Question 1

The legal-political conditions in the global business environment are uniform across all countries.

Accepted Answer

A) True 
 B)False

Question 2

A sustainable business both meets the needs of customers and protects the natural environment for future generations.

Accepted Answer

A) True 
 B)False

Question 3

The initial step of assessing in the innovation process involves commercializing innovation by turning it into actual products, services, or processes that increase profits by improving sales or lowering costs.

Accepted Answer

A) True 
 B)False

Question 4

A group of employees of Smithson Inc., a software firm, were analyzing the practicality and feasibility of a software program by releasing a few samples of the program on the Internet for a month. Which of the following steps of the innovation process were the employees engaging themselves in?

Accepted Answer

A)  Imagining 
B)  Experimenting 
C)  Assessing 
D)  Designing 
E)  Scaling

Question 5

Footlore Inc. introduced a sophisticated new range of shoes that prevents any type of injury to the wearer's feet. This is an example of a:

Accepted Answer

A)  process innovation. 
B)  product innovation. 
C)  business model innovation. 
D)  social business innovation. 
E)  paradigm innovation.

Question 6

Fredrick comes up with an innovative range of watches. He has built a prototype and has given it to his friends for checking its feasibility and examining its practical use. According to the Hamel's 'wheel of innovation', which of the following step has Fredrick undertaken?

Accepted Answer

A)  Assessment 
B)  Scaling 
C)  Imagining 
D)  Experimenting 
E)  Designing

Question 7

Sustainable development uses environmental resources to support ____ needs today while also preserving and protecting them for future generations.

Accepted Answer

The answer of Sustainable development uses environmental resources to support...

Question 8

Which of the following examples illustrates a firm that has achieved competitive advantage through technology?

Accepted Answer

A)  A firm that has the leanest production processes 
B)  A firm that focuses on producing zero defect products 
C)  A firm that relies on experts to develop a product 
D)  A firm that reduces its advertising and promotional costs 
E)  A firm that caters to only a selected few customer needs

Question 9

Crayons Inc., a media corporation headquartered in California, has its operations across different nations. The activities of the firm are affected by the government policies and the ideologies of the legislative institutions existing in the host countries. Which of the following factors are affecting the firm's operations?

Accepted Answer

A)  Economic conditions 
B)  Sociocultural conditions 
C)  Legal-political conditions 
D)  Technological conditions 
E)  Natural environment conditions

Question 10

Eureka Electronics Inc. offers computer programs and software programs including software drivers and plug-ins that can be self-installed easily. The firm's introduction of programs that can be self-installed is an example of _____ innovation.

Accepted Answer

A)  product 
B)  process 
C)  business model 
D)  reverse 
E)  social business

Question 11

Internet censorship is the deliberate blockage and denial of public access to information posted on the Internet.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following would qualify as one of the main goals of a sustainable business?

Accepted Answer

A)  Carbon reduction 
B)  Profit maximization 
C)  Global warming 
D)  Scaling 
E)  Greenhouse effect

Question 13

Celluloid Inc., a photography firm, entered into other activities such as cinematography, advertisement creations, and short-film making, to make more money for the firm. This implies that Celluloid Inc. had engaged in a _____ innovation.

Accepted Answer

A)  product 
B)  process 
C)  business model 
D)  reverse 
E)  pricing

Question 14

The supply of natural resources which sustain life and produce goods and services for society is referred to as _____.

Accepted Answer

A)  global warming 
B)  environmental capital 
C)  green innovation 
D)  triple bottom line 
E)  greenhouse effect

Question 15

Techni Asset, a software corporation based in the United States, used to operate from several countries with lower labor costs. When the firm started to incur high costs of production in the foreign countries and received complaints and criticisms about the loss of local jobs, the firm decided to return to its home country. This change made to the firm's global strategy is an example of _____.

Accepted Answer

A)  offshoring 
B)  outsourcing 
C)  nationalization 
D)  privatization 
E)  reshoring

Question 16

The executives of Dunes Inc. pay equal attention toward maximizing profits of the firm, maintaining the well-being of its employees, satisfying its customers, and preserving the environment. This indicates that Dunes Inc. uses the triple bottom line approach.

Accepted Answer

A) True 
 B)False

Question 17

_____ environment consists of economic, legal-political, sociocultural, technological, and natural environment conditions.

Accepted Answer

A)  Specific 
B)  Task 
C)  General 
D)  Stakeholder 
E)  Customer

Question 18

____ is the movement of jobs from foreign locations back to domestic ones.

Accepted Answer

The answer of ____ is the movement of jobs from...

Question 19

Vane has the ability to multitask and maintain continuous contact with others. She believes in receiving immediate gratification. This implies that Vane is most likely a _____.

Accepted Answer

A)  digital immigrant 
B)  digital native 
C)  generational cohort 
D)  reputation manager 
E)  green job candidate

Question 20

Previous generations are "digital natives" who grew up in technology-enriched homes, schools, and friendship environments.

Accepted Answer

A) True 
 B)False

Exam 4: Environment, Technology, and Sustainability

The legal-political conditions in the global business environment are uniform across all countries.

A sustainable business both meets the needs of customers and protects the natural environment for future generations.

The initial step of assessing in the innovation process involves commercializing innovation by turning it into actual products, services, or processes that increase profits by improving sales or lowering costs.

A group of employees of Smithson Inc., a software firm, were analyzing the practicality and feasibility of a software program by releasing a few samples of the program on the Internet for a month. Which of the following steps of the innovation process were the employees engaging themselves in?

Footlore Inc. introduced a sophisticated new range of shoes that prevents any type of injury to the wearer's feet. This is an example of a:

Fredrick comes up with an innovative range of watches. He has built a prototype and has given it to his friends for checking its feasibility and examining its practical use. According to the Hamel's 'wheel of innovation', which of the following step has Fredrick undertaken?

Sustainable development uses environmental resources to support ____ needs today while also preserving and protecting them for future generations.

Which of the following examples illustrates a firm that has achieved competitive advantage through technology?

Eureka Electronics Inc. offers computer programs and software programs including software drivers and plug-ins that can be self-installed easily. The firm's introduction of programs that can be self-installed is an example of _____ innovation.

Internet censorship is the deliberate blockage and denial of public access to information posted on the Internet.

Which of the following would qualify as one of the main goals of a sustainable business?

Celluloid Inc., a photography firm, entered into other activities such as cinematography, advertisement creations, and short-film making, to make more money for the firm. This implies that Celluloid Inc. had engaged in a _____ innovation.

The supply of natural resources which sustain life and produce goods and services for society is referred to as _____.

The executives of Dunes Inc. pay equal attention toward maximizing profits of the firm, maintaining the well-being of its employees, satisfying its customers, and preserving the environment. This indicates that Dunes Inc. uses the triple bottom line approach.

_____ environment consists of economic, legal-political, sociocultural, technological, and natural environment conditions.

____ is the movement of jobs from foreign locations back to domestic ones.

Vane has the ability to multitask and maintain continuous contact with others. She believes in receiving immediate gratification. This implies that Vane is most likely a _____.

Previous generations are "digital natives" who grew up in technology-enriched homes, schools, and friendship environments.