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 Which of the following is NOT considered a community stakeholder of a business? A) the public school system B) the municipal government C) the media D) local nonprofits E) neighborhood residents ANSWER Answer: C Explanation: C) For a business, the media is a distinct stakeholder group warranting different consideration from that of community […]
QUESTION Government regulators are an important stakeholder group that businesses must consider. Which of the following is NOT a government regulator? A) the city tax board B) the U.S. Environmental Protection Agency C) the local chamber of commerce D) the Occupational Safety and Health Administration E) the state Department of Commerce ANSWER Answer: C […]
QUESTION Which of the following is NOT considered an interest group stakeholder for a business? A) People for the Ethical Treatment of Animals B) Occupy Wall Street C) U.S. Chamber of Commerce D) U.S. Environmental Protection Agency E) Sierra Club ANSWER Answer: D Explanation: D) The U.S. EPA would be considered part of the […]
QUESTION Which of the following is NOT an example of e-commerce? A) Amazon.com B) iTunes C) CNN.com D) Netflix E) Travelocity.com ANSWER Answer: C Explanation: C) E-commerce is the buying and selling of products or services over computer networks. CNN.com is the website for a media outlet; it relies on advertising, so it is […]
QUESTION What is the term that describes an organization that adopts practices for the use of renewable resources and works to solve environmental and social problems? A) green business B) a stakeholder group C) e-business D) social enterprise E) global ANSWER Answer: A Explanation: A) Green businesses emphasize renewable resources and strive to solve […]
QUESTION The rise of e-commerce, green business, and telecommuting are examples of the Key Business Rule focused on which theme? A) competition B) common economy C) ethics D) social differences E) uncertainty ANSWER Answer: E Explanation: E) The growth of e-commerce, green business, and telecommuting all reflect the rule “You must deal with constant […]
QUESTION Many business sectors are impacted when a country experiences an economic recession. This factor is an instance of which part of the Key Business Rules? A) stakeholders B) uncertainty C) competitors D) social responsibility E) social differences ANSWER Answer: B Explanation: B) Numerous factors can alter economic growth; successful business managers must deal […]
QUESTION Green business addresses which theme of the Key Business Rules? A) dealing with uncertainty and change B) mastering the competitive environment C) responding to the common economy D) dealing with social differences E) acquiring personal skills ANSWER Answer: A Explanation: A) Green businesses deal with a host of environmental problems, including climate change, […]
QUESTION Glenn owns a gourmet cupcake business. After watching his employees’ work process for a week, he modified a nozzle to help them frost the cupcakes faster. The company can now produce the same amount of cupcakes in six hours instead of seven. How is Glenn mastering the competitive environment? A) by being responsive to […]
