BUSINESS MANAGEMENT!

CHAPTER ONE
QUESTION 1
1.The use of web blogs as a link between companies and their customers is on the
decline. F
True
False
QUESTION 2
2.All factors of production are found in equal amounts in all businesses. F
True
False
2 points
QUESTION 3
3.Adam Smith's
cceptance. T
True
False
2 points
QUESTION 4

invisible hand

refers to the battle among businesses for consumer a

4.The Industrial Revolution began in Germany and quickly spread to the rest of E
urope. F
True
False
2 points
QUESTION 5
5.A strategic alliance is a partnership formed to create competitive advantage f
or the businesses involved. T
True
False
2 points
QUESTION 6
6.In the private enterprise system, government has no role to play in ensuring f
air competition. F
True
False
2 points
QUESTION 7
7.Capital includes money, machines, tools, buildings, and human resources. F
True
False
2 points
QUESTION 8
8.One factor that led to the Industrial Revolution was the mechanization of agri
culture. T
True
False
2 points
QUESTION 9

9.In consumer orientation, a company creates a product first, and then determine
s if the consumer will likely purchase the product. F
True
False
2 points
QUESTION 10
10.The current philosophy among managers today is best described as transaction
management. F
True
False
CHAPTER 2
QUESTION 1
Individual employees have little influence over ethical expectations and behavio
r. F
True
False
2 points
QUESTION 2
A manager doubles employee performance goals every quarter. This action will lik
ely increase the amount of ethically questionable actions by employees. T
True
False
2 points
QUESTION 3
Development of a corporate culture to support business ethics occurs on the foll
owing levels: ethical climate, ethical awareness, ethical reasoning, and ethical
action. F
True
False
2 points
QUESTION 4
A real estate agent can represent both the buyer and seller without any conflict
of interest. F
True
False
2 points
QUESTION 5
Whistle-blowers always act out of self-interest. F
True
False
2 points
QUESTION 6
Social responsibility is management's acceptance of the obligation to consider s
ocietal well-being and consumer satisfaction as being equally important as profi
t when evaluating the firm's performance. T
True
False
2 points
QUESTION 7

Consumerism is the concept that business must give consideration to employee wan
ts and needs. F
True
False
2 points
QUESTION 8
Lauren noticed an explicit calendar on her co-worker's wall. Her employer can as
k the co-worker to remove the calendar, but the situation does not constitute se
xual harassment since Lauren was not spoken to or approached in an inappropriate
manner. F
True
False
2 points
QUESTION 9
Outside groups often conduct their own evaluations of businesses, but firms typi
cally ignore these reports in favor of internal evaluations. F
True
False
2 points
QUESTION 10
In the past, a firm's social responsibility was usually evaluated on the basis o
f its contribution to the overall economy and the employment opportunities it pr
ovided. T
True
False