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 […]
QUESTION In a bureaucratic organization, workers perform highly specialized jobs. Indicate whether the statement is true or false ANSWER TRUE
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
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 […]
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 […]
QUESTION In a bureaucratic organization, the structure has no apparent hierarchy. Indicate whether the statement is true or false ANSWER FALSE
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
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
QUESTION What is sustainability and how does it keep companies competitive? What will be an ideal response? ANSWER Sustainability is the capacity for an organization to create profit for its shareholders today, while making sure that its business interests are in the best interests of the environment, and stakeholders of the future. Sustainable businesses […]
QUESTION The fourth decision making step is ________. a. rank the alternatives b. identify the goal(s) to be achieved and the decision to be made c. list alternatives d. isolate the facts ANSWER a
