Exam 1: The Changing Face of Business

Force of change can only come from external sources.

Fortune Magazine publishes a list of most admired companies in the world each year. What criteria do companies have to meet in order to make the list?

Tarek, a former middle manager from Alexander Manufacturing, owns and operates a Subway franchise. Tarek is demonstrating ______.

Feedback from customers is an example of a(n) ______ that requires organizational change.

Today, workers are much less likely to remain with the same employer throughout their entire careers.

All of the following are businesses EXCEPT ______.

By offering a lifetime warranty on its products, Warner Electronics has set itself apart from its competition. This difference is known as Warner Electronics' ______.

The work-comes-first lifestyle is exemplified by

In business, ______ refers to the ability to see better and different ways of doing business.

What is the basic difference between the production era and the relationship era?

Although the number of college-educated workers has doubled in the last 20 years, the demand for workers is still greater than the supply.

The current philosophy among managers today is best described as transaction management.

If Exxon Mobil drills oil from land belonging to the Native community in Texas, what would be the corresponding factor payment for the resources being used by the company?

______ is the ability to perceive marketplace needs and what an organization must do to satisfy these needs.

Which of the following is considered to be the most fundamental right of the private enterprise system?

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

In the Canadian economy, ______ are considered the reward for the risk of entering business.

In the context of business, define technology.

The production era preceded the age of industrial entrepreneurs.

Outsourcing is the relocation of business activities to lower-cost locations overseas.