POB Test 3

A business philanthropic responsibility involves its contributions to

charity.

One reason that some U.S. businesses have moved some of their operations to foreign countries is to

lower their labor costs.

A business that fails to protect its employees from unnecessary risk or health hazards on the job may be sued for:

negligence

When meeting with businesspeople from other countries, it is important to understand social differences, such as bowing, handshaking, and spatial comfort, which are often called

non-verbal cues

Government can prevent unqualified persons from operating a business by

refusing to grant them a license.

An advantage for a business filing Chapter 11 bankruptcy is that the process allows the business to:

reorganize

Which of the following is an environmental factor that affects the performance of businesses that market products on a global level:

Political Risk

Which of the following is a reason that a U.S. company would decide to offer its products in other countries:

To expand to new, untapped markets

Which software application would be most effective for a wholesaler to track its customers geographically:

Database

Why does the government set and collect taxes?

To help pay the expenses of government

Online chats, forums, and communities that enable businesses to learn about the wants and needs worldwide target market have created a new form of

social relationships

Which of the following is a situation that might make businesspeople from other countries feel uncomfortable and impact their ability to conduct business

standing very close to others during conversation

A nation that exports more than it imports maintains a

trade surplus

Which of the following is a benefit of international trade:

An improved standard of living

Which of the following is a factor that would encourage businesses to start a business at a particular location:

Easy access to natural resources

Companies that operate at the international level should be aware of political factors that affect trade, such as civil unrest or

Embargoes

Which of the following factors affecting the business environment is represented by the business's location

Environmental

Which of the following would be done first in an environmental scan:

Identifying participants and responsibilities

Which of the following is the best action for businesses to take in order to adapt to changing markets

Implement innovative strategies and ideas

The type of property is a business protecting when it registers its trademark is-

Intellectual property

Which of the following is a public good that is provided by the government:

Interstate highways

Which of the following is an example of a demographic trend:

The aging of the population

Which of the following examples illustrates how environmental factors are interrelated:

The economy affects what competitions are doing

Which of the following situations would most likely indicate the need to adapt to changes in the business environment

The supply of materials used in manufacturing a product has decreased

The U.S. produces widgets faster and cheaper than Switzerland. In this example, the U.S. has a(n) __________ advantage.

absolute

A country with a weak currency value tends to

decrease its imports and increase its exports.

An American businessperson in London was offered a "cuppa" by the company's receptionist. The businessperson did not know that the receptionist was offering a cup of tea. This is an example of

A language barrier

Businesses that successfully adapt to current market situations often realize that

Change is an opportunity

To maintain its current customer base and attract new markets, the KMV Company lowered the prices of some of its products. What external factor most likely influenced this action

Changes in consumer spending

The law that requires businesses to hire, train, transfer, and promote employees without regard to race, color, gender, religion, or national origin is the __________ Act

Civil Rights

Which of the following factors affects society's basic values and behaviors that influence their buying decisions

Cultural

Which of the following government actions is most likely to stimulate the economy:

Lowering tax rates

One internal factor that affects the business environment is

Management style

Which of the following will foster a business's ability to adapt to changing markets

Proactive management

Which of the following is an example of nonverbal communication that might have a different meaning to business people in other parts of the world

Shaking hand when greeting a customer

An important factor that has a significant effect on the general business environment is

Technology

Which of the following factors has aided the most in creating a global business environment:

Technology

What is the government doing when it buys wheat to keep the price high enough for farmers to make a profit?

Using price supports

One reason an existing business might develop a company web site is to-

create a new revenue source

A business suddenly moves its operations to a new town, leaving its current employees jobless. Its reason for taking this action, which some consider unethical, might be that the action

is not illegal.

Computer database programs make it easier for businesses to manage-

large amounts of related data

One way that technological innovation has changed business is by decreasing the use of-

paper forms

A main reason that environmental scanning is important is so that businesses can be aware of

potential threats.

One reason why the federal government awards patents to businesses that have invented new products or manufacturing processes is-

to encourage research

Why should a business practice good ethics?

An ethical business contributes toward its own success.

Which of the following is a true statement about business ethics and the law:

The two are not the same thing, but they do overlap.

A business should conduct environmental scans on a continuous basis so that it can

respond to opportunities and threats quickly.

Which of the following is an example of increased financial risk for a company with poor business ethics:

Decreased company value

Which of the following is an example of a business using technology to improve the efficiency of its salespeople:

Providing laptop computers

Levels of inflation and unemployment are factors that affect __________ in the world market.

competition