Bus Review Essay Example
Sample Test Questions Chapters 1-4
Q1-1. A key characteristic of entrepreneurs is that they: A) are willing to accept the risks involved in starting and managing a business. B) have a high level of scientific and technical expertise. C) possess a great deal of personal wealth. D) have experience in running large, complex organizations.
Q1-2. Elizabeth owns a printing business in her home town. The printers, computers, and copying machines represent examples of: A) natural resources. C) current assets. B) intangible resources. D) capital.
Q1-3. Taxes and government regulations are part of the ________________ environment of business. A) economic and legal C) social B) competitive D) technological
Q1-4. ___________ is the buying and selling of products and services by businesses and consumers over the Internet. A) E-commerce C) Telecommuting B) Entrepreneurship D) I-commerce
Q1-5. Ntercon is an Internet-based company that provides online support services for businesses that need help in setting up and maintaining their websites. Ntercon is an example of a company that is engaged in: A) B2C e-commerce. C) Y2K e-commerce. B) N2Y e-commerce. D) B2B e-commerce.
Q1-6. Collectively, the customers, employees, stockholders, suppliers, creditors, and the local communities in which a business operates are known as the firm’s: A) market. C) stakeholders. B) economic environment. D) social dependents.
Q1-7. As a salesperson for Bi-State Direct, Jack enjoys the freedom and flexibility he has to better meet the needs of his customers. Jack's experience suggests that Bi-State practices: A) centralized management. C) enfranchisement B) outsourcing. D) empowerment.
Q1-8. Which of the following statements represents the most likely changes in the size and composition of the U.S. population by the year 2050? A) The total population
Q1-1. A key characteristic of entrepreneurs is that they: A) are willing to accept the risks involved in starting and managing a business. B) have a high level of scientific and technical expertise. C) possess a great deal of personal wealth. D) have experience in running large, complex organizations.
Q1-2. Elizabeth owns a printing business in her home town. The printers, computers, and copying machines represent examples of: A) natural resources. C) current assets. B) intangible resources. D) capital.
Q1-3. Taxes and government regulations are part of the ________________ environment of business. A) economic and legal C) social B) competitive D) technological
Q1-4. ___________ is the buying and selling of products and services by businesses and consumers over the Internet. A) E-commerce C) Telecommuting B) Entrepreneurship D) I-commerce
Q1-5. Ntercon is an Internet-based company that provides online support services for businesses that need help in setting up and maintaining their websites. Ntercon is an example of a company that is engaged in: A) B2C e-commerce. C) Y2K e-commerce. B) N2Y e-commerce. D) B2B e-commerce.
Q1-6. Collectively, the customers, employees, stockholders, suppliers, creditors, and the local communities in which a business operates are known as the firm’s: A) market. C) stakeholders. B) economic environment. D) social dependents.
Q1-7. As a salesperson for Bi-State Direct, Jack enjoys the freedom and flexibility he has to better meet the needs of his customers. Jack's experience suggests that Bi-State practices: A) centralized management. C) enfranchisement B) outsourcing. D) empowerment.
Q1-8. Which of the following statements represents the most likely changes in the size and composition of the U.S. population by the year 2050? A) The total population