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

Last year,MacTeck Enterprises had total revenues of $34 million while its total expenses were $22 million.Based on this information,MacTeck:

(Multiple Choice)

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Question 101

An increase in global trade will bring about a(n):

(Multiple Choice)

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Question 102

Traditional businesses have been learning how to deal with competition from B2B firms.

(True/False)

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Question 103

Companies have gone from outsourcing production jobs to offshoring research and development.

(True/False)

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Question 104

An example of a customer-driven organization would be Disney amusement parks.

(True/False)

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Question 105

Summit Gifts,Inc.,is a mail order firm that specializes in expensive and unusual gifts for all occasions.Summit keeps a large file of information on all of its regular customers,including names,addresses,the types of gifts they have ordered in the past,and the size and frequency of their orders.The electronic file in which this information is stored in an example of a(n):

(Multiple Choice)

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Question 106

Manufacturers in China,India and Mexico pose little threat to Canadian manufacturers because they are unable to meet the quality levels demanded by Canadian and European consumers.

(True/False)

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Question 107

Revenue is the amount a business earns above and beyond what it spends for expenses and costs.

(True/False)

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Question 108

Services are tangible products such as clothing and food. Services are intangible products

(True/False)

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Question 109

The databases of a business can include a great deal of information about the firm's customers.

(True/False)

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Question 110

The quality of life refers to the general well-being of a society.

(True/False)

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Question 111

____________ is the amount a business earns over and above what it spends for salaries and other expenses.

(Multiple Choice)

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Question 112

The total amount of money that businesses take in over a given period of time selling goods and services is called ________.

(Multiple Choice)

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Question 113

Which of the following factors of production is the most important contributing factor to increasing a nation's wealth?

(Multiple Choice)

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Question 114

__________ is the chance an entrepreneur will lose the time and money invested in a business that proves to be unprofitable.

(Multiple Choice)

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Question 115

A trend first recorded in the 2006 Census was that there are now more families comprised of couples without children than:

(Multiple Choice)

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Question 116

Businesses seek to earn a profit by providing goods and services to others.

(True/False)

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Question 117

Paid vacations and a generous pension are among the benefits provided by the government to entrepreneurs.

(True/False)

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Question 118

________ provides information to businesses concerning where people live,what they buy,and how they spend their time.

(Multiple Choice)

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Question 119

What makes countries rich is:

(Multiple Choice)

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Question 120

Showing 101 - 120 of 247

Last year,MacTeck Enterprises had total revenues of $34 million while its total expenses were $22 million.Based on this information,MacTeck:

An increase in global trade will bring about a(n):

Traditional businesses have been learning how to deal with competition from B2B firms.

Companies have gone from outsourcing production jobs to offshoring research and development.

An example of a customer-driven organization would be Disney amusement parks.

Manufacturers in China,India and Mexico pose little threat to Canadian manufacturers because they are unable to meet the quality levels demanded by Canadian and European consumers.

Revenue is the amount a business earns above and beyond what it spends for expenses and costs.

Services are tangible products such as clothing and food. Services are intangible products

The databases of a business can include a great deal of information about the firm's customers.

The quality of life refers to the general well-being of a society.

____________ is the amount a business earns over and above what it spends for salaries and other expenses.

The total amount of money that businesses take in over a given period of time selling goods and services is called ________.

Which of the following factors of production is the most important contributing factor to increasing a nation's wealth?

__________ is the chance an entrepreneur will lose the time and money invested in a business that proves to be unprofitable.

A trend first recorded in the 2006 Census was that there are now more families comprised of couples without children than:

Businesses seek to earn a profit by providing goods and services to others.

Paid vacations and a generous pension are among the benefits provided by the government to entrepreneurs.

________ provides information to businesses concerning where people live,what they buy,and how they spend their time.

What makes countries rich is:

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

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