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Exam 1: The Dynamic Business Environment

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Question 121

Multiple Choice

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Appliance repair firms,tax consultants,law firms,and insurance companies are all business firms that are part of the:

A) production sector.
B) service sector.
C) neo-industrial sector.
D) management sector.

E) None of the above
F) All of the above

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Question 122

True/False

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World trade has grown in part because of the development of efficient distribution systems.

A) True
B) False

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Question 123

Multiple Choice

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Which of the following age groups is expected to grow in the future?

Few issues have captured the attention of the international business community more than what?

In Canada,most of the offshoring that occurs is with China.

Samir is a financial planner who helps people find ways to save for retirement and lower their taxes.Samir is employed in the service sector of the economy.

Traditional businesses have been learning how to deal with competition from B2B firms.

Any loss from a business will result in a bankruptcy.

Customers,employees,stockholders and,suppliers are known as creditors,and others who stand to gain or lose by the policies and activities of a business represent the firm's:

Demographic changes create new business opportunities.

Stakeholders may have direct and _______ impact upon a business.

The 20-34 age group is forecast to decline,as a percentage of the entire population,in the future.

A business owner has to find the right balance between risk and _ ________.

Businesses seek to earn a profit by providing goods and services to others.

Experts say that today's post-secondary graduates will likely hold________ jobs in their lifetime.

Increases in productivity have allowed fewer farmers to feed more and more people.

Generation Y are also known as Millennials.