Question 1

Today,approximately 10 percent of the Canadian population works in agriculture.

Accepted Answer

A) True 
 B)False

Question 2

Which of the factors in Porter's five forces model is generally seen as most important?

Accepted Answer

A)  Threat of potential entrants 
B)  Rivalry among existing competitors 
C)  Threat of substitutes 
D)  Suppliers 
E)  None of these 
A)  Threat of potential entrants 
B)  Rivalry among existing competitors 
C)  Threat of substitutes 
D)  Suppliers 
E)  None of these

Question 3

Cycle time is the time,from beginning to end,that it takes a firm to accomplish some recurring activity or function.

Accepted Answer

A) True 
 B)False

Question 4

The three key goals of the Canadian economic system are

Accepted Answer

A)  high interest rates,economic stability,full employment. 
B)  economic growth,inflation,full employment. 
C)  economic growth,economic stability,full employment. 
D)  economic growth,economic stability,low employment. 
E)  inflation growth,economic instability,low employment. 
A)  high interest rates,economic stability,full employment. 
B)  economic growth,inflation,full employment. 
C)  economic growth,economic stability,full employment. 
D)  economic growth,economic stability,low employment. 
E)  inflation growth,economic instability,low employment.

Question 5

Don is unemployed because of a downturn in economic activity; this is an example of ________ unemployment.

Accepted Answer

A)  frictional 
B)  seasonal 
C)  structural 
D)  cyclical 
E)  none of these 
A)  frictional 
B)  seasonal 
C)  structural 
D)  cyclical 
E)  none of these

Question 6

Under what circumstances can inflation be a positive factor?

Accepted Answer

As a sign of economi

Question 7

In 2010,Canadian universities accounted for about ____ percent of R&D spending.

Accepted Answer

A)  15 
B)  25 
C)  34 
D)  45 
E)  55 
A)  15 
B)  25 
C)  34 
D)  45 
E)  55

Question 8

Which of the following is correct with regard to budget deficits and the national debt?

Accepted Answer

A)  A country's national debt is the amount of money its government owes the United States. 
B)  A budget deficit occurs when income tax revenue is less than interest payments on the national debt. 
C)  Canada is the only industrialized country in the world that has a budget surplus. 
D)  Until recently,Canada was the only industrialized country that had an annual budget surplus. 
E)  All of these statements are correct. 
A)  A country's national debt is the amount of money its government owes the United States. 
B)  A budget deficit occurs when income tax revenue is less than interest payments on the national debt. 
C)  Canada is the only industrialized country in the world that has a budget surplus. 
D)  Until recently,Canada was the only industrialized country that had an annual budget surplus. 
E)  All of these statements are correct.

Question 9

If Toyota Motors purchased Ruscombe Muffler,a small retail muffler business,the purchase would be

Accepted Answer

A)  a horizontal merger. 
B)  a conglomerate merger. 
C)  a spinoff. 
D)  a vertical merger. 
E)  a divestiture. 
A)  a horizontal merger. 
B)  a conglomerate merger. 
C)  a spinoff. 
D)  a vertical merger. 
E)  a divestiture.

Question 10

Distributors who are in a grocery store restocking shelves are normally considered part of the ________ rather than the ________.

Accepted Answer

A)  environment; culture 
B)  organization; environment 
C)  culture; store 
D)  environment; organization 
E)  none of these are correct 
A)  environment; culture 
B)  organization; environment 
C)  culture; store 
D)  environment; organization 
E)  none of these are correct

Question 11

Prevailing economic conditions will affect the performance of almost every business.

Accepted Answer

A) True 
 B)False

Question 12

List the five forces in Porter's model.

Accepted Answer

Rivalry among existi

Question 13

R&D spending in Canada in 2010 totalled about ________ billion.

Accepted Answer

A)  $2 
B)  $6 
C)  $10 
D)  $15 
E)  $22 
A)  $2 
B)  $6 
C)  $10 
D)  $15 
E)  $22

Question 14

The ________ is a measure of the prices of a typical "basket of products" purchased by consumers.

Accepted Answer

A)  consumer price index 
B)  national debt 
C)  balance of trade 
D)  gross national product 
E)  real GDP 
A)  consumer price index 
B)  national debt 
C)  balance of trade 
D)  gross national product 
E)  real GDP

Question 15

Which of the following statements about inflation is correct?

Accepted Answer

A)  Inflation increases the purchasing power of consumer dollars. 
B)  The consumer price index is one way to measure inflation. 
C)  Inflation occurs when people have more money to spend as the quantity of goods available increases. 
D)  Inflation occurs when the amount of money taken out of the economy exceeds the amount of money put into the economy. 
E)  Inflation and deflation are really almost synonymous in practice. 
A)  Inflation increases the purchasing power of consumer dollars. 
B)  The consumer price index is one way to measure inflation. 
C)  Inflation occurs when people have more money to spend as the quantity of goods available increases. 
D)  Inflation occurs when the amount of money taken out of the economy exceeds the amount of money put into the economy. 
E)  Inflation and deflation are really almost synonymous in practice.

Question 16

Define the term unemployment.

Accepted Answer

Unemployment is the

Question 17

What is an organizational boundary?

Accepted Answer

An organizational bo

Question 18

Sharon is unemployed while she gets training for a new job.Sharon is experiencing cyclical unemployment.

Accepted Answer

A) True 
 B)False

Question 19

An increase in aggregate output will typically result in a recession.

Accepted Answer

A) True 
 B)False

Question 20

The purchasing power parity concept is interesting,but it doesn't give us much of an idea about what people can actually buy with the financial resources allocated to them by their economic system.

Accepted Answer

A) True 
 B)False

Today,approximately 10 percent of the Canadian population works in agriculture.

Which of the factors in Porter's five forces model is generally seen as most important?

Cycle time is the time,from beginning to end,that it takes a firm to accomplish some recurring activity or function.

The three key goals of the Canadian economic system are

Don is unemployed because of a downturn in economic activity; this is an example of ________ unemployment.

Under what circumstances can inflation be a positive factor?

In 2010,Canadian universities accounted for about ____ percent of R&D spending.

Which of the following is correct with regard to budget deficits and the national debt?

If Toyota Motors purchased Ruscombe Muffler,a small retail muffler business,the purchase would be

Distributors who are in a grocery store restocking shelves are normally considered part of the rather than the .

Prevailing economic conditions will affect the performance of almost every business.

List the five forces in Porter's model.

R&D spending in Canada in 2010 totalled about ________ billion.

The ________ is a measure of the prices of a typical "basket of products" purchased by consumers.

Which of the following statements about inflation is correct?

Define the term unemployment.

What is an organizational boundary?

Sharon is unemployed while she gets training for a new job.Sharon is experiencing cyclical unemployment.

An increase in aggregate output will typically result in a recession.

The purchasing power parity concept is interesting,but it doesn't give us much of an idea about what people can actually buy with the financial resources allocated to them by their economic system.

Understanding the Canadian Business System

Conducting Business Ethically and Responsibly

Understanding Entrepreneurship, small Business, and New Venture Creation

The Global Context of Business

Managing the Business Enterprise

Managing Human Resources

Understanding Labourmanagement Relations

Motivating and Leading Employees

Producing Goods and Services

Increasing Productivity and Quality

Managing Information Systems and Communication Technology

Understanding Accounting Issues

Understanding Marketing Processes and Consumer Behaviour

Developing and Promoting Goods and Services

Pricing and Distributing Goods and Services

Understanding Money and Banking

Understanding Securities and Investments

Financial Decisions and Risk Management

Filters

Exam 2: Understanding the Environments of Business

Today,approximately 10 percent of the Canadian population works in agriculture.

Which of the factors in Porter's five forces model is generally seen as most important?

Cycle time is the time,from beginning to end,that it takes a firm to accomplish some recurring activity or function.

The three key goals of the Canadian economic system are

Don is unemployed because of a downturn in economic activity; this is an example of ________ unemployment.

Under what circumstances can inflation be a positive factor?

In 2010,Canadian universities accounted for about ____ percent of R&D spending.

Which of the following is correct with regard to budget deficits and the national debt?

If Toyota Motors purchased Ruscombe Muffler,a small retail muffler business,the purchase would be

Distributors who are in a grocery store restocking shelves are normally considered part of the ________ rather than the ________.

Prevailing economic conditions will affect the performance of almost every business.

List the five forces in Porter's model.

R&D spending in Canada in 2010 totalled about ________ billion.

The ________ is a measure of the prices of a typical "basket of products" purchased by consumers.

Which of the following statements about inflation is correct?

Define the term unemployment.

What is an organizational boundary?

Sharon is unemployed while she gets training for a new job.Sharon is experiencing cyclical unemployment.

An increase in aggregate output will typically result in a recession.

The purchasing power parity concept is interesting,but it doesn't give us much of an idea about what people can actually buy with the financial resources allocated to them by their economic system.

Understanding the Canadian Business System

Conducting Business Ethically and Responsibly

Understanding Entrepreneurship, small Business, and New Venture Creation

The Global Context of Business

Managing the Business Enterprise

Managing Human Resources

Understanding Labourmanagement Relations

Motivating and Leading Employees

Producing Goods and Services

Increasing Productivity and Quality

Managing Information Systems and Communication Technology

Understanding Accounting Issues

Understanding Marketing Processes and Consumer Behaviour

Developing and Promoting Goods and Services

Pricing and Distributing Goods and Services

Understanding Money and Banking

Understanding Securities and Investments

Financial Decisions and Risk Management

Filters

Distributors who are in a grocery store restocking shelves are normally considered part of the rather than the .