Question 1

Stone Inc.has just been through a friendly takeover.This means that

Accepted Answer

A) these two firms are in a completely unrelated businesses merge. 
B) two firms agree to join together. 
C) the acquired company welcomes the acquisition because it may need cash or other benefits which it believes will be available from the other firm. 
D) the organization will buy back their own stock from an investor who threatened a hostile takeover. 
E) the two firms were direct competitors before the merger and now will not compete with each other after the merger. 
A) these two firms are in a completely unrelated businesses merge. 
B) two firms agree to join together. 
C) the acquired company welcomes the acquisition because it may need cash or other benefits which it believes will be available from the other firm. 
D) the organization will buy back their own stock from an investor who threatened a hostile takeover. 
E) the two firms were direct competitors before the merger and now will not compete with each other after the merger.

Question 2

An organizational boundary separates the organization from its environment.

Accepted Answer

A) True 
 B)False

Question 3

The rise in housing and food prices means that Canadian consumers now spend a larger proportion of their income on necessities than they did 40 years ago.

Accepted Answer

A) True 
 B)False

Question 4

A corporation may overcome the resistance of a takeover target by implementing which of the following actions?

Accepted Answer

A) Buy the target company's preferred stock instead of its common stock 
B) Reduce the price offered for the target company's stock 
C) Threaten to fire the officers of the target company 
D) Buy more of the target company's stock 
E) File a lawsuit 
A) Buy the target company's preferred stock instead of its common stock 
B) Reduce the price offered for the target company's stock 
C) Threaten to fire the officers of the target company 
D) Buy more of the target company's stock 
E) File a lawsuit

Question 5

What are the pros and cons of prolonged economic stability?

Accepted Answer

Pros: Balance,wages constant,l

Question 6

The major cigarette companies have been experiencing a decline in sales due to the overall decrease in smoking across Canada in recent years.These companies are being affected by which dimension of their external environment?

Accepted Answer

A) Technological 
B) Global 
C) Business 
D) Socio-cultural 
E) Economic 
A) Technological 
B) Global 
C) Business 
D) Socio-cultural 
E) Economic

Question 7

What is the strategy of setting up one or more corporate units as new,independent corporations called?

Accepted Answer

A) Spinoff 
B) Offshoot 
C) By-product 
D) Outgrowth 
E) Descendant 
A) Spinoff 
B) Offshoot 
C) By-product 
D) Outgrowth 
E) Descendant

Question 8

When the trough of the business cycle extends two or more years what term is used to describe it?

Accepted Answer

A) Depression 
B) Contraction 
C) Stagflation 
D) Prolonged slump 
E) Recession 
A) Depression 
B) Contraction 
C) Stagflation 
D) Prolonged slump 
E) Recession

Question 9

Which of the following separates the organization from its environment?

Accepted Answer

A) Organizational boundary 
B) Company wall 
C) Corporate perimeter 
D) Institutional fence 
E) External barrier 
A) Organizational boundary 
B) Company wall 
C) Corporate perimeter 
D) Institutional fence 
E) External barrier

Question 10

Explain the relationship between productivity and the standard of living.

Accepted Answer

Standard of living refers to the total q

Question 11

Which of the following would be included in the gross national product of Canada?

Accepted Answer

A) The wages paid to Peruvian workers producing coffee for a Brazilian company 
B) The profits earned by a Canadian-owned manufacturing plant in Brazil 
C) The profits earned by a Brazilian coffee company operating in Canada 
D) The profits earned by a Brazilian coffee company operating in Peru 
E) The wages paid to Brazilian workers producing coffee for sale in Canada 
A) The wages paid to Peruvian workers producing coffee for a Brazilian company 
B) The profits earned by a Canadian-owned manufacturing plant in Brazil 
C) The profits earned by a Brazilian coffee company operating in Canada 
D) The profits earned by a Brazilian coffee company operating in Peru 
E) The wages paid to Brazilian workers producing coffee for sale in Canada

Question 12

If we know that it takes,on average,one Canadian worker and one Canadian dollar to make 10 soccer balls in an 8-hour work day,we can measure Canada's

Accepted Answer

A) balance of trade. 
B) GDP. 
C) productivity. 
D) GNP. 
E) GNP and productivity. 
A) balance of trade. 
B) GDP. 
C) productivity. 
D) GNP. 
E) GNP and productivity.

Question 13

In 2017,Canada had a trade surplus of approximately $23.7billion.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following best describes what the consumer price index is used to indicate?

Accepted Answer

A) The average wage rate for a given region 
B) The economic performance of key consumer product companies 
C) The changes in the cost of consumer products over time 
D) The percentage of consumers in the total population looking for work 
E) The number of price increases within a given period of time 
A) The average wage rate for a given region 
B) The economic performance of key consumer product companies 
C) The changes in the cost of consumer products over time 
D) The percentage of consumers in the total population looking for work 
E) The number of price increases within a given period of time

Question 15

What is the main measure of growth in the business cycle?

Accepted Answer

The main measure of

Question 16

Many companies use ________ to provide secondary services like cafeteria operations for their customers.

Accepted Answer

A) enterprise management 
B) disruption management 
C) outsourcing 
D) core competencies 
E) vertical integration 
A) enterprise management 
B) disruption management 
C) outsourcing 
D) core competencies 
E) vertical integration

Question 17

Why is the socio-cultural environment important for business firms?

Accepted Answer

It is important because the values,attit

Question 18

The main measure of growth in an economic system is

Accepted Answer

A) the business cycle. 
B) standard of living. 
C) gross national product. 
D) gross domestic product. 
E) aggregate output. 
A) the business cycle. 
B) standard of living. 
C) gross national product. 
D) gross domestic product. 
E) aggregate output.

Question 19

How does the external environment affect business?

Accepted Answer

All businesses operate within the contex

Question 20

Which of the following is not an example of a factor in the socio-cultural environment?

Accepted Answer

A) Prepackaged chili is more popular in southwestern U.S.states than in the U.S.northeast. 
B) Consumers in China perceive bicycles primarily as a mode of transportation,while consumers in Canada perceive bicycles as recreational items. 
C) Companies are more likely to set up foreign operations in countries with stable political and economic systems. 
D) McDonald's has added salads and other low-fat foods to its menu. 
E) Many people in the Middle East are unwilling to work in food service operations. 
A) Prepackaged chili is more popular in southwestern U.S.states than in the U.S.northeast. 
B) Consumers in China perceive bicycles primarily as a mode of transportation,while consumers in Canada perceive bicycles as recreational items. 
C) Companies are more likely to set up foreign operations in countries with stable political and economic systems. 
D) McDonald's has added salads and other low-fat foods to its menu. 
E) Many people in the Middle East are unwilling to work in food service operations.

Stone Inc.has just been through a friendly takeover.This means that

An organizational boundary separates the organization from its environment.

The rise in housing and food prices means that Canadian consumers now spend a larger proportion of their income on necessities than they did 40 years ago.

A corporation may overcome the resistance of a takeover target by implementing which of the following actions?

What are the pros and cons of prolonged economic stability?

The major cigarette companies have been experiencing a decline in sales due to the overall decrease in smoking across Canada in recent years.These companies are being affected by which dimension of their external environment?

What is the strategy of setting up one or more corporate units as new,independent corporations called?

When the trough of the business cycle extends two or more years what term is used to describe it?

Which of the following separates the organization from its environment?

Explain the relationship between productivity and the standard of living.

Which of the following would be included in the gross national product of Canada?

If we know that it takes,on average,one Canadian worker and one Canadian dollar to make 10 soccer balls in an 8-hour work day,we can measure Canada's

In 2017,Canada had a trade surplus of approximately $23.7billion.

Which of the following best describes what the consumer price index is used to indicate?

What is the main measure of growth in the business cycle?

Many companies use ________ to provide secondary services like cafeteria operations for their customers.

Why is the socio-cultural environment important for business firms?

The main measure of growth in an economic system is

How does the external environment affect business?

Which of the following is not an example of a factor in the socio-cultural environment?

Understanding the Canadian Business System

Conducting Business Ethically and Responsibly

Entrepreneurship,small Business,and New Venture Creation

The Global Context of Business

Managing the Business Enterprise

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating,satisfying,and Leading Employees

Operations Management,productivity,and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing,promoting,and Distributing Products

Money and Banking

Financial Decisions and Risk Management

Filters

Exam 2: The Environment of Business

Stone Inc.has just been through a friendly takeover.This means that

An organizational boundary separates the organization from its environment.

The rise in housing and food prices means that Canadian consumers now spend a larger proportion of their income on necessities than they did 40 years ago.

A corporation may overcome the resistance of a takeover target by implementing which of the following actions?

What are the pros and cons of prolonged economic stability?

The major cigarette companies have been experiencing a decline in sales due to the overall decrease in smoking across Canada in recent years.These companies are being affected by which dimension of their external environment?

What is the strategy of setting up one or more corporate units as new,independent corporations called?

When the trough of the business cycle extends two or more years what term is used to describe it?

Which of the following separates the organization from its environment?

Explain the relationship between productivity and the standard of living.

Which of the following would be included in the gross national product of Canada?

If we know that it takes,on average,one Canadian worker and one Canadian dollar to make 10 soccer balls in an 8-hour work day,we can measure Canada's

In 2017,Canada had a trade surplus of approximately $23.7billion.

Which of the following best describes what the consumer price index is used to indicate?

What is the main measure of growth in the business cycle?

Many companies use ________ to provide secondary services like cafeteria operations for their customers.

Why is the socio-cultural environment important for business firms?

The main measure of growth in an economic system is

How does the external environment affect business?

Which of the following is not an example of a factor in the socio-cultural environment?

Understanding the Canadian Business System

Conducting Business Ethically and Responsibly

Entrepreneurship,small Business,and New Venture Creation

The Global Context of Business

Managing the Business Enterprise

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating,satisfying,and Leading Employees

Operations Management,productivity,and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing,promoting,and Distributing Products

Money and Banking

Financial Decisions and Risk Management

Filters