Question 1

Business ethics deal with the right versus wrong actions that arise in a work environment.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements is NOT correct?

Accepted Answer

A)  The Canadian population is getting older. 
B)  The size of the labour pool is decreasing. 
C)  The Canadian population is becoming more diverse. 
D)  Workers change jobs less frequently today. 
A)  The Canadian population is getting older. 
B)  The size of the labour pool is decreasing. 
C)  The Canadian population is becoming more diverse. 
D)  Workers change jobs less frequently today.

Question 3

Entrepreneurs are very conservative and usually invest only in sure winners.

Accepted Answer

A) True 
 B)False

Question 4

Adam Smith's "invisible hand" refers to the battle among businesses for consumer acceptance.

Accepted Answer

A) True 
 B)False

Question 5

Mental exercises like brainstorming often foster creativity.

Accepted Answer

A) True 
 B)False

Question 6

The human resources of a firm refer to ________.

Accepted Answer

A)  top management 
B)  everyone over 18 years of age 
C)  full-time employees 
D)  everyone who works for the business 
A)  top management 
B)  everyone over 18 years of age 
C)  full-time employees 
D)  everyone who works for the business

Question 7

The private enterprise system encourages government intervention.

Accepted Answer

A) True 
 B)False

Question 8

Relationship management refers to ongoing,mutually beneficial ties between a company and its vendors.

Accepted Answer

A) True 
 B)False

Question 9

The number of people age 65 and over will ________ by 2030.

Accepted Answer

A)  decrease by approximately 10 percent 
B)  increase by approximately 10 percent 
C)  increase by approximately 50 percent 
D)  double 
A)  decrease by approximately 10 percent 
B)  increase by approximately 10 percent 
C)  increase by approximately 50 percent 
D)  double

Question 10

Persons of Hispanic and Asian descent represent the fastest growing segments of the Canadian population.

Accepted Answer

A) True 
 B)False

Question 11

Technology has resulted in all of the following EXCEPT ________.

Accepted Answer

A)  product obsolescence 
B)  the creation of new industries 
C)  the opening of new business opportunities 
D)  less business efficiency 
A)  product obsolescence 
B)  the creation of new industries 
C)  the opening of new business opportunities 
D)  less business efficiency

Question 12

_____ refers to the standards of conduct and moral values involving decisions made in the work environment.

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 13

The new employer-employee partnership has led to all of the following EXCEPT ________.

Accepted Answer

A)  increased job security 
B)  sharing of financial information with employees 
C)  increased emphasis on listening to and respecting employees 
D)  helping employees improve skills and knowledge 
A)  increased job security 
B)  sharing of financial information with employees 
C)  increased emphasis on listening to and respecting employees 
D)  helping employees improve skills and knowledge

Question 14

Define the term vision.Why is vision an important skill today?

Accepted Answer

Vision is the ability to perce

Question 15

Explain the new employer-employee relationship in business.

Accepted Answer

Many firms now recognize the value of a

Question 16

Henry Ford is noted in business history for introducing the moving assembly line,which greatly reduced the cost of producing a car.Assembly lines first became common during the ________.

Accepted Answer

A)  relationship era 
B)  marketing era 
C)  Industrial Revolution 
D)  production era 
A)  relationship era 
B)  marketing era 
C)  Industrial Revolution 
D)  production era

Question 17

Describe the difference between outsourcing,offshoring,and nearshoring.

Accepted Answer

Outsourcing utilizes outside vendors to

Question 18

Namesh recently sold his Ford Taurus to a personal friend.Namesh's sale of his automobile illustrates the right to ________.

Accepted Answer

A)  freedom of choice 
B)  private property 
C)  profit 
D)  set ground rules for competitive activity 
A)  freedom of choice 
B)  private property 
C)  profit 
D)  set ground rules for competitive activity

Question 19

When Google opened offices in Tokyo,London,and Sydney,they were utilizing ________ by relocating business activities to lower-cost locations overseas.

Accepted Answer

A)  nearshoring 
B)  outsourcing 
C)  offshoring 
D)  employee sourcing 
A)  nearshoring 
B)  outsourcing 
C)  offshoring 
D)  employee sourcing

Question 20

Large corporations are defined as businesses,whereas small companies are more of an investment.

Accepted Answer

A) True 
 B)False

Business ethics deal with the right versus wrong actions that arise in a work environment.

Which of the following statements is NOT correct?

Entrepreneurs are very conservative and usually invest only in sure winners.

Adam Smith's "invisible hand" refers to the battle among businesses for consumer acceptance.

Mental exercises like brainstorming often foster creativity.

The human resources of a firm refer to ________.

The private enterprise system encourages government intervention.

Relationship management refers to ongoing,mutually beneficial ties between a company and its vendors.

The number of people age 65 and over will ________ by 2030.

Persons of Hispanic and Asian descent represent the fastest growing segments of the Canadian population.

Technology has resulted in all of the following EXCEPT ________.

_____ refers to the standards of conduct and moral values involving decisions made in the work environment.

The new employer-employee partnership has led to all of the following EXCEPT ________.

Define the term vision.Why is vision an important skill today?

Explain the new employer-employee relationship in business.

Henry Ford is noted in business history for introducing the moving assembly line,which greatly reduced the cost of producing a car.Assembly lines first became common during the ________.

Describe the difference between outsourcing,offshoring,and nearshoring.

Namesh recently sold his Ford Taurus to a personal friend.Namesh's sale of his automobile illustrates the right to ________.

When Google opened offices in Tokyo,London,and Sydney,they were utilizing ________ by relocating business activities to lower-cost locations overseas.

Large corporations are defined as businesses,whereas small companies are more of an investment.

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

Business ethics deal with the right versus wrong actions that arise in a work environment.

Which of the following statements is NOT correct?

Entrepreneurs are very conservative and usually invest only in sure winners.

Adam Smith's "invisible hand" refers to the battle among businesses for consumer acceptance.

Mental exercises like brainstorming often foster creativity.

The human resources of a firm refer to ________.

The private enterprise system encourages government intervention.

Relationship management refers to ongoing,mutually beneficial ties between a company and its vendors.

The number of people age 65 and over will ________ by 2030.

Persons of Hispanic and Asian descent represent the fastest growing segments of the Canadian population.

Technology has resulted in all of the following EXCEPT ________.

_____ refers to the standards of conduct and moral values involving decisions made in the work environment.

The new employer-employee partnership has led to all of the following EXCEPT ________.

Define the term vision.Why is vision an important skill today?

Explain the new employer-employee relationship in business.

Henry Ford is noted in business history for introducing the moving assembly line,which greatly reduced the cost of producing a car.Assembly lines first became common during the ________.

Describe the difference between outsourcing,offshoring,and nearshoring.

Namesh recently sold his Ford Taurus to a personal friend.Namesh's sale of his automobile illustrates the right to ________.

When Google opened offices in Tokyo,London,and Sydney,they were utilizing ________ by relocating business activities to lower-cost locations overseas.

Large corporations are defined as businesses,whereas small companies are more of an investment.

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