Question 1

Which of the following is an advantage of utilizing technology?

Accepted Answer

A)   Technology increases the cost of production.
B)   Technology reduces the need for a marketing plan.
C)   Productivity increases.
D)   Management becomes isolated from the demands of stakeholders.E) A) and B)
F) None of the above

Question 2

Globalization:

Accepted Answer

A)   has greatly improved living standards around the world.
B)   has significantly reduced living standards around the world.
C)   has opened doors to only a handful of markets.
D)   has greatly changed companies that hire people to sell products, but not for companies that hire people to provide services.E) All of the above
F) None of the above

Question 3

Companies that sell goods to consumers over the Internet are engaging in:

Accepted Answer

A)   B2C transactions.
B)   IOU transactions.
C)   B2B transactions.
D)   Y2K transactions.E) C) and D)
F) B) and D)

Question 4

World-class businesses attempt to meet the needs of:

Accepted Answer

A)   their customers, even if it comes at the expense of employees and other stakeholders in the business.
B)   their employees, even if it means shortchanging customers by charging higher prices.
C)   all of their stakeholders.
D)   exclusively their owners, since they are ultimately the ones who pay the bills.E) B) and C)
F) A) and B)

Question 5

The threat of terrorism increases the costs of operating most businesses.

Accepted Answer

A) True 
 B)False

Question 6

The number of U.S. jobs in manufacturing has increased in the past five years.

Accepted Answer

A) True 
 B)False

Question 7

An electronic storage file where firms keep customer information is known as a(n)  __________.

Accepted Answer

A)   MP3 file
B)   management information system
C)   database
D)   e-mail serverE) None of the above
F) B) and D)

Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment

Globalization:

Correct Answer
verified

Companies that sell goods to consumers over the Internet are engaging in:

Correct Answer
verified

Which of the following is an advantage of utilizing technology?

Correct Answer
verified

The threat of terrorism increases the costs of operating most businesses.

Correct Answer
verified

World-class businesses attempt to meet the needs of:

Correct Answer
verified

The number of U.S. jobs in manufacturing has increased in the past five years.

Correct Answer
verified

An electronic storage file where firms keep customer information is known as a(n) __________.

Correct Answer
verified

Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment

Globalization:

Correct AnswerverifiedShow Answer

Companies that sell goods to consumers over the Internet are engaging in:

Correct AnswerverifiedShow Answer

Which of the following is an advantage of utilizing technology?

Correct AnswerverifiedShow Answer

The threat of terrorism increases the costs of operating most businesses.

Correct AnswerverifiedShow Answer

World-class businesses attempt to meet the needs of:

Correct AnswerverifiedShow Answer

The number of U.S. jobs in manufacturing has increased in the past five years.

Correct AnswerverifiedShow Answer

An electronic storage file where firms keep customer information is known as a(n) __________.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified