Test Bank for Karakowsky and Guriel, The Context of Business. Questions and Answers

1) Downsizing, part time and temporary work arrangements, structural unemployment are
all examples of economic change
a. True
b. False

Answer: a
Diff: 1
Type: TF
Page Reference: 502
Skill: recall
Objective: LO1

2) Technology changes have a double-edged sword for business – it can create new
industries and destroy old ones.
a. True
b. False

Answer: a
Diff: 1
Type: TF
Page Reference: 506
Skill: recall
Objective: LO1

3) Globalization has been among the most pervasive forces affecting not only business in
Canada but in almost every corner of the world.
a. True
b. False

Answer: a
Diff: 1
Type: TF
Page Reference: 507
Skill: recall
Objective: LO1

4) Transformational change attempt to improve upon what the business is currently doing
a. True
b. False


Test Bank for Karakowsky and Guriel, The Context of Business, 1e
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