26 May Question Question 1 A business’s core goal is to generate long term profits while delivering _____ to its customers. Answer
Question
Question 1
A business’s core goal is to generate long term profits while delivering _____ to its customers.
Answer
| value | ||
| data | ||
| communication | ||
| consistency |
Question 2
As a factor of production, capital would include
Answer
| machines, money, tools, and buildings. | ||
| money, land, labor, and entrepreneurship. | ||
| machines, tools, buildings, and technology. | ||
| an entrepreneur’s freedoms. |
Question 3
Nonprofit organizations are not in the business of
Answer
| producing a product. | ||
| generating revenue. | ||
| improving the quality of life in our society. | ||
| financial gain. |
Question 4
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?
Answer
| technological | ||
| social | ||
| global | ||
| competitive |
Question 5
Business transactions that occur online are examples of
Answer
| I-commerce. | ||
| meta-economics. | ||
| e-commerce. | ||
| nano-commerce. |
Question 6
Doing business today without harming the ability of future generations to meet their needs is referred to as
Answer
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