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

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Question 31

True/False

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E-business is mostly done with Web technologies.

A) True
B) False

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verified

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Question 32

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Laws that allow businesses to write enforceable contracts decrease the risk of doing business.

A) True
B) False

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Question 33

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Technology can help businesses become more efficient and productive.

Climate change is not important to the international business community.

Companies have generally not responded to the trend of two-income families and families with a single parent.

Stakeholders include customers,employees,stockholders,suppliers,dealers,bankers,government officials and environmentalists.

The most important difference between businesses and nonprofit organizations is that:

Health care,legal advice,transportation and other intangible products are provided by the:

There are more high-paying jobs in the service sector than in the goods-producing sector.

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

Empowerment requires that managers focus more on __________________ lower-level employees.

Technology affects people in:

The two factors of production that seem to contribute the most to making countries rich are:

All of the following are factors of production except:

Unlike businesses,employees of nonprofit organizations are not required to learn the business skills of accounting,marketing,or financial management. In order to achieve their goals,nonprofit organizations need people with many of the same skills required by businesses.For example,even though nonprofit organizations do not seek a profit,they still may deal with large sums of money and must keep financial records.Nonprofit organizations also need people with leadership,marketing,and information management skills.

An example of a Canadian employer which seeks out people with a range of backgrounds and perspectives to recruit and retain would be NAV CANADA.

Nonprofit organizations are similar to businesses in that they often provide goods and services that satisfy the needs of society. Businesses are not the only organizations that produce goods and services.Government agencies,public schools,and charities such as the Salvation Army provide goods or services,but are classified as nonprofit organizations since there is no profit motive.

Which of the following is a factor of production?

The portion of the Canadian population that is very young continues to decrease because of declining birth rates since the mid-1960s.Although the rate is low,the actual number of children being born is still large because of the baby-boom echo.

What is a social entrepreneur?