Question 1

When unemployment is low,businesses tend to raise the wages that they are willing to pay.

Accepted Answer

A) True 
 B)False

Question 2

________ policy involves the collection and spending of government revenues,while __________ policy focuses on controlling the size of the nation's money supply.

Accepted Answer

A)  productivity; inflation 
B)  taxation policy; monetary policy 
C)  monetary policy; fiscal policy 
D)  fiscal policy; monetary policy 
E)  national debt; annual deficit 
A)  productivity; inflation 
B)  taxation policy; monetary policy 
C)  monetary policy; fiscal policy 
D)  fiscal policy; monetary policy 
E)  national debt; annual deficit

Question 3

Which of the following is correct with respect to Porter's Five Forces model?

Accepted Answer

A)  Rivalry among existing firms is the most important element in the model. 
B)  When there are many substitute products available,the industry is less competitive. 
C)  When there are only a few suppliers in an industry,buyers have less power. 
D)  When substitute products are available,suppliers have more power. 
E)  All of these statements are correct. 
A)  Rivalry among existing firms is the most important element in the model. 
B)  When there are many substitute products available,the industry is less competitive. 
C)  When there are only a few suppliers in an industry,buyers have less power. 
D)  When substitute products are available,suppliers have more power. 
E)  All of these statements are correct.

Question 4

Describe at least three disadvantages of outsourcing.

Accepted Answer

Outsourcing has a number of disadvantage

Question 5

List and describe the three factors that threaten stability.

Accepted Answer

1.Inflation-the occurrence of widespread

Question 6

Why is it important for businesses to be aware of trends in the political-legal environment?

Accepted Answer

For several reasons,it is important for

Question 7

What is R&D intensity?

Accepted Answer

R&D spending as a pe

Question 8

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

Accepted Answer

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

Question 9

In terms of organizational boundaries and environments,which is correct?

Accepted Answer

A)  Large business firms are heavily influenced by events in the external environment,but small business firms are much less influenced. 
B)  No single firm can control the environment. 
C)  Most organizations have a single environment,but some have multiple environments they must cope with. 
D)  The major elements of the external environment are marketing,finance,production,and human resources. 
E)  The most important features of the external environment are the political and social aspects. 
A)  Large business firms are heavily influenced by events in the external environment,but small business firms are much less influenced. 
B)  No single firm can control the environment. 
C)  Most organizations have a single environment,but some have multiple environments they must cope with. 
D)  The major elements of the external environment are marketing,finance,production,and human resources. 
E)  The most important features of the external environment are the political and social aspects.

Question 10

Ethical conduct and social responsibility are critical elements of which environment?

Accepted Answer

A)  Global 
B)  Political-legal 
C)  Industry 
D)  Socio-cultural 
E)  Economic 
A)  Global 
B)  Political-legal 
C)  Industry 
D)  Socio-cultural 
E)  Economic

Question 11

When one company sells part of its existing business operations to another company,this is called

Accepted Answer

A)  outsourcing. 
B)  intense competition. 
C)  a spinoff. 
D)  a divestiture. 
E)  a strategic alliance. 
A)  outsourcing. 
B)  intense competition. 
C)  a spinoff. 
D)  a divestiture. 
E)  a strategic alliance.

Question 12

What are three factors that threaten stability?

Accepted Answer

A)  Purchasing power parity,productivity,and inflation 
B)  Productivity,inflation,and deflation 
C)  Purchasing power parity,inflation,and deflation 
D)  Inflation,deflation,and unemployment 
E)  Productivity,unemployment,and inflation 
A)  Purchasing power parity,productivity,and inflation 
B)  Productivity,inflation,and deflation 
C)  Purchasing power parity,inflation,and deflation 
D)  Inflation,deflation,and unemployment 
E)  Productivity,unemployment,and inflation

Question 13

The majority of companies that have adopted ESOPs have experienced improvement in both sales and profits.

Accepted Answer

A) True 
 B)False

Question 14

What is the national debt?

Accepted Answer

The national debt is

Question 15

What are the pros and cons of prolonged economic stability?

Accepted Answer

pros: balance,wages constant,l

Question 16

When Agricore and United Grain Growers merged to form Agricore United,this was an example of a vertical merger.

Accepted Answer

A) True 
 B)False

Question 17

The external environment has a limited impact on the success or failure of most organizations.

Accepted Answer

A) True 
 B)False

Question 18

The purchasing power parity idea gives us a better sense of the standards of living across the globe.

Accepted Answer

A) True 
 B)False

Question 19

When Adolph Coors Co.merged with Molson Inc.,this was an example of a horizontal merger.

Accepted Answer

A) True 
 B)False

Question 20

Sales had been low at Stephen's Home Office Supplies for several months,but then business starting picking up again.Stephen's business probably went through which two phases of the business cycle?

Accepted Answer

A)  Recession and trough 
B)  Peak and recession 
C)  Trough and recovery 
D)  Recovery and peak 
E)  Any of these answers could be correct 
A)  Recession and trough 
B)  Peak and recession 
C)  Trough and recovery 
D)  Recovery and peak 
E)  Any of these answers could be correct

When unemployment is low,businesses tend to raise the wages that they are willing to pay.

policy involves the collection and spending of government revenues,while __ policy focuses on controlling the size of the nation's money supply.

Which of the following is correct with respect to Porter's Five Forces model?

Describe at least three disadvantages of outsourcing.

List and describe the three factors that threaten stability.

Why is it important for businesses to be aware of trends in the political-legal environment?

What is R&D intensity?

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

In terms of organizational boundaries and environments,which is correct?

Ethical conduct and social responsibility are critical elements of which environment?

When one company sells part of its existing business operations to another company,this is called

What are three factors that threaten stability?

The majority of companies that have adopted ESOPs have experienced improvement in both sales and profits.

What is the national debt?

What are the pros and cons of prolonged economic stability?

When Agricore and United Grain Growers merged to form Agricore United,this was an example of a vertical merger.

The external environment has a limited impact on the success or failure of most organizations.

The purchasing power parity idea gives us a better sense of the standards of living across the globe.

When Adolph Coors Co.merged with Molson Inc.,this was an example of a horizontal merger.

Sales had been low at Stephen's Home Office Supplies for several months,but then business starting picking up again.Stephen's business probably went through which two phases of the 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

When unemployment is low,businesses tend to raise the wages that they are willing to pay.

________ policy involves the collection and spending of government revenues,while __________ policy focuses on controlling the size of the nation's money supply.

Which of the following is correct with respect to Porter's Five Forces model?

Describe at least three disadvantages of outsourcing.

List and describe the three factors that threaten stability.

Why is it important for businesses to be aware of trends in the political-legal environment?

What is R&D intensity?

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

In terms of organizational boundaries and environments,which is correct?

Ethical conduct and social responsibility are critical elements of which environment?

When one company sells part of its existing business operations to another company,this is called

What are three factors that threaten stability?

The majority of companies that have adopted ESOPs have experienced improvement in both sales and profits.

What is the national debt?

What are the pros and cons of prolonged economic stability?

When Agricore and United Grain Growers merged to form Agricore United,this was an example of a vertical merger.

The external environment has a limited impact on the success or failure of most organizations.

The purchasing power parity idea gives us a better sense of the standards of living across the globe.

When Adolph Coors Co.merged with Molson Inc.,this was an example of a horizontal merger.

Sales had been low at Stephen's Home Office Supplies for several months,but then business starting picking up again.Stephen's business probably went through which two phases of the 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

policy involves the collection and spending of government revenues,while __ policy focuses on controlling the size of the nation's money supply.