Business & Society/Business Activities
If a business is not concerned with social responsibility, then it will most likely result in _________.
What is failure
You decide not to take a certain action because you know it’s the wrong thing to do. You have made this decision based on your
What is ethics
One of the biggest barriers that separates countries/regions is
What is language?
What are 6 characteristics of an “adaptable” organization?
Flexibility, cultural intelligence, strong leadership, open mindedness, agility, cohesiveness
Creates clear lines of authority
Improves communication
Encourages communication
Increases productivity
Improves competition
The two main divisions of the trade industry are
What are wholesalers and retailers
Why should a business practice good ethics? (multiple choice)
a. An unethical business will go bankrupt.
b. The government will fine an unethical business.
c. An ethical business makes more money than all its competitors.
d. An ethical business contributes toward its own success.
What has had the most influence on globalization?
What is technology?
What actions are consumers most likely to take when the economy is poor?
What is limit their spending
A business creates an organizational design in which no employee has to report to more than one manager at a time. This is following an organizational principle called (multiple choice)
a. unity of command.
b. the scalar principle.
c. span of control.
d. line authority.
Social responsibility should be part of the objectives of __________ businesses. (multiple choice)
a. all
b. government
c. nonprofit
d. specialized
What are the six factors that affect businesses?
Ethical/Cultural, Political, Social, Economic, Technological, & Competitive
When people from one country/region eat and dress differently from people in another country/region, it is due to differences in
What is culture?
Which of the following actions describes proactive management:
a. Planning in advance for change
b. Making only long-term plans
c. Encouraging individualism
d. Avoiding risk
Nathan is a project manager in charge of four other employees. He has divided up responsibilities and assigned them to specific team members to work on. This is known as
What is delegation?
A business that exists to fulfill a specific mission or undertaking is called a __________business.
What is non profit
Businesses keep track of external changes as part of a process called
What is environmental scanning?
Which of the following is a main reason for businesses to expand into foreign markets: (multiple choice)
a. To build brand value
b. To spread culture
c. To pay taxes
d. To help the less fortunate
Wyatt’s laptop is only a couple of years old, but he’d already like to replace it with a newer,
updated model. What characteristic of the current business environment does this illustrate?
a. Spending trends
b. Growth of service businesses
c. Shrinking product life cycles
d. Globalization
Steve manages employees who are highly skilled and need little supervision. Therefore, he can supervise quite a few employees at once. Steve’s span of control is
What is wide
Which of the following activities demonstrates the primary business activity of marketing: (multiple choice)
a. The business prepares for long-term success by planning and organizing.
b. The business meets customers’ needs by offering appropriate products.
c. The business expects to merge with another business in the industry.
d. The business hires qualified employees to perform complex job duties.
The main way that economic factors influence the external business environment is by (multiple choice)
a. making products more expensive.
b. decreasing interest rates.
c. affecting customers’ ability to spend.
d. downgrading national credit ratings.
Which of the following is a reason a company might organize itself under the laws of a different country than those of its “home” country:(multiple choice)
a. To save on taxes
b. To remain competitive
c. To build brand value
d. To take advantage of technology
Priscilla’s design company is always willing to consider new ideas, trends, and ways of thinking. This is an example of which of the following characteristics of an adaptable organization:
a. Cohesiveness
b. Cultural intelligence
c. Open-mindedness
d. Agility
What are the 3 types of organizational structures?
What is functional, divisional, & matrix