Question 1

Today,more than ever,Canadian businesses require more workers in industries that produce goods.

Accepted Answer

A) True 
 B)False

Question 2

Explain what a stakeholder is.Identify the different types of stakeholders.

Accepted Answer

Stakeholders are all the people who stan

Question 3

Quality of life refers to:

Accepted Answer

A) the outsourcing of job functions. 
B) the amount of good and services people can buy. 
C) addressing the needs of all stakeholders when making a business decision. 
D) the general well-being of a society. 
A) the outsourcing of job functions. 
B) the amount of good and services people can buy. 
C) addressing the needs of all stakeholders when making a business decision. 
D) the general well-being of a society.

Question 4

A business incurs a ___________ if its costs and expenses exceed its revenues.

Accepted Answer

A) loss 
B) liability 
C) debit 
D) dividend 
A) loss 
B) liability 
C) debit 
D) dividend

Question 5

As a factor of production,the term capital includes:

Accepted Answer

A) stocks and bonds issued by corporations. 
B) natural resources such as land and water. 
C) tools,machinery,and buildings. 
D) services provided by the government that enable businesses to be more productive. 
A) stocks and bonds issued by corporations. 
B) natural resources such as land and water. 
C) tools,machinery,and buildings. 
D) services provided by the government that enable businesses to be more productive.

Question 6

Saving energy and producing products that cause less harm to the environment is called climate change.

Accepted Answer

A) True 
 B)False

Question 7

In Canada,most of the offshoring that occurs is with what country?

Accepted Answer

A) China 
B) India 
C) The United States 
D) England 
A) China 
B) India 
C) The United States 
D) England

Question 8

According to Peter Drucker,the most important factor of production in our economy will be:

Accepted Answer

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

Question 9

Businesses that produce and sell tangible products such as appliances,furniture,and clothing are part of the:

Accepted Answer

A) manufacturing sector. 
B) knowledge-based sector. 
C) service sector. 
D) production sector. 
A) manufacturing sector. 
B) knowledge-based sector. 
C) service sector. 
D) production sector.

Question 10

The Internet has hurt the spread of globalization.

Accepted Answer

A) True 
 B)False

Question 11

Taxes and government regulations are part of the legal environment in which businesses operate.

Accepted Answer

A) True 
 B)False

Question 12

To be implemented successfully,empowerment requires that employees are better trained.

Accepted Answer

A) True 
 B)False

Question 13

Productivity is the amount of output that is generated given the amount of input.

Accepted Answer

A) True 
 B)False

Question 14

What is demography? Identify several demographic trends in Canada and discuss how they will impact Canadian businesses.

Accepted Answer

Demography is the statistical study of p

Question 15

Over half the families in Canada are two-income families.This has decreased the amount of time couple have for themselves or for their families.What are some of the ways that big companies are helping time-pressed employees?

Accepted Answer

A) flexible work schedules 
B) increased vacation 
C) more pay 
D) company paid baby-sitters 
A) flexible work schedules 
B) increased vacation 
C) more pay 
D) company paid baby-sitters

Question 16

The chance an entrepreneur takes of losing time and money on a business venture that is not profitable is known as the opportunity cost of the business.

Accepted Answer

A) True 
 B)False

Question 17

Samir is a financial planner who helps people find ways to save for retirement and lower their taxes.Samir is employed in the service sector of the economy.
The service sector produces intangible goods.Financial planning is one type of service.

Accepted Answer

A) True 
 B)False

Question 18

Companies have responded to their diverse customer base by hiring a more diversified work force.

Accepted Answer

A) True 
 B)False

Question 19

A continuously changing global environment creates a need for continuous learning.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following describes a reason for the recent job growth in the service sector?

Accepted Answer

A) Large manufacturing firms seeking efficiency have contracted out an increasing number of services. 
B) The Canadian economy has been growing over the past decade. 
C) Offshoring has led to service industry. 
D) the increasing interest in the environment has led to the creation of service oriented jobs.There has been little change in the number of jobs in the service sector in recent years,however employment is expected to increase rapidly. 
A) Large manufacturing firms seeking efficiency have contracted out an increasing number of services. 
B) The Canadian economy has been growing over the past decade. 
C) Offshoring has led to service industry. 
D) the increasing interest in the environment has led to the creation of service oriented jobs.There has been little change in the number of jobs in the service sector in recent years,however employment is expected to increase rapidly.

Today,more than ever,Canadian businesses require more workers in industries that produce goods.

Explain what a stakeholder is.Identify the different types of stakeholders.

Quality of life refers to:

A business incurs a ___________ if its costs and expenses exceed its revenues.

As a factor of production,the term capital includes:

Saving energy and producing products that cause less harm to the environment is called climate change.

In Canada,most of the offshoring that occurs is with what country?

According to Peter Drucker,the most important factor of production in our economy will be:

Businesses that produce and sell tangible products such as appliances,furniture,and clothing are part of the:

The Internet has hurt the spread of globalization.

Taxes and government regulations are part of the legal environment in which businesses operate.

To be implemented successfully,empowerment requires that employees are better trained.

Productivity is the amount of output that is generated given the amount of input.

What is demography? Identify several demographic trends in Canada and discuss how they will impact Canadian businesses.

Over half the families in Canada are two-income families.This has decreased the amount of time couple have for themselves or for their families.What are some of the ways that big companies are helping time-pressed employees?

The chance an entrepreneur takes of losing time and money on a business venture that is not profitable is known as the opportunity cost of the business.

Samir is a financial planner who helps people find ways to save for retirement and lower their taxes.Samir is employed in the service sector of the economy. The service sector produces intangible goods.Financial planning is one type of service.

Companies have responded to their diverse customer base by hiring a more diversified work force.

A continuously changing global environment creates a need for continuous learning.

Which of the following describes a reason for the recent job growth in the service sector?

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

Today,more than ever,Canadian businesses require more workers in industries that produce goods.

Explain what a stakeholder is.Identify the different types of stakeholders.

Quality of life refers to:

A business incurs a ___________ if its costs and expenses exceed its revenues.

As a factor of production,the term capital includes:

Saving energy and producing products that cause less harm to the environment is called climate change.

In Canada,most of the offshoring that occurs is with what country?

According to Peter Drucker,the most important factor of production in our economy will be:

Businesses that produce and sell tangible products such as appliances,furniture,and clothing are part of the:

The Internet has hurt the spread of globalization.

Taxes and government regulations are part of the legal environment in which businesses operate.

To be implemented successfully,empowerment requires that employees are better trained.

Productivity is the amount of output that is generated given the amount of input.

What is demography? Identify several demographic trends in Canada and discuss how they will impact Canadian businesses.

Over half the families in Canada are two-income families.This has decreased the amount of time couple have for themselves or for their families.What are some of the ways that big companies are helping time-pressed employees?

The chance an entrepreneur takes of losing time and money on a business venture that is not profitable is known as the opportunity cost of the business.

Samir is a financial planner who helps people find ways to save for retirement and lower their taxes.Samir is employed in the service sector of the economy. The service sector produces intangible goods.Financial planning is one type of service.

Companies have responded to their diverse customer base by hiring a more diversified work force.

A continuously changing global environment creates a need for continuous learning.

Which of the following describes a reason for the recent job growth in the service sector?

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