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Exam 1: The Dynamic Business Environment

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Question 31

True/False

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Entrepreneurship is one of the five factors of production that contribute to the creation of wealth.

A) True
B) False

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Question 32

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The service era is now coming to a close,being replaced by an information-based revolution.

A) True
B) False

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Question 33

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Recently,Marie received a telephone call from her credit card company asking if she had just placed a large off-shore wager using her credit card.Marie indicated that she had not.The illegal use of Marie's credit card probably happened because Marie:

The two factors of production that are the most important for creating wealth are entrepreneurship and the effective use of knowledge.

The Buckmaker Corporation generated total revenues of $30 million dollars while incurring expenses of $17 million.Therefore,during the year Buckmaker Corporation earned a profit of $13 million.

The goods-producing sector includes manufacturing,utilities,agriculture,and service.

An electronic storage file where firms keep customer information is known as a(n) :

Companies that sell goods to consumers over the Internet are engaging in:

Businesses that produce and sell tangible products such as appliances,furniture,and clothing are part of the:

Greening impacts every type of business decision.

Birth-rates have declined in Canada since when?

The statistical study of the human population to describe its size,age,gender,and income is known as diversity recognition.

The degree of entrepreneurship present is part of the economic environment.

An increase in global trade will bring about a(n) :

Countries with an inadequately trained work force and few entrepreneurs often achieve the highest levels of income by relying on a large number of workers.

In Canada,the majority of jobs are generated in the services-producing sector.

The term standard of living refers to the amount of goods people can buy with the money they make from their business.

Starting a business is a riskier path toward business success than working your way up the ranks of a large business.

The new era of business is likely to be dominated by the:

Companies will not have to respond to the trend of an aging population.