Question 1

List five dimensions of the external environment of business organizations.

Accepted Answer

economic,technologic

Question 2

The Canadian government has so far blocked bank mergers because

Accepted Answer

A)  shareholders oppose the idea. 
B)  there is fear that competition would be reduced and customers would be harmed. 
C)  the Prime Minister does not like any mergers. 
D)  the banks are not yet profitable enough to merge. 
E)  none of the statements are accurate. 
A)  shareholders oppose the idea. 
B)  there is fear that competition would be reduced and customers would be harmed. 
C)  the Prime Minister does not like any mergers. 
D)  the banks are not yet profitable enough to merge. 
E)  none of the statements are accurate.

Question 3

________ uses games,contests,chat rooms,and bulletin boards to encourage potential customers to try out products and tell other people about them.

Accepted Answer

A)  Relationship marketing 
B)  Business process management 
C)  Enterprise planning 
D)  Vertical integration 
E)  Viral marketing 
A)  Relationship marketing 
B)  Business process management 
C)  Enterprise planning 
D)  Vertical integration 
E)  Viral marketing

Question 4

A budget deficit refers to

Accepted Answer

A)  the measure of economic growth that compares how much a system produces with the resources needed to produce it. 
B)  government spending more in one year than it takes in during that year. 
C)  the total of a country's exports minus its imports. 
D)  the total amount of money that Canada owes its creditors. 
E)  the exchange rate that is set so prices of similar products in different countries are the same. 
A)  the measure of economic growth that compares how much a system produces with the resources needed to produce it. 
B)  government spending more in one year than it takes in during that year. 
C)  the total of a country's exports minus its imports. 
D)  the total amount of money that Canada owes its creditors. 
E)  the exchange rate that is set so prices of similar products in different countries are the same.

Question 5

R&D spending in Canada is about ____ percent of GDP,while in countries like the U.S.and Japan,the figure is about ____ percent of GDP.

Accepted Answer

A)  less than 1 percent; 1.5-2.0 percent 
B)  2 percent; 1 percent 
C)  3 percent; 6 percent 
D)  5 percent; 5 percent 
E)  10 percent; 15 percent 
A)  less than 1 percent; 1.5-2.0 percent 
B)  2 percent; 1 percent 
C)  3 percent; 6 percent 
D)  5 percent; 5 percent 
E)  10 percent; 15 percent

Question 6

The comparison of what an economic system produces with the resources used to produce it is known as

Accepted Answer

A)  the resource ratio. 
B)  real GDP. 
C)  purchasing power parity. 
D)  the balance of trade. 
E)  productivity. 
A)  the resource ratio. 
B)  real GDP. 
C)  purchasing power parity. 
D)  the balance of trade. 
E)  productivity.

Question 7

A ________ balance of trade results when a country imports more than it exports.

Accepted Answer

A)  nominal 
B)  depressed 
C)  positive 
D)  negative 
E)  beneficial 
A)  nominal 
B)  depressed 
C)  positive 
D)  negative 
E)  beneficial

Question 8

How might low inflation levels in the general economy affect a company like McDonald's?

Accepted Answer

A)  McDonald's will pay much higher prices for supplies and will charge customers more for its products. 
B)  McDonald's will pay higher prices for supplies and will charge customers more for its products. 
C)  McDonald's will pay relatively constant prices for supplies,but will be unable to increase the price paid by customers. 
D)  McDonald's will pay relatively constant prices for supplies and will charge customers more for its products. 
E)  McDonald's will pay higher prices for supplies,but will be unable to increase the price paid by customers. 
A)  McDonald's will pay much higher prices for supplies and will charge customers more for its products. 
B)  McDonald's will pay higher prices for supplies and will charge customers more for its products. 
C)  McDonald's will pay relatively constant prices for supplies,but will be unable to increase the price paid by customers. 
D)  McDonald's will pay relatively constant prices for supplies and will charge customers more for its products. 
E)  McDonald's will pay higher prices for supplies,but will be unable to increase the price paid by customers.

Question 9

Stone Inc.has just been through a friendly takeover.This means that

Accepted Answer

A)  two firms in completely unrelated businesses merge. 
B)  two firms agree to join together. 
C)  the acquired company welcomes the acquisition because it may need cash or other benefits which it believes will be available from the other firm. 
D)  the organization will buy back their own stock from an investor who threatened a hostile takeover. 
E)  the two firms were direct competitors before the merger and now will not compete with each other after the merger. 
A)  two firms in completely unrelated businesses merge. 
B)  two firms agree to join together. 
C)  the acquired company welcomes the acquisition because it may need cash or other benefits which it believes will be available from the other firm. 
D)  the organization will buy back their own stock from an investor who threatened a hostile takeover. 
E)  the two firms were direct competitors before the merger and now will not compete with each other after the merger.

Question 10

What is a recession?

Accepted Answer

A recession is a per

Question 11

Khalid is a research chemist who is continually experimenting with how chemical compounds behave.He knows that his activity might or might not result in a marketable product.Kahlid is engaged in pure research.

Accepted Answer

A) True 
 B)False

Question 12

Unemployment is the level of joblessness among

Accepted Answer

A)  people over the age of 18 within a given economic system. 
B)  people who have been previously employed in an economic system. 
C)  people who have the skills for employment within an economic system. 
D)  people over the age of 18 and under the age of 65 in a given economic system. 
E)  people actively seeking work in an economic system. 
A)  people over the age of 18 within a given economic system. 
B)  people who have been previously employed in an economic system. 
C)  people who have the skills for employment within an economic system. 
D)  people over the age of 18 and under the age of 65 in a given economic system. 
E)  people actively seeking work in an economic system.

Question 13

Per capita GDP is calculated by dividing GDP by the total population.

Accepted Answer

A) True 
 B)False

Question 14

The more money the Canadian government borrows (by issuing savings bonds),the ________ money is available for private borrowing and investment that increases ________.

Accepted Answer

A)  more; productivity 
B)  less; productivity 
C)  more; purchasing power parity 
D)  less; GDP 
E)  more; GDP 
A)  more; productivity 
B)  less; productivity 
C)  more; purchasing power parity 
D)  less; GDP 
E)  more; GDP

Question 15

Enterprise Resource Planning is an example of a process technology.

Accepted Answer

A) True 
 B)False

Question 16

Martin,the CEO of a Canadian company that emphasizes social responsibility,observes that there are disadvantages associated with the company's planned increase in globalizing its production.What disadvantage is Martin most likely thinking about?

Accepted Answer

A)  Large job losses in Canada. 
B)  Greater disparities in living standards. 
C)  Reducing trade barriers between countries. 
D)  Job losses in developing markets. 
E)  Increased foreign competition. 
A)  Large job losses in Canada. 
B)  Greater disparities in living standards. 
C)  Reducing trade barriers between countries. 
D)  Job losses in developing markets. 
E)  Increased foreign competition.

Question 17

When Kraft Foods bought Cadbury,this was an example of __________,but when Molson combined with Adolph Coors,this was an example of __________.

Accepted Answer

A)  a hostile takeover; friendly takeover 
B)  an acquisition; a horizontal merger 
C)  a merger; an acquisition 
D)  a poison pill; a divestiture 
E)  a spinoff; a divestiture 
A)  a hostile takeover; friendly takeover 
B)  an acquisition; a horizontal merger 
C)  a merger; an acquisition 
D)  a poison pill; a divestiture 
E)  a spinoff; a divestiture

Question 18

Technology transfer is more important than R&D intensity.

Accepted Answer

A) True 
 B)False

Question 19

What are some of the solutions to Canada's low productivity growth rate problem?

Accepted Answer

The following actions have been suggeste

Question 20

Which of the following best defines the term business cycle?

Accepted Answer

A)  The conditions of the economic system in which an organization operates 
B)  The pattern of short-term ups and downs in an economy 
C)  The total quantity of goods and services produced by an economic system during a given period 
D)  The measure of economic growth that compares how much a system produces with the resources needed to produce it 
E)  The total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system 
A)  The conditions of the economic system in which an organization operates 
B)  The pattern of short-term ups and downs in an economy 
C)  The total quantity of goods and services produced by an economic system during a given period 
D)  The measure of economic growth that compares how much a system produces with the resources needed to produce it 
E)  The total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system

List five dimensions of the external environment of business organizations.

The Canadian government has so far blocked bank mergers because

________ uses games,contests,chat rooms,and bulletin boards to encourage potential customers to try out products and tell other people about them.

A budget deficit refers to

R&D spending in Canada is about percent of GDP,while in countries like the U.S.and Japan,the figure is about percent of GDP.

The comparison of what an economic system produces with the resources used to produce it is known as

A ________ balance of trade results when a country imports more than it exports.

How might low inflation levels in the general economy affect a company like McDonald's?

Stone Inc.has just been through a friendly takeover.This means that

What is a recession?

Khalid is a research chemist who is continually experimenting with how chemical compounds behave.He knows that his activity might or might not result in a marketable product.Kahlid is engaged in pure research.

Unemployment is the level of joblessness among

Per capita GDP is calculated by dividing GDP by the total population.

The more money the Canadian government borrows (by issuing savings bonds),the money is available for private borrowing and investment that increases .

Enterprise Resource Planning is an example of a process technology.

Martin,the CEO of a Canadian company that emphasizes social responsibility,observes that there are disadvantages associated with the company's planned increase in globalizing its production.What disadvantage is Martin most likely thinking about?

When Kraft Foods bought Cadbury,this was an example of ,but when Molson combined with Adolph Coors,this was an example of .

Technology transfer is more important than R&D intensity.

What are some of the solutions to Canada's low productivity growth rate problem?

Which of the following best defines the term business cycle?

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

List five dimensions of the external environment of business organizations.

The Canadian government has so far blocked bank mergers because

________ uses games,contests,chat rooms,and bulletin boards to encourage potential customers to try out products and tell other people about them.

A budget deficit refers to

R&D spending in Canada is about ____ percent of GDP,while in countries like the U.S.and Japan,the figure is about ____ percent of GDP.

The comparison of what an economic system produces with the resources used to produce it is known as

A ________ balance of trade results when a country imports more than it exports.

How might low inflation levels in the general economy affect a company like McDonald's?

Stone Inc.has just been through a friendly takeover.This means that

What is a recession?

Khalid is a research chemist who is continually experimenting with how chemical compounds behave.He knows that his activity might or might not result in a marketable product.Kahlid is engaged in pure research.

Unemployment is the level of joblessness among

Per capita GDP is calculated by dividing GDP by the total population.

The more money the Canadian government borrows (by issuing savings bonds),the ________ money is available for private borrowing and investment that increases ________.

Enterprise Resource Planning is an example of a process technology.

Martin,the CEO of a Canadian company that emphasizes social responsibility,observes that there are disadvantages associated with the company's planned increase in globalizing its production.What disadvantage is Martin most likely thinking about?

When Kraft Foods bought Cadbury,this was an example of __________,but when Molson combined with Adolph Coors,this was an example of __________.

Technology transfer is more important than R&D intensity.

What are some of the solutions to Canada's low productivity growth rate problem?

Which of the following best defines the term business cycle?

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

R&D spending in Canada is about percent of GDP,while in countries like the U.S.and Japan,the figure is about percent of GDP.

The more money the Canadian government borrows (by issuing savings bonds),the money is available for private borrowing and investment that increases .

When Kraft Foods bought Cadbury,this was an example of ,but when Molson combined with Adolph Coors,this was an example of .