QUESTION Martinet’s CEO thinks that the company has good reason to outsource some of its processes to Latin America. Which of the following, if true, strengthens the CEO’s argument? A) Many Latin American countries have strained relations with the United States. B) Shipping costs to and from Latin America are high. C) Labor in Latin […]
QUESTION Hugh’s position rests on which of the following assumptions? A) The free-market system is not the most economically desirable one. B) Consumers care more about environmental responsibility than getting what they want. C) Businesses are the only entities that can provide environmental benefits. D) The free market provides no natural inducements for businesses to […]
QUESTION Which of the following is NOT considered an example of social differences that a successful business must address? A) expanded use of technology B) increased cultural diversity C) growth in college attendance D) declining importance of religion E) increased acceptance of gays and lesbians ANSWER Answer: A Explanation: A) The widespread use of […]
QUESTION Mariko’s position rests on which of the following assumptions? A) Competition between businesses leads to consumers getting what they want. B) The free market is the only way that businesses can be socially conscious. C) Consumers only get quality-of-life enhancement from products and services. D) Most businesses do not care whether they enhance quality […]
QUESTION Which Key Business Rule directly addresses both individuals and the organization? A) Rule 1: You must meet the needs of stakeholders. B) Rule 3: You must master the competitive environment. C) Rule 4 : You must deal with an interdependent global economic system. D) Rule 5 : You must be ethically and socially responsible. […]
QUESTION Which of the following, if true, would strengthen Hugh’s position? A) Consumers benefit from free competition between businesses. B) Businesses that pursue environmental responsibility tend to prosper more. C) Individual citizens are becoming increasingly aware of the need for environmental responsibility. D) Most businesses exist for the primary goal of making profits. E) Businesses […]
QUESTION Which term reflects the leveling of opportunity for established and emerging economies? A) outsourcing B) globalization C) offshoring D) competitive advantage E) social diversity ANSWER Answer: B Explanation: B) Globalization is the trend of the world’s economies becoming more interdependent. This has made the playing fields more level between companies in different locales.
QUESTION Which of the following, if true, would strengthen Mariko’s position? A) Most countries either already have or are moving toward free-market economies. B) Consumers do not always know exactly what they want. C) The quality of life is much lower in countries that have little or no free-market economy. D) Businesses in a free […]
QUESTION Iraq’s burning of the oil wells in Kuwait during the 1991 Gulf War is an example of what kinds of forces impacting what factor of production? What will be an ideal response? ANSWER Answer: global forces impacting natural resources Explanation: The war is an example of global forces affecting the business environment. Burning […]
QUESTION Which of the following, if true, best supports the argument that Parallel Beauty Salon should expand its hours as well as include a snack bar and a childcare service for its customers? A) A recent survey of the salon’s current customers, as well as other area residents, reveals that the town’s demographics include a […]
