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CEOE Business Education: The Dynamic Business Environment Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which of the following is probably the most important thing driving the expansion of the health care industry?

Question 2 2. Why is it important for a business to understand the culture of a country?

Question 3 3. How is technological process different from technological product?

Question 4 4. Why is a diverse workforce important for a business?

Question 5 5. How is an imperfect competition defined?

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Question 6 6. A social environment is BEST described as:

Question 7 7. Which of the following statements about the legal environment of a business is FALSE?

Question 8 8. Which of the following is an example of a factor in the legal environment?

Question 9 9. How is technology best described?

Question 10 10. Which of the following is NOT a barrier to trade?

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Question 11 11. Which of the following is considered part of an external business environment?

Question 12 12. What is a condition that gives a business a competitive advantage in the marketplace?

Question 13 13. What's the best explanation of profit?

Question 14 14. What's the best explanation of a business?

Question 15 15. What's the best explanation of intellectual capital?

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Question 16 16. Which of the following is a factor of microeconomics?

Question 17 17. Which one of the following is not part of globalization?

Question 18 18. In the year 2100, the economic market now reflects the theoretical idea of perfect competition. James is deciding which car he will buy. What will be the only perceived difference for him?

Question 19 19. Why would a niche strategy represent an example of a selective strategy?

Question 20 20. The product development team of a large pet food company considers adding cheap, low-quality ingredients as a filler in one of its popular products. Based on the strength of the company brand and management's approval, the team decides to go ahead with developing the product despite each member having private concerns. This scenario illustrates which concept and why?

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Question 21 21. What's the best explanation of standard of living?

Question 22 22. Which of the following BEST describes a foreign subsidiary?

Question 23 23. Ultimately, technology can be divided into what two categories?

Question 24 24. How does a cost leader attempt to maximize profits?

Question 25 25. How do macroeconomic factors and microeconomic factors differ?

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Question 26 26. What's the best explanation of how businesses help increase the standard of living?

Question 27 27. Which of the following is generally not true of globalization?

Question 28 28. A business influences its external environment by:

Question 29 29. What will be the probable effect of the continual application of high technology into business?

Question 30 30. What's the best explanation of risk?

CEOE Business Education: The Dynamic Business Environment Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

OSAT Business Education (CEOE) (040): Practice & Study Guide  /  Business Courses
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