Question 1

Which of the following is NOT an example of an internal force that requires organizational change?

Accepted Answer

A) Labor union demands 
B) Production problems 
C) New technologies 
D) New company goals 
A) Labor union demands 
B) Production problems 
C) New technologies 
D) New company goals

Question 2

What is profit? Do you agree with the statement,"The success of a business is measured only by the profit it earns"? Explain your answer.

Accepted Answer

Profit is the financial reward received

Question 3

Entrepreneurship is synonymous with "risk-taking."

Accepted Answer

A) True 
 B)False

Question 4

Which of the following BEST distinguishes the philosophy of the marketing era from the philosophy of the production era?

Accepted Answer

A) The marketing era was more consumer oriented. 
B) The production era occurred after World War II. 
C) The marketing era advocated price discrimination. 
D) The production era was more consumer oriented. 
A) The marketing era was more consumer oriented. 
B) The production era occurred after World War II. 
C) The marketing era advocated price discrimination. 
D) The production era was more consumer oriented.

Question 5

The concept of branding first emerged during the _____.

Accepted Answer

A) production era 
B) relationship era 
C) age of the industrial entrepreneur 
D) marketing era 
A) production era 
B) relationship era 
C) age of the industrial entrepreneur 
D) marketing era

Question 6

Complete the following using these terms.
-The ability to perceive future marketplace needs and what an organization can do to satisfy them is referred to as _____.

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 7

Tarek,a former middle manager from Alexander Manufacturing,owns and operates a Subway franchise.Tarek is demonstrating _____.

Accepted Answer

A) social responsibility 
B) socialism 
C) entrepreneurship 
D) pure competition 
A) social responsibility 
B) socialism 
C) entrepreneurship 
D) pure competition

Question 8

Relationship management refers to ongoing,mutually beneficial ties between an organization and its customers.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is necessary in the current business workforce trend?

Accepted Answer

A) Awareness that businesses are moving toward traditional management practices 
B) Increased reliance on employees' intellectual capabilities 
C) Increased reliance on natural resources and physical inputs 
D) Transition from focus on production to creating a brand 
A) Awareness that businesses are moving toward traditional management practices 
B) Increased reliance on employees' intellectual capabilities 
C) Increased reliance on natural resources and physical inputs 
D) Transition from focus on production to creating a brand

Question 10

The Nike swoosh is an example of a brand.

Accepted Answer

A) True 
 B)False

Which of the following is NOT an example of an internal force that requires organizational change?

What is profit? Do you agree with the statement,"The success of a business is measured only by the profit it earns"? Explain your answer.

Entrepreneurship is synonymous with "risk-taking."

Which of the following BEST distinguishes the philosophy of the marketing era from the philosophy of the production era?

The concept of branding first emerged during the _____.

Complete the following using these terms. -The ability to perceive future marketplace needs and what an organization can do to satisfy them is referred to as _____.

Tarek,a former middle manager from Alexander Manufacturing,owns and operates a Subway franchise.Tarek is demonstrating _____.

Relationship management refers to ongoing,mutually beneficial ties between an organization and its customers.

Which of the following is necessary in the current business workforce trend?

The Nike swoosh is an example of a brand.

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 NOT an example of an internal force that requires organizational change?

What is profit? Do you agree with the statement,"The success of a business is measured only by the profit it earns"? Explain your answer.

Entrepreneurship is synonymous with "risk-taking."

Which of the following BEST distinguishes the philosophy of the marketing era from the philosophy of the production era?

The concept of branding first emerged during the _____.

Complete the following using these terms. -The ability to perceive future marketplace needs and what an organization can do to satisfy them is referred to as _____.

Tarek,a former middle manager from Alexander Manufacturing,owns and operates a Subway franchise.Tarek is demonstrating _____.

Relationship management refers to ongoing,mutually beneficial ties between an organization and its customers.

Which of the following is necessary in the current business workforce trend?

The Nike swoosh is an example of a brand.

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