BUSAD 101 - Introduction to Business » Spring 2020 » Chapter 1 Quiz

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Question #1
When Google opened offices in Tokyo, London, and Sydney, they were utilizing ________ by relocating business processes to lower-cost locations overseas.
A.    outsourcing
B.   employee sourcing
C.   nearshoring
D.   offshoring
Question #2
Technology, tools, information, and physical facilities for the operation of a business are examples of ________.
A.   capital
B.   wages
C.   profits
D.   interest
Question #3
What phenomena is not currently accounted for in the "7 Eras in the History of Business"? 
A.   education
B.   migration
C.   robotics
D.   imigration
Question #4
The best definition of a business is, A business
A.   manufactures, is profitable, has an online pressence.
B.   No answer text provided.
C.   seeks a profit, provides goods or services, involves risk, has employees.
D.   seeks a profit provides goods or services, involves risk.
Question #5
Not for profit businesses are not concerned about their finances, because they do not return a profit to owners  
A.   TRUE
B.   FALSE
Question #6
The factor of production, Capital, is the same as money.
A.   TRUE
B.   FALSE
Question #7
Which factor of production is increasingly important for retailers?
A.   entrepreneurship
B.   capital
C.   land
D.   labor/human resources
Question #8
Employers are increasingly facing a shrinking labor pool. 
A.   FALSE
B.   TRUE
Question #9
Of the many changes occurring in our workforce, skill is not a factor of concern
A.   TRUE
B.   FALSE
Question #10
According to the “Clean & Green Business” article, McDonalds is clearly operating in which business era?
A.   The marketing era
B.   The Relationship era
C.   The social era
D.   The industrial age
Question #11
Creativity, the ability to see better and different ways of doing business,  is the role of engineers and scientists. 
A.   FALSE
B.   TRUE

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