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Bued100

By | Feb. 2013
Page 1 of 3
* Question 1
5 out of 5 points
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| As a factor of production, capital would include:Answer| | | | | Selected Answer:| machines, tools, buildings, and technology.| Correct Answer:| machines, tools, buildings, and technology.|

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* Question 2
5 out of 5 points
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| Given the importance of _____ to workforce effectiveness, some business experts, such as the former management guru Peter Drucker, separate this factor from human resources.Answer| | | | | Selected Answer:| knowledge|

Correct Answer:| knowledge|
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* Question 3
5 out of 5 points
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| During the marketing era consumers found:Answer| | | | | Selected Answer:| more choices for goods and services.| Correct Answer:| more choices for goods and services.|
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* Question 4
0 out of 5 points
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| In the relationship era, firms began to recognize that cultivating current customers is more profitable than constantly _____Answer| | | | | Selected Answer:| creating new goods and services.|

Correct Answer:| seeking new customers.|
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* Question 5
5 out of 5 points
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| As competition has become truly global, free trade has resulted in _____ prices and _____ quality across virtually every product category.Answer| | | | | Selected Answer:| lower, higher|

Correct Answer:| lower, higher|
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* Question 6
5 out of 5 points
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| Business transactions that occur online are examples of _____Answer| | | | | Selected Answer:| e-commerce.|
Correct Answer:| e-commerce.|
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* Question 7
5 out of 5 points
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| In 1995, a renegotiation of the General Agreement on Tariffs and Trade (GATT) took bold steps to lower tariffs and to reduce trade restrictions. A tariff is a:Answer| | | | | Selected Answer:| tax on imports.|

Correct Answer:| tax on imports.|
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* Question 8
5 out of 5...
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