Question 1

Company A and Company F have been in direct competition for many years.Recently,an announcement was made of a merger between the two companies.This would be a

Accepted Answer

A) reverse merger. 
B) joint venture. 
C) vertical merger. 
D) friendly takeover. 
E) horizontal merger. 
A) reverse merger. 
B) joint venture. 
C) vertical merger. 
D) friendly takeover. 
E) horizontal merger.

Question 2

What is it called when a company decides to sell part of its existing business operations to another corporation?

Accepted Answer

A) Disbursement 
B) Sell off 
C) Liquefying 
D) Offloading 
E) Divestiture 
A) Disbursement 
B) Sell off 
C) Liquefying 
D) Offloading 
E) Divestiture

Question 3

The ________ is the growth rate of GDP adjusted for inflation and change in value of the country's currency.

Accepted Answer

A) adjusted growth rate 
B) gross national product 
C) real growth rate 
D) per capita GDP 
E) real GDP 
A) adjusted growth rate 
B) gross national product 
C) real growth rate 
D) per capita GDP 
E) real GDP

Question 4

What is measured by the consumer price index (CPI)?

Accepted Answer

The consumer price index measu

Question 5

What is cyclical unemployment?

Accepted Answer

Cyclical unemploymen

Question 6

Porter's five forces model describes five important forces that cause managers to make mistakes when marketing new products.

Accepted Answer

A) True 
 B)False

Question 7

A(n)________ separates the organization from its environment.

Accepted Answer

A) organizational boundary 
B) process boundary 
C) enterprise resource 
D) aggregate output 
E) integration 
A) organizational boundary 
B) process boundary 
C) enterprise resource 
D) aggregate output 
E) integration

Question 8

________ includes human knowledge,work methods,physical equipment,electronics and telecommunications,and various processing systems that are used in performing business activities.

Accepted Answer

A) The technological environment 
B) The social environment 
C) The political-legal environment 
D) The competitive environment 
E) The economic environment 
A) The technological environment 
B) The social environment 
C) The political-legal environment 
D) The competitive environment 
E) The economic environment

Question 9

When companies in the same industry merge,what is it called?

Accepted Answer

A) Horizontal merger 
B) Vertical merger 
C) Conglomerate merger 
D) Unifying merger 
E) Industrial merger 
A) Horizontal merger 
B) Vertical merger 
C) Conglomerate merger 
D) Unifying merger 
E) Industrial merger

Question 10

Some industries are relatively easy to enter,but automobile manufacturing is not because

Accepted Answer

A) the market is saturated. 
B) it is very capital-intensive. 
C) it is a foreign market. 
D) it is too labour intensive. 
E) None of these is correct. 
A) the market is saturated. 
B) it is very capital-intensive. 
C) it is a foreign market. 
D) it is too labour intensive. 
E) None of these is correct.

Question 11

Productivity is the measure of economic growth that compares how much a system produces with the resources needed to produce it.

Accepted Answer

A) True 
 B)False

Question 12

Inflation is relevant only for specific industries.

Accepted Answer

A) True 
 B)False

Question 13

According to the ________ principle,exchange rates are set so that the prices of similar products in different countries are about the same.

Accepted Answer

A) nominal GDP 
B) gross national product 
C) consumer price index 
D) equal prices 
E) purchasing power parity 
A) nominal GDP 
B) gross national product 
C) consumer price index 
D) equal prices 
E) purchasing power parity

Question 14

How is a vertical merger different than a horizontal merger?

Accepted Answer

A vertical merger occurs when one of the

Question 15

Profits from a Canadian-owned factory in Brazil are included in the GDP of Brazil.

Accepted Answer

A) True 
 B)False

Question 16

There is a trend toward mixing business and entertainment.This is an example of which element of the external environment?

Accepted Answer

The trend toward mixing busine

Question 17

What is unemployment? How does low unemployment threaten economic stability?

Accepted Answer

Unemployment is the joblessness of peopl

Question 18

How might an economic environment characterized by moderate unemployment and low inflation affect a McDonald's restaurant?

Accepted Answer

Moderate unemployment will result in mos

Question 19

Which of the following is not one of the dimensions of a business organization?

Accepted Answer

A) Economic environment 
B) Technological environment 
C) Multicultural environment 
D) Political-legal environment 
E) Global environment 
A) Economic environment 
B) Technological environment 
C) Multicultural environment 
D) Political-legal environment 
E) Global environment

Question 20

When two companies merge,and one is a supplier or customer to the other,it is called a vertical merger.

Accepted Answer

A) True 
 B)False

Company A and Company F have been in direct competition for many years.Recently,an announcement was made of a merger between the two companies.This would be a

What is it called when a company decides to sell part of its existing business operations to another corporation?

The ________ is the growth rate of GDP adjusted for inflation and change in value of the country's currency.

What is measured by the consumer price index (CPI)?

What is cyclical unemployment?

Porter's five forces model describes five important forces that cause managers to make mistakes when marketing new products.

A(n)________ separates the organization from its environment.

________ includes human knowledge,work methods,physical equipment,electronics and telecommunications,and various processing systems that are used in performing business activities.

When companies in the same industry merge,what is it called?

Some industries are relatively easy to enter,but automobile manufacturing is not because

Productivity is the measure of economic growth that compares how much a system produces with the resources needed to produce it.

Inflation is relevant only for specific industries.

According to the ________ principle,exchange rates are set so that the prices of similar products in different countries are about the same.

How is a vertical merger different than a horizontal merger?

Profits from a Canadian-owned factory in Brazil are included in the GDP of Brazil.

There is a trend toward mixing business and entertainment.This is an example of which element of the external environment?

What is unemployment? How does low unemployment threaten economic stability?

How might an economic environment characterized by moderate unemployment and low inflation affect a McDonald's restaurant?

Which of the following is not one of the dimensions of a business organization?

When two companies merge,and one is a supplier or customer to the other,it is called a vertical merger.

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

Company A and Company F have been in direct competition for many years.Recently,an announcement was made of a merger between the two companies.This would be a

What is it called when a company decides to sell part of its existing business operations to another corporation?

The ________ is the growth rate of GDP adjusted for inflation and change in value of the country's currency.

What is measured by the consumer price index (CPI)?

What is cyclical unemployment?

Porter's five forces model describes five important forces that cause managers to make mistakes when marketing new products.

A(n)________ separates the organization from its environment.

________ includes human knowledge,work methods,physical equipment,electronics and telecommunications,and various processing systems that are used in performing business activities.

When companies in the same industry merge,what is it called?

Some industries are relatively easy to enter,but automobile manufacturing is not because

Productivity is the measure of economic growth that compares how much a system produces with the resources needed to produce it.

Inflation is relevant only for specific industries.

According to the ________ principle,exchange rates are set so that the prices of similar products in different countries are about the same.

How is a vertical merger different than a horizontal merger?

Profits from a Canadian-owned factory in Brazil are included in the GDP of Brazil.

There is a trend toward mixing business and entertainment.This is an example of which element of the external environment?

What is unemployment? How does low unemployment threaten economic stability?

How might an economic environment characterized by moderate unemployment and low inflation affect a McDonald's restaurant?

Which of the following is not one of the dimensions of a business organization?

When two companies merge,and one is a supplier or customer to the other,it is called a vertical merger.

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