Question 1

Corruption and illegal activities are expected in a capitalist system and can be beneficial.

Accepted Answer

A) True 
 B)False

Question 2

Although employment in the service sector has increased rapidly in recent years,the vast majority of workers are still employed in the goods producing sector.

Accepted Answer

A) True 
 B)False

Question 3

One economic environmental factor of great importance to many businesses is:

Accepted Answer

A)  the movement of the Canadian dollar.
B)  entrepreneurship.
C)  the actions of non-profits.
D)  stakeholder activities.E) None of the above
F) A) and C)

Question 4

The transition from an agricultural economy to a manufacturing economy to a
service-based economy has resulted in a serious increase in long-term unemployment.

Accepted Answer

A) True 
 B)False

Question 5

The statistical study of human population to learn its size,density,and characteristics is called:

Accepted Answer

A)  econometrics
B)  geometry
C)  psychographics
D)  demographyE) A) and D)
F) A) and C)

Question 6

Empowerment requires that managers focus more on_________ lower-level employees.

Accepted Answer

A)  training,supporting,coaching,and motivating
B)  simplifying the jobs of
C)  controlling and correcting
D)  directly supervisingE) C) and D)
F) A) and C)

Question 7

The growth in the service sector in Canada has,in part,been due to technological improvements.

Accepted Answer

A) True 
 B)False

Question 8

The advice provided by a lawyer is an example of the service industry.

Accepted Answer

A) True 
 B)False

Question 9

The baby-boom includes those people born after 1995.

Accepted Answer

A) True 
 B)False

Question 10

About what percentage of Canadians are employed in the goods-producing sector?

Accepted Answer

A)  625
B)  22
C)  42
D)  12E) A) and C)
F) A) and B)

Question 11

In countries where businesses are government owned:

Accepted Answer

A)  profits tend to be higher.
B)  there is less incentive to work hard.
C)  the right amount of each good is produced.
D)  the quality of goods is high but profits are low.E) None of the above
F) A) and C)

Question 12

Technology refers to everything that makes business operations more efficient and productive.

Accepted Answer

A) True 
 B)False

Question 13

Companies have gone from outsourcing jobs to offshoring what?

Accepted Answer

A)  the purchase of inputs
B)  research and development
C)  stakeholders
D)  profitsE) A) and B)
F) A) and C)

Question 14

Taxes and government regulations are part of the legal environment in which businesses operate.

Accepted Answer

A) True 
 B)False

Question 15

is the chance an entrepreneur will lose the time and money invested in a business that proves to be unprofitable.

Accepted Answer

A)  Depreciation
B)  Fallibility
C)  Redundancy
D)  RiskE) B) and C)
F) All of the above

Question 16

Baby boomers are those people born between 1965 and 1980.

Accepted Answer

A) True 
 B)False

Question 17

Globalization has greatly ________

Accepted Answer

A)  hurt consumers
B)  reduced the number of jobs worldwide
C)  improved living standards around the world
D)  declinedE) C) and D)
F) A) and D)

Question 18

Offshoring entails:

Accepted Answer

A)  being controlled by a board of directors.
B)  sourcing parts outside of the country.
C)  having a limited life.
D)  assigning various functions to outside organizations.E) A) and C)
F) A) and B)

Question 19

Profits of a business include the salaries paid to the owners and employees of that business.

Accepted Answer

A) True 
 B)False

Question 20

The Internet has increased and improved a business's responsiveness to their customers.

Accepted Answer

A) True 
 B)False

Exam 1: The Dynamic Business Environment

Baby boomers are those people born between 1965 and 1980.

Correct AnswerverifiedShow Answer

Globalization has greatly ________

Correct AnswerverifiedShow Answer

The statistical study of human population to learn its size,density,and characteristics is called:

Correct AnswerverifiedShow Answer

Offshoring entails:

Correct AnswerverifiedShow Answer

Technology refers to everything that makes business operations more efficient and productive.

Correct AnswerverifiedShow Answer

The advice provided by a lawyer is an example of the service industry.

Correct AnswerverifiedShow Answer

Corruption and illegal activities are expected in a capitalist system and can be beneficial.

Correct AnswerverifiedShow Answer

In countries where businesses are government owned:

Correct AnswerverifiedShow Answer

About what percentage of Canadians are employed in the goods-producing sector?

Correct AnswerverifiedShow Answer

is the chance an entrepreneur will lose the time and money invested in a business that proves to be unprofitable.

Correct AnswerverifiedShow Answer

Taxes and government regulations are part of the legal environment in which businesses operate.

Correct AnswerverifiedShow Answer

The growth in the service sector in Canada has,in part,been due to technological improvements.

Correct AnswerverifiedShow Answer

Companies have gone from outsourcing jobs to offshoring what?

Correct AnswerverifiedShow Answer

One economic environmental factor of great importance to many businesses is:

Correct AnswerverifiedShow Answer

Although employment in the service sector has increased rapidly in recent years,the vast majority of workers are still employed in the goods producing sector.

Correct AnswerverifiedShow Answer

The baby-boom includes those people born after 1995.

Correct AnswerverifiedShow Answer

The Internet has increased and improved a business's responsiveness to their customers.

Correct AnswerverifiedShow Answer

Profits of a business include the salaries paid to the owners and employees of that business.

Correct AnswerverifiedShow Answer

The transition from an agricultural economy to a manufacturing economy to a service-based economy has resulted in a serious increase in long-term unemployment.

Correct AnswerverifiedShow Answer

Empowerment requires that managers focus more on_________ lower-level employees.

Correct AnswerverifiedShow Answer

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