BUSAD 141 - Introduction to Management » Spring 2020 » Chapter 1 Quiz

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Question #1
___________ refers to technology, tools, information, and physical facilities
A.   Outsourcing
B.   Brand
C.   Competitive Differentiation
D.   Capital
Question #2
A(n) _______ is a name, terms, sign, symbol, design, or combination that identifies the products of one firm
A.   Outsourcing
B.   Brand
C.   Competitive differentiation
D.   Capital
Question #3
_____ is the unique combination of organizational abilities, products, and approaches that sets a company apart from competitors in the minds of consumers.
A.   Brand
B.   Outsourcing
C.   Competitive differentiation
D.   Capital
Question #4
A company that contracts with another business to perform functions previously handled by internal staff is participating in _____.
A.   Capital
B.   Outsourcing
C.   Capital
D.   Human resource
Question #5
This factor of production includes patents, trademarks and copywrites
A.   Capital
B.   Outsourcing
C.   Capital
D.   Human resource
Question #6
When Google opened offices in Tokyo, London, and Sydney, they were utilizing ________ by relocating business processes to lower-cost locations overseas.
A.   offshoring
B.   employee sourcing
C.    outsourcing
D.   nearshoring 
Question #7
Technology, tools, information, and physical facilities for the operation of a business are examples of ________.
A.   profits
B.   interest
C.   wages
D.   capital
Question #8
What phenomena is not currently accounted for in the "7 Eras in the History of Business"? 
A.   robotics
B.   education
C.    migration
D.   imigration
Question #9
The best definition of a business is, A business
A.   seeks a profit provides goods or services, involves risk.
B.   No answer text provided.
C.   manufactures, is profitable, has an online presence.
D.   seeks a profit, provides goods or services, involves risk, has employees.
Question #10
Not for profit businesses are not concerned about their finances, because they do not return a profit to owners  
A.   FALSE
B.   TRUE
Question #11
The factor of production, Capital, is the same as money.
A.   FALSE
B.   TRUE
Question #12
Which factor of production is increasingly important for retailers?
A.   labor/human resources
B.   land
C.   capital
D.   entrepreneurship
Question #13
Employers are increasingly facing a shrinking labor pool. 
A.   TRUE
B.   FALSE
Question #14
Of the many changes occurring in our workforce, skill is not a factor of concern
A.   TRUE
B.   FALSE
Question #15
According to the “Clean & Green Business” article, McDonalds is clearly operating in which business era?
A.   The marketing era
B.   The industrial age
C.   The Relationship era
D.   The social era
Question #16
Creativity, the ability to see better and different ways of doing business,  is the role of engineers and scientists. 
A.   TRUE
B.   FALSE

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