Exam 2: The Environment of Business

If casinos notice an increase in business due to the fact that many people no longer regard gambling as wrong,this demonstrates a change in the ________ dimension of their external environment.

John is experiencing ________ unemployment because he is out of work temporarily while looking for a new job,while Sally is experiencing ________ unemployment because she is out work because of a downturn in the business cycle.

How is Porter's five forces model useful from the perspective of a business manager?

BSX Inc.gave shareholders the right to purchase company stock at a 50 percent discount if a group without approval of BSX's board of directors acquired more than 20 percent of the company's shares.This is an example of

Full employment is impossible.

The majority of companies that have adopted ESOPs have experienced improvement in both sales and profits.

Purchasing power parity is the principle that exchange rates are set so that the prices of similar products in different countries are about the same.

List the five forces in Porter's model.

The socio-cultural environment is the conditions reflecting the relationship between business and government,usually in the form of government regulation.

A nation's ________ is the total amount of money that the government owes its creditors.

An enterprise in which two or more persons or companies temporarily join forces to undertake a project is which of the following?

A computer programmer who has just quit her job but who will find a new one soon is an example of ________ unemployment.

Inflation causes an increase in the purchasing power of money.

In an acquisition,one firm simply buys another firm,whereas in a merger the consolidation is more collaborative.

Sales had been low at Stephen's Home Office Supplies for several months,but then business started picking up again.Stephen's business went through which two phases of the business cycle?

The quality of relations between sovereign governments does not have much impact on businesses operating in those countries.

When one company sells part of its existing business operations to another company,this is called

The political-legal environment describes

Deflation is generally a positive thing for consumers because their dollars go further.

Distributors who are in a grocery store restocking shelves are normally considered part of the ________ rather than the ________.