Question 1

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

Accepted Answer

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

Question 2

Which of the following is an advantage of utilizing technology?

Accepted Answer

A)  Technology increases the cost of production. 
B)  Technology reduces the need for a marketing plan. 
C)  Productivity increases. 
D)  Management becomes isolated from the demands of stakeholders. 
A)  Technology increases the cost of production. 
B)  Technology reduces the need for a marketing plan. 
C)  Productivity increases. 
D)  Management becomes isolated from the demands of stakeholders.

Question 3

The number of U.S. jobs in manufacturing has increased in the past five years.

Accepted Answer

A) True 
 B)False

Question 4

Globalization:

Accepted Answer

A)  has greatly improved living standards around the world. 
B)  has significantly reduced living standards around the world. 
C)  has opened doors to only a handful of markets. 
D)  has greatly changed companies that hire people to sell products, but not for companies that hire people to provide services. 
A)  has greatly improved living standards around the world. 
B)  has significantly reduced living standards around the world. 
C)  has opened doors to only a handful of markets. 
D)  has greatly changed companies that hire people to sell products, but not for companies that hire people to provide services.

Question 5

The threat of terrorism increases the costs of operating most businesses.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

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

Question 7

World-class businesses attempt to meet the needs of:

Accepted Answer

A)  their customers, even if it comes at the expense of employees and other stakeholders in the business. 
B)  their employees, even if it means shortchanging customers by charging higher prices. 
C)  all of their stakeholders. 
D)  exclusively their owners, since they are ultimately the ones who pay the bills. 
A)  their customers, even if it comes at the expense of employees and other stakeholders in the business. 
B)  their employees, even if it means shortchanging customers by charging higher prices. 
C)  all of their stakeholders. 
D)  exclusively their owners, since they are ultimately the ones who pay the bills.

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

Which of the following is an advantage of utilizing technology?

The number of U.S. jobs in manufacturing has increased in the past five years.

Globalization:

The threat of terrorism increases the costs of operating most businesses.

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

World-class businesses attempt to meet the needs of:

Understanding Economics and How It Affects Business

Doing Business in Global Markets

Demanding Ethical and Socially Responsible Behavior

How to Form a Business

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Union and Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money, Financial Institutions, and the Federal Reserve

Managing the Marketing Mix: Product, Price, Place and Promotion

Extension: Working Within the Legal Environment

Extension: Using Technology to Manage Information

Extension: Managing Risk

Extension: Managing Personal Finances

Filters

Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment

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

Which of the following is an advantage of utilizing technology?

The number of U.S. jobs in manufacturing has increased in the past five years.

Globalization:

The threat of terrorism increases the costs of operating most businesses.

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

World-class businesses attempt to meet the needs of:

Understanding Economics and How It Affects Business

Doing Business in Global Markets

Demanding Ethical and Socially Responsible Behavior

How to Form a Business

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Union and Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money, Financial Institutions, and the Federal Reserve

Managing the Marketing Mix: Product, Price, Place and Promotion

Extension: Working Within the Legal Environment

Extension: Using Technology to Manage Information

Extension: Managing Risk

Extension: Managing Personal Finances

Filters