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business
introduction e-business management

Questions and Answers of Introduction E-Business Management

How does the formation and expansion of the European Union benefit companies in those countries? Do you see any negative effects on those companies?
Why do you believe that many managers and employees have a difficult time adjusting to the changes businesses are making?
The first step in planning and implementing an organizational development program isa. affirming the mission and goals of the organizationb. identifying important markets, products, and services for
Giving employees the authority to make meaningful decisions about their work is known asa. job designb. job enlargementc. job enrichmentd. cross training
If you were an employee in a company undergoing change, would you want to be informed of and involved in the planning even if it requires additional work time and responsibilities? Why or why not?
If you were a manager, would you be in favor of the increased use of work teams among your employees? How would your job change as a result? What new problems do you believe you would encounter?
A progression of related jobs with increasing skill requirements and responsibility is a careera. goalb. reviewc. pland. path
Career development programs are managed bya. the human resources departmentb. each employeec. company executivesd. specially trained consultants hired by the company
What evidence would you look for in a business that would demonstrate it believes in the importance of career development?
How can a business believe in equal opportunity for all employees and still have special career development programs that are not open to all employees?
Do you believe ideas can actually be developed in the same way that a company might manufacture a product? Why or why not?
What are the advantages of creating a room that looks like an elementary school classroom for the first step in idea generation? How do you think the results would be different if the company used a
After working with the BrainStore, what other activities should an organization perform to implement the ideas that were developed?
People in ____ occupations are responsible for specific units in a business and must make decisions about operations and personnel.a. entry-levelb. career-levelc. supervisor/managementd. specialist
Describe the advantages of developing a business plan.
Explain why small businesses often fail.
Explain the situations under which a multinational firm will use home-country, host-country, and thirdcountry nationals in its foreign operations.
If a country regularly has a trade surplus, what will happen to its international business?
Which of the following is not part of the balance of payments?a. current accountb. capital accountc. economic surplusd. All are included as part of the balance of payments.
The theory that a country should specialize in products or services that it can provide more efficiently than can other countries is calleda. international specializationb. competitive advantage
Describe the skills international managers need to be successful.
Explain the difference between current and capital accounts.
Explain the comparative advantage theory and product life cycle theory.
How do changes in currency exchange rates affect international business?
What policies can a government adopt to protect domestic businesses from foreign competition?
Which of the following is not a barrier to free trade?a. tariffsb. dumpingc. quotad. importing
When a company ships a product to a buyer in another country it is engaging ina. exportingb. importingc. international licensingd. a joint venture
Describe the government policies that can be used to control international trade.
List the different forms of international businesses.
Give four reasons why a firm may go into international business.
List the countries where most international trade occurs.
NAFTA includesa. the United States and the EUb. the United States and Canadac. the United States and Mexicod. the United States, Canada, and Mexico
International business has become more dominant in the United States sincea. 1900b. World War Ic. World War IId. 2000
Explain why there has been growth in international business.
Explain why international trade is important to the United States.
Explain how an economic system can control its business cycles.
Explain the three problems that can occur within an economy when the growth rate is too fast or too slow.
A(n) ________ occurs when demand for the total goods and services available is less than the supply.a. inflationb. recessionc. depressiond. business cycle
Which of the following are basic ways to increase the production of goods and services in order to encourage economic growth?a. Increase the number of people in the workforce.b. Decrease the purchase
Describe the two problems that occur when the economic growth rate jumps ahead or drops back too quickly.
List the basic ways of encouraging economic growth.
From the library or the Internet, find out more about the general nature of the country. Such information can be found in an up-to-date encyclopedia in print or online, such as atwww.encarta.msn.com/.
How will India’s youth contribute to making the country more capitalistic than it currently is?
If India has 1 billion people now, how many people are now under 40 years of age? If by the year 2015 the population is 1.2 billion, how many people will be under 25 years of age?
Explain how supply and demand help determine the price of goods and services.
Explain how the overestimation of profits earned by a business can affect a society.
The number of products that will be bought at a given time at a given price is calleda. supplyb. demandc. priced. quantity
Items of value that individuals have the right to own, use, and sell are known asa. public goodsb. product utilityc. private propertyd. all of the above
What special feature of a free-enterprise system helps keep the prices of goods and services down?
Explain why private property is essential to a capitalistic system.
Describe the goals of privatizing government services.
Describe why most countries can be seen as having a mixed economy.
Jax lives in a country where only individual buying decisions in the marketplace determine what, how, and for whom goods and services will be produced. Jax lives in a country that has primarily aa.
An organized way for a country to decide how to use its productive resources is called a(n)a. economic systemb. political systemc. economic-political systemd. political economy
List three types of economic-political systems.
Explain how a market economy differs from a command economy.
What is the difference between capital goods and consumer goods?
What are the four most common types of utility?
The ability of a good or a service to satisfy a want is calleda. economizing wantsb. utilityc. productiond. benefiting
The body of knowledge that relates to producing and using goods and services that satisfy human wants is calleda. needs analysisb. marketingc. economicsd. none of the above
What are the four basic resources used by a producer?
Explain how a business can ensure that its code of ethics will be effective.
Because businesses are established for making profits, the only way to ensure that they behave ethically is to have strong laws that require them to do so. Do you agree with this statement? Justify
The duty of a business to contribute to the well-being of society is calleda. business ethicsb. social responsibilityc. constituency analysisd. business responsibility
Which of the following is not related to the concept of ethics?a. Ethics refers to standards of moral conduct.b. Ethical behavior is closely linked to personal values.c. Ethics always shows what is
List the reasons that a business needs to be concerned about social responsibility issues.
Describe why ethics is important to a business.
Give at least two examples of how environmental goals can be at odds with energy conservation goals.
Identify a list of employer practices that have enhanced the quality of work life for employees.
Pollution can, in part, be controlled througha. recyclingb. EPA regulationsc. following the CERES Principlesd. all of the above
Which of the following is not true for the Net Generation?a. They expect to change jobs many times during their careers.b. They were born between 1977 and 1997.c. They are the post-baby-boom
List natural resources issues impacting businesses and describe how these businesses are reacting to them.
Describe how employers are reacting to changing societal issues.
What has caused the decline in the number of young workers in recent years?
What factors are contributing to the growth of the U.S. population?
When people encounter difficulties in being promoted to management above a certain level they have encountereda. a glass ceilingb. a promotion ceilingc. a sticky floord. a legal barrier
The U.S. labor force includesa. people aged 16 and over who are available for workb. employed people aged 16 and overc. unemployed people aged 16 and overd. all of the above
List the factors influencing the U.S. labor force.
What factors are influencing shifts in the U.S. population?
What are a business’s responsibilities to the community in which it operates? What are the community’s responsibilities to businesses?
What factors do you believe have contributed to the very large GDP of the United States compared to that of most other countries?
Which of the following is not offered to a franchisee by a franchisor?a. help in finding a location for the businessb. operating procedures and policiesc. a guaranteed minimum profitd. the use of the
An example of income that would be included in the underground economy but not included in the GDP isa. small-business profitsb. income generated by oil and gas productionc. income from the sale of
What is the main difference between an entrepreneur and an intrapreneur?
What does gross domestic product (GDP) measure?
What specific actions did Michael Dell take to make his company effective?
What are some reasons that quality increases when employees are empowered to make decisions about their work?
Why were Japanese automobile manufacturers able to compete effectively with U.S. manufacturers who were considered world leaders?
Which of the following is not one of the ways companies can achieve efficiency?a. Specialization of effortb. Reducing prices charged to customersc. Better technology and innovationd. Reorganization
The ability of businesses from one country to compete with similar businesses in other countries is known asa. domestic competitionb. foreign competitionc. global competitiond. fair competition
Why must companies be concerned about both effectiveness and efficiency?
Identify two major types of changes that present challenges to business.
What are two ways that innovations affect businesses?
How do commercial businesses support the work of industrial businesses?
Why are service businesses growing faster than other types of businesses in the United States?
A lawn-mowing business is an example ofa. a service businessb. an industrial businessc. a manufacturing businessd. a marketing business
An organization that produces or distributes goods or services for a profit isa. a producerb. a manufacturerc. a businessd. an industry
List an example of an industrial business, a commercial business, and a service business.
What is the difference between a manufacturing firm and a service firm?
Explain how technology is affecting workers’ jobs.

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