The U.S. Business Environment
Business Ethics & Social Responsibility
Entrepreneurship, New ventures, and Business Ownership
The Global Context of Business
Business Management
100
An organization that provides goods or services to earn profits are:
What is a business?
100
True or False: An example of ethical behavior at the workplace is to book a vacation online at work when there is down time during the day.
What is False?
100
An independently owned business that has relatively little influence in its market is called?
What is a Small Business?
100
The process by which the world economy is becoming a single interdependent system is?
What is globalization?
100
Merlise was recently hired at DSC as a manager who is required to think in the abstract and analyze different situations. She would need?
What are conceptual skills?
200
A nation's system for allocating its resources among its citizens, both individuals and organizations is called?
What is an economic system?
200
Beliefs about what is right or wrong and good or bad in actions that affect others is defines as?
What is Ethics?
200
What are two (2) contributions of small businesses?
What are job creation, contributions to larger businesses and innovation?
200
Pack n' Go a Swedish company is considering to open its establishment here in Dominica. They are considering the language factors when adjusting packages, signs and logos. The firm is attempting to understand which barrier to international trade?
What are social and cultural differences?
200
Management process of determining what an organization needs to do and how best to get it done is considered?
What is Planning?
300
All of following are factors of production except? a. Land b. Information Resources c. Physical Resources d. Capital e. Labor f. Entrepreneurship g. Producers
What is g. Producers?
300
Most companies that strive to be responsible to their stakeholders concentrate first and foremost on five (5) agents.
What are Customers, Employees, Investors, Suppliers and Local Communities?
300
Weak control systems are a reason for potential ________ within new ventures.
What is Failure?
300
The three (3) major world marketplaces are?
What are North America, Pacific Asia and Europe?
300
Which of the following would DSC have to consider adopting as a corporate strategy? a. DSC hires a VP of Finance to decide how best to achieve corporate goals b. DSC may decide to retrench by reducing the number of programs offered c. DSC focuses on improving its product line. d. DSC has different strategies for each of its Faculties
What is b. DSC may decide to retrench by reducing the number of programs offered
400
Buyers will purchase more of a product as its price drops and less of a product as its price increases. Generally speaking this follows which basic law?
What is the law of demand?
400
An employee who discovers and tries to put an end to a company's unethical, illegal, or socially irresponsible actions by publicizing them is known as a?
What is a whistle-blower?
400
13) Bill Gates discovered his interest in software and began programming computers at age 13. He is the chief software architect of Microsoft Corporation, the worldwide leader in software, services and solutions that help people and businesses realize their full potential. Bill can be coined as one of the world’s most famous: a. small business owners. b. officers. c. business men d. entrepreneurs.
What is d. Entrepreneurs?
400
It is illegal for American companies to sell nuclear technology to different countries. This is an example of a/ an: a. Embargo c. Importing b. Exporting d. Tariffs
What is a. Embargo?
400
Plans reflecting decisions about resource allocations, company priorities, and steps needed to meet strategic goals are?
What are strategic plans?
500
True or False? A positive balance of trade results when a country imports (buys from other countries) more than it exports (sells to other countries)
What is False?
500
An approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up violations is referred to as?
What is Obstructionist Stance?
500
The legal principle that holds owners responsible for paying all debts of a business is:
What is unlimited liability?
500
International business is challenging and isn’t appropriate for every business and in considering international expansion a company must consider three (3) elements?
What are Adapting to Customer Needs, Outsourcing and Offshoring and Gauging International Demand?
500
The company’s unique identity: the shared experiences, stories, beliefs and norms that characterize and organization.
What is Corporate Culture?
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