QUESTION What resource provides management support services to start-up businesses, including shared office space and administrative services? a. business incubators b. SCORE c. Small Business Administration d. U.S. Chamber of Commerce Small Business Center ANSWER a
Date: September 3rd, 2020
QUESTION How are corporate social responsibility and business ethics related? What will be an ideal response? ANSWER Business ethics affect individual behavior in the workplace. Corporate social responsibility is a related concept, but it refers to the overall way in which a business attempts to balance its commitments to relevant groups and individuals in […]
Date: September 3rd, 2020
QUESTION Justin is planning on starting his own automation company. He was referred to an organization that provides support services, such as networking, financing, and administrative support. This organization is ________. a. the Service Corp of Retired Engineers b. the U.S. Chamber of Commerce Small Business Center c. a business incubator d. the Entrepreneurs Organization […]
Date: September 3rd, 2020
QUESTION In a bureaucratic organization, workers perform highly specialized jobs. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Using Web 2.0 has made it easier for companies to gather valuable feedback from their customers very inexpensively. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION In the business world, the term operations refers to everything that is involved in the physical process of making a particular good, delivering a service, or creating an experience or transformation, starting with raw materials and moving all the way to a finished product. Indicate whether the statement is true or false ANSWER […]
Date: September 3rd, 2020
QUESTION How do companies compete in a capitalistic economy? What will be an ideal response? ANSWER In a capitalistic economy, the means to produce goods and services are owned by private interests. People choose what they buy and what they sell; therefore, the free market determines what types of goods and services are produced […]
Date: September 3rd, 2020
QUESTION In a bureaucratic organization, the structure has no apparent hierarchy. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Social programs and charitable donations made by businesses that have a tangible impact on people’s lives are referred to as _________________________. Fill in the blank(s) with correct word ANSWER corporate philanthropy
Date: September 3rd, 2020
QUESTION Efficiently planning, organizing, directing, and controlling all of the processes that are involved in creating a particular product is known as operations control. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
