion of the Canadian population that is very young continues to decrease because of declining birth rates since the mid-1960s.Although the rate is low,the actual number of children being born is still large because of the baby-boom echo.

Companies have generally not responded to the trend of two-income families and families with a single parent.

Health care,legal advice,transportation and other intangible products are provided by the:

Laws that allow businesses to write enforceable contracts decrease the risk of doing business.

The most important difference between businesses and nonprofit organizations is that:

E-business is mostly done with Web technologies.

Stakeholders include customers,employees,stockholders,suppliers,dealers,bankers,government officials and environmentalists.

Technology can help businesses become more efficient and productive.

All of the following are factors of production except:

Which of the following is a factor of production?

Technology affects people in:

An example of a Canadian employer which seeks out people with a range of backgrounds and perspectives to recruit and retain would be NAV CANADA.

The two factors of production that seem to contribute the most to making countries rich are:

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business

Ethics and Social Responsibility

Forms of Business Ownership

Entrepreneurship and Starting a Small Business

Management and Leadership

Adapting Organizations to Todays Markets

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Understanding Employeemanagement Issues and Relations

Marketing: Building Customer and Stakeholder Relationships

Managing the Marketing Mix: Product, Price, Place, and Promotion

Understanding Accounting and Financial Information

Financial Management

The Financial Services Industry in Canada

Filters