Question 1

Technology,tools,information,and physical facilities for the operation of a business are examples of ________.

Accepted Answer

A)  profits 
B)  wages 
C)  capital 
D)  interest 
A)  profits 
B)  wages 
C)  capital 
D)  interest

Question 2

All of the following are rights granted to citizens and to the government in a private enterprise system EXCEPT the right to ________.

Accepted Answer

A)  fair competition 
B)  permit price discrimination 
C)  select from among a variety of goods and services 
D)  own property 
A)  fair competition 
B)  permit price discrimination 
C)  select from among a variety of goods and services 
D)  own property

Question 3

Canada functions under the private enterprise system.

Accepted Answer

A) True 
 B)False

Question 4

What is the basic difference between the production era and the relationship era?

Accepted Answer

During the production era,management con

Question 5

A person who seeks a profitable opportunity and then devises a plan to achieve that profit is called a(n)_____.

Accepted Answer

A) outsourcing 
B) diversity 
C) entrepreneur 
D) competitive differentiation 
E) strategic alliance
F)capital
G)vision
H)factors of production
I)brand
J)relationship management
K)not-for-profit organizations
L)business ethics 
A) outsourcing 
B) diversity 
C) entrepreneur 
D) competitive differentiation 
E) strategic alliance
F)capital
G)vision
H)factors of production
I)brand
J)relationship management
K)not-for-profit organizations
L)business ethics

Question 6

In the private enterprise system,government has no role to play in ensuring fair competition.

Accepted Answer

A) True 
 B)False

Question 7

Apple iPods sold on Amazon's website signify the formation of a ________ to increase profits.

Accepted Answer

A)  transaction alliance 
B)  brand partnership 
C)  strategic alliance 
D)  marketing agreement 
A)  transaction alliance 
B)  brand partnership 
C)  strategic alliance 
D)  marketing agreement

Question 8

Inventors such as Robert McCormick and Eli Whitney were part of the ___________.

Accepted Answer

A)  marketing era 
B)  colonial era 
C)  age of industrial entrepreneurs 
D)  relationship era 
A)  marketing era 
B)  colonial era 
C)  age of industrial entrepreneurs 
D)  relationship era

Question 9

In order to remain viable,not-for-profit organizations need to focus on profits even more than the public service they provide.

Accepted Answer

A) True 
 B)False

Question 10

Research indicates that work teams consisting of a diverse group of individuals often are more productive than less diverse work teams.

Accepted Answer

A) True 
 B)False

Question 11

Describe how the aging population in the United States and abroad directly affects changes in the workforce.

Accepted Answer

Employers must deal with issues such as

Question 12

Profits are guaranteed by the private enterprise system for every entrepreneur with good management skills.

Accepted Answer

A) True 
 B)False

Question 13

Explain the difference between transaction management and relationship management.

Accepted Answer

Building and promoting products with the

Question 14

Tarek,a former middle manager from Alexander Manufacturing,owns and operates a Subway franchise.Tarek is demonstrating ________.

Accepted Answer

A)  social responsibility 
B)  socialism 
C)  entrepreneurship 
D)  pure competition 
A)  social responsibility 
B)  socialism 
C)  entrepreneurship 
D)  pure competition

Question 15

Define profit.Explain why you agree or disagree with the following statement: "The success of a business is measured only by the profit it earns."

Accepted Answer

Profit is the financial reward received

Question 16

A manager's only obligation is to create an environment for creativity and critical thinking.The implementation of those ideas is carried out by other departments.

Accepted Answer

A) True 
 B)False

Question 17

All of the following are typically part of the not-for-profit sector EXCEPT ________.

Accepted Answer

A)  hotels 
B)  political parties 
C)  religious organizations 
D)  labour unions 
A)  hotels 
B)  political parties 
C)  religious organizations 
D)  labour unions

Question 18

During the Colonial period,the focus was on agriculture and other rural activities.

Accepted Answer

A) True 
 B)False

Question 19

When the government sets ground rules for competitive activity,the intent is to increase freedom of choice for consumers.

Accepted Answer

A) True 
 B)False

Question 20

To operate effectively,certain inputs called _____ systems are required for all economic systems.

Accepted Answer

A) outsourcing 
B) diversity 
C) entrepreneur 
D) competitive differentiation 
E) strategic alliance
F)capital
G)vision
H)factors of production
I)brand
J)relationship management
K)not-for-profit organizations
L)business ethics 
A) outsourcing 
B) diversity 
C) entrepreneur 
D) competitive differentiation 
E) strategic alliance
F)capital
G)vision
H)factors of production
I)brand
J)relationship management
K)not-for-profit organizations
L)business ethics

Technology,tools,information,and physical facilities for the operation of a business are examples of ________.

All of the following are rights granted to citizens and to the government in a private enterprise system EXCEPT the right to ________.

Canada functions under the private enterprise system.

What is the basic difference between the production era and the relationship era?

A person who seeks a profitable opportunity and then devises a plan to achieve that profit is called a(n)_____.

In the private enterprise system,government has no role to play in ensuring fair competition.

Apple iPods sold on Amazon's website signify the formation of a ________ to increase profits.

Inventors such as Robert McCormick and Eli Whitney were part of the ___________.

In order to remain viable,not-for-profit organizations need to focus on profits even more than the public service they provide.

Research indicates that work teams consisting of a diverse group of individuals often are more productive than less diverse work teams.

Describe how the aging population in the United States and abroad directly affects changes in the workforce.

Profits are guaranteed by the private enterprise system for every entrepreneur with good management skills.

Explain the difference between transaction management and relationship management.

Tarek,a former middle manager from Alexander Manufacturing,owns and operates a Subway franchise.Tarek is demonstrating ________.

Define profit.Explain why you agree or disagree with the following statement: "The success of a business is measured only by the profit it earns."

A manager's only obligation is to create an environment for creativity and critical thinking.The implementation of those ideas is carried out by other departments.

All of the following are typically part of the not-for-profit sector EXCEPT ________.

During the Colonial period,the focus was on agriculture and other rural activities.

When the government sets ground rules for competitive activity,the intent is to increase freedom of choice for consumers.

To operate effectively,certain inputs called _____ systems are required for all economic systems.

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Forms of Business Ownership and Organization

Starting Your Own Business: The Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters

Exam 1: The Changing Face of Business

Technology,tools,information,and physical facilities for the operation of a business are examples of ________.

All of the following are rights granted to citizens and to the government in a private enterprise system EXCEPT the right to ________.

Canada functions under the private enterprise system.

What is the basic difference between the production era and the relationship era?

A person who seeks a profitable opportunity and then devises a plan to achieve that profit is called a(n)_____.

In the private enterprise system,government has no role to play in ensuring fair competition.

Apple iPods sold on Amazon's website signify the formation of a ________ to increase profits.

Inventors such as Robert McCormick and Eli Whitney were part of the ___________.

In order to remain viable,not-for-profit organizations need to focus on profits even more than the public service they provide.

Research indicates that work teams consisting of a diverse group of individuals often are more productive than less diverse work teams.

Describe how the aging population in the United States and abroad directly affects changes in the workforce.

Profits are guaranteed by the private enterprise system for every entrepreneur with good management skills.

Explain the difference between transaction management and relationship management.

Tarek,a former middle manager from Alexander Manufacturing,owns and operates a Subway franchise.Tarek is demonstrating ________.

Define profit.Explain why you agree or disagree with the following statement: "The success of a business is measured only by the profit it earns."

A manager's only obligation is to create an environment for creativity and critical thinking.The implementation of those ideas is carried out by other departments.

All of the following are typically part of the not-for-profit sector EXCEPT ________.

During the Colonial period,the focus was on agriculture and other rural activities.

When the government sets ground rules for competitive activity,the intent is to increase freedom of choice for consumers.

To operate effectively,certain inputs called _____ systems are required for all economic systems.

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Forms of Business Ownership and Organization

Starting Your Own Business: The Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters