A) giving employees the authority to make decisions. B) making certain that employees always defer to management when making decisions. C) hiring employees that do not require training due to the costly nature of this activity. D) asking employees to write the policies which govern their jobs. A) giving employees the authority to make decisions. B) making certain that employees always defer to management when making decisions. C) hiring employees that do not require training due to the costly nature of this activity. D) asking employees to write the policies which govern their jobs.

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

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Empowerment means giving frontline workers the responsibility,authority,and freedom to respond quickly to customer requests.

(True/False)

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Question 261

Starting a business is a riskier path toward business success than working your way up the ranks of a large business.

(True/False)

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Question 262

Bar codes are a form of technology that has enhanced a company's ability to be responsive to consumer needs.

(True/False)

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Question 263

One reason given for the decline in the number of U.S.workers employed in manufacturing is that manufacturing firms in the U.S.have become more efficient.

(True/False)

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Question 264

The databases of a business often include a great deal of information about the firm's customers.

(True/False)

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Question 265

Over many years the nature of U.S.business has changed very little from century to century.

(True/False)

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Question 266

China and India have become major U.S.competitors.

(True/False)

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Question 267

Empowerment means:

(Multiple Choice)

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Question 268

Stakeholders include customers,employees,stockholders,suppliers,dealers,bankers,government officials and environmentalists.

(True/False)

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Question 269

It was reported by a Beijing newspaper that China succeeded in improving its people's standard of living and establishing a relatively affluent society in the past seven years.This report clearly indicates that both income levels and the price of goods and services rose significantly during that time period.

(True/False)

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Question 270

Entrepreneurs weigh the differences between the benefits of starting a business and those things that they are likely to forego because they choose to work for themselves.Such things they are likely to pass-up on are:

(Multiple Choice)

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Question 271

When we compare the factors of production in wealthy and poor nations,we find:

(Multiple Choice)

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Question 272

The green movement is:

(Multiple Choice)

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Question 273

Employers provide tools and technology for their employees in order to:

(Multiple Choice)

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Question 274

___________ refers to the amount of output generated with a given amount of input,e.g. ,the number of pizzas produced per worker per hour.

(Multiple Choice)

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Question 275

The service industry represents ________ of the value of the U.S.economy.

(Multiple Choice)

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Question 276

Identity theft is when individuals or firms access people's personal information and then use it for illegal purposes and activities.

(True/False)

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Question 277

An activity which seeks to earn a profit by providing a good or service is known as a(n):

(Multiple Choice)

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Question 278

Technology allows firms to be more responsive to their customers' wants and needs.

(True/False)

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Question 279

The standard of living for a nation's people depends mainly on:

(Multiple Choice)

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Question 280

Showing 261 - 280 of 328

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

Empowerment means giving frontline workers the responsibility,authority,and freedom to respond quickly to customer requests.

Starting a business is a riskier path toward business success than working your way up the ranks of a large business.

Bar codes are a form of technology that has enhanced a company's ability to be responsive to consumer needs.

One reason given for the decline in the number of U.S.workers employed in manufacturing is that manufacturing firms in the U.S.have become more efficient.

The databases of a business often include a great deal of information about the firm's customers.

Over many years the nature of U.S.business has changed very little from century to century.

China and India have become major U.S.competitors.

Empowerment means:

Stakeholders include customers,employees,stockholders,suppliers,dealers,bankers,government officials and environmentalists.

Entrepreneurs weigh the differences between the benefits of starting a business and those things that they are likely to forego because they choose to work for themselves.Such things they are likely to pass-up on are:

When we compare the factors of production in wealthy and poor nations,we find:

The green movement is:

Employers provide tools and technology for their employees in order to:

___________ refers to the amount of output generated with a given amount of input,e.g. ,the number of pizzas produced per worker per hour.

The service industry represents ________ of the value of the U.S.economy.

Identity theft is when individuals or firms access people's personal information and then use it for illegal purposes and activities.

An activity which seeks to earn a profit by providing a good or service is known as a(n):

Technology allows firms to be more responsive to their customers' wants and needs.

The standard of living for a nation's people depends mainly on:

Understanding How Economics 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

Adapting Organizations to Todays Markets

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employee-Management Issues and Relationships

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

Appendix A: Using Technology to Manage Information

Appendix B: Managing Risk

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