Question 1

Henry Ford's focus on producing a consistent and quality product represented a shift from the production era to the relationship era.

Accepted Answer

A) True 
 B)False

Question 2

In which area of society do not-for-profit organizations play a critical role?

Accepted Answer

A)  the media 
B)  the community 
C)  the stock market 
D)  the government 
A)  the media 
B)  the community 
C)  the stock market 
D)  the government

Question 3

Not-for-profit organizations focus mainly on health, human services, and religion.

Accepted Answer

A) True 
 B)False

Question 4

Canada's 15 largest cities are home to 90% of Canadians who were born abroad. What does this tell us?

Accepted Answer

A)  Ethnic groups tend to scatter across the country. 
B)  Ethnic groups tend to cluster together. 
C)  Ethnic groups comprise 90% of the people living in our largest cities. 
D)  Ethnic groups do not like to live in rural areas. 
A)  Ethnic groups tend to scatter across the country. 
B)  Ethnic groups tend to cluster together. 
C)  Ethnic groups comprise 90% of the people living in our largest cities. 
D)  Ethnic groups do not like to live in rural areas.

Question 5

Following your passion in making a career choice is foolishness not supported by the broader business environment.

Accepted Answer

A) True 
 B)False

Question 6

There are four factors of production required for an economic system to thrive and create wealth. Entrepreneurship is one of them. Explain and provide examples of how an entrepreneur would employ the other factors of production in an effort to grow and maintain a business.

Accepted Answer

Entrepreneurs are people who are willing

Question 7

What is the term for an organization that provides goods and services in an effort to earn a profit?

Accepted Answer

A)  not-for-profit 
B)  government 
C)  charity 
D)  business 
A)  not-for-profit 
B)  government 
C)  charity 
D)  business

Question 8

Replacing baby boomers in the workforce will be easy, as there are many workers to choose from.

Accepted Answer

A) True 
 B)False

Question 9

The cheapest product represents the best value.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is considered to be one of the Six Sins of Greenwashing?

Accepted Answer

A)  Honesty insurance 
B)  Loss of revenue 
C)  Lesser of two evils 
D)  Firing employees 
A)  Honesty insurance 
B)  Loss of revenue 
C)  Lesser of two evils 
D)  Firing employees

Question 11

Which of the following is the best example of capital as a factor of production?

Accepted Answer

A)  a tractor 
B)  sunlight 
C)  corporate bonds 
D)  cash 
A)  a tractor 
B)  sunlight 
C)  corporate bonds 
D)  cash

Question 12

A not-for-profit organization's primary goal is to improve the quality of life in society.

Accepted Answer

A) True 
 B)False

Question 13

Not-for-profit organizations do not play a significant role in economic development.

Accepted Answer

A) True 
 B)False

Question 14

One personality trait shared by most entrepreneurs is the desire to avoid risk.

Accepted Answer

A) True 
 B)False

Question 15

One of the ways provincial governments attempt to compete for business development is by providing investment and tax incentives for new businesses.

Accepted Answer

A) True 
 B)False

Question 16

What did consumers find during the marketing era?

Accepted Answer

A)  more advertisements for goods and services 
B)  more choices for goods and services 
C)  fewer choices for goods and services 
D)  more products for kids 
A)  more advertisements for goods and services 
B)  more choices for goods and services 
C)  fewer choices for goods and services 
D)  more products for kids

Question 17

Explain how the impact of one successful entrepreneur can extend to the far reaches of the economy.Provide three specific examples.

Accepted Answer

As entrepreneurs create wealth for thems

Question 18

As products flooded the market after World War II, how did firms respond?

Accepted Answer

A)  by focusing on a low-cost strategy 
B)  by cultivating their customers 
C)  by branding their products to create distinctive identities 
D)  by adopting a bleeding-edge approach to the introduction of products in an attempt to be first to market 
A)  by focusing on a low-cost strategy 
B)  by cultivating their customers 
C)  by branding their products to create distinctive identities 
D)  by adopting a bleeding-edge approach to the introduction of products in an attempt to be first to market

Question 19

Which of the following business environments do entrepreneurs participate in?

Accepted Answer

A)  capital, economic, and competitive environments 
B)  competitive, economic, and social environments 
C)  economic, competitive, technological, social, and global environments 
D)  human resources, competitive, and social environments 
A)  capital, economic, and competitive environments 
B)  competitive, economic, and social environments 
C)  economic, competitive, technological, social, and global environments 
D)  human resources, competitive, and social environments

Question 20

"Natural resources" includes which of the following?

Accepted Answer

A)  activities such as printing money, building offices, and creating wealth 
B)  all people working in the business to create value 
C)  only the mineral deposits used by a business to make products 
D)  all inputs offering value in their natural state, such as land, fresh water, wind, and mineral deposits 
A)  activities such as printing money, building offices, and creating wealth 
B)  all people working in the business to create value 
C)  only the mineral deposits used by a business to make products 
D)  all inputs offering value in their natural state, such as land, fresh water, wind, and mineral deposits

Henry Ford's focus on producing a consistent and quality product represented a shift from the production era to the relationship era.

In which area of society do not-for-profit organizations play a critical role?

Not-for-profit organizations focus mainly on health, human services, and religion.

Canada's 15 largest cities are home to 90% of Canadians who were born abroad. What does this tell us?

Following your passion in making a career choice is foolishness not supported by the broader business environment.

There are four factors of production required for an economic system to thrive and create wealth. Entrepreneurship is one of them. Explain and provide examples of how an entrepreneur would employ the other factors of production in an effort to grow and maintain a business.

What is the term for an organization that provides goods and services in an effort to earn a profit?

Replacing baby boomers in the workforce will be easy, as there are many workers to choose from.

The cheapest product represents the best value.

Which of the following is considered to be one of the Six Sins of Greenwashing?

Which of the following is the best example of capital as a factor of production?

A not-for-profit organization's primary goal is to improve the quality of life in society.

Not-for-profit organizations do not play a significant role in economic development.

One personality trait shared by most entrepreneurs is the desire to avoid risk.

One of the ways provincial governments attempt to compete for business development is by providing investment and tax incentives for new businesses.

What did consumers find during the marketing era?

Explain how the impact of one successful entrepreneur can extend to the far reaches of the economy.Provide three specific examples.

As products flooded the market after World War II, how did firms respond?

Which of the following business environments do entrepreneurs participate in?

"Natural resources" includes which of the following?

Business Ethics and Social Responsibility: Doing Well by Doing Good

Economics: The Framework for Business

The World Market-Place: Business Without Borders

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

Financial Markets: Allocating Financial Resources

Marketing: Building Profitable Customer Connections

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

Business Communication: Creating and Delivering Messages That Matter

Labour Unions and Collective Bargaining

Business Law

Personal Finance

Filters

Exam 1: Business Now: Change Is the Only Constant

Henry Ford's focus on producing a consistent and quality product represented a shift from the production era to the relationship era.

In which area of society do not-for-profit organizations play a critical role?

Not-for-profit organizations focus mainly on health, human services, and religion.

Canada's 15 largest cities are home to 90% of Canadians who were born abroad. What does this tell us?

Following your passion in making a career choice is foolishness not supported by the broader business environment.

There are four factors of production required for an economic system to thrive and create wealth. Entrepreneurship is one of them. Explain and provide examples of how an entrepreneur would employ the other factors of production in an effort to grow and maintain a business.

What is the term for an organization that provides goods and services in an effort to earn a profit?

Replacing baby boomers in the workforce will be easy, as there are many workers to choose from.

The cheapest product represents the best value.

Which of the following is considered to be one of the Six Sins of Greenwashing?

Which of the following is the best example of capital as a factor of production?

A not-for-profit organization's primary goal is to improve the quality of life in society.

Not-for-profit organizations do not play a significant role in economic development.

One personality trait shared by most entrepreneurs is the desire to avoid risk.

One of the ways provincial governments attempt to compete for business development is by providing investment and tax incentives for new businesses.

What did consumers find during the marketing era?

Explain how the impact of one successful entrepreneur can extend to the far reaches of the economy.Provide three specific examples.

As products flooded the market after World War II, how did firms respond?

Which of the following business environments do entrepreneurs participate in?

"Natural resources" includes which of the following?

Business Ethics and Social Responsibility: Doing Well by Doing Good

Economics: The Framework for Business

The World Market-Place: Business Without Borders

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

Financial Markets: Allocating Financial Resources

Marketing: Building Profitable Customer Connections

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

Business Communication: Creating and Delivering Messages That Matter

Labour Unions and Collective Bargaining

Business Law

Personal Finance

Filters