Question 1

The transition from an agricultural economy to a manufacturing economy to a
service-based economy has resulted in a serious increase in long-term unemployment.

Accepted Answer

A) True 
 B)False

Question 2

Corruption and illegal activities are expected in a capitalist system and can be beneficial.

Accepted Answer

A) True 
 B)False

Question 3

Profits of a business include the salaries paid to the owners and employees of that business.

Accepted Answer

A) True 
 B)False

Question 4

Offshoring entails:

Accepted Answer

A) being controlled by a board of directors. 
B) sourcing parts outside of the country. 
C) having a limited life. 
D) assigning various functions to outside organizations. 
A) being controlled by a board of directors. 
B) sourcing parts outside of the country. 
C) having a limited life. 
D) assigning various functions to outside organizations.

Question 5

One economic environmental factor of great importance to many businesses is:

Accepted Answer

A) the movement of the Canadian dollar. 
B) entrepreneurship. 
C) the actions of non-profits. 
D) stakeholder activities. 
A) the movement of the Canadian dollar. 
B) entrepreneurship. 
C) the actions of non-profits. 
D) stakeholder activities.

Question 6

Globalization has greatly ________

Accepted Answer

A) hurt consumers 
B) reduced the number of jobs worldwide 
C) improved living standards around the world 
D) declined 
A) hurt consumers 
B) reduced the number of jobs worldwide 
C) improved living standards around the world 
D) declined

Question 7

The advice provided by a lawyer is an example of the service industry.

Accepted Answer

A) True 
 B)False

Question 8

About what percentage of Canadians are employed in the goods-producing sector?

Accepted Answer

A) 625 
B) 22 
C) 42 
D) 12 
A) 625 
B) 22 
C) 42 
D) 12

Question 9

In countries where businesses are government owned:

Accepted Answer

A) profits tend to be higher. 
B) there is less incentive to work hard. 
C) the right amount of each good is produced. 
D) the quality of goods is high but profits are low. 
A) profits tend to be higher. 
B) there is less incentive to work hard. 
C) the right amount of each good is produced. 
D) the quality of goods is high but profits are low.

Question 10

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

Accepted Answer

A) Depreciation 
B) Fallibility 
C) Redundancy 
D) Risk 
A) Depreciation 
B) Fallibility 
C) Redundancy 
D) Risk

Question 11

Technology refers to everything that makes business operations more efficient and productive.

Accepted Answer

A) True 
 B)False

Question 12

Companies have gone from outsourcing jobs to offshoring what?

Accepted Answer

A) the purchase of inputs 
B) research and development 
C) stakeholders 
D) profits 
A) the purchase of inputs 
B) research and development 
C) stakeholders 
D) profits

Question 13

Although employment in the service sector has increased rapidly in recent years,the vast majority of workers are still employed in the goods producing sector.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Empowerment requires that managers focus more on_________ lower-level employees.

Accepted Answer

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

Question 16

The baby-boom includes those people born after 1995.

Accepted Answer

A) True 
 B)False

Question 17

The Internet has increased and improved a business's responsiveness to their customers.

Accepted Answer

A) True 
 B)False

Question 18

Baby boomers are those people born between 1965 and 1980.

Accepted Answer

A) True 
 B)False

Question 19

The statistical study of human population to learn its size,density,and characteristics is called:

Accepted Answer

A) econometrics 
B) geometry 
C) psychographics 
D) demography 
A) econometrics 
B) geometry 
C) psychographics 
D) demography

Question 20

The growth in the service sector in Canada has,in part,been due to technological improvements.

Accepted Answer

A) True 
 B)False

The transition from an agricultural economy to a manufacturing economy to a service-based economy has resulted in a serious increase in long-term unemployment.

Corruption and illegal activities are expected in a capitalist system and can be beneficial.

Profits of a business include the salaries paid to the owners and employees of that business.

Offshoring entails:

One economic environmental factor of great importance to many businesses is:

Globalization has greatly ________

The advice provided by a lawyer is an example of the service industry.

About what percentage of Canadians are employed in the goods-producing sector?

In countries where businesses are government owned:

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

Technology refers to everything that makes business operations more efficient and productive.

Companies have gone from outsourcing jobs to offshoring what?

Although employment in the service sector has increased rapidly in recent years,the vast majority of workers are still employed in the goods producing sector.

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

Empowerment requires that managers focus more on_________ lower-level employees.

The baby-boom includes those people born after 1995.

The Internet has increased and improved a business's responsiveness to their customers.

Baby boomers are those people born between 1965 and 1980.

The statistical study of human population to learn its size,density,and characteristics is called:

The growth in the service sector in Canada has,in part,been due to technological improvements.

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

The transition from an agricultural economy to a manufacturing economy to a service-based economy has resulted in a serious increase in long-term unemployment.

Corruption and illegal activities are expected in a capitalist system and can be beneficial.

Profits of a business include the salaries paid to the owners and employees of that business.

Offshoring entails:

One economic environmental factor of great importance to many businesses is:

Globalization has greatly ________

The advice provided by a lawyer is an example of the service industry.

About what percentage of Canadians are employed in the goods-producing sector?

In countries where businesses are government owned:

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

Technology refers to everything that makes business operations more efficient and productive.

Companies have gone from outsourcing jobs to offshoring what?

Although employment in the service sector has increased rapidly in recent years,the vast majority of workers are still employed in the goods producing sector.

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

Empowerment requires that managers focus more on_________ lower-level employees.

The baby-boom includes those people born after 1995.

The Internet has increased and improved a business's responsiveness to their customers.

Baby boomers are those people born between 1965 and 1980.

The statistical study of human population to learn its size,density,and characteristics is called:

The growth in the service sector in Canada has,in part,been due to technological improvements.

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