Question 1

E-commerce is the buying and selling of products and services by businesses and consumers over the Internet.

Accepted Answer

A) True 
 B)False

Question 2

Today's Canadian businesses require _______workers in industries that produce goods.

Accepted Answer

A) more 
B) fewer 
C) trained 
D) Skilled 
A) more 
B) fewer 
C) trained 
D) Skilled

Question 3

One of the five factors of production is Capital,which includes machines,tools,buildings,land,money,or whatever else is used in the production of goods.

Accepted Answer

A) True 
 B)False

Question 4

The subprime mortgage scandal shows:

Accepted Answer

A) the risk of investing in real estate. 
B) the continued weakness of Canada's Asian trading partners. 
C) the increased strength of the Euro and the European market. 
D) the impact of corporate scandals on investor confidence. 
A) the risk of investing in real estate. 
B) the continued weakness of Canada's Asian trading partners. 
C) the increased strength of the Euro and the European market. 
D) the impact of corporate scandals on investor confidence.

Question 5

A lesson to learn from the story of Ron Joyce,who became a franchisee in the first Tim Hortons,is that to be a successful entrepreneur you need to find something that you love to do.

Accepted Answer

A) True 
 B)False

Question 6

Crowdsourcing helps businesses to find solutions to challenges.

Accepted Answer

A) True 
 B)False

Question 7

Stakeholders are all the people who stand to gain or lose by the policies and activities of a business.

Accepted Answer

A) True 
 B)False

Question 8

Countries that keep taxes and regulations to a minimum provide the best environment for competitive businesses.

Accepted Answer

A) True 
 B)False

Question 9

refers to the amount of output generated with a given amount of input, e.g. ,number of pizzas produced per worker per hour.

Accepted Answer

A) Technology 
B) Productivity 
C) Telecommuting 
D) Efficiency 
A) Technology 
B) Productivity 
C) Telecommuting 
D) Efficiency

Question 10

Some service firms have been created to provide services that used to be performed by women who were at home and not in the workforce.

Accepted Answer

A) True 
 B)False

Question 11

Machines,tools,buildings and other means of manufacturing are called:

Accepted Answer

A) machinery. 
B) equipment. 
C) capital goods. 
D) labour. 
A) machinery. 
B) equipment. 
C) capital goods. 
D) labour.

Question 12

Non-profit organizations are similar to businesses in that they often provide goods and services that satisfy the needs of society.

Accepted Answer

A) True 
 B)False

Question 13

All of the following are factors of production except:

Accepted Answer

A) capital. 
B) land. 
C) money. 
D) labour. 
A) capital. 
B) land. 
C) money. 
D) labour.

Question 14

The more money businesses create,the more is potentially available to improve the quality of life for everyone.

Accepted Answer

A) True 
 B)False

Question 15

Certain sectors in the Canadian economy have experienced a significant decline in employment.Which of the following best explains this job loss in specific industries?

Accepted Answer

A) There has been a decline in the productivity of labour in these industries. 
B) Workers lost these jobs because worker productivity in the sector increased. 
C) Government regulations have eliminated profit opportunities in these industries. 
D) The Canadian economy cannot compete in the global environment. 
A) There has been a decline in the productivity of labour in these industries. 
B) Workers lost these jobs because worker productivity in the sector increased. 
C) Government regulations have eliminated profit opportunities in these industries. 
D) The Canadian economy cannot compete in the global environment.

Question 16

Today,more than ever,Canadian businesses require more workers in industries that produce goods.

Accepted Answer

A) True 
 B)False

Question 17

By 2036,one-half of the population will be Generation Z.

Accepted Answer

A) True 
 B)False

Question 18

In recent years,many manufacturing firms in Canada have laid off workers.The best explanation of this trend is that:

Accepted Answer

A) firms have been trying to weaken unions by reducing their reliance on labour. 
B) workers in Canada have become less productive and are no longer able to compete in the global economy. 
C) the economy has been in a prolonged recession/depression that has lasted more than a decade. 
D) the rising Canadian dollar and increasing global competition. 
A) firms have been trying to weaken unions by reducing their reliance on labour. 
B) workers in Canada have become less productive and are no longer able to compete in the global economy. 
C) the economy has been in a prolonged recession/depression that has lasted more than a decade. 
D) the rising Canadian dollar and increasing global competition.

Question 19

Stakeholders include customers, employees, shareholders, suppliers, merchants, bankers, government officials, and environmental advocates.

Accepted Answer

A) True 
 B)False

Question 20

The goal of empowerment in the work environment is to give management more control over the actions of lower-level workers.

Accepted Answer

A) True 
 B)False

E-commerce is the buying and selling of products and services by businesses and consumers over the Internet.

Today's Canadian businesses require _______workers in industries that produce goods.

One of the five factors of production is Capital,which includes machines,tools,buildings,land,money,or whatever else is used in the production of goods.

The subprime mortgage scandal shows:

A lesson to learn from the story of Ron Joyce,who became a franchisee in the first Tim Hortons,is that to be a successful entrepreneur you need to find something that you love to do.

Crowdsourcing helps businesses to find solutions to challenges.

Stakeholders are all the people who stand to gain or lose by the policies and activities of a business.

Countries that keep taxes and regulations to a minimum provide the best environment for competitive businesses.

refers to the amount of output generated with a given amount of input, e.g. ,number of pizzas produced per worker per hour.

Some service firms have been created to provide services that used to be performed by women who were at home and not in the workforce.

Machines,tools,buildings and other means of manufacturing are called:

Non-profit organizations are similar to businesses in that they often provide goods and services that satisfy the needs of society.

All of the following are factors of production except:

The more money businesses create,the more is potentially available to improve the quality of life for everyone.

Certain sectors in the Canadian economy have experienced a significant decline in employment.Which of the following best explains this job loss in specific industries?

Today,more than ever,Canadian businesses require more workers in industries that produce goods.

By 2036,one-half of the population will be Generation Z.

In recent years,many manufacturing firms in Canada have laid off workers.The best explanation of this trend is that:

Stakeholders include customers, employees, shareholders, suppliers, merchants, bankers, government officials, and environmental advocates.

The goal of empowerment in the work environment is to give management more control over the actions of lower-level workers.

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

E-commerce is the buying and selling of products and services by businesses and consumers over the Internet.

Today's Canadian businesses require _______workers in industries that produce goods.

One of the five factors of production is Capital,which includes machines,tools,buildings,land,money,or whatever else is used in the production of goods.

The subprime mortgage scandal shows:

A lesson to learn from the story of Ron Joyce,who became a franchisee in the first Tim Hortons,is that to be a successful entrepreneur you need to find something that you love to do.

Crowdsourcing helps businesses to find solutions to challenges.

Stakeholders are all the people who stand to gain or lose by the policies and activities of a business.

Countries that keep taxes and regulations to a minimum provide the best environment for competitive businesses.

refers to the amount of output generated with a given amount of input, e.g. ,number of pizzas produced per worker per hour.

Some service firms have been created to provide services that used to be performed by women who were at home and not in the workforce.

Machines,tools,buildings and other means of manufacturing are called:

Non-profit organizations are similar to businesses in that they often provide goods and services that satisfy the needs of society.

All of the following are factors of production except:

The more money businesses create,the more is potentially available to improve the quality of life for everyone.

Certain sectors in the Canadian economy have experienced a significant decline in employment.Which of the following best explains this job loss in specific industries?

Today,more than ever,Canadian businesses require more workers in industries that produce goods.

By 2036,one-half of the population will be Generation Z.

In recent years,many manufacturing firms in Canada have laid off workers.The best explanation of this trend is that:

Stakeholders include customers, employees, shareholders, suppliers, merchants, bankers, government officials, and environmental advocates.

The goal of empowerment in the work environment is to give management more control over the actions of lower-level workers.

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