Question 301. Mark recently graduated with honors from his college. He has

301. Mark recently graduated with honors from his college. He has bragged to his friends that his academic performance has prepared him so well for a successful career that he can forget school or training in his future. In evaluating the future of the workplace, Mark is:
A. exactly right. His past performance should carry him to success.
B. completely wrong. Studies show that a college education has little to do with success.
C. over confident. Global competition means that continuous learning will be needed in the future to adapt to rapid changes.
D. probably right. Specialized training today is a key to continued success in the future.

302. The threat of terrorism,
A. benefits most businesses because just about all companies contribute toward averting these threats.
B. will certainly affect companies that participate in global trade, but most large U.S. companies do their business domestically.
C. has increased the quality of life of most people because companies employ more workers when the threat is high, and workers help companies increase profits.
D. is costly to most firms because it is costly to governments who increase taxes to pay for added protection.

303. Laura and Tim McNash recently moved to North Carolina on a three-acre home site. They purposefully purchased their home within biking distance to the university where they are both employed, and their bikes each have room for two cloth bags for groceries if they need to purchase food on the way home, although they plan to grow much of their own. Laura and Tim are examples of a growing number of young people who:
A. have developed a health conscious attitude.
B. want to change their lifestyle to be more in tune to saving energy.
C. dislike urban centers and wish to live in the country.
D. stay away from urban areas due to increased threats of terrorist attacks in those localities.

304. Which of the following statements describes a recurring theme about today’s ecological environment?
A. Most people agree that there is strong evidence that the temperature of the planet is going down.
B. Smart businesses know that green business is currently a trend and they should proceed with caution because most green initiatives are more costly than wars and terrorism.
C. There is a strong push by customers that businesses develop products and services that clearly save energy.
D. Clearly, the greening issue is an American trend that has not captured the attention of the international business community.

305. Tyler Samuels recently returned from the war in Iraq where he was a member of the highly skilled special operations forces. He is now in the United States where he collects the G.I. Bill in order to go to school. This is one example of:
A. How an event such as a war educates young people about conditions abroad.
B. The cost of war.
C. The benefits of war on education.
D. A squeeze on employer benefits.

306. During the past 150 years, the U.S. has evolved from:
A. An agrarian economy to an information technology economy.
B. A business to business economy to a business to consumer economy.
C. An agrarian economy to a manufacturing economy to a service oriented economy.
D. A manufacturing economy to a service economy, to a cottage economy, and now we are trending back to an agrarian economy.

307. Businesses that produce and sell tangible products such as steel and machines are part of the:
A. manufacturing industry.
B. knowledge-based industry.
C. service industry.
D. production sector.

308. The service industry represents ________ of the value of the U.S. economy.
A. about 30%
B. under 50%
C. about 70%
D. about 50%

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