Question 1

Companies will not have to respond to the trend of an aging population.

Accepted Answer

A) True 
 B)False

Question 2

The Buckmaker Corporation generated total revenues of $30 million dollars while incurring expenses of $17 million.Therefore,during the year Buckmaker Corporation earned a profit of $13 million.

Accepted Answer

A) True 
 B)False

Question 3

Starting a business is a riskier path toward business success than working your way up the ranks of a large business.

Accepted Answer

A) True 
 B)False

Question 4

Entrepreneurship is one of the five factors of production that contribute to the creation of wealth.

Accepted Answer

A) True 
 B)False

Question 5

Birth-rates have declined in Canada since when?

Accepted Answer

A) Mid-1970s 
B) Mid-1950s 
C) Mid-1960s 
D) Mid-1980s 
A) Mid-1970s 
B) Mid-1950s 
C) Mid-1960s 
D) Mid-1980s

Question 6

The goods-producing sector includes manufacturing,utilities,agriculture,and service.

Accepted Answer

A) True 
 B)False

Question 7

An increase in global trade will bring about a(n):

Accepted Answer

A) increased political instability. 
B) increase in global competition. 
C) decrease in jobs. 
D) increase in prices. 
A) increased political instability. 
B) increase in global competition. 
C) decrease in jobs. 
D) increase in prices.

Question 8

An electronic storage file where firms keep customer information is known as a(n):

Accepted Answer

A) database. 
B) MP3 file. 
C) e-mail server. 
D) management information system. 
A) database. 
B) MP3 file. 
C) e-mail server. 
D) management information system.

Question 9

The service era is now coming to a close,being replaced by an information-based revolution.

Accepted Answer

A) True 
 B)False

Question 10

The statistical study of the human population to describe its size,age,gender,and income is known as diversity recognition.

Accepted Answer

A) True 
 B)False

Question 11

Recently,Marie received a telephone call from her credit card company asking if she had just placed a large off-shore wager using her credit card.Marie indicated that she had not.The illegal use of Marie's credit card probably happened because Marie:

Accepted Answer

A) had just been approved for a new credit card 
B) had not used her credit card for many months 
C) has made frequent on-line purchases,and in the course of completing one of these,an identity theft occurred 
D) had loaned her credit card to a personal friend 
A) had just been approved for a new credit card 
B) had not used her credit card for many months 
C) has made frequent on-line purchases,and in the course of completing one of these,an identity theft occurred 
D) had loaned her credit card to a personal friend

Question 12

The term standard of living refers to the amount of goods people can buy with the money they make from their business.

Accepted Answer

A) True 
 B)False

Question 13

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

Question 14

The new era of business is likely to be dominated by the:

Accepted Answer

A) continued decline in productivity. 
B) agricultural sector. 
C) manufacturing sector. 
D) information-based sector. 
A) continued decline in productivity. 
B) agricultural sector. 
C) manufacturing sector. 
D) information-based sector.

Question 15

The two factors of production that are the most important for creating wealth are entrepreneurship and the effective use of knowledge.

Accepted Answer

A) True 
 B)False

Question 16

Companies that sell goods to consumers over the Internet are engaging in:

Accepted Answer

A) B2B transactions. 
B) Y2K transactions. 
C) B2C transactions. 
D) IOU transactions. 
A) B2B transactions. 
B) Y2K transactions. 
C) B2C transactions. 
D) IOU transactions.

Question 17

Countries with an inadequately trained work force and few entrepreneurs often achieve the highest levels of income by relying on a large number of workers.

Accepted Answer

A) True 
 B)False

Question 18

In Canada,the majority of jobs are generated in the services-producing sector.

Accepted Answer

A) True 
 B)False

Question 19

Greening impacts every type of business decision.

Accepted Answer

A) True 
 B)False

Question 20

The degree of entrepreneurship present is part of the economic environment.

Accepted Answer

A) True 
 B)False

Companies will not have to respond to the trend of an aging population.

The Buckmaker Corporation generated total revenues of $30 million dollars while incurring expenses of $17 million.Therefore,during the year Buckmaker Corporation earned a profit of $13 million.

Starting a business is a riskier path toward business success than working your way up the ranks of a large business.

Entrepreneurship is one of the five factors of production that contribute to the creation of wealth.

Birth-rates have declined in Canada since when?

The goods-producing sector includes manufacturing,utilities,agriculture,and service.

An increase in global trade will bring about a(n):

An electronic storage file where firms keep customer information is known as a(n):

The service era is now coming to a close,being replaced by an information-based revolution.

The statistical study of the human population to describe its size,age,gender,and income is known as diversity recognition.

Recently,Marie received a telephone call from her credit card company asking if she had just placed a large off-shore wager using her credit card.Marie indicated that she had not.The illegal use of Marie's credit card probably happened because Marie:

The term standard of living refers to the amount of goods people can buy with the money they make from their business.

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

The new era of business is likely to be dominated by the:

The two factors of production that are the most important for creating wealth are entrepreneurship and the effective use of knowledge.

Companies that sell goods to consumers over the Internet are engaging in:

Countries with an inadequately trained work force and few entrepreneurs often achieve the highest levels of income by relying on a large number of workers.

In Canada,the majority of jobs are generated in the services-producing sector.

Greening impacts every type of business decision.

The degree of entrepreneurship present is part of the economic environment.

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

Companies will not have to respond to the trend of an aging population.

The Buckmaker Corporation generated total revenues of $30 million dollars while incurring expenses of $17 million.Therefore,during the year Buckmaker Corporation earned a profit of $13 million.

Starting a business is a riskier path toward business success than working your way up the ranks of a large business.

Entrepreneurship is one of the five factors of production that contribute to the creation of wealth.

Birth-rates have declined in Canada since when?

The goods-producing sector includes manufacturing,utilities,agriculture,and service.

An increase in global trade will bring about a(n):

An electronic storage file where firms keep customer information is known as a(n):

The service era is now coming to a close,being replaced by an information-based revolution.

The statistical study of the human population to describe its size,age,gender,and income is known as diversity recognition.

Recently,Marie received a telephone call from her credit card company asking if she had just placed a large off-shore wager using her credit card.Marie indicated that she had not.The illegal use of Marie's credit card probably happened because Marie:

The term standard of living refers to the amount of goods people can buy with the money they make from their business.

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

The new era of business is likely to be dominated by the:

The two factors of production that are the most important for creating wealth are entrepreneurship and the effective use of knowledge.

Companies that sell goods to consumers over the Internet are engaging in:

Countries with an inadequately trained work force and few entrepreneurs often achieve the highest levels of income by relying on a large number of workers.

In Canada,the majority of jobs are generated in the services-producing sector.

Greening impacts every type of business decision.

The degree of entrepreneurship present is part of the economic environment.

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