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.
Capital
B.
Outsourcing
C.
Competitive Differentiation
D.
Brand
Question #2
A(n) _______ is a name, terms, sign, symbol, design, or combination that identifies the products of one firm
A.
Brand
B.
Capital
C.
Outsourcing
D.
Competitive differentiation
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.
Outsourcing
B.
Competitive differentiation
C.
Brand
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.
Capital
C.
Human resource
D.
Outsourcing
Question #5
This factor of production includes patents, trademarks and copywrites
A.
Capital
B.
Human resource
C.
Outsourcing
D.
Capital
Question #6
When Google opened offices in Tokyo, London, and Sydney, they were utilizing ________ by relocating business processes to lower-cost locations overseas.
A.
employee sourcing
B.
nearshoring
C.
outsourcing
D.
offshoring
Question #7
Technology, tools, information, and physical facilities for the operation of a business are examples of ________.
A.
capital
B.
wages
C.
interest
D.
profits
Question #8
What phenomena is not currently accounted for in the "7 Eras in the History of Business"?
A.
imigration
B.
migration
C.
education
D.
robotics
Question #9
The best definition of a business is, A business
A.
seeks a profit provides goods or services, involves risk.
B.
manufactures, is profitable, has an online presence.
C.
No answer text provided.
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.
TRUE
B.
FALSE
Question #12
Which factor of production is increasingly important for retailers?
A.
land
B.
labor/human resources
C.
capital
D.
entrepreneurship
Question #13
Employers are increasingly facing a shrinking labor pool.
A.
FALSE
B.
TRUE
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 industrial age
B.
The marketing era
C.
The social era
D.
The Relationship 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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