quiz 3b

Which of the following examples illustrates how environmental factors are dynamic: Demographics influence social and cultural attitudes. High interest rates will eventually get lower. The government provides subsidies to agricultural businesses. The economy impacts government policies.

high interest rates will eventually get lower

Which of the following would be done first in an environmental scan: Select trends and issues to act on Identify participants and responsibilities Carry out scanning activities Identify and analyze important trends and issues

identify participants and responsibilities

Which of the following is a factor that relates to the government category of an environmental scan: Import/Export regulations Religious affiliation Stage of the business cycle Advances in technology

import/export regulations

Which of the following government actions is most likely to stimulate the economy: Lowering tax rates Raising the prime interest rate Borrowing more money Printing less money

lowering tax rates

The goals of government are to protect the rights of individuals and businesses and to provide a stable environment, but the main goal of business is to provide a safe working environment. provide the best products. save the environment. make a profit.

make a profit

Which of the following is a tool that can be used to carry out scanning activities: Personnel records Market research studies Manufacturing equipment Budgeting software

market research studies

When government sets safety standards for the workplace, it is attempting to modernize working environments. control business. prohibit excess standards. minimize risks to employees.

minimize risks to employees

One way in which government protects private property is to provide fire insurance policies. local governmental programs. patents or copyrights. Federal Reserve Banks.

patents or copyrights

One of the reasons that has caused government's role in business to expand is that products have become very technical. costs of production have continued to increase. people's attitudes have changed. competition in the marketplace has increased.

peoples attitudes have changed

A main reason that environmental scanning is important is so that businesses can be aware of new products. competitors' internal environments. foreign markets. potential threats.

potential threats

Government can prevent unqualified persons from operating a business by refusing to grant them a license. helping their competitors. raising their taxes. closing their bank accounts.

refusing to grant them a license

Government tries to protect competition by regulating monopolies. preventing all monopolies. restricting the production of certain products. controlling the prices of products.

regulating monopolies

A business should conduct environmental scans on a continuous basis so it can control the external environment. change customers' attitudes. respond to opportunities and threats quickly. save money.

respond to opportunities and threats quickly

Inflation is a factor involved in which category of an environmental scan? Economy Demographics Technology Competition

economy

A business cannot control its personnel. research and development. production. external environment.

external environment

Which of the following regulatory agencies would be concerned with price fixing and unfair competitive practices: Consumer Product Safety Commission Federal Communications Commission Federal Trade Commission National Labor Relations Board

federal trade commission

Government uses some of the tax money it collects from individuals and businesses to support public welfare programs. What is the benefit of these welfare programs to businesses in a private enterprise economy? Funds received by recipients are spent in businesses. Recipients don't have to work. Government has control of how the recipients spend their money. Businesses must budget more money for taxes.

funds recevied by recipients are spent in business

Which of the following was one of government's original roles in business: Protecting the environment Acting as a referee Regulating technology Ensuring a business's profitability

acting as a referee

Environmental scanning is sometimes called environmental planning. management. analysis. protection.

analysis

Businesses must gather information about the competition during an environmental scan. Which of the following is an example of brand competition: Coke v. Pepsi Beauty salons v. veterinarians Microsoft v. Walmart Grocery stores v. fitness centers

coke v. pepsi

Government is involved in settling business disagreements through the use of fines. force. courts. negotiation.

courts

Which of the following is an example of how a business or industry has a unique relationship with its environment: New technology causes new laws to be enacted. Demand for skilled nursing care rises as the population ages. Social and cultural attitudes change over time. An economy in prosperity will eventually experience recession.

demand for skilled nursing care rises as the population ages

One way to determine the importance of an issue or trend is to consider its impact on demand for your business's products. your competitors' personnel. your personal finances. foreign governments.

demand for your business's products

Which of the following is a public good that is provided by government: Private schools New automobiles Marketing research Interstate highways

interstate highways

Which of the following is a true statement about the term "environment": It applies to individuals, not businesses. It has no affect on your performance. It refers only to the earth and its resources. It consists of your surroundings.

it consists of your surroundings

Which of the following is a true statement about a business's environment: It may not affect the business, depending on the industry. It consists of the economy and technology. It can be avoided. It is always changing.

it is always changing

Which of the following is a positive effect of government regulation: Increased inflation Legal protection Unfair competition Price controls

legal protection

A restaurant fails to meet government regulations, so it loses its __________ and is no longer allowed to do business. disposable income price controls license tariffs

license

Changing attitudes about family roles is an example of a shift in society and culture. competition. demographics. the economy.

society and culture

The two main sources of revenue used to pay the costs of government regulation are government and industry. taxes and borrowing. business and labor. taxpayers and nontaxpayers.

taxes and borrowing

Which of the following is the most rapidly changing category of information included in an environmental scan: Demographics Competition Government Technology

technology

Which of the following is an example of a demographic trend: The aging of the population Shifting political climates A concern for fitness and health Rising interest rates

the aging of the population

Which of the following examples illustrates how environmental factors are interrelated: New legislation will be written in the future. Low investor confidence heavily impacts financial planners. The economy affects what competitors are doing. The economy affects banking institutions.

the economy affects what competitors are doing

What is the purpose of government regulation of business activities that might cause air or water pollution? To conserve the environment To stabilize the economy To provide public goods To protect competition

to conserve the environment

Why does government set and collect taxes? To provide economic security To help businesses grow and prosper To increase the use of technology To help pay the expenses of government

to help pay the expenses of the government

Determine whether the following statement is true or false: Government has become an active participant in the world of business. True; government produces goods and services. False; government doesn't produce any products. False; government works with businesses only. True; government helps to start monopolies.

true; government produces goods and services

What is the government doing when it buys wheat to keep the price high enough for farmers to make a profit? Industrializing the economy Encouraging the production of wheat Using price supports Encouraging energy conservation

using price supports

Which of the following groups is most likely to share the same demographics: Working mothers Online shoppers Airline passengers International travelers

working mothers

Which of the following is a true statement about carrying out scanning activities: Information obtained from television is unreliable. You must focus only on relevant information. All information should be obtained in a formal manner. You should avoid using surveys.

you must focus only on relevant information

Government provides protection to business owners' property through the use of consumer-protection laws. safety standards. zoning laws. minimum-wage laws.

zoning laws