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

Max is in charge of production for a family-owned firm that makes and sells sports gloves including baseball gloves,softball gloves,golf gloves,and more.He has stated that speed of delivery is the most important factor for success in the competitive environment.Which of the following would be the best response to Max?

In countries where businesses are government owned:

The resources that contribute to the creation of wealth are known as _______.

Social entrepreneurs are people who start and manage organizations that are not-for-profit.Their mission is to help others improve their quality of life.

St.Claire Hospital is considering a program that would allow some of its workers to use flextime.One group of workers who would probably benefit from flextime is:

Jing is a recent U.S.college graduate who is interested in starting an import tea business.If she follows through with her plans,she will be a pioneer,because only a handful of women choose to start businesses in the U.S.

Health care availability,a clean environment,and good schools all contribute to a high quality of life.

The best employment strategy for today's college graduates is to search for jobs that are closely related to their college major.

Profits of a business include the salaries paid to its employees.

The number of businesses owned by Asians,Hispanics,and Native Americans has grown dramatically.

Over the past several years,workers in the small nation of Rainland have enjoyed an increase in the number of holidays and a reduction in the average length of the workday that has reduced the total number of hours they work each year.However,the output per worker in Rainland is higher now than it was before the reduction in hours.These facts suggest that productivity in Rainland has increased.

A charitable organization,such as the American Red Cross or Salvation Army,is classified as a for-profit organization.

The immigrant population (both legal and illegal)is having a dramatic effect on

When corruption is present in the business environment:

Which of the following industries will benefit from an aging population?

Which of the following is an advantage of utilizing technology?

Laura and Tim McNash recently moved to North Carolina on a three-acre home site.They purposefully purchased their home within biking distance to the university where they are both employed,and their bikes each have room for two cloth bags for groceries if they need to purchase food on the way home,although they plan to grow much of their own.Laura and Tim are examples of a growing number of young people who:

Preferred Pet Care,Inc. ,a mobile veterinary care company is planning for the future.As a business student who has studied social trends,which of the following statements reflects the need for Preferred Pet Care's service in the future?

The main difference between B2C and B2B e-commerce is that B2C uses only the Internet,while B2B combines e-commerce with traditional (bricks-and-mortar)outlets.

Globalization: