Question 1

Satellite systems that are built to enhance wireless communications represent an effective use of business technology.

Accepted Answer

A) True 
 B)False

Question 2

The only advantage of technology in business is that it increases the business's effectiveness.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is a negative aspect of the entrepreneurship era?

Accepted Answer

A) Inflation spiralled out of control, resulting in a decline in standards of living. 
B) Powerful businesses gained the ability to manipulate prices and exploit workers. 
C) Governments began running huge deficits. 
D) Productivity declined in many key industries as work shifted away from mass production to more labour-intensive methods. 
A) Inflation spiralled out of control, resulting in a decline in standards of living. 
B) Powerful businesses gained the ability to manipulate prices and exploit workers. 
C) Governments began running huge deficits. 
D) Productivity declined in many key industries as work shifted away from mass production to more labour-intensive methods.

Question 4

How can firms best enhance customer satisfaction?

Accepted Answer

A) by eliminating the profit motive 
B) by using effective advertising and promotion 
C) by offering lower-priced products 
D) by offering greater value 
A) by eliminating the profit motive 
B) by using effective advertising and promotion 
C) by offering lower-priced products 
D) by offering greater value

Question 5

Samuel lives in a community where many residents are retirees.He wants to open an exercise facility specifically for active senior citizens aged 65 and older.Samuel knows that starting a new business will require a lot of work and entails risk,but given the large number of senior citizens in the area,he believes he should be able to sell enough memberships to realize a profit.What is Samuel an example of?

Accepted Answer

A) demographer 
B) capital provider 
C) entrepreneur 
D) corporate manager 
A) demographer 
B) capital provider 
C) entrepreneur 
D) corporate manager

Question 6

A growing number of firms have developed not-for-profit partnerships with a profit-minded approach (e.g.,Kraft,Polo Ralph Lauren,Los Angeles Times).What are these companies doing by using the same investment dollars to improve society and support their strategic missions?

Accepted Answer

A) raising their public profile in a more positive way 
B) trying to attract environmentally conscious consumers 
C) catering to the idealistic youth market 
D) making more money using a different strategy 
A) raising their public profile in a more positive way 
B) trying to attract environmentally conscious consumers 
C) catering to the idealistic youth market 
D) making more money using a different strategy

Question 7

Explain how the General Agreement on Tariffs and Trade (GATT)and the World Trade Organization encourage global trade.

Accepted Answer

The migration of jobs relates closely to

Question 8

Technology and global free trade have made it difficult to distinguish between individual economies worldwide.

Accepted Answer

A) True 
 B)False

Question 9

Super King Groceries is in competition with some of the larger chain stores in the area and offers services not provided by its competitors (e.g.,car service,curb service,delivery service).Because Super King is not as large as some retailers,prices are moderately higher.Why does this not seem to hurt the store's business?

Accepted Answer

A) Super King's products are marketed better. 
B) Super King customers receive value not provided by the other stores. 
C) Super King has richer customers. 
D) Customers just don't like the competitors' products or the poor service from their employees. 
A) Super King's products are marketed better. 
B) Super King customers receive value not provided by the other stores. 
C) Super King has richer customers. 
D) Customers just don't like the competitors' products or the poor service from their employees.

Question 10

What would timber,water,coal deposits,and solar energy be classified as?

Accepted Answer

A) non-economic factors 
B) natural resources 
C) pure capital 
D) base inputs 
A) non-economic factors 
B) natural resources 
C) pure capital 
D) base inputs

Question 11

Lisa is a marketing consultant who is trying to help a regional company design an advertising campaign that will appeal to the local population.Her report should take into account things such as the age,income,and ethnic composition of the area's population.What term best describes this?

Accepted Answer

A) sociological warfare 
B) demographics 
C) natural resource management 
D) psychographics 
A) sociological warfare 
B) demographics 
C) natural resource management 
D) psychographics

Question 12

A group of concerned community leaders formed Homeless Help,a not-for-profit organization providing shelter for homeless individuals.Aside from the fact that it doesn't seek a profit,Homeless Help is likely to operate much like a regular business in many respects.

Accepted Answer

A) True 
 B)False

Satellite systems that are built to enhance wireless communications represent an effective use of business technology.

The only advantage of technology in business is that it increases the business's effectiveness.

Which of the following is a negative aspect of the entrepreneurship era?

How can firms best enhance customer satisfaction?

A growing number of firms have developed not-for-profit partnerships with a profit-minded approach (e.g.,Kraft,Polo Ralph Lauren,Los Angeles Times).What are these companies doing by using the same investment dollars to improve society and support their strategic missions?

Explain how the General Agreement on Tariffs and Trade (GATT)and the World Trade Organization encourage global trade.

Technology and global free trade have made it difficult to distinguish between individual economies worldwide.

What would timber,water,coal deposits,and solar energy be classified as?

Lisa is a marketing consultant who is trying to help a regional company design an advertising campaign that will appeal to the local population.Her report should take into account things such as the age,income,and ethnic composition of the area's population.What term best describes this?

A group of concerned community leaders formed Homeless Help,a not-for-profit organization providing shelter for homeless individuals.Aside from the fact that it doesn't seek a profit,Homeless Help is likely to operate much like a regular business in many respects.

Business Communication: Creating and Delivering Messages That Matter

Business Ethics and Social Responsibility: Doing Well by Doing Good

Economics: the Framework for Business

Business Formation: Choosing the Form That Fits

Small Business and Entrepreneurship: Economic Rocket Fuel

Accounting: Decision Making by the Numbers

Finance: Acquiring and Using Funds to Maximize Value

Securities Markets : Trading Financial Resources

Marketing: Building Profitable Customer Connections

Part 1: Product and Promotion: Creating and Communicating Value

Part 2: Product and Promotion: Creating and Communicating Value

Distribution and Pricing: Right Product, right Person, right Place, right Price

Management, motivation, and Leadership: Bringing Business to Life

Human Resource Management: Building a Top-Quality Workforce

Managing Information and Technology: Finding New Ways to Learn and Link

Operations Management: Putting It All Together

The World Marketplace: Business Without Borders

Labour-Management Relations

Business Law

Personal Finance

Filters

Exam 1: Business Now: Change Is the Only Constant

Satellite systems that are built to enhance wireless communications represent an effective use of business technology.

The only advantage of technology in business is that it increases the business's effectiveness.

Which of the following is a negative aspect of the entrepreneurship era?

How can firms best enhance customer satisfaction?

A growing number of firms have developed not-for-profit partnerships with a profit-minded approach (e.g.,Kraft,Polo Ralph Lauren,Los Angeles Times).What are these companies doing by using the same investment dollars to improve society and support their strategic missions?

Explain how the General Agreement on Tariffs and Trade (GATT)and the World Trade Organization encourage global trade.

Technology and global free trade have made it difficult to distinguish between individual economies worldwide.

What would timber,water,coal deposits,and solar energy be classified as?

Lisa is a marketing consultant who is trying to help a regional company design an advertising campaign that will appeal to the local population.Her report should take into account things such as the age,income,and ethnic composition of the area's population.What term best describes this?

A group of concerned community leaders formed Homeless Help,a not-for-profit organization providing shelter for homeless individuals.Aside from the fact that it doesn't seek a profit,Homeless Help is likely to operate much like a regular business in many respects.

Business Communication: Creating and Delivering Messages That Matter

Business Ethics and Social Responsibility: Doing Well by Doing Good

Economics: the Framework for Business

Business Formation: Choosing the Form That Fits

Small Business and Entrepreneurship: Economic Rocket Fuel

Accounting: Decision Making by the Numbers

Finance: Acquiring and Using Funds to Maximize Value

Securities Markets : Trading Financial Resources

Marketing: Building Profitable Customer Connections

Part 1: Product and Promotion: Creating and Communicating Value

Part 2: Product and Promotion: Creating and Communicating Value

Distribution and Pricing: Right Product, right Person, right Place, right Price

Management, motivation, and Leadership: Bringing Business to Life

Human Resource Management: Building a Top-Quality Workforce

Managing Information and Technology: Finding New Ways to Learn and Link

Operations Management: Putting It All Together

The World Marketplace: Business Without Borders

Labour-Management Relations

Business Law

Personal Finance

Filters