Question 1

World trade has both benefits and costs.Which of the following statements attests to this fact?

Accepted Answer

A) The U.S.economy and all businesses that participate in this economy were negatively impacted by the wars in Iraq and Afghanistan. 
B) The standard of living for citizens in developing nations has significantly decreased due to globalization. 
C) Economists are convinced that global job creation will never occur if our politicians support world trade. 
D) Large companies and small companies agree that the green movement is a global issue.Firms are embracing opportunities to bring value to consumers by creating green products and services. 
A) The U.S.economy and all businesses that participate in this economy were negatively impacted by the wars in Iraq and Afghanistan. 
B) The standard of living for citizens in developing nations has significantly decreased due to globalization. 
C) Economists are convinced that global job creation will never occur if our politicians support world trade. 
D) Large companies and small companies agree that the green movement is a global issue.Firms are embracing opportunities to bring value to consumers by creating green products and services.

Question 2

In an effort to increase wealth and their country's standard of living,many governments are taking over major industries and operating them as nonprofit organizations.

Accepted Answer

A) True 
 B)False

Question 3

Greg recently completed his college degree in construction management.He is heading to Mexico City to start a business developing apartment dwellings.After researching several potential areas,he chose Mexico City due to its high population.Greg felt that this factor would create a large labor pool,the most important of the five factors of production.

Accepted Answer

A) True 
 B)False

Question 4

In most industries,the only producers that pose a serious threat to U.S.manufacturers are those in Japan and Western Europe.
Producers in countries like China and India have become major U.S.competitors.For example,Lenovo,a Chinese firm,recently bought IBM's PC unit.

Accepted Answer

A) True 
 B)False

Question 5

It was reported by a Beijing newspaper that China succeeded in improving its people's standard of living and establishing a relatively affluent society in the past seven years.This report clearly indicates that both income levels and the price of goods and services rose significantly during that time period.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following business policies would most likely help a single-parent family?

Accepted Answer

A) Requiring the employee to work regularly scheduled hours each day. 
B) Allowing sick leave to be used only if the employee is ill. 
C) Requiring education outside of regular business hours to help the employee advance. 
D) Allowing family leave and flextime. 
A) Requiring the employee to work regularly scheduled hours each day. 
B) Allowing sick leave to be used only if the employee is ill. 
C) Requiring education outside of regular business hours to help the employee advance. 
D) Allowing family leave and flextime.

Question 7

By balancing the demands of customers and stockholders,businesses satisfy the demands of all stakeholders.

Accepted Answer

A) True 
 B)False

World trade has both benefits and costs.Which of the following statements attests to this fact?

In an effort to increase wealth and their country's standard of living,many governments are taking over major industries and operating them as nonprofit organizations.

In most industries,the only producers that pose a serious threat to U.S.manufacturers are those in Japan and Western Europe. Producers in countries like China and India have become major U.S.competitors.For example,Lenovo,a Chinese firm,recently bought IBM's PC unit.

Which of the following business policies would most likely help a single-parent family?

By balancing the demands of customers and stockholders,businesses satisfy the demands of all stakeholders.

Understanding Economics and How It Affects Business

Doing Business in Global Markets

Demanding Ethical and Socially Responsible Behavior

How to Form a Business

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Union and Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money,financial Institutions,and the Federal Reserve

test Planning Table for Bonus Chapter A

Using Technology to Manage Information

Managing Risk

Managing Personal Finances

Filters

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

World trade has both benefits and costs.Which of the following statements attests to this fact?

In an effort to increase wealth and their country's standard of living,many governments are taking over major industries and operating them as nonprofit organizations.

In most industries,the only producers that pose a serious threat to U.S.manufacturers are those in Japan and Western Europe. Producers in countries like China and India have become major U.S.competitors.For example,Lenovo,a Chinese firm,recently bought IBM's PC unit.

Which of the following business policies would most likely help a single-parent family?

By balancing the demands of customers and stockholders,businesses satisfy the demands of all stakeholders.

Understanding Economics and How It Affects Business

Doing Business in Global Markets

Demanding Ethical and Socially Responsible Behavior

How to Form a Business

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Union and Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money,financial Institutions,and the Federal Reserve

test Planning Table for Bonus Chapter A

Using Technology to Manage Information

Managing Risk

Managing Personal Finances

Filters