Exam 1: The Changing Face of Business

Winzer Corp. a multinational corporation located in Los Angeles is planning to relocate its operations in Southern Asia. The firm has identified that the labor cost and technology available in the region would ensure optimum performance of its business operations. Which of the following strategies has Winzer Corp. adopted?

(Multiple Choice)

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Question 41

A partnership is _____.

(Multiple Choice)

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Question 42

The private enterprise system is enhanced by maximized government participation.

(True/False)

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Question 43

Emily works for a pharmaceutical company and gives a presentation on the need to expand the company's geriatric division within the next 10 years. Emily is focussing primarily on establishing the company's _____.

(Multiple Choice)

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Question 44

MATCHING Complete the following using these terms. -A person who seeks a profitable opportunity and then devises a plan to achieve that profit is called a(n) _____.

(Multiple Choice)

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Question 45

Not-for-profit organizations are commonly exempt from federal, state, and local taxes.

(True/False)

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Question 46

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

(Multiple Choice)

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Question 47

Explain the new employer-employee relationship in business.

(Essay)

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Question 48

The American Industrial Revolution did not make real progress until _____.

(Multiple Choice)

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Question 49

In the U.S. economy, _____ are considered the reward for the risk of entering a business.

(Multiple Choice)

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Question 50

All of the following are basic rights within a private enterprise system EXCEPT _____.

(Multiple Choice)

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Question 51

A key element of the production era was the use of consumer research.

(True/False)

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Question 52

The need to develop environmentally friendly products and processes is becoming a major new force in business today.

(True/False)

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Question 53

MATCHING Complete the following using these terms. -A(n) _____ is a name, term, sign, symbol, design, or combination that identifies the products of one firm.

(Multiple Choice)

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Question 54

Which of the following generations is usually associated with the work-comes-first lifestyle?

(Multiple Choice)

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Question 55

Creativity is the capacity to develop well-tested solutions to common organizational problems.

(True/False)

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Question 56

When a business employs an outside company to handle all customer correspondence and phone calls, the business is _____ its customer service department.

(Multiple Choice)

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Question 57

Which of the following statements is NOT correct?

(Multiple Choice)

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Question 58

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

(True/False)

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Question 59

The human resources of a firm refers to _____.

(Multiple Choice)

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Question 60

Showing 41 - 60 of 156

A partnership is _____.

The private enterprise system is enhanced by maximized government participation.

Emily works for a pharmaceutical company and gives a presentation on the need to expand the company's geriatric division within the next 10 years. Emily is focussing primarily on establishing the company's _____.

MATCHING Complete the following using these terms. -A person who seeks a profitable opportunity and then devises a plan to achieve that profit is called a(n) _____.

Not-for-profit organizations are commonly exempt from federal, state, and local taxes.

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

Explain the new employer-employee relationship in business.

The American Industrial Revolution did not make real progress until _____.

In the U.S. economy, _____ are considered the reward for the risk of entering a business.

All of the following are basic rights within a private enterprise system EXCEPT _____.

A key element of the production era was the use of consumer research.

The need to develop environmentally friendly products and processes is becoming a major new force in business today.

MATCHING Complete the following using these terms. -A(n) _____ is a name, term, sign, symbol, design, or combination that identifies the products of one firm.

Which of the following generations is usually associated with the work-comes-first lifestyle?

Creativity is the capacity to develop well-tested solutions to common organizational problems.

When a business employs an outside company to handle all customer correspondence and phone calls, the business is _____ its customer service department.

Which of the following statements is NOT correct?

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

The human resources of a firm refers to _____.

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 Labor 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

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