Question 1

According to statistics Canada,by 2036 what proportion of the population will be Generation Z?

Accepted Answer

A) 2/3 
B) 1/2 
C) 1/3 
D) 1/4 
A) 2/3 
B) 1/2 
C) 1/3 
D) 1/4 D

Question 2

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

Accepted Answer

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

Question 3

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

Accepted Answer

A) True 
 B)False  False

Question 4

High taxes and government restrictions help to encourage entrepreneurs by providing greater incentives for people to work hard and create profit.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Tools,machinery,and buildings are all types of capital resources.

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

Question 8

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

Accepted Answer

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

Question 9

There are two ways to succeed in business.One way is to rise up through the ranks of a large company.What is the other way?

Accepted Answer

A) working for a small business. 
B) starting a business. 
C) working for a non-profit organization. 
D) working for the government. 
A) working for a small business. 
B) starting a business. 
C) working for a non-profit organization. 
D) working for the government.

Question 10

Governments can increase the risk of entrepreneurship by passing laws that enable business people to write contracts that are enforceable in court.

Accepted Answer

A) True 
 B)False

Question 11

Saving energy is part of greening.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is a factor of production?

Accepted Answer

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

Question 13

Mark recently graduated with honours from his college.He has bragged to his friends that his fine academic performance has prepared him so well for a successful career that he can forget school or training in his future.In evaluating the workplace of the future,Mark is:

Accepted Answer

A) over confident.Global competition means that flexibility,finding out where jobs are being created,and moving when appropriate are important. 
B) exactly right.His past performance should carry him to success. 
C) completely wrong.Studies show that a college education has little to do with success. 
D) probably right.Specialized training today is a key to continued success in the future. 
A) over confident.Global competition means that flexibility,finding out where jobs are being created,and moving when appropriate are important. 
B) exactly right.His past performance should carry him to success. 
C) completely wrong.Studies show that a college education has little to do with success. 
D) probably right.Specialized training today is a key to continued success in the future.

Question 14

Capital is now easy for firms to find in world markets.

Accepted Answer

A) True 
 B)False

Question 15

Any activity that produces a good or service to others while operating at a profit can be classified as a business.

Accepted Answer

A) True 
 B)False

Question 16

Global competition has decreased in recent years.

Accepted Answer

A) True 
 B)False

Question 17

Profit is over and above the money you pay yourself in salary.

Accepted Answer

A) True 
 B)False

Question 18

The goal for many companies is 5% defects in their products.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

While the proportion of workers employed in agriculture has remained relatively constant,the average size of farms has steadily decreased over the past century.

Accepted Answer

A) True 
 B)False

According to statistics Canada,by 2036 what proportion of the population will be Generation Z?

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

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

High taxes and government restrictions help to encourage entrepreneurs by providing greater incentives for people to work hard and create profit.

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

Tools,machinery,and buildings are all types of capital resources.

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

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

There are two ways to succeed in business.One way is to rise up through the ranks of a large company.What is the other way?

Governments can increase the risk of entrepreneurship by passing laws that enable business people to write contracts that are enforceable in court.

Saving energy is part of greening.

Which of the following is a factor of production?

Mark recently graduated with honours from his college.He has bragged to his friends that his fine academic performance has prepared him so well for a successful career that he can forget school or training in his future.In evaluating the workplace of the future,Mark is:

Capital is now easy for firms to find in world markets.

Any activity that produces a good or service to others while operating at a profit can be classified as a business.

Global competition has decreased in recent years.

Profit is over and above the money you pay yourself in salary.

The goal for many companies is 5% defects in their products.

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

While the proportion of workers employed in agriculture has remained relatively constant,the average size of farms has steadily decreased over the past century.

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business Appendix a Working Within the Legal Environment of Business

Ethics and Social Responsibility

Forms of Business Ownership

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemdashmanagement Issues and Relations

Marketing: Helping Buyers Buy

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

Understanding Accounting and Financial Information

Financial Management Appendix C Managing Risk

The Financial Services Industry in Canada

Filters

Exam 1: The Dynamic Business Environment

According to statistics Canada,by 2036 what proportion of the population will be Generation Z?

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

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

High taxes and government restrictions help to encourage entrepreneurs by providing greater incentives for people to work hard and create profit.

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

Tools,machinery,and buildings are all types of capital resources.

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

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

There are two ways to succeed in business.One way is to rise up through the ranks of a large company.What is the other way?

Governments can increase the risk of entrepreneurship by passing laws that enable business people to write contracts that are enforceable in court.

Saving energy is part of greening.

Which of the following is a factor of production?

Mark recently graduated with honours from his college.He has bragged to his friends that his fine academic performance has prepared him so well for a successful career that he can forget school or training in his future.In evaluating the workplace of the future,Mark is:

Capital is now easy for firms to find in world markets.

Any activity that produces a good or service to others while operating at a profit can be classified as a business.

Global competition has decreased in recent years.

Profit is over and above the money you pay yourself in salary.

The goal for many companies is 5% defects in their products.

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

While the proportion of workers employed in agriculture has remained relatively constant,the average size of farms has steadily decreased over the past century.

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business Appendix a Working Within the Legal Environment of Business

Ethics and Social Responsibility

Forms of Business Ownership

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemdashmanagement Issues and Relations

Marketing: Helping Buyers Buy

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

Understanding Accounting and Financial Information

Financial Management Appendix C Managing Risk

The Financial Services Industry in Canada

Filters