business final
Because operations managers control so much of a business's money, they must focus on a) keeping costs low b) hiring the best employees c) creating effective advertising campaigns d) generating publicity
a
Businesses that successfully adapt to current market situations often realize that a) change is an opportunity b) cutting costs is important c) diversification is the key d) more financing is necessary
a
three primary factors that affect the organizational structure of a business include interpersonal relationships, tasks, and a) authority b) injunction c) initiative d) attrition
a
what type of property is a business protecting when it registers its trademark? a) intellectual b) tangible c) administrative d) statutory
a
which of the following factors has aided the most in creating a global business environment a) cultural change b) technology c) government d) exchange rates
b
which of the following is a benefit of International trade a) higher prices of goods and services b) an improved standard of living c) an increased trade deficit d) stronger trade restrictions
b
which of the following is a potential problem in market economies? a) production quotas for businesses b) financial loss c) total government control d) no competition
b
careful selecting goods or services to sell is an example of handling business risks by ____________ the risk a) controlling b) avoiding c) bypassing d) transferring
a
A business's philanthropic responsibility involves its contributions to a) charity b) scientific research c) the economy d) political campaigns
a
A student purchased a laptop to use for homework assignments. In economic terms, this computer would be classified as a(n) __________ good. a) consumer b) industrial c) capital d) ultimate
a
Accounting is distinct from finance because its main focus is on a) record-keeping activities b) administration of assets c) money management decisions d) acquisition of funds
a
Alex owns a guitar, several books, a car, and a telescope. Alex's possessions are examples of a) private property b) economic resources c) capital goods d) equal distribution
a
which of the following is an example of a demographic trend a) the aging of the population b) a concern for fitness and health c) shifting political climates d) rising interest rates
a
which of the following is an example of increased financial risk for a company with poor business ethics: a) decreased company value b) increased productivity c) increased sales d) decreased labor costs
a
which one of the following groups of words best describes wants: a) unlimited, changing, and competing b) limited, unchanging, and competing c) limited, changing, and compensating d) unlimited, unchanging, and compensating
a
A business that fails to protect its employees from unnecessary risk or health hazards on the job may be sued for a) misrepresentaiton b) negligence c) libel d) incompetence
b
Which of the following demonstrates the interrelationship among primary business activities: a) a business changes its goals, so its strategies and tactics change, too b) one business activity changes, so the others must adjust in response c) a business manager becomes vice president, so his/her department must adjust to the change d) a new product is introduced, so business advertisements must adjust in response
b
Which of the following is a situation that might make businesspeople from other countries feel uncomfortable and impact their ability to conduct business a) offering to take others to lunch or dinner b) standing very close to others during conversations c) calling in advance to schedule appointments d) wearing business-type clothing that is conservative
b
A country with a weak currency value tends to a) rely solely on trade centers to manage the flow of exports b) experience high unemployment rates c) decrease its imports and increase its exports d) gain consumer confidence which limits spending
c
A manufacturer is a type of business that a) keeps raw goods in their original forms b) does not make use of raw goods c) turns raw goods into useful products d) sells raw goods for their producers
c
A nation that exports more than it imports maintains a a) trade deficit b) balance of trade c) trade surplus d) lower standard of living
c
Which of the following are examples of middle-management job titles: a) president, senior vice president, and chief executive officer b) collections supervisor, crew chief and production supervisor c) district manager, department head, and regional sales manager d) floor supervisor, area supervisor, and section manager
c
Which of the following is a characteristic of the organic organizational business structure a) centralized authority b) specialization emphasis c) delegation emphasis d) inflexible procedures
c
Which of the following is a disadvantage of private enterprise a) careful use of resources b) elimination of poverty c) periods of unemployment d) equal distribution of income
c
Why are entrepreneurs important in a private enterprise system a) they use resources inefficiently b) they are responsibly for deceptive advertising c) they encourage the development of new products d) they get rid of competition
c
A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is demonstrating: a) aggressive behavior b) natural talent c) creativity d) technical skills
d
one reason that businesses use a matrix organizational design is to a) improve employee productivity b) standardize business tasks c) segment areas of expertise d) share human resources
d
one reason that some US businesses have moved some of their operations to foreign countries is to a) meet communication standards b) reduce currency fluctuations c) improve domestic relations d) lower their labor costs
d
one way that competition helps to build a prosperous society is by a) replacing small businesses with large ones b) creating government legislation c) increasing the money supply d) creating new jobs
d
which of the following is a reason that the role of human-resources management is changing: a) there is greater diversity in the workforce b) employees place a greater emphasis on work over personal lives c) the workforce is younger than ever d) business costs are going down
a
Formal relationships and a distinctive chain of command are characteristics of the ___________ organizational business structure a) organic b) mechanistic c) imperial d) decantralized
b
Identify the term that best represents marketing's role in society a) pioneer b) problem solver c) peacemaker d) producer
b
one way in which many businesses demonstrate their social responsibility toward employees is by providing them with a) a safe working environment b) a stress-free atmosphere c) free meals d) regular entertainment
a
retailing takes place whenever goods are a) sold to the ultimate consumer b) sold in a retail establishment c) exchanged for other goods d) offered for sale
a
running out of inventory can result in on a) lost sales b) more satisfied customers c) higher taxes d) higher productivity
a
the finance function would definitely be involved in a decision regarding a) new business projects and strategies b) public relations and publicity c) hiring d) personal selling
a
when marketers provide information about an available product, consumers are more likely to a) buy the product b) put the product on layaway c) ask questions about the product d) request a payment plan
a
which activities are likely to increase a firm's profit a) increasing sales and decreasing expenses b) decreasing sales and increasing expenses c) decreasing supplies and increasing production d) increasing supplies and decreasing production
a
Franco's Bread Shop is introducing a new type of sandwich bread to the community this week. Which of the following describes the business activity the bread shop is likely involved in: a) promoting the new bread through advertising b) collecting information on last year's new breads c) creating a system for storing new bread recipes d) planning for the long-term results of introducing new breads
a
Gross profit shows business owners the difference between what they've a) spent and received b) received and billed c) paid and risked d) estimated and invoiced
a
In order for an accounting system to be useful to the business, the accounting information it contains must be a) accurate and up-to-date b) posted by an accountant c) recorded using the accrual method d) approved by the chief executive officer
a
Jeremiah purchases sterling silver necklaces and bracelets from Native American artisans and sells the items to jewelry stores and gift shops. What kind of buyer is Jeremiah? a) wholesale b) industrial c) business use d) retail
a
Labor-union negotiations are part of which HR management activity? a) employee relations b) compensation and benefits c) training and development d) staffing
a
Offering high quality, large assortments, and free shipping are examples of a) nonprice competition b) rebates c) price competition d) price fixing
a
One reason a physicians' practice might form a partnership as an LLP is to a) protect innocent partners from the malpractice of another partner b) ensure that the business experiences unlimited liability c) take advantage of higher dividend returns on shares of its stock d) permit the general public to purchase licensing rights in the practice
a
One reason why it is important for businesses to identify and respond to current business trends is to a) remain competitive b) control performance c) encourage feedback d) improve motivation
a
One way that competition benefits business is by encouraging the creation of a) new companies b) limited resources c) unrelated firms d) more regulations
a
Online chats, forums, and communities that enable businesses to learn about the wants and needs of their worldwide target market have created a new form of a) social relationships b) class systems c) cultural values d) gender roles
a
Producers respond to consumers' positive economic votes by a) increasing production b) classifying their goods and services c) producing more industrial goods d) decreasing production
a
What determines whether an economic product is an industrial product or a consumer product? a) who buys and uses the product b) who produces the product c) the origin of the product d) the price of the product
a
Which of the following factors affecting the business environment is represented by the business's location a) environmental b) economic c) political d) cultural
a
Which of the following would be down first in an environmental scan a) interstate highways b) new automobiles c) marketing research d) private schools
a
Why is routing an important production activity? a) routing establishes the production path of inputs b) routing issues orders for production to start c) routing establishes company standards d) routing establishes a timetable for production
a
With Rosita's pizza shop, financial analysis is used to a) obtain funding for supplies b) develop the best recipe c) attract customers d) oversee the baking process
a
a bank denies a business owner's application for credit saying, "We feel that you would be unable to make the monthly payments because of your other debts." What financial report did the bank review? a) balance sheet b) operating budget c) budget d) income statement
a
a characteristic of human wants is that they are a) unlimited b) unchanging c) consistent d) limited
a
changes in the market that cause prices to go up or down, products to change, and businesses to succeed or fail are examples of _________ risks a) economic b) human c) natural d) competitive
a
in economics, the term capital goods includes a) buildings and equipment b) trees and water c) mental and physical work d) labor management
a
lack of economic growth is a major problem for ___________ economic systems a) traditional b) socialist command c) market d) communist command
a
one of the benefits of production to consumers it that production a) creates from utility b) provides a way to earn profits c) makes use of automation d) provides a way to be competitive
a
one reason why many small businesses develop an organizational design that requires a board of directors is because a board usually a) provides experience that increases the business's credibility b) evaluates the performance of the business's employees c) assumes all legal responsibility for the business's actions d) helps with the day-to-day operations of the business
a
which of the following is a way to evaluate supplier performance after the purchased goods or services have been delivered: a) review the invoice b) visit the supplier's plant c) check the supplier's credentials d) contact the supplier's references
a
A main reason that environmental scanning is important is so that businesses can be aware of a) new products b) potential threats c) foreign markets d) competitors' internal environments
b
After a company's training needs are determined, what is the next step in training and development? a) dismissing employees who are not up to standard b) managing employee performances c) determining what training resources are available d) keeping records for personnel files
b
As the use of information-management systems continues to grow, it is important for businesses to be concerned with their customers' a) level of service b) rights to privacy c) need for information d) access to credit
b
Changing a good's form involves which of the following: a) providing an easy way to buy the good b) adding a new feature to the good c) making sure the good is available early d) getting the good to the retailer
b
Consumers are typically most willing to pay more for goods and services that bring them greater a) trade-offs b) satisfaction c) popularity d) opportunity costs
b
Juan's Fishing Shack demonstrates effective information management by a) hiring fishing experts to explain how to use the goods offered b) accessing a list of fishing equipment appropriate for a particular customer c) removing wasted materials from the process of providing goods to customers d) promoting new fishing equipment in a popular trade magazine
b
Levels of inflation and unemployment are factors that affect __________ in the world market. a) communication b) competition c) specialization d) satisfaction
b
Managing information regarding copyrights and trademarks helps a company to preserve its a) identity b) correspondance c) customers d) inventory
b
One internal factor that affects the business environment is a) the business cycle b) management style c) industry trends d) exchange rates
b
One reason an existing business might develop a company web site is to: a) reduce marketing expenses b) create a new revenue source c) lower tax rates d) increase its product mix
b
Over the next few years, members of Generation X and Generation Y are expected to fill many job positions vacated by retiring Baby Boomers. This is an example of a change in a) nonrenewable resources b) workforce demographics c) automated processes d) new capital goods
b
The law that requires business to hire, train, transfer and promote employees without regard to race, color, gender, religion, or national origin is the _________ act a) sherman antitrust b) civil rights c) federal reserve d) robinson-patman
b
To discover a product's level of utility, marketers measure the consumer's a) attitude b) satisfaction c) perspective d) desire
b
Wendy's sells the right to operate its restaurants to individuals who meet the company's criteria. The arrangement between Wendy's and these individuals is an example of a) licensing b) franchising c) a partnership agreement d) multi-level marketing
b
Which of the following is an example of a business using technology to improve the efficiency of its salespeople a) offering ATM machines b) providing laptop computers c) installing video catalogs d) accepting debit transactions
b
Which of the following will foster a business's ability to adapt to changing markets: a) reactive management b) proactive management c) authoritarian leadership d) conservative leadership
b
Which of the following would be down first in an environmental scan a) carrying out scanning activities b) identifying participants and responsibilities c) selecting trends and issues to act on d) identify and analyzing important trends and issues
b
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 a) doesn't hurt anyone b) is not illegal c) benefits the community d) is committed by unethical employees
b
a popular product is said to be a) available b) in demand c) late d) out of style
b
businesses can protect eco themselves from the risk associated with lost shipments by a) training receiving personnel b) purchasing transportation insurance c) selecting resale items carefully d) inspecting shipments of goods
b
businesses can show their social responsibility by contributing to a) pollution b) private interests c) private causes d) promotion
b
companies that operate at the international level should be aware of political factors that affect trade, such as civil unrest or a) competitors b) embargoes c) currency rates d) business cycles
b
efficient production enables businesses to a) charge higher prices than competitors b) turn out the most products at the least cost c) make an accurate forecast of sales d) obtain advance orders for goods and services
b
government can prevent unqualified persons from operating a business by a) raising their taxes b) refusing to grant them a license c) closing their bank accounts d) helping their competitors
b
government owns the basic means of production but their is some private ownership of businesses under a) entrepreneurship b) socialism c) communism d) capitalism
b
human resources management is demonstrated in which of the following statements: a) the business gives its preferred customers a special discount b) the business takes care of the responsibilities associated with having employees c) the business acts on new information about a competitor d) the business includes top-level managers in long-term planning
b
what management function is being described in the following situation: David Thomas, a top-level manager, identifies jobs to be performed, assigns responsibility for them, establishes departments to handle the jobs, and determines how many and which employees mid-level managers will supervise a) controlling b) organizing c) directing d) planning
b
which of the following are qualities of monopolies a) low prices and little competition b) high prices and low production c) high prices and much competition d) low production and much competition
b
which of the following factors affects society's basic values and behaviors that influence their buying decisions a) political b) cultural c) economic d) environmental
b
which of the following situations would most likely indicate the need to adapt to changes in the business environment: a) the business has experienced little employee turnover during the past year b) the supply of materials used in manufacturing a product has decreased c) the number of your business's competitors has decreased d) the demand for your product is stable
b
why should a business practice good ethics? a) an unethical business will go bankrupt b) an ethical business contributes toward its own success c) the government will fine an unethical business d) an ethical business makes more money than all its competitors
b
ABC Specialty Wear is the only company that has written permission to use a national football team's logo on its sportswear. This is an example of a a) sole proprietorship b) limited joint-venture contract c) licensing agreement d) product trade-name contract
c
Appropriate information management saves businesses time and money by a) increasing information overload b) increasing "paper trails" c) maintaining higher levels of productivity d) maintaining yearly raises for employees
c
Computer database programs make it easier for businesses to manage: a) internet search engines b) customers' buying habits c) large amounts of related date d) problem-solving skills
c
How does the finance function relate to company spending? a) it produces reports about spending b) it spends on investments only c) it plans and controls spending d) it does not relate to spending
c
If expenses are greater than income, there's no a) sales b) risk c) reward d) guarantee
c
In what way might a human resources manager be involved in employee benefits a) collecting insurance payment from employees b) choosing an employee's vacation days c) determining eligibility and costs of benefits d) selecting an employee's personal plan options
c
Jake wanted to run his own business but was unsure that he had adequate business skills to be successful. Which type of business would give Jake the help he needs? a) product trade-name franchise b) private corporation c) business-format franchise d) sole proprietorship
c
Jaron, the district technology coordinator for Abington City Schools, is responsible for purchasing new computers for the district. He recently sent out a request for price quotes to five different computer companies, and he is waiting to hear what the various suppliers proposed prices will be. Jaron is conducting a) retail buying b) negotiations c) competitive bidding d) a make-or-buy decision
c
One way that technological innovation has changed business is by decreasing the use of a) skilled workers b) phone systems c) paper forms d) fax machines
c
The US produces widgets faster and cheaper than Switzerland. In this example, the US has a(n) __________ advantage. a) constructive b) predictable c) absolute d) comparative
c
The overall purpose of accounting is to a) control the finances of the business b) maintain accurate reports c) compile the business's expenses d) keep track of sales
c
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? a) comprehensive employee training programs b) production line improvements c) changes in consumer spending d) operating cost increases
c
Why is a good accounting system important to a business? a) it gives the business an image of success b) it prevents any financial losses c) it shows the business how it is doing d) it increases return on investment
c
a socially responsible business will attempt to give customers a) high-quality products at high prices b) the best products no matter what the cost c) the best products at the best prices d) lower quality products at reduced prices
c
a wholesale distributor would like to track its customers geographically. Which software application would be most effective? a) internet b) spreadsheet c) database d) word processing
c
human resources are a company's most important resources because a) they are the least expensive resources b) they are the most expensive resources c) they control all other company resources d) they are controlled by other company resources
c
in a communist command economy who decides how the economic questions will be answered? a) venture team b) businesses c) government d) individuals
c
information management can be a challenge because a) there is often not enough information to manage b) no one wants to participate in it c) many people don't understand what it is d) there is only one "right" way to do ti
c
most businesses put their greatest competitive efforts into competing a) locally b) nationally c) with direct competitors d) with indirect competitors
c
private enterprise is based on the idea that everyone is better served when a) economic resources are controlled by the government b) government determines where individuals will work c) individuals are free to set their own goals d) businesses regularly increase their prices
c
what are the three basic economic questions? a) when will products be produced; how will products be produced; and how will products be allocated? b) when will products be produced; what products will be produced; and how will products be allocated? c) what products will be produced; how will products be produced; and how will products be allocated? d) where will products be produced; when will products be produced; and what products will be produced?
c
what is one reason why the federal government awards patents to businesses that have invented new products or manufacturing processes? a) to protect consumers b) to restrict monopolies c) to encourage research d) to monitor advertising
c
what is one way that the trend towards protecting the environment has a negative effect on many businesses? a) promotes growth b) reduces pollutioin c) increases costs d) decreases prices
c
what is the government doing when it buys wheat to keep the price high enough for farmers to make a profit? a) industrializing the economy b) encouraging the production of wheat c) using price supports d) encouraging energy conservation
c
what role does utility play in the implementation of the marketing concept? a) a cost-saving tool b) a payment method c) a satisfaction gauge d) a delivery process
c
what type of trend are businesses considering when they analyze where customers live and their ethnic backgrounds a) environmental b) cultural c) demographic d) technical
c
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 a) human behaviors b) mixed messages c) non-verbal cues d) language barriers
c
which change provides the most time utility for a consumer? a) arriving at a product trade show early b) asking for early delivery of a product c) staying open for business on the weekend d) shopping for a product in the morning
c
which management function is described in the following situation: James Crane has created a team atmosphere among the members of his sales department. When the team exceeded their monthly sales goal, James rewarded them with a celebratory dinner out and a five-percent bonus a) planning b) controlling c) directing d) organizing
c
which of the following examples illustrates how environmental factors are interrelated: a) the economy affects baking institutions b) new legislation will be written in the future c) the economy affects what competitors are doing d) low investor confidence heavily impacts financial planners
c
which of the following government actions is most likely to stimulate the economy: a) raising the prime interest rate b) printing less money c) lowering tax rates d) borrowing more money
c
which of the following is a marketing activity: a) leading b) committing c) promoting d) balancing
c
which of the following is a measure of how well a business generates cash flow? a) capital structure b) accounts payable c) return on capital d) accounts receivable
c
which of the following is a trend in information management a) decreased competition b) increased number of workers in the office c) increased compliance laws and regulations d) decreased number of electronic documents
c
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 a) preparing an audiovisual presentation b) inviting customers to a social function c) shaking hands when greeting a customer d) writing letters in a foreign language
c
which of the following occurs when the supply of individuals who are able and willing to work diminishes a) capital goods become limited b) human resources become unlimited c) human resources become limited d) capital goods become unlimited
c
why does the government set and collect taxes a) to provide economic security b) to increase the use of technology c) to help pay the expenses of government d) to help businesses grow and prosper
c
A business is planning a sale and needs to know what sales were for a particular weekend in the previous year. Which of the following accounting records would provide this information a) bank statement b) income statement c) disbursement journal d) sales journal
d
A business should conduct environmental scans on a continuous basis so that it can a) change customers attitudes b) save money c) control the external environment d) respond to opportunities and threats quickly
d
According to the marketing concept, which option demonstrates customer orientation? a) researching a firm's competitors b) advertising the features of a product c) convincing a buyer to buy d) finding out what a buyer wants
d
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) economic differences b) a business subculture c) being uneducated d) a language barrier
d
An advantage to a business of filing Chapter 11 bankruptcy is that the process allows the business to a) liquidate b) sell assets c) eliminate taxes d) reorganize
d
Annika, the purchasing specialist for Dottie's Donut Shop, just located a new, less expensive sugar supplier. Dottie does not plan to lower donut prices. If Annika buys the shop's sugar from this cheaper supplier, what is likely to happen? a) donut sales will decrease b) donut sales will increase c) the profit margin for donuts will decrease d) the profit margin for donuts will increase
d
Each purchase strengthens the economy by encouraging a) investment b) expansion c) competition d) trade
d
How does appropriate information management affect a business's relationship with its customers? a) businesses lose focus on customers b) businesses earn higher profits c) businesses make better financial decisions d) businesses serve customers more effectively
d
If a good or service is scarce, consumers will usually be a) uninterested in owning it b) unwilling to buy it c) able to get as much of it as they want d) willing to pay money to get it
d
John, Robert, and Charles were college friends who wanted to start a business. John has creative ability, Robert's expertise is selling, and Charles' expertise is management. However, each has limited capital. The ideal business ownership for these young men is a a) franchise b) merger c) corporation d) partnership
d
Management decides to hold its annual meeting in one US city rather than another because of crime in that city. This is an example of ____________ the risk. a) transferring b) retaining c) preventing or controlling d) avoiding
d
One of the freedoms provided to individuals by the private enterprise system is the freedom to choose a) how their employers pay them b) which laws they will obey c) which taxers they will pay d) where they will work
d
Overall, what does marketing allow us to do? a) feel better about shopping b) stop buying online c) limit our spending d) live our daily lives
d
The growth of e-commerce is changing the way companies do business by allowing them to a) reduce the services they provide customers b) place high prices on their products c) communicate with similar organizations d) be accessible to customers at all times
d
The way in which an economic system answers the basic economic questions depends upon the country's a) resources b) demand c) supply d) government
d
Using a stream to supply water to a field in order to grow crops is an example of using a) capital goods b) nonrenewable resources c) human resources d) natural resources
d
a clothing manufacturer checks one pair of pants out of every shipment to ensure the quality of its product. This process is known. as quality on a) delivery b) assurance c) guarantee d) inspecition
d
a manager studies the business's previous sales statistics as well as the sales forecast before making purchasing decisions. What type of resource is the manager using? a) material b) human c) financial d) information
d
an important factor that has a significant effect on the general business environment is a) organization b) geography c) reputation d) technology
d
complying with environmental laws is part of which operations activity? a) logistics b) purchasing c) inventory control d) safety and security
d
contractual agreements such as guarantees, surety bonds, and leases are examples of handling business risks through a) avoidance b) management c) prevention or control d) transfer
d
how does marketing-research data help a business's production planning? a) by determining how products will be produced b) by identifying resources needed in production c) by setting the timetable to use in production d) by identifying consumers' needs and wants
d
in an overall sense, where does marketing occur? a) wherever stores are b) wherever trucks are c) wherever advertisements are d) wherever customers are
d
operations managers have two main goals in mind- efficiency (keeping costs low) and on a) productivity (keeping business running fast) b) reputation (keeping up the business's good name) c) legality (keeping the business in good standing with the law) d) effectiveness (keeping customers satisfied)
d
the ultimate goal of all economic activity is a) exchange b) distribution c) production d) consumption
d
which of the following economic resources is responsible for combining the other resources to produce goods and services: a) nonrenewable resources b) capital goods c) natural resources d) human resources
d
which of the following is a detail that a buyer should know prior to placing an order for raw materials? a) which employees will be converting raw materials into finished products b) how the finished product will be marketed c) who will be purchasing the finished products d) whether the company has storage space of the raw materials
d
which of the following is a factor that would encourage businesses to start a business at a particular location: a) strict government regulations b) high unemployment rates c) easy access to competitors' products d) easy access to natural resources
d
which of the following is a key component of managing working capital: a) financing b) capital budgeting c) capital structure d) cash conversion cycle
d
which of the following is a reason that a US company would decide to offer its products in other countries a) to provide jobs to people in other countries b) to sell obsolete, outdated products c) to subsidize developing countries d) to expand to new, untapped markets
d
which of the following is a true statement about business ethics and the law a) the two have nothing to do with each other b) everything that is illegal is also unethical c) everything that is unethical is also illegal d) the two are not the same things but they do overlap
d
which of the following is an environmental factor that affects the performance of businesses that market products on a global level: a) land formation b) storage space c) health coverage d) political risk
d
which of the following is the best action for businesses to take in order to adapt to changing markets: a) reduce investments in research and development b) protect the business's core products c) focus efforts on the business's product with the highest profit d) implement innovative strategies and ideas
d
which of the following situations involves finding an alternative resource to us in place of a nonrenewable natural resource a) generating energy from wind turbines instead of solar panels b) searching for oil in new locations such as the ocean floor c) passing legislation to prevent the killing of endangered animals d) powering a motor vehicle with biodiesel instead of gasoline
d
why is production important to businesses a) it enables businesses to charge high prices b) it informs businesses about consumers wants and needs c) it prevents businesses from wasting resources d) it creates goods and services businesses can sell
d
