Question 1

Which of the following is a management challenge associated with broad age diversity?

Accepted Answer

A) The uniformity in expectations of work 
B) The need to accommodate a variety of work lifestyles 
C) The decreasing need for advanced skills 
D) The increasing reliance on older individuals 
A) The uniformity in expectations of work 
B) The need to accommodate a variety of work lifestyles 
C) The decreasing need for advanced skills 
D) The increasing reliance on older individuals

Question 2

A strategic alliance is a partnership formed to create a competitive advantage for the businesses involved.

Accepted Answer

A) True 
 B)False

Question 3

Outsourcing is the use of outside vendors to produce goods or fulfill services and functions that were previously handled in-house or in-country.

Accepted Answer

A) True 
 B)False

Question 4

Plum Creek Timber,a northwest lumber company,utilizes _____ as its primary production factor.

Accepted Answer

A) human resources 
B) entrepreneurship 
C) capital 
D) natural resources 
A) human resources 
B) entrepreneurship 
C) capital 
D) natural resources

Question 5

Capital usually includes entrepreneurs and human resources.

Accepted Answer

A) True 
 B)False

Question 6

Not-for-profit organizations are commonly exempt from federal,state,and local taxes.

Accepted Answer

A) True 
 B)False

Question 7

Explain the business approach used in the relationship era.

Accepted Answer

In the relationship era,businesses are t

Question 8

All of the following are typically part of the not-for-profit sector EXCEPT _____.

Accepted Answer

A) labor unions 
B) religious organizations 
C) hotels 
D) museums 
A) labor unions 
B) religious organizations 
C) hotels 
D) museums

Question 9

Even with advances in management and communications,manufacturing still accounts for most of the annual output in the United States.

Accepted Answer

A) True 
 B)False

Question 10

List the seven eras of business history.Name and describe the era used by businesses today.

Accepted Answer

The seven eras are the Colonial period,t

Question 11

Complete the following using these terms.
-A company that contracts with another business to perform functions previously handled by internal staff is participating in _____.

Accepted Answer

A) outsourcing 
B) Diversity 
C) entrepreneur 
D) Competitive differentiation 
E) strategic alliance
F)Capital
G)vision
H)factors of production
I)brand
J)Relationship management
K)Not-for-profit organizations
L)Business ethics 
A) outsourcing 
B) Diversity 
C) entrepreneur 
D) Competitive differentiation 
E) strategic alliance
F)Capital
G)vision
H)factors of production
I)brand
J)Relationship management
K)Not-for-profit organizations
L)Business ethics

Question 12

In accounting terms,profits are _____.

Accepted Answer

A) the difference between revenues and expenses 
B) the sum of commissions earned and receipts 
C) the difference between sales and expenses 
D) the sum of sales and expenses 
A) the difference between revenues and expenses 
B) the sum of commissions earned and receipts 
C) the difference between sales and expenses 
D) the sum of sales and expenses

Question 13

When customers enter a supermarket and select their favorite brand of laundry detergent,they are exercising their right to freedom of choice.

Accepted Answer

A) True 
 B)False

Question 14

Concentrating on building and promoting products in hopes that enough customers will buy them in order to cover costs and earn acceptable profits is called _____.

Accepted Answer

A) relationship management 
B) marketing management 
C) decoy effect 
D) transaction management 
A) relationship management 
B) marketing management 
C) decoy effect 
D) transaction management

Question 15

Technology has revolutionized business communications.

Accepted Answer

A) True 
 B)False

Question 16

The private enterprise system encourages government intervention.

Accepted Answer

A) True 
 B)False

Question 17

What are some examples of external and internal forces that would require a manager to lead organizational change?

Accepted Answer

External forces might include feedback f

Question 18

Complete the following using these terms.
-_____ involves blending individuals of different genders,ethnic backgrounds,cultures,religions,ages,and physical and mental abilities in order to enhance a firm's chances of success.

Accepted Answer

A) outsourcing 
B) Diversity 
C) entrepreneur 
D) Competitive differentiation 
E) strategic alliance
F)Capital
G)vision
H)factors of production
I)brand
J)Relationship management
K)Not-for-profit organizations
L)Business ethics 
A) outsourcing 
B) Diversity 
C) entrepreneur 
D) Competitive differentiation 
E) strategic alliance
F)Capital
G)vision
H)factors of production
I)brand
J)Relationship management
K)Not-for-profit organizations
L)Business ethics

Question 19

_____ is the ability to perceive marketplace needs and what an organization must do to satisfy these needs.

Accepted Answer

A) Critical thinking 
B) Social responsibility 
C) Vision 
D) Creativity 
A) Critical thinking 
B) Social responsibility 
C) Vision 
D) Creativity

Question 20

Alejandro is seeking to revitalize his graphic design company with new innovations and has called for a brainstorming meeting with his top designers.Alejandro is _____.

Accepted Answer

A) enacting his company's vision 
B) improving his productivity 
C) thinking critically 
D) utilizing his creativity 
A) enacting his company's vision 
B) improving his productivity 
C) thinking critically 
D) utilizing his creativity

Which of the following is a management challenge associated with broad age diversity?

A strategic alliance is a partnership formed to create a competitive advantage for the businesses involved.

Outsourcing is the use of outside vendors to produce goods or fulfill services and functions that were previously handled in-house or in-country.

Plum Creek Timber,a northwest lumber company,utilizes _____ as its primary production factor.

Capital usually includes entrepreneurs and human resources.

Not-for-profit organizations are commonly exempt from federal,state,and local taxes.

Explain the business approach used in the relationship era.

All of the following are typically part of the not-for-profit sector EXCEPT _____.

Even with advances in management and communications,manufacturing still accounts for most of the annual output in the United States.

List the seven eras of business history.Name and describe the era used by businesses today.

Complete the following using these terms. -A company that contracts with another business to perform functions previously handled by internal staff is participating in _____.

In accounting terms,profits are _____.

When customers enter a supermarket and select their favorite brand of laundry detergent,they are exercising their right to freedom of choice.

Concentrating on building and promoting products in hopes that enough customers will buy them in order to cover costs and earn acceptable profits is called _____.

Technology has revolutionized business communications.

The private enterprise system encourages government intervention.

What are some examples of external and internal forces that would require a manager to lead organizational change?

Complete the following using these terms. -_____ involves blending individuals of different genders,ethnic backgrounds,cultures,religions,ages,and physical and mental abilities in order to enhance a firm's chances of success.

_____ is the ability to perceive marketplace needs and what an organization must do to satisfy these needs.

Alejandro is seeking to revitalize his graphic design company with new innovations and has called for a brainstorming meeting with his top designers.Alejandro is _____.

Business Ethics and Social Responsibility

Economic Challenges Facing Todays Business

Competing in World Markets

Forms of Business Ownership and Organization

Starting Your Own Business: the Entrepreneurship Alternative

Management,leadership,and the Internal Organization

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment, teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Trends in E-Commerce

Filters

Exam 1: The Changing Face of Business

Which of the following is a management challenge associated with broad age diversity?

A strategic alliance is a partnership formed to create a competitive advantage for the businesses involved.

Outsourcing is the use of outside vendors to produce goods or fulfill services and functions that were previously handled in-house or in-country.

Plum Creek Timber,a northwest lumber company,utilizes _____ as its primary production factor.

Capital usually includes entrepreneurs and human resources.

Not-for-profit organizations are commonly exempt from federal,state,and local taxes.

Explain the business approach used in the relationship era.

All of the following are typically part of the not-for-profit sector EXCEPT _____.

Even with advances in management and communications,manufacturing still accounts for most of the annual output in the United States.

List the seven eras of business history.Name and describe the era used by businesses today.

Complete the following using these terms. -A company that contracts with another business to perform functions previously handled by internal staff is participating in _____.

In accounting terms,profits are _____.

When customers enter a supermarket and select their favorite brand of laundry detergent,they are exercising their right to freedom of choice.

Concentrating on building and promoting products in hopes that enough customers will buy them in order to cover costs and earn acceptable profits is called _____.

Technology has revolutionized business communications.

The private enterprise system encourages government intervention.

What are some examples of external and internal forces that would require a manager to lead organizational change?

Complete the following using these terms. -_____ involves blending individuals of different genders,ethnic backgrounds,cultures,religions,ages,and physical and mental abilities in order to enhance a firm's chances of success.

_____ is the ability to perceive marketplace needs and what an organization must do to satisfy these needs.

Alejandro is seeking to revitalize his graphic design company with new innovations and has called for a brainstorming meeting with his top designers.Alejandro is _____.

Business Ethics and Social Responsibility

Economic Challenges Facing Todays Business

Competing in World Markets

Forms of Business Ownership and Organization

Starting Your Own Business: the Entrepreneurship Alternative

Management,leadership,and the Internal Organization

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment, teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Trends in E-Commerce

Filters