Question

Ben and Chris combined their love of hockey with a business venture. They purchased a small...

Ben and Chris combined their love of hockey with a business venture. They purchased a small portable cart and began selling hockey memorabilia outside of the hometown hockey arena. Their first year went well, but this past year has been a real struggle. Due to poor economic conditions including a loss of jobs, ticket sales at the arena are down, which has significantly hurt their sales as well. As a recent business school graduate, you explain to Ben and Chris:

Question 3 options:

this type of business is always high risk because it is seasonal.

the business does not fill a sufficient need for most people.

environmental circumstances are dynamic and tough to control.

social entrepreneurs are currently getting most of the attention.

Jill is looking into the possibility of opening up a day care center in her community, because she is aware of many single-parent families that need a place for their children to stay while the parents work. She is concerned about the long-term prospects for such a business. Jill believes the future of her center will depend on whether birth rates and the number of single-parent families remain high. These concerns illustrate how businesses can be affected by:

Question 4 options:

econometric trends.

demographic trends.

holographic trends.

psychometric trends.

Question 5 (5 points)

To implement a policy of empowerment, the organization will restructure so that:

Question 5 options:

managers have more responsibility and employees learn to follow directions.

employees assume more responsibility.

workers agree to work overtime without extra pay.

an entire level of management is removed from the organization.

Question 6 (5 points)

Which of the following entails the greatest amount of risk?

Question 6 options:

Working for the government

Working for a large business

Working for a small business

Starting a business

Question 7 (5 points)

Efforts are underway to serve the needs of a diverse population. Diversity means:

Question 7 options:

selling products to immigrants.

dealing sensitively with workers and cultures around the world.

providing government programs such as free health care for illegal and legal immigrants.

meeting employment quotas so that diverse groups are always represented in your workforce.

Question 8 (5 points)

During the past 150 years, the U.S. has evolved from:

Question 8 options:

An agrarian economy to an information technology economy.

A business to business economy to a business to consumer economy.

An agrarian economy to a manufacturing economy to a service oriented economy.

A manufacturing economy to a service economy, to a cottage economy, and now we are trending back to an agrarian economy.

Question 9 (5 points)

The number of businesses owned by Hispanics and Asians has:

Question 9 options:

has decreased after the 9-11 terrorist attack.

slowly increased.

significantly increased.

remained relatively constant.

Question 10 (5 points)

Employers provide tools and technology for their employees in order to:

Question 10 options:

increase the cost of production and profitability.

improve their efficiency and productivity.

reduce corruption in business and eliminate scandals.

encourage the private ownership of businesses.

Question 11 (5 points)

How is the profile of business owners changing?

Question 11 options:

In the U.S., men between the ages of 18 and 24 are starting businesses at a faster rate than men of all ages, or women of all ages.

Recent male immigrants, who can legally work in the U.S., are starting businesses at a faster rate than natural-born male citizens, and at a faster rate than all women.

Businesses owned by minority women are growing at a faster rate than businesses owned by men or nonminority women.

It is difficult to collect information on the profile of business owners. Most new businesses do not file so they don't have to pay taxes.

Question 12 (5 points)

___________ refers to the amount of output generated with a given amount of input, e.g., the number of pizzas produced per worker per hour.

Question 12 options:

Efficiency

Technology

Telecommuting

Productivity

Question 13 (5 points)

The immigrant population (both legal and illegal) is having a dramatic effect on

Question 13 options:

car and truck makers

mining and minerals industry

schools, hospitals and other services type industries

ice cream and confection industry

Question 14 (5 points)

Eve and her three college friends enjoy perfumes. As a special gift to each of them last holiday season, Eve found a way to make scented candles with each friend's favorite perfume scent. The three friends loved her gift idea and encouraged Eve to create more and sell them on the Internet. Recently, she is filling orders from her website, and turning a profit. Eve is proof that:

Question 14 options:

me too businesses work.

when you successfully fill a market need, you can make money.

the Internet is a way to distribute just about anything.

the cost of supplies to make candles is relatively cheap.

Question 15 (5 points)

Tyler Samuels recently returned from the war in Iraq where he was a member of the highly skilled special operations forces. He is now in the United States where he collects the G.I. Bill in order to go to school. This is one example of:

Question 15 options:

How an event such as a war educates young people about conditions abroad.

The cost of war.

The benefits of war on education.

A squeeze on employer benefits.

Question 16 (5 points)

Charles Malone recently renewed his card membership at DiscountMania. The card has an annual $40 fee, but Charles believes that it pays for itself because he receives good prices on electronics, contact lenses, and even tires for his car. Shortly after renewing the card, Charles began receiving calls from collection agencies claiming that he owed money. With the help of others, he learned that another Charles Malone also owned a DiscountMania card, and wrote checks with insufficient bank funds when making purchases. DiscountMania had linked Charles' personal information with the other Charles Malone's personal information. Charles experienced _______________.

Question 16 options:

Buyer myopia

Database fraud

Information trafficking

Identity theft

Question 17 (5 points)

The service industry represents ________ of the value of the U.S. economy.

Question 17 options:

about 30%

under 50%

about 70%

about 50%

Question 18 (5 points)

A business incurs a ___________ if its costs and expenses exceed its revenues.

Question 18 options:

loss

liability

debit

dividend

Question 19 (5 points)

Public schools, charities and government agencies generally ___________.

Question 19 options:

are incorporated

do not seek to earn a profit

provide goods rather than services

do not have any stakeholders

Question 20 (5 points)

People between the ages of 65 and 74 represent:

Question 20 options:

the unemployed generation

the single-parent family generation

a lucrative market

a group that has never contributed to social security

Homework Answers

Answer #1

Q.3.

There are several business environments to a particular business which comprises of surrounding factors that either help in the expansion of business or act as a hindrance to its development. In our example the economic environment has severely affected the number of people attending hockey games. Business environments are dynamic. They are constantly changing and are difficult to control. Hence business must learn to accommodate these changes.

Correct Ans - C

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Part 3 __________ is the organization that enforces the Occupational Safety and Health Act (OSHA). •...
Part 3 __________ is the organization that enforces the Occupational Safety and Health Act (OSHA). • The Justice Department • • The Securities and Exchange Commission   •The Securities Exchange Commission •The Occupational Safety and Health Administration • The Food and Drug Administration Who is covered under the provision of the FLSA that mandates employees working more than 40 hours a week earn time and a half pay? • Regular salespersons • Administrative employees • Outside salespersons • Executives • Professional...
Gender Bias in the Executive Suite Worldwide The Grant Thornton International Business Report (IBR) has described...
Gender Bias in the Executive Suite Worldwide The Grant Thornton International Business Report (IBR) has described itself as "a quarterly survey of business leaders from across the globe … surveying 11,500 businesses in 40 economies across the globe on an annual basis." 1 According to the 2011 IBR, the Asia Pacific region had a higher percentage (27 percent) of female chief executive officers (CEOs) than Europe and North America. Japan is the only Asia Pacific region exception. The report further...
The data in this table are for Wisconsin in August 2020. Use the data to answer...
The data in this table are for Wisconsin in August 2020. Use the data to answer the next two questions. Population 4,661,000 Labor force participation rate 65% Unemployment rate 6.2% Question 6 (3 points) Using the data from the preceding table, determine the number of people in Wisconsin's labor force in August 2020. You do not need to show your work. Your answer: Question 7 (3 points) Using the data from the preceding table, determine the number of unemployed workers...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
read Seasons of Love chapter:measuring a child's life after suicide. please answer the questions : reflect...
read Seasons of Love chapter:measuring a child's life after suicide. please answer the questions : reflect on what happens to the families when there is a suicide in the family, based on the Seasons of Love chapter...how should people be told? What details are best left unshared? below is the story These theories may have a certain face-validity, but they often neglect environmental or contextual factors that are innate to answering the question of “why” a person might engage in...
Question: summarize what you have read and how you believe (based on what we've studied so...
Question: summarize what you have read and how you believe (based on what we've studied so far) that topic should be approached from a law and policy perspective. Introduction The U.S.-Cuba relationship has been plagued by distrust and antagonism since 1959, the year Fidel Castro overthrew a U.S.-backed regime in Havana and established a socialist state allied with the Soviet Union. During the half century that followed, successive U.S. administrations pursued policies intended to isolate the island country economically and...
Chapter 11: 1.Even before the economic crisis of 2007 to 2009, employees in the United States...
Chapter 11: 1.Even before the economic crisis of 2007 to 2009, employees in the United States were working about _____ more hours per year than their European counterparts. a. 70 b. 249 c. 350 d. 1,970 2. In 2005, about 20% of home loans were _____, meaning they were loans sold to low-income people who had little chance of paying their mortgages, often under predatory terms that were especially unfavorable to the unsuspecting borrowers. a. subprime triple-A rated c. fixed-rate...
In narrative essay format, I want you to address a business/organization case study using multiple concepts...
In narrative essay format, I want you to address a business/organization case study using multiple concepts from class. The case question and case text begin on page 5 of this document. You need to demonstrate their best understanding of management and organizational behavior theory, and the application of those ideas to improve the understanding of various issues. You need to clearly identify at least 3 distinct, substantive issues. For each issue you need to 1), identify evidence from the case...