Description
BUS 100 Week 2 Quiz 1
This quiz consist of 10 multiple choice questions and covers the material in Chapter 1.
1.
Given the importance of _____ to workforce effectiveness, some business experts, such as management guru Peter Drucker, separate this factor from human resources.
2.
As competition has become truly global, free trade has resulted in ____ prices and ____ quality across virtually every product category.
3.
Successful firms of today would
4.
The four major categories of factors of production are
5.
The marketing era introduced
6.
In order to compete effectively, many companies have taken proactive steps to hire and nurture people from a broad range of backgrounds. This is an example of which business environment?
7.
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
8. The stock market, housing foreclosures, and unemployment rates are all part of an organizations’s ____ environment.
9.
The S&P 500 attributes an increase in the annual rate of return for firms in 2009 to
10.
Entrepreneurs
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