Question 1

Recent research suggests that investing in worker satisfaction yields tangible bottom-line results.

Accepted Answer

A) True 
 B)False

Question 2

If you've browsed seller reviews on eBay or received shopping recommendations from Amazon, which of the following have you experienced?

Accepted Answer

A)  the ecommerce consumer sales process 
B)  how suppliers communicate with each other 
C)  how personal Web marketing can feel 
D)  the e-commerce business-to-business sales process 
A)  the ecommerce consumer sales process 
B)  how suppliers communicate with each other 
C)  how personal Web marketing can feel 
D)  the e-commerce business-to-business sales process

Question 3

The value of all natural resources tends to rise with high supply.

Accepted Answer

A) True 
 B)False

Question 4

During the marketing era what did businesses begin doing?

Accepted Answer

A)  partnering with community investors 
B)  seeking global competition 
C)  differentiating themselves from their competitors 
D)  producing more products more efficiently 
A)  partnering with community investors 
B)  seeking global competition 
C)  differentiating themselves from their competitors 
D)  producing more products more efficiently

Question 5

The production era is also referred to as the "era of mass production."

Accepted Answer

A) True 
 B)False

Question 6

The four factors of production are natural resources, capital, money, and entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 7

What are the five key dimensions of the broader business environment?

Accepted Answer

A)  customers, vendors, suppliers, wholesalers, and retailers 
B)  technological, economic, demographic, global, and social dimensions 
C)  global, social, and technological dimensions, and market forces and value 
D)  economic, competitive, technological, social, and global dimensions 
A)  customers, vendors, suppliers, wholesalers, and retailers 
B)  technological, economic, demographic, global, and social dimensions 
C)  global, social, and technological dimensions, and market forces and value 
D)  economic, competitive, technological, social, and global dimensions

Question 8

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

Question 9

During the Industrial Revolution, which of the following boomed as mass production took hold?

Accepted Answer

A)  industrialization 
B)  factory production 
C)  the marketing concept 
D)  entrepreneurship 
A)  industrialization 
B)  factory production 
C)  the marketing concept 
D)  entrepreneurship

Question 10

Which of the following is a benefit a company would receive by investing in employee satisfaction?

Accepted Answer

A)  increased positive memories when employees retire 
B)  fewer employees needed to do the same amount of work 
C)  increased tangible bottom-line results 
D)  decreased bottom-line results due to investment expense 
A)  increased positive memories when employees retire 
B)  fewer employees needed to do the same amount of work 
C)  increased tangible bottom-line results 
D)  decreased bottom-line results due to investment expense

Question 11

The four factors of production are natural resources, capital, human resources, and entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 12

Businesses are primarily focused on creating profits by offering products and services desired by the consumer.

Accepted Answer

A) True 
 B)False

Question 13

Compare and contrast the relationship era and the marketing era.

Accepted Answer

Relationship era: Building on the market

Question 14

Leading-edge firms offer products well before the market becomes ready to embrace them.

Accepted Answer

A) True 
 B)False

Question 15

Discuss how not-for-profit organizations become economic magnets for many communities, drawing additional investment. Provide two specific examples.

Accepted Answer

Non-profit organizations such

Question 16

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 17

Technology can be a major threat for companies that are slow to integrate new approaches.

Accepted Answer

A) True 
 B)False

Question 18

India has been especially adept at attracting high-tech jobs.

Accepted Answer

A) True 
 B)False

Question 19

Tariq has just received a grant from the government to open a printing shop in his community. He will be leasing computers, copiers, scanners, and printers. What do these items represent his need for?

Accepted Answer

A)  capital 
B)  human resources 
C)  natural resources 
D)  value 
A)  capital 
B)  human resources 
C)  natural resources 
D)  value

Question 20

In which era of business do managers focus on efficiency, and the customer is an afterthought?

Accepted Answer

A)  the entrepreneurship era 
B)  the marketing era 
C)  the production era 
D)  the relationship era 
A)  the entrepreneurship era 
B)  the marketing era 
C)  the production era 
D)  the relationship era

Recent research suggests that investing in worker satisfaction yields tangible bottom-line results.

If you've browsed seller reviews on eBay or received shopping recommendations from Amazon, which of the following have you experienced?

The value of all natural resources tends to rise with high supply.

During the marketing era what did businesses begin doing?

The production era is also referred to as the "era of mass production."

The four factors of production are natural resources, capital, money, and entrepreneurship.

What are the five key dimensions of the broader business environment?

During the Industrial Revolution, which of the following boomed as mass production took hold?

Which of the following is a benefit a company would receive by investing in employee satisfaction?

The four factors of production are natural resources, capital, human resources, and entrepreneurship.

Businesses are primarily focused on creating profits by offering products and services desired by the consumer.

Compare and contrast the relationship era and the marketing era.

Leading-edge firms offer products well before the market becomes ready to embrace them.

Discuss how not-for-profit organizations become economic magnets for many communities, drawing additional investment. Provide two specific examples.

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

Technology can be a major threat for companies that are slow to integrate new approaches.

India has been especially adept at attracting high-tech jobs.

Tariq has just received a grant from the government to open a printing shop in his community. He will be leasing computers, copiers, scanners, and printers. What do these items represent his need for?

In which era of business do managers focus on efficiency, and the customer is an afterthought?

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

Recent research suggests that investing in worker satisfaction yields tangible bottom-line results.

If you've browsed seller reviews on eBay or received shopping recommendations from Amazon, which of the following have you experienced?

The value of all natural resources tends to rise with high supply.

During the marketing era what did businesses begin doing?

The production era is also referred to as the "era of mass production."

The four factors of production are natural resources, capital, money, and entrepreneurship.

What are the five key dimensions of the broader business environment?

During the Industrial Revolution, which of the following boomed as mass production took hold?

Which of the following is a benefit a company would receive by investing in employee satisfaction?

The four factors of production are natural resources, capital, human resources, and entrepreneurship.

Businesses are primarily focused on creating profits by offering products and services desired by the consumer.

Compare and contrast the relationship era and the marketing era.

Leading-edge firms offer products well before the market becomes ready to embrace them.

Discuss how not-for-profit organizations become economic magnets for many communities, drawing additional investment. Provide two specific examples.

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

Technology can be a major threat for companies that are slow to integrate new approaches.

India has been especially adept at attracting high-tech jobs.

Tariq has just received a grant from the government to open a printing shop in his community. He will be leasing computers, copiers, scanners, and printers. What do these items represent his need for?

In which era of business do managers focus on efficiency, and the customer is an afterthought?

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