Question 1

What is outsourcing? Give an example of outsourcing.

Accepted Answer

Outsourcing is the strategy of paying su

Question 2

Porter's five forces model includes all of the following except

Accepted Answer

A)  substitutes. 
B)  threat of potential entrants. 
C)  buyers. 
D)  suppliers. 
E)  threat of replacement products. 
A)  substitutes. 
B)  threat of potential entrants. 
C)  buyers. 
D)  suppliers. 
E)  threat of replacement products.

Question 3

If productivity increases,prices to consumers will tend to increase as well.

Accepted Answer

A) True 
 B)False

Question 4

________ is a large-scale information system for organizing and managing a firm's processes across product line,departments,and geographic locations.

Accepted Answer

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

Question 5

Which of the following statements is correct?

Accepted Answer

A)  GNP refers to the total value of all goods and services produced by a national economy. 
B)  GDP refers to the total value of all goods and services produced by a national economy regardless of where the factors of production are located. 
C)  Growth depends on output increasing at a faster rate than population. 
D)  Per capita GDP is calculated by dividing purchasing power parity by the rate of inflation. 
E)  Real GDP compares how much a system produces with the resources needed to produce it. 
A)  GNP refers to the total value of all goods and services produced by a national economy. 
B)  GDP refers to the total value of all goods and services produced by a national economy regardless of where the factors of production are located. 
C)  Growth depends on output increasing at a faster rate than population. 
D)  Per capita GDP is calculated by dividing purchasing power parity by the rate of inflation. 
E)  Real GDP compares how much a system produces with the resources needed to produce it.

Question 6

In 2010,the Canadian private sector accounted for about _____ percent of R&D spending,while the government accounted for about _____percent.

Accepted Answer

A)  25; 10 
B)  10; 40 
C)  55; 10 
D)  25; 30 
E)  78; 2 
A)  25; 10 
B)  10; 40 
C)  55; 10 
D)  25; 30 
E)  78; 2

Question 7

Basic research and development describes

Accepted Answer

A)  focusing specifically on how a technological innovation can be put to use in the making of a product or service that can be sold in the marketplace. 
B)  those activities that do not create value for the firm. 
C)  the process involved in getting a new technology out of the lab and into the marketplace. 
D)  improving knowledge in an area without a primary focus on whether any discoveries that might occur are immediately marketable. 
E)  those activities that increase a company's revenues. 
A)  focusing specifically on how a technological innovation can be put to use in the making of a product or service that can be sold in the marketplace. 
B)  those activities that do not create value for the firm. 
C)  the process involved in getting a new technology out of the lab and into the marketplace. 
D)  improving knowledge in an area without a primary focus on whether any discoveries that might occur are immediately marketable. 
E)  those activities that increase a company's revenues.

Question 8

________ refers to all the ways firms create value for their constituents.

Accepted Answer

A)  Marketing 
B)  Outsourcing 
C)  Processing 
D)  Production 
E)  Technology 
A)  Marketing 
B)  Outsourcing 
C)  Processing 
D)  Production 
E)  Technology

Question 9

How does poison pill strategy work?

Accepted Answer

A poison pill is a defence used to make

Question 10

Viral marketing uses word of mouth to spread information from customer to customer.

Accepted Answer

A) True 
 B)False

Question 11

What is outsourcing?

Accepted Answer

Outsourcing is a strategy of p

Question 12

R&D spending in Canada in 2010 totalled about $15 billion.

Accepted Answer

A) True 
 B)False

Question 13

Assume that Statistics Canada reports that inflation is becoming a problem.What should the government do in order to reduce inflation?

Accepted Answer

A)  Lower taxes. 
B)  Raise taxes. 
C)  Increase government spending. 
D)  Encourage consumers to increase spending. 
E)  The government should increase spending and lower taxes. 
A)  Lower taxes. 
B)  Raise taxes. 
C)  Increase government spending. 
D)  Encourage consumers to increase spending. 
E)  The government should increase spending and lower taxes.

Question 14

What is unemployment? How does low unemployment threaten economic stability?

Accepted Answer

Unemployment is the joblessness of peopl

Question 15

Traditionally,organizational boundaries were formerly clear-cut and easy to identify,but they are becoming increasingly complicated.

Accepted Answer

A) True 
 B)False

Question 16

Company-wide processes,such as materials management,production planning,order management,and financial reporting,can all be managed by enterprise resource planning.

Accepted Answer

A) True 
 B)False

Question 17

Higher interest rates tend to lead to ________ consumer and business spending,while lower interest rates tend to lead to _________spending by consumers and businesses.

Accepted Answer

A)  higher; lower 
B)  lower; lower 
C)  higher; higher 
D)  lower; higher 
E)  it is not possible to tell from the information given 
A)  higher; lower 
B)  lower; lower 
C)  higher; higher 
D)  lower; higher 
E)  it is not possible to tell from the information given

Question 18

The consumer price index (CPI)is a measure of the prices of typical products purchased by consumers.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following would be included in the gross national product of Canada?

Accepted Answer

A)  The wages paid to Peruvian workers producing coffee for a Brazilian company 
B)  The profits earned by a Canadian-owned automobile plant in Brazil 
C)  The profits earned by a Brazilian coffee company operating in Canada 
D)  The profits earned by a Brazilian coffee company operating in Peru 
E)  The wages paid to Brazilian workers producing coffee for sale in Canada 
A)  The wages paid to Peruvian workers producing coffee for a Brazilian company 
B)  The profits earned by a Canadian-owned automobile plant in Brazil 
C)  The profits earned by a Brazilian coffee company operating in Canada 
D)  The profits earned by a Brazilian coffee company operating in Peru 
E)  The wages paid to Brazilian workers producing coffee for sale in Canada

Question 20

In order to achieve full employment,government economists require that each business establish that as a goal.

Accepted Answer

A) True 
 B)False

What is outsourcing? Give an example of outsourcing.

Porter's five forces model includes all of the following except

If productivity increases,prices to consumers will tend to increase as well.

________ is a large-scale information system for organizing and managing a firm's processes across product line,departments,and geographic locations.

Which of the following statements is correct?

In 2010,the Canadian private sector accounted for about _ percent of R&D spending,while the government accounted for about _percent.

Basic research and development describes

________ refers to all the ways firms create value for their constituents.

How does poison pill strategy work?

Viral marketing uses word of mouth to spread information from customer to customer.

What is outsourcing?

R&D spending in Canada in 2010 totalled about $15 billion.

Assume that Statistics Canada reports that inflation is becoming a problem.What should the government do in order to reduce inflation?

What is unemployment? How does low unemployment threaten economic stability?

Traditionally,organizational boundaries were formerly clear-cut and easy to identify,but they are becoming increasingly complicated.

Company-wide processes,such as materials management,production planning,order management,and financial reporting,can all be managed by enterprise resource planning.

Higher interest rates tend to lead to consumer and business spending,while lower interest rates tend to lead to _spending by consumers and businesses.

The consumer price index (CPI)is a measure of the prices of typical products purchased by consumers.

Which of the following would be included in the gross national product of Canada?

In order to achieve full employment,government economists require that each business establish that as a goal.

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

What is outsourcing? Give an example of outsourcing.

Porter's five forces model includes all of the following except

If productivity increases,prices to consumers will tend to increase as well.

________ is a large-scale information system for organizing and managing a firm's processes across product line,departments,and geographic locations.

Which of the following statements is correct?

In 2010,the Canadian private sector accounted for about _____ percent of R&D spending,while the government accounted for about _____percent.

Basic research and development describes

________ refers to all the ways firms create value for their constituents.

How does poison pill strategy work?

Viral marketing uses word of mouth to spread information from customer to customer.

What is outsourcing?

R&D spending in Canada in 2010 totalled about $15 billion.

Assume that Statistics Canada reports that inflation is becoming a problem.What should the government do in order to reduce inflation?

What is unemployment? How does low unemployment threaten economic stability?

Traditionally,organizational boundaries were formerly clear-cut and easy to identify,but they are becoming increasingly complicated.

Company-wide processes,such as materials management,production planning,order management,and financial reporting,can all be managed by enterprise resource planning.

Higher interest rates tend to lead to ________ consumer and business spending,while lower interest rates tend to lead to _________spending by consumers and businesses.

The consumer price index (CPI)is a measure of the prices of typical products purchased by consumers.

Which of the following would be included in the gross national product of Canada?

In order to achieve full employment,government economists require that each business establish that as a goal.

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

In 2010,the Canadian private sector accounted for about _ percent of R&D spending,while the government accounted for about _percent.

Higher interest rates tend to lead to consumer and business spending,while lower interest rates tend to lead to _spending by consumers and businesses.