Question 1

One factor that led to the Industrial Revolution was the mechanization of agriculture.

Accepted Answer

A) True 
 B)False

Question 2

Colonial society emphasized:

Accepted Answer

A) customer relationship. 
B) product distribution. 
C) factory production. 
D) agricultural production. 
A) customer relationship. 
B) product distribution. 
C) factory production. 
D) agricultural production.

Question 3

Social responsibility would include all of the following EXCEPT _____.

Accepted Answer

A) supporting the local United Way 
B) buying goods and services from minority-owned vendors 
C) making campaign contributions to politicians in the hope of obtaining a government contract 
D) making contributions to the local public radio station 
A) supporting the local United Way 
B) buying goods and services from minority-owned vendors 
C) making campaign contributions to politicians in the hope of obtaining a government contract 
D) making contributions to the local public radio station

Question 4

Assembly lines were introduced during the production era.

Accepted Answer

A) True 
 B)False

Question 5

"Newman's Own" is a food product line that gives 100 percent of its after-tax profits to charity.This company is ____.

Accepted Answer

A) evaluating its business ethics 
B) enacting upon its social responsibility 
C) creating customer satisfaction 
D) using creativity to promote sales 
A) evaluating its business ethics 
B) enacting upon its social responsibility 
C) creating customer satisfaction 
D) using creativity to promote sales

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

All factors of production are found in equal amounts in all businesses.

Accepted Answer

A) True 
 B)False

Question 8

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 9

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

Accepted Answer

A) outsourcing 
B) Diversity 
C) entrepreneur 
D) Competitive differentiation 
E) strategic alliance
F)Capital
G)vision
H)factors of production
I)brand
J)Relationship management
K)Not-for-profit organizations
L)Business ethics 
A) outsourcing 
B) Diversity 
C) entrepreneur 
D) Competitive differentiation 
E) strategic alliance
F)Capital
G)vision
H)factors of production
I)brand
J)Relationship management
K)Not-for-profit organizations
L)Business ethics

Question 10

Business ethics deal with the right versus wrong actions that arise in a work environment.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following allows for a private enterprise system to rely on the potential for citizens to choose their own employment,purchases,and investments?

Accepted Answer

A) Right to private property 
B) Right to profits 
C) Freedom of competition 
D) Freedom of choice 
A) Right to private property 
B) Right to profits 
C) Freedom of competition 
D) Freedom of choice

Question 12

Complete the following using these terms.
-_____ refers to the standards of conduct and moral values involving decisions made in the work environment.

Accepted Answer

A) outsourcing 
B) Diversity 
C) entrepreneur 
D) Competitive differentiation 
E) strategic alliance
F)Capital
G)vision
H)factors of production
I)brand
J)Relationship management
K)Not-for-profit organizations
L)Business ethics 
A) outsourcing 
B) Diversity 
C) entrepreneur 
D) Competitive differentiation 
E) strategic alliance
F)Capital
G)vision
H)factors of production
I)brand
J)Relationship management
K)Not-for-profit organizations
L)Business ethics

Question 13

All of the following are rights granted to citizens and to the government in a private enterprise system EXCEPT the right to _____.

Accepted Answer

A) fair competition 
B) permit price discrimination 
C) select from among a variety of goods and services 
D) own property 
A) fair competition 
B) permit price discrimination 
C) select from among a variety of goods and services 
D) own property

Question 14

Which of the following is a trend in the current business workforce?

Accepted Answer

A) Teenagers are staying longer in their jobs. 
B) Seniors are rarely applying for part-time jobs. 
C) Seniors are retiring from the workforce sooner. 
D) Teenagers are entering the workforce sooner. 
A) Teenagers are staying longer in their jobs. 
B) Seniors are rarely applying for part-time jobs. 
C) Seniors are retiring from the workforce sooner. 
D) Teenagers are entering the workforce sooner.

Question 15

Apple iPods sold on Amazon's Web site signify the formation of a _____ to increase profits.

Accepted Answer

A) transaction alliance 
B) brand partnership 
C) strategic alliance 
D) marketing agreement 
A) transaction alliance 
B) brand partnership 
C) strategic alliance 
D) marketing agreement

Question 16

Diverse employee teams tend to perform _____ and develop _____ than do homogeneous employee groups.

Accepted Answer

A) less effectively;better solutions 
B) more effectively;better solutions 
C) less effectively;worse solutions 
D) more effectively;worse solutions 
A) less effectively;better solutions 
B) more effectively;better solutions 
C) less effectively;worse solutions 
D) more effectively;worse solutions

Question 17

The private enterprise system is also referred to as capitalism.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Natural resources are linked to the factor payment of rent.

Accepted Answer

A) True 
 B)False

Question 20

Companies are not required to be ethical to succeed in the long run.

Accepted Answer

A) True 
 B)False

One factor that led to the Industrial Revolution was the mechanization of agriculture.

Colonial society emphasized:

Social responsibility would include all of the following EXCEPT _____.

Assembly lines were introduced during the production era.

"Newman's Own" is a food product line that gives 100 percent of its after-tax profits to charity.This company is ____.

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

All factors of production are found in equal amounts in all businesses.

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

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

Business ethics deal with the right versus wrong actions that arise in a work environment.

Which of the following allows for a private enterprise system to rely on the potential for citizens to choose their own employment,purchases,and investments?

Complete the following using these terms. -_____ refers to the standards of conduct and moral values involving decisions made in the work environment.

All of the following are rights granted to citizens and to the government in a private enterprise system EXCEPT the right to _____.

Which of the following is a trend in the current business workforce?

Apple iPods sold on Amazon's Web site signify the formation of a _____ to increase profits.

Diverse employee teams tend to perform _ and develop _ than do homogeneous employee groups.

The private enterprise system is also referred to as capitalism.

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

Natural resources are linked to the factor payment of rent.

Companies are not required to be ethical to succeed in the long run.

Business Ethics and Social Responsibility

Economic Challenges Facing Todays 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

Trends in E-Commerce

Filters

Exam 1: The Changing Face of Business

One factor that led to the Industrial Revolution was the mechanization of agriculture.

Colonial society emphasized:

Social responsibility would include all of the following EXCEPT _____.

Assembly lines were introduced during the production era.

"Newman's Own" is a food product line that gives 100 percent of its after-tax profits to charity.This company is ____.

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

All factors of production are found in equal amounts in all businesses.

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

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

Business ethics deal with the right versus wrong actions that arise in a work environment.

Which of the following allows for a private enterprise system to rely on the potential for citizens to choose their own employment,purchases,and investments?

Complete the following using these terms. -_____ refers to the standards of conduct and moral values involving decisions made in the work environment.

All of the following are rights granted to citizens and to the government in a private enterprise system EXCEPT the right to _____.

Which of the following is a trend in the current business workforce?

Apple iPods sold on Amazon's Web site signify the formation of a _____ to increase profits.

Diverse employee teams tend to perform _____ and develop _____ than do homogeneous employee groups.

The private enterprise system is also referred to as capitalism.

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

Natural resources are linked to the factor payment of rent.

Companies are not required to be ethical to succeed in the long run.

Business Ethics and Social Responsibility

Economic Challenges Facing Todays 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

Trends in E-Commerce

Filters

Diverse employee teams tend to perform _ and develop _ than do homogeneous employee groups.