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

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According to the Connecting with Small Business box,all of the best business ideas come from highly-refined and complicated ideas.

(True/False)

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Question 321

People between the ages of 65 and 74 represent:

(Multiple Choice)

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Question 322

Mini-Case Sergio Gonzales is employed by Bigbux National Bank,one of the largest banks in the Midwest.He is a loan officer,specializing in home equity loans.Tio Raul,Sergio's favorite (and wealthiest)uncle,passed away last month and left Sergio a sizable amount of money.Sergio is looking at the best way to invest his newly acquired wealth.He is considering many options,ranging from simply putting the money into a savings account to the possibility of starting his own business.Although his bank job pays well and offers pleasant working conditions,Sergio is frustrated because he has little freedom or flexibility to deal with customers since every decision he makes must be approved by his supervisor.Besides,he's a bit bored and looking for a challenge.He thinks he might get a lot of satisfaction from owning his own business.Sergio has not made a definite decision yet,but has talked to a lot of people searching for a good idea for a new business.If he can come up with an idea he likes,he might just quit his current job and use his inheritance to go into business for himself! -As he explores his options,Sergio notices that some opportunities appear to be riskier than others.When considering various opportunities,Sergio should keep in mind that:

(Multiple Choice)

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Question 323

Efficiency in distribution systems around the world has led to:

(Multiple Choice)

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Question 324

Entrepreneurship is one of the five factors of production that contribute to the creation of wealth.

(True/False)

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Question 325

Technology can help businesses become more efficient and productive.

(True/False)

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Question 326

Tyrell recently noticed that he was receiving several catalogs and direct mail advertisements than he had in the past even though he had not requested any of them.Which of the following best explains why this is happening?

(Multiple Choice)

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Question 327

Retired people will be draining the U.S.economy of wealth.This is due to:

(Multiple Choice)

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Question 328

Showing 321 - 328 of 328

According to the Connecting with Small Business box,all of the best business ideas come from highly-refined and complicated ideas.

People between the ages of 65 and 74 represent:

Efficiency in distribution systems around the world has led to:

Entrepreneurship is one of the five factors of production that contribute to the creation of wealth.

Technology can help businesses become more efficient and productive.

Tyrell recently noticed that he was receiving several catalogs and direct mail advertisements than he had in the past even though he had not requested any of them.Which of the following best explains why this is happening?

Retired people will be draining the U.S.economy of wealth.This is due to:

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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