AFM131 FINAL EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS GRADED A++
The rate at which new technologies have been adopted has been influenced by:
Evolving needs and desires of consumers
EQ is a measure of technical aptitude and social intelligence.
False. (EQ focuses on social intelligence, while IQ considers technical aptitude.)
All of the following are important considerations about international business,
EXCEPT:
Employers value graduates with a local mindset. (employers value graduates with a
global mindset)
Sustainability considers:
A reduction of the negative impacts on the environment.
Ethical behaviour considers:
Fair wages and quality working conditions
Social Responsibility considers:
Taking a stance on social issues.
All of the following statements about becoming futureproof are true, EXCEPT:
It will become unnecessary to understand routine tasks.
All of the following support the increased rate of technological change, EXCEPT:
Retailers finding ways to reduce service to customers. (The focus is on providing better
service to customers, and how new technologies can support these efforts).
,In a global business environment, a small business needs to worry about all of
the following, EXCEPT:
The lack of opportunities on the world stage.
Which of the following activities represents an ethical consideration for an
organization?
Ensuring quality working conditions with the suppliers a company is associated with.
An example of intrapreneurship includes:
A designer at Apple launching a new gadget to compete with Google's brand of smart
glasses. (Intrapreneurship considers the launch of new products/services using a
company's existing resources and reputation).
Automation and algorithms have reduced the requirement for advisors to use
their professional judgement to make the best decisions for their clients.
False
Which of the following activities is an approach a company could take to be
socially responsible?
Inspecting the working conditions at your supplier locations.
The following are ways to future-proof your career, EXCEPT:
Challenging the need for automation to prevent job loss
A company can abide with Canada's Anti-Spam Legislation through the following
activities, EXCEPT:
Ensuring electronic communications are sent from outside Canada. (only applies to
companies within Canada)
, _______________ refers to the efforts by the federal government to stabilize the
economy through increases or decreases in taxes and/or government spending.
Fiscal policy
Deregulation is the removal of laws and regulations to allow for more
competition.
True
In the _____________ phase of the business cycle, you can expect high demand
for products and job creation.
Expansion
Macroeconomics studies the decisions made by individuals and businesses
within the economy.
False
Which of the following is an example of a federal government responsibility?
Immigration
Member of Parliament Oliver Queen is alarmed at the state of the economy, with
high unemployment and slow GDP growth. Oliver supports an increase in
expenditures and to reduce taxes in order to stimulate the economy, which are
examples of the government's use of:
Fiscal policy
If the government wishes to discourage the consumption of certain products, like
sugary beverages, it can:
implement a sin tax
COMPLETE SOLUTIONS GRADED A++
The rate at which new technologies have been adopted has been influenced by:
Evolving needs and desires of consumers
EQ is a measure of technical aptitude and social intelligence.
False. (EQ focuses on social intelligence, while IQ considers technical aptitude.)
All of the following are important considerations about international business,
EXCEPT:
Employers value graduates with a local mindset. (employers value graduates with a
global mindset)
Sustainability considers:
A reduction of the negative impacts on the environment.
Ethical behaviour considers:
Fair wages and quality working conditions
Social Responsibility considers:
Taking a stance on social issues.
All of the following statements about becoming futureproof are true, EXCEPT:
It will become unnecessary to understand routine tasks.
All of the following support the increased rate of technological change, EXCEPT:
Retailers finding ways to reduce service to customers. (The focus is on providing better
service to customers, and how new technologies can support these efforts).
,In a global business environment, a small business needs to worry about all of
the following, EXCEPT:
The lack of opportunities on the world stage.
Which of the following activities represents an ethical consideration for an
organization?
Ensuring quality working conditions with the suppliers a company is associated with.
An example of intrapreneurship includes:
A designer at Apple launching a new gadget to compete with Google's brand of smart
glasses. (Intrapreneurship considers the launch of new products/services using a
company's existing resources and reputation).
Automation and algorithms have reduced the requirement for advisors to use
their professional judgement to make the best decisions for their clients.
False
Which of the following activities is an approach a company could take to be
socially responsible?
Inspecting the working conditions at your supplier locations.
The following are ways to future-proof your career, EXCEPT:
Challenging the need for automation to prevent job loss
A company can abide with Canada's Anti-Spam Legislation through the following
activities, EXCEPT:
Ensuring electronic communications are sent from outside Canada. (only applies to
companies within Canada)
, _______________ refers to the efforts by the federal government to stabilize the
economy through increases or decreases in taxes and/or government spending.
Fiscal policy
Deregulation is the removal of laws and regulations to allow for more
competition.
True
In the _____________ phase of the business cycle, you can expect high demand
for products and job creation.
Expansion
Macroeconomics studies the decisions made by individuals and businesses
within the economy.
False
Which of the following is an example of a federal government responsibility?
Immigration
Member of Parliament Oliver Queen is alarmed at the state of the economy, with
high unemployment and slow GDP growth. Oliver supports an increase in
expenditures and to reduce taxes in order to stimulate the economy, which are
examples of the government's use of:
Fiscal policy
If the government wishes to discourage the consumption of certain products, like
sugary beverages, it can:
implement a sin tax
