The Dynamic Business Environment: Homework Help 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. Why is a diverse workforce important for a business?

Question 2 2. What's the best explanation of a business?

Question 3 3. How does a cost leader attempt to maximize profits?

Question 4 4. Which of the following is NOT true about technology?

Question 5 5. Which of the following is a factor of microeconomics?

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Question 6 6. Which one of the following is not part of globalization?

Question 7 7. 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?

Question 8 8. What's the best explanation of entrepreneurship?

Question 9 9. Why are tariffs usually imposed?

Question 10 10. What's the best explanation of how businesses help increase the standard of living?

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Question 11 11. How does an embargo differ from a tariff?

Question 12 12. What type of entrepreneur is required to invest all profits back into the enterprise?

Question 13 13. What is a condition that gives a business a competitive advantage in the marketplace?

Question 14 14. A social environment is BEST described as:

Question 15 15. Which of the following is generally not true of globalization?

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Question 16 16. Which of the following is considered part of an external business environment?

Question 17 17. How is an imperfect competition defined?

Question 18 18. Which type of entrepreneur is focused on getting a new business off the ground and then moving on to start a new one?

Question 19 19. Which of the following is NOT a barrier to trade?

Question 20 20. Ultimately, technology can be divided into what two categories?

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Question 21 21. What's the best explanation of intellectual capital?

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

Question 23 23. How is technology best described?

Question 24 24. Why would a niche strategy represent an example of a selective strategy?

Question 25 25. Which of the following statements about the legal environment of a business is FALSE?

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Question 26 26. What type of entrepreneur may be involved with skunk works?

Question 27 27. How is technological process different from technological product?

Question 28 28. Which of the following is probably the most important thing driving the expansion of the health care industry?

Question 29 29. Which of the following is an example of a factor in the legal environment?

Question 30 30. Why is it important for a business to understand the culture of a country?

The Dynamic Business Environment: Homework Help 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!

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