Question 1

______________means producing items with the least amount of resources.

Accepted Answer

A) Productivity 
B) Efficiency 
C) Technology 
D) E-production 
A) Productivity 
B) Efficiency 
C) Technology 
D) E-production

Question 2

Some growth in the service sector has come after large manufacturers contracted out some jobs.

Accepted Answer

A) True 
 B)False

Question 3

When businesses sell to other businesses over the Internet,these transactions are known as:

Accepted Answer

A) B2C transactions. 
B) B2B transactions. 
C) intermediate e-commerce transactions. 
D) e-wholesale transactions. 
A) B2C transactions. 
B) B2B transactions. 
C) intermediate e-commerce transactions. 
D) e-wholesale transactions.

Question 4

The services producing sector employs 78% pf the working population.

Accepted Answer

A) True 
 B)False

Question 5

Technology affects people in:

Accepted Answer

A) information technology industries with the exception of agriculture. 
B) primarily high income countries. 
C) all industries. 
D) most industries. 
A) information technology industries with the exception of agriculture. 
B) primarily high income countries. 
C) all industries. 
D) most industries.

Question 6

Population studies indicate that the percentage of elderly in Canada is likely to remain unchanged.

Accepted Answer

A) True 
 B)False

Question 7

Quality of life refers to:

Accepted Answer

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

Question 8

Maintaining a high quality of life requires the combined efforts of businesses,non-profit organizations,and volunteer groups.

Accepted Answer

A) True 
 B)False

Question 9

The B2C market consists of selling goods and services from one business to another.

Accepted Answer

A) True 
 B)False

Question 10

To be effective,empowerment will require lower-level workers to:

Accepted Answer

A) have written policies regulating each aspect of their work. 
B) have more training. 
C) receive less training. 
D) accept less responsibility and lower wages. 
A) have written policies regulating each aspect of their work. 
B) have more training. 
C) receive less training. 
D) accept less responsibility and lower wages.

Question 11

Johnsonville is a small and poor nation,but its current president has a genuine desire to create more wealth for Johnsonville's citizens.The president has received recommendations from several of her advisors.Which of the following recommendations is likely to create the most wealth for Johnsonville?

Accepted Answer

A) establish barriers to trade to protect Johnsonville businesses from foreign competition. 
B) establish a business environment that promotes and rewards entrepreneurship. 
C) acquire more land by invading a neighboring country that is even poorer and weaker than Johnsonville. 
D) use foreign aid from other nations to purchase more tools and machinery. 
A) establish barriers to trade to protect Johnsonville businesses from foreign competition. 
B) establish a business environment that promotes and rewards entrepreneurship. 
C) acquire more land by invading a neighboring country that is even poorer and weaker than Johnsonville. 
D) use foreign aid from other nations to purchase more tools and machinery.

Question 12

Non-profit organizations:

Accepted Answer

A) last for only short periods of time as their objective is not to create profits for their owners. 
B) are run by the government. 
C) have a hard time hiring employees as they have no means of paying them. 
D) can provide an opportunity for individuals to address social issues. 
A) last for only short periods of time as their objective is not to create profits for their owners. 
B) are run by the government. 
C) have a hard time hiring employees as they have no means of paying them. 
D) can provide an opportunity for individuals to address social issues.

Question 13

The trend toward saving energy and producing products that cause less harm to the environment is known as what?

Accepted Answer

A) greening 
B) free trade 
C) foreign exchange 
D) growth of international competition 
A) greening 
B) free trade 
C) foreign exchange 
D) growth of international competition

Question 14

People born in Canada between 1980 and 1995 are referred to as:

Accepted Answer

A) diversity workers. 
B) Generation Y. 
C) baby boomers. 
D) Generation X. 
A) diversity workers. 
B) Generation Y. 
C) baby boomers. 
D) Generation X.

Question 15

PIPEDA sets out how companies may collect,use and disclose personal information.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Those born between 1995 and 2009 are known as what?

Accepted Answer

A) Generation Z. 
B) Generation Y. 
C) baby boomers. 
D) Generation X. 
A) Generation Z. 
B) Generation Y. 
C) baby boomers. 
D) Generation X.

Question 18

About what percentage of Canadians are employed in the manufacturing sector?

Accepted Answer

A) 80 
B) 20 
C) 40 
D) 10 
A) 80 
B) 20 
C) 40 
D) 10

Question 19

A recent report found that 25% of small businesses use social media.

Accepted Answer

A) True 
 B)False

Question 20

As businesses expand to serve global markets,new jobs will be created in the manufacturing sector.

Accepted Answer

A) True 
 B)False

______________means producing items with the least amount of resources.

Some growth in the service sector has come after large manufacturers contracted out some jobs.

When businesses sell to other businesses over the Internet,these transactions are known as:

The services producing sector employs 78% pf the working population.

Technology affects people in:

Population studies indicate that the percentage of elderly in Canada is likely to remain unchanged.

Quality of life refers to:

Maintaining a high quality of life requires the combined efforts of businesses,non-profit organizations,and volunteer groups.

The B2C market consists of selling goods and services from one business to another.

To be effective,empowerment will require lower-level workers to:

Non-profit organizations:

The trend toward saving energy and producing products that cause less harm to the environment is known as what?

People born in Canada between 1980 and 1995 are referred to as:

PIPEDA sets out how companies may collect,use and disclose personal information.

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

Those born between 1995 and 2009 are known as what?

About what percentage of Canadians are employed in the manufacturing sector?

A recent report found that 25% of small businesses use social media.

As businesses expand to serve global markets,new jobs will be created in the manufacturing sector.

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

______________means producing items with the least amount of resources.

Some growth in the service sector has come after large manufacturers contracted out some jobs.

When businesses sell to other businesses over the Internet,these transactions are known as:

The services producing sector employs 78% pf the working population.

Technology affects people in:

Population studies indicate that the percentage of elderly in Canada is likely to remain unchanged.

Quality of life refers to:

Maintaining a high quality of life requires the combined efforts of businesses,non-profit organizations,and volunteer groups.

The B2C market consists of selling goods and services from one business to another.

To be effective,empowerment will require lower-level workers to:

Non-profit organizations:

The trend toward saving energy and producing products that cause less harm to the environment is known as what?

People born in Canada between 1980 and 1995 are referred to as:

PIPEDA sets out how companies may collect,use and disclose personal information.

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

Those born between 1995 and 2009 are known as what?

About what percentage of Canadians are employed in the manufacturing sector?

A recent report found that 25% of small businesses use social media.

As businesses expand to serve global markets,new jobs will be created in the manufacturing sector.

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