Question 1

The human resources of a firm refer to ______.

Accepted Answer

A)  top management 
B)  everyone over 18 years of age 
C)  full-time employees 
D)  everyone who works for the business 
A)  top management 
B)  everyone over 18 years of age 
C)  full-time employees 
D)  everyone who works for the business

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

______ are a public not-for-profit profit organization.

Accepted Answer

A)  Religious organizations 
B)  Charitable organizations 
C)  Trade associations 
D)  Political parties 
A)  Religious organizations 
B)  Charitable organizations 
C)  Trade associations 
D)  Political parties

Question 4

Define the term vision. Why is vision an important skill today?

Accepted Answer

Vision is the ability to perce

Question 5

What is the private enterprise system? What role does the government play in Canada's private enterprise system?

Accepted Answer

The private enterprise system is an econ

Question 6

In consumer orientation, a company creates a product first, and then determines if the consumer will likely purchase the product.

Accepted Answer

A) True 
 B)False

Question 7

The Industrial Revolution began in the United States with the development of the automobile.

Accepted Answer

A) True 
 B)False

Question 8

When a Canadian company contracts work to Mexico, it is ______.

Accepted Answer

A)  offshoring 
B)  nearsourcing 
C)  nearshoring 
D)  exporting 
A)  offshoring 
B)  nearsourcing 
C)  nearshoring 
D)  exporting

Question 9

The Industrial Revolution began in Germany and quickly spread to the rest of Europe.

Accepted Answer

A) True 
 B)False

Question 10

Critical thinking could lead to creativity. Explain the rationale for this statement.

Accepted Answer

Critical thinking involves the ability t

Question 11

Natural resources are essential for certain companies but are NOT required for all economic systems.

Accepted Answer

A) True 
 B)False

Question 12

Technology, tools, information, and physical facilities for the operation of a business are examples of ______.

Accepted Answer

A)  profits 
B)  wages 
C)  capital 
D)  interest 
A)  profits 
B)  wages 
C)  capital 
D)  interest

Question 13

A company that values employees as sources of ideas and innovation is utilizing its ______.

Accepted Answer

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

Question 14

The use of blogs as a link between companies and their customers is on the decline.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following best distinguishes the philosophy of the marketing era from the philosophy of the production era?

Accepted Answer

A)  The production era was more consumer-oriented. 
B)  The marketing era advocated price discrimination. 
C)  The production era occurred after World War II. 
D)  The marketing era was more consumer-oriented. 
A)  The production era was more consumer-oriented. 
B)  The marketing era advocated price discrimination. 
C)  The production era occurred after World War II. 
D)  The marketing era was more consumer-oriented.

Question 16

For today's managers, which of the following is least important?

Accepted Answer

A)  the ability to work by strict rules 
B)  vision 
C)  critical thinking skills 
D)  creativity 
A)  the ability to work by strict rules 
B)  vision 
C)  critical thinking skills 
D)  creativity

Question 17

Technology is considered to be capital.

Accepted Answer

A) True 
 B)False

Question 18

Loyalty/points cards used by companies such as Shoppers Drug Mart, Loblaw's and Metro, are typical examples of business practices in the ______.

Accepted Answer

A)  production era 
B)  relationship era 
C)  industrial entrepreneurs era 
D)  all the business eras 
A)  production era 
B)  relationship era 
C)  industrial entrepreneurs era 
D)  all the business eras

Question 19

______ is NOT a criteria for making the list of Fortune's most admired companies.

Accepted Answer

A)  People management 
B)  Social responsibility 
C)  Quality management 
D)  All of the above are part of Fortune's criteria. 
A)  People management 
B)  Social responsibility 
C)  Quality management 
D)  All of the above are part of Fortune's criteria.

Question 20

Skilled and knowledgeable employees are essential resources that could help an organization to create change in today's dynamic business environment.

Accepted Answer

A) True 
 B)False

The human resources of a firm refer to ______.

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

______ are a public not-for-profit profit organization.

Define the term vision. Why is vision an important skill today?

What is the private enterprise system? What role does the government play in Canada's private enterprise system?

In consumer orientation, a company creates a product first, and then determines if the consumer will likely purchase the product.

The Industrial Revolution began in the United States with the development of the automobile.

When a Canadian company contracts work to Mexico, it is ______.

The Industrial Revolution began in Germany and quickly spread to the rest of Europe.

Critical thinking could lead to creativity. Explain the rationale for this statement.

Natural resources are essential for certain companies but are NOT required for all economic systems.

Technology, tools, information, and physical facilities for the operation of a business are examples of ______.

A company that values employees as sources of ideas and innovation is utilizing its ______.

The use of blogs as a link between companies and their customers is on the decline.

Which of the following best distinguishes the philosophy of the marketing era from the philosophy of the production era?

For today's managers, which of the following is least important?

Technology is considered to be capital.

Loyalty/points cards used by companies such as Shoppers Drug Mart, Loblaw's and Metro, are typical examples of business practices in the ______.

______ is NOT a criteria for making the list of Fortune's most admired companies.

Skilled and knowledgeable employees are essential resources that could help an organization to create change in today's dynamic business environment.

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 Labour 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

Filters

Exam 1: The Changing Face of Business

The human resources of a firm refer to ______.

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

______ are a public not-for-profit profit organization.

Define the term vision. Why is vision an important skill today?

What is the private enterprise system? What role does the government play in Canada's private enterprise system?

In consumer orientation, a company creates a product first, and then determines if the consumer will likely purchase the product.

The Industrial Revolution began in the United States with the development of the automobile.

When a Canadian company contracts work to Mexico, it is ______.

The Industrial Revolution began in Germany and quickly spread to the rest of Europe.

Critical thinking could lead to creativity. Explain the rationale for this statement.

Natural resources are essential for certain companies but are NOT required for all economic systems.

Technology, tools, information, and physical facilities for the operation of a business are examples of ______.

A company that values employees as sources of ideas and innovation is utilizing its ______.

The use of blogs as a link between companies and their customers is on the decline.

Which of the following best distinguishes the philosophy of the marketing era from the philosophy of the production era?

For today's managers, which of the following is least important?

Technology is considered to be capital.

Loyalty/points cards used by companies such as Shoppers Drug Mart, Loblaw's and Metro, are typical examples of business practices in the ______.

______ is NOT a criteria for making the list of Fortune's most admired companies.

Skilled and knowledgeable employees are essential resources that could help an organization to create change in today's dynamic business environment.

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 Labour 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

Filters