DOWNLOAD THE Test Bank for Business Essentials 8th Edition Ebert
g g g g g g g g g
BusinessgEssentials,g8ceg Chapt
erg2:gThegEnvironmentgofgBusiness
Chapterg2g g ThegEnvironmentgofgBusiness
2.1 Multiple-ChoicegQuestions
1) Ingtermsgofgorganizationalgboundariesgandgenvironments,gwhichgisgcorrect?
A) Largegbusinessgfirmsgaregheavilyginfluencedgbygeventsgingthegexternalgenvironment,gbutgsmallgb
usinessgfirmsgaregmuchglessginfluenced.
B) Nogsinglegfirmgcangcontrolgthegenvironment.
C) Mostgorganizationsghavegagsinglegenvironment,gbutgsomeghavegmultiplegenvironmentsgtheyg
mustgcopegwith.
D) Thegmajorgelementsgofgthegexternalgenvironmentgaregmarketing,gfinance,gproduction,gandg
humangresources.
E) Thegmostgimportantgfeaturesgofgthegexternalgenvironmentgaregthegpoliticalgandgsocialgaspects.g
Answer:g B
Diff:g2 Type:gMC PagegRef:g25-
26gSkill:g Comprehension
Objective:g 2.1
2) Distributorsgwhogaregingaggrocerygstoregrestockinggshelvesgaregnormallygconsideredgpartgofgthe
rathergthangtheg .
A) environment;gculture
B) organization;genvironment
C) culture;gstore
D) environment;gorganization
E) nonegofgthesegaregcorrectg
Answer:g D
Diff:g2 Type:gMC
PagegRef:g25gSkill:g Compr
ehension
Objective:g 2.1
3) A(n)g separatesgthegorganizationgfromgitsgenvironment.
A) organizationalgboundary
B) processgboundary
C) enterprisegresource
D) aggregategoutput
E) integration
gAnswer:g A
Diff:g1 Type:gMC
PagegRef:g25gSkill:g Knowl
edge
Objective:g 2.1
Copyrightg©g2017gPearsongCanadagInc. 2-1
mynursytest.store
,DOWNLOAD THE Test Bank for Business Essentials 8th Edition Ebert
g g g g g g g g g
BusinessgEssentials,g8ceg Chapt
erg2:gThegEnvironmentgofgBusiness
4) HowgmightglowginflationglevelsgingtheggeneralgeconomygaffectgagcompanyglikegMcDonald's?
A) McDonald'sgwillgpaygmuchghighergpricesgforgsuppliesgandgwillgchargegcustomersgmoregforgitsgp
roducts.
B) McDonald'sgwillgpayghighergpricesgforgsuppliesgandgwillgchargegcustomersgmoregforgitsgp
roducts.
C) McDonald'sgwillgpaygrelativelygconstantgpricesgforgsupplies,gbutgwillgbegunablegtogincreasegthegp
ricegpaidgbygcustomers.
D) McDonald'sgwillgpaygrelativelygconstantgpricesgforgsuppliesgandgwillgchargegcustomersgmoregf
orgitsgproducts.
E) McDonald'sgwillgpayghighergpricesgforgsupplies,gbutgwillgbegunablegtogincreasegthegpricegpaidgb
ygcustomers.
Answer:g C
Diff:g3 Type:gMC
PagegRef:g26gSkill:g Compr
ehension
Objective:g 2.2
5) Agriculturegefficiencyghasgresultedgin
A) Canadiansgcontributinggmoregresourcesgtogfarms.
B) angincreasegingthegnumbergofgpeoplegemployedgingthegindustry.
C) Canadiansgneedinggmoregfarms.
D) agdecreasegingthegnumbergofgpeoplegemployedgingthegindustry.
E) nonegofgthese.g
Answer:g B
Diff:g2 Type:gMC
PagegRef:g27gSkill:g Compr
ehension
Objective:g 2.2
6) SincegthegincreasegingthegunemploymentglevelgingagsmallgAtlanticgCanadiangtown,gretailersghavegn
oticedgthatgsalesghavegdecreased.gThegretailersgaregbeinggaffectedgbygwhichgelementgofgthegexternalg
environment?
A) Socio-cultural
B) Economic
C) Environmental
D) Global
E) Political-
legalgAnswer:g B
Diff:g2 Type:gMC
PagegRef:g27gSkill:g Compr
ehension
Objective:g 2.2
Copyrightg©g2017gPearsongCanadagInc. 2-2
mynursytest.store
,DOWNLOAD THE Test Bank for Business Essentials 8th Edition Ebert
g g g g g g g g g
BusinessgEssentials,g8ceg Chapt
erg2:gThegEnvironmentgofgBusiness
7) Atgonegtime,gabout
ofgthegpopulationgofgCanadagwasginvolvedgingproducinggthegfoodgthatgwegneeded;gtodayglessgthan
percentgofgthegpopulationgworksgingagriculture.
A) half;g0.5
B) half;g2.5
C) one-third;g5
D) three-quarters;g2.5
E) four-
fifths;g3gAnswe
r:g B
Diff:g3 Type:gMC
PagegRef:g27gSkill:g Knowl
edge
Objective:g 2.2
8) Agriculturalgproductionghasg becauseg .
A) grown;gweghavegincreasedgtotalgoutputgingthatgsector
B) increased;gCanadagimportsgmoregagriculturalgproducts
C) declined;gfewergCanadiansgaregworkinggingagriculture
D) remainedgunchanged;gthereghavegbeengrelativelygfewgchangesgingagriculturalgtechnology
E) increased;gmoregpeoplegareginvolvedgingfarmingg
Answer:g A
Diff:g2 Type:gMC
PagegRef:g27gSkill:g Compr
ehension
Objective:g 2.2
9) Thegmaingmeasuregofggrowthgingangeconomicgsystemgis
A) thegbusinessgcycle.
B) standardgofgliving.
C) grossgnationalgproduct.
D) grossgdomesticgproduct.
E) aggregategoutput.
gAnswer:g E
Diff:g1 Type:gMC
PagegRef:g27gSkill:g Knowl
edge
Objective:g 2.2
10) Whichgisgthegbestgexplanationgforgwhygstandardgofglivinggonlygincreasesgthroughgproductivity?
A) Thegmoreggoodsgthatgaregavailable,gtheglowergpricesgwillgbe.
B) Moreggoodsgaregavailablegwithoutghavinggtogcomegbygadditionalgresources.
C) Productivitygincreasesgthegmoneygsupplygingangeconomy.
D) Purchasinggpowergincreasesgwhengtheregisgmoregconsumergchoice.
E) Pricesgaregdeterminedgbygthegstandardgofgliving.g
Answer:g B
Diff:g1 Type:gMC
PagegRef:g27gSkill:g Knowl
Copyrightg©g2017gPearsongCanadagInc. 2-3
mynursytest.store
, DOWNLOAD THE Test Bank for Business Essentials 8th Edition Ebert
g g g g g g g g g
BusinessgEssentials,g8ceg Chapt
erg2:gThegEnvironmentgofgBusiness
edge
Objective:g 2.2
Copyrightg©g2017gPearsongCanadagInc. 2-4
mynursytest.store
g g g g g g g g g
BusinessgEssentials,g8ceg Chapt
erg2:gThegEnvironmentgofgBusiness
Chapterg2g g ThegEnvironmentgofgBusiness
2.1 Multiple-ChoicegQuestions
1) Ingtermsgofgorganizationalgboundariesgandgenvironments,gwhichgisgcorrect?
A) Largegbusinessgfirmsgaregheavilyginfluencedgbygeventsgingthegexternalgenvironment,gbutgsmallgb
usinessgfirmsgaregmuchglessginfluenced.
B) Nogsinglegfirmgcangcontrolgthegenvironment.
C) Mostgorganizationsghavegagsinglegenvironment,gbutgsomeghavegmultiplegenvironmentsgtheyg
mustgcopegwith.
D) Thegmajorgelementsgofgthegexternalgenvironmentgaregmarketing,gfinance,gproduction,gandg
humangresources.
E) Thegmostgimportantgfeaturesgofgthegexternalgenvironmentgaregthegpoliticalgandgsocialgaspects.g
Answer:g B
Diff:g2 Type:gMC PagegRef:g25-
26gSkill:g Comprehension
Objective:g 2.1
2) Distributorsgwhogaregingaggrocerygstoregrestockinggshelvesgaregnormallygconsideredgpartgofgthe
rathergthangtheg .
A) environment;gculture
B) organization;genvironment
C) culture;gstore
D) environment;gorganization
E) nonegofgthesegaregcorrectg
Answer:g D
Diff:g2 Type:gMC
PagegRef:g25gSkill:g Compr
ehension
Objective:g 2.1
3) A(n)g separatesgthegorganizationgfromgitsgenvironment.
A) organizationalgboundary
B) processgboundary
C) enterprisegresource
D) aggregategoutput
E) integration
gAnswer:g A
Diff:g1 Type:gMC
PagegRef:g25gSkill:g Knowl
edge
Objective:g 2.1
Copyrightg©g2017gPearsongCanadagInc. 2-1
mynursytest.store
,DOWNLOAD THE Test Bank for Business Essentials 8th Edition Ebert
g g g g g g g g g
BusinessgEssentials,g8ceg Chapt
erg2:gThegEnvironmentgofgBusiness
4) HowgmightglowginflationglevelsgingtheggeneralgeconomygaffectgagcompanyglikegMcDonald's?
A) McDonald'sgwillgpaygmuchghighergpricesgforgsuppliesgandgwillgchargegcustomersgmoregforgitsgp
roducts.
B) McDonald'sgwillgpayghighergpricesgforgsuppliesgandgwillgchargegcustomersgmoregforgitsgp
roducts.
C) McDonald'sgwillgpaygrelativelygconstantgpricesgforgsupplies,gbutgwillgbegunablegtogincreasegthegp
ricegpaidgbygcustomers.
D) McDonald'sgwillgpaygrelativelygconstantgpricesgforgsuppliesgandgwillgchargegcustomersgmoregf
orgitsgproducts.
E) McDonald'sgwillgpayghighergpricesgforgsupplies,gbutgwillgbegunablegtogincreasegthegpricegpaidgb
ygcustomers.
Answer:g C
Diff:g3 Type:gMC
PagegRef:g26gSkill:g Compr
ehension
Objective:g 2.2
5) Agriculturegefficiencyghasgresultedgin
A) Canadiansgcontributinggmoregresourcesgtogfarms.
B) angincreasegingthegnumbergofgpeoplegemployedgingthegindustry.
C) Canadiansgneedinggmoregfarms.
D) agdecreasegingthegnumbergofgpeoplegemployedgingthegindustry.
E) nonegofgthese.g
Answer:g B
Diff:g2 Type:gMC
PagegRef:g27gSkill:g Compr
ehension
Objective:g 2.2
6) SincegthegincreasegingthegunemploymentglevelgingagsmallgAtlanticgCanadiangtown,gretailersghavegn
oticedgthatgsalesghavegdecreased.gThegretailersgaregbeinggaffectedgbygwhichgelementgofgthegexternalg
environment?
A) Socio-cultural
B) Economic
C) Environmental
D) Global
E) Political-
legalgAnswer:g B
Diff:g2 Type:gMC
PagegRef:g27gSkill:g Compr
ehension
Objective:g 2.2
Copyrightg©g2017gPearsongCanadagInc. 2-2
mynursytest.store
,DOWNLOAD THE Test Bank for Business Essentials 8th Edition Ebert
g g g g g g g g g
BusinessgEssentials,g8ceg Chapt
erg2:gThegEnvironmentgofgBusiness
7) Atgonegtime,gabout
ofgthegpopulationgofgCanadagwasginvolvedgingproducinggthegfoodgthatgwegneeded;gtodayglessgthan
percentgofgthegpopulationgworksgingagriculture.
A) half;g0.5
B) half;g2.5
C) one-third;g5
D) three-quarters;g2.5
E) four-
fifths;g3gAnswe
r:g B
Diff:g3 Type:gMC
PagegRef:g27gSkill:g Knowl
edge
Objective:g 2.2
8) Agriculturalgproductionghasg becauseg .
A) grown;gweghavegincreasedgtotalgoutputgingthatgsector
B) increased;gCanadagimportsgmoregagriculturalgproducts
C) declined;gfewergCanadiansgaregworkinggingagriculture
D) remainedgunchanged;gthereghavegbeengrelativelygfewgchangesgingagriculturalgtechnology
E) increased;gmoregpeoplegareginvolvedgingfarmingg
Answer:g A
Diff:g2 Type:gMC
PagegRef:g27gSkill:g Compr
ehension
Objective:g 2.2
9) Thegmaingmeasuregofggrowthgingangeconomicgsystemgis
A) thegbusinessgcycle.
B) standardgofgliving.
C) grossgnationalgproduct.
D) grossgdomesticgproduct.
E) aggregategoutput.
gAnswer:g E
Diff:g1 Type:gMC
PagegRef:g27gSkill:g Knowl
edge
Objective:g 2.2
10) Whichgisgthegbestgexplanationgforgwhygstandardgofglivinggonlygincreasesgthroughgproductivity?
A) Thegmoreggoodsgthatgaregavailable,gtheglowergpricesgwillgbe.
B) Moreggoodsgaregavailablegwithoutghavinggtogcomegbygadditionalgresources.
C) Productivitygincreasesgthegmoneygsupplygingangeconomy.
D) Purchasinggpowergincreasesgwhengtheregisgmoregconsumergchoice.
E) Pricesgaregdeterminedgbygthegstandardgofgliving.g
Answer:g B
Diff:g1 Type:gMC
PagegRef:g27gSkill:g Knowl
Copyrightg©g2017gPearsongCanadagInc. 2-3
mynursytest.store
, DOWNLOAD THE Test Bank for Business Essentials 8th Edition Ebert
g g g g g g g g g
BusinessgEssentials,g8ceg Chapt
erg2:gThegEnvironmentgofgBusiness
edge
Objective:g 2.2
Copyrightg©g2017gPearsongCanadagInc. 2-4
mynursytest.store
