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business
introduction e-business management

Questions and Answers of Introduction E-Business Management

List six current Internet business statistics.
The three stages of e-commerce development for the Internet include all of the following excepta. offering information onlyb. progressing to interactive capabilitiesc. developing online videosd.
Describe the three main business uses for the Internet.
How many people are online around the world?a. 600 millionb. 1 billionc. 1.5 billiond. 3 billion
The Internet can improve business operations by facilitatinga. logging on by salespeople to a company’s Web siteb. gathering information for research reportsc. communicating with customersd. all of
Briefly describe the history of the Internet.
Describe how the Internet is changing business communication.
List the three stages of e-commerce development.
Currently in many states, some products (such as food and newspapers) are not subjected to sales tax, and other products(such as automobiles and business equipment) have a lower sales tax rate. Do
Use the Internet to find recent information on the status of taxation of e-commerce sales by the federal government as well as by your state and city.
List four leading e-commerce companies and their business areas.
Describe how bankruptcy works for debtors and creditors.
List the major advantages of the corporate form of business.
The advantages of a corporate form of ownership include all of the following excepta. double taxationb. available sources of capitalc. limited liabilityd. permanency of existence
A corporation that does not offer its stock to the public for sale is called a(n)a. close corporationb. open corporationc. private corporationd. none of the above
Identify the types of businesses that would benefit from a corporate form of ownership.
List the disadvantages of the corporate form of ownership.
List the advantages of a corporation over a proprietorship or partnership.
Explain why a corporation would want to be open instead of close.
Using a library or the Internet, find a recent report that deals with a CEO being fired by a board. Determine the causes for dismissal.
Do you believe the ethics of corporations differ much from the ethics in nonprofit organizations, such as between the superintendent of a school system and the board of education?Explain your answer.
List the major disadvantages of the corporate form of business.
List three types of organizations that are specialized alliances between companies or individuals.
List the main advantage of choosing an LLC or Subchapter S status.
Explain why monopolies are bad for a society.
The ________ protects businesses from unfair methods of competition.a. Federal Trade Commission (FTC)b. Federal Competition Commission (FCC)c. Federal Transportation Commission (FTC)d. Federal
A _________ exists when only one company provides a product or service without competition from other companies.a. oligopolyb. monopolyc. monogamyd. none of the above
List the four federal acts that are designed to promote fair competition.
Describe the reasons that society may want to allow a natural monopoly.
Explain why a company would elect to have an LLC or Subchapter S status.
Explain the advantages of structuring a virtual corporation.
A corporation can have a special tax status by filing as a(n)a. LLCb. Subchapter S corporationc. nonprofit corporationd. all of the above
Organizations that are specialized alliances between companies or individuals include all of the following excepta. joint venturesb. virtual corporationsc. cooperativesd. LLCs
Describe the steps a company must take to become a corporation.
List the basic rights of stockholders.
The ruling body in corporations is calleda. stockholdersb. directorsc. officersd. all of the above
Explain how a balance sheet is used to show owner equity.
Disadvantages of proprietorships include all of the following excepta. owner is likely to have all of the skills needed for the businessb. owner may lack fundsc. owner bears all the lossesd. owner
Advantages of proprietorships include all of the following excepta. owner is their own bossb. owner receives all the profitsc. owner deals with limited red taped. owner pays more taxes than
List the types of business that would be a good fit for a sole proprietor.
List the advantages and disadvantages of being a sole proprietor.
Explain why a large business would want to have an employee with entrepreneurial skills.
Describe how the U.S. government supports small businesses.
A business plan is a written document thata. describes the nature of the businessb. describes the company’s goals and objectivesc. describes how goals and objectives will be achievedd. all of the
Which of the following is not characteristic of entrepreneurs?a. They are self-starters.b. They like to make sure others do most of the work.c. They enjoy working on their own.d. They usually work
Explain why a business that is small enough to be managed by one or a few people and does not require a large amount of capital would be good for a proprietorship.
List the advantages and disadvantages of being in a partnership.
List the types of businesses that would be a good fit for a partnership.
Which of the following is not true for a corporation?a. A corporation is owned by one person or a group of people.b. Corporations are authorized by the state.c. A corporation acts as though it were a
List the three basic steps involved in setting up a corporation.
List the three key types of people in corporations.
Determine what the company is doing today to fulfill its social obligations. Also find out about its new products, sales, and profits.
At the outset, was Ben and Jerry’s business typical for a new enterprise? Give reasons for your answer.
Describe the nature of businesses that are suited to being partnerships.
Explain the advantages of being a limited partner in a company.
Disadvantages of partnerships include all of the following excepta. partnerships may reduce competitionb. partners may disagreec. partners are bound by contracts of othersd. partnerships have an
Advantages of partnerships include all of the following excepta. partners can pool skills and abilitiesb. partners provide greater amounts of capitalc. partners have limited liabilityd. the
Describe the three areas of intellectual property protection.
Explain why managing change is important for today’s managers.
Which of the following is not true about ergonomics?a. Ergonomics studies the relationships between people and machines.b. Ergonomics engineers design systems that reduce strain.c. Ergonomics
Which of the following can be seen as health problems for knowledge workers?a. eye strainb. backachesc. carpal tunnel syndromed. all of the above
List the health problems someone can have from using computers.
Describe how technology has impacted the cost of producing goods and services.
Describe the advantages that information systems offer to businesses.
Describe the advantages intranets offer to businesses.
A computer that stores data and application software for all PC workstations is called aa. mainframeb. serverc. networkd. local area network
The movement of information from one location to another electronically is calleda. a networkb. the Internetc. telecommunicationd. computer-based communication
Describe the three key types of information systems.
Describe the difference between an intranet and an extranet.
Using a library or the Internet, find out more about Tim Berners-Lee and write a report for the class.
Explain the three types of tax policies.
Do the selling methods of Internet advertisers invade your privacy any more than do companies who mail you advertising or call you at home to try to sell you their products?Defend your answer.
Identify three people who have purchased an item on the Internet. Ask these people if they read the privacy policy before purchasing and if they know what a “cookie” is.Report your findings to
Describe how local governments regulate businesses.
Describe how the federal government protects consumers of goods and services.
Explain the difference between the Internet and the World Wide Web.
Business operations and transactions that cross state lines are calleda. interstate commerceb. intrastate commercec. multistate commerced. national commerce
A _______ allows an inventor the sole right for 20 years to make, use, and sell an invention or a process.a. patentb. copyrightc. trademarkd. license
List three ways that local governments regulate business.
Describe the three most common taxes levied on businesses and individuals.
A tax based on a person’s ability to pay is called aa. proportional taxb. flat taxc. progressive taxd. regressive tax
The largest source of revenue for the federal government isa. sales taxesb. income taxesc. import taxesd. property taxes
How did the addition of the WWW increase use of the Internet?
Explain why Moore’s Law is an important idea.
Describe the type of information that can be processed with a PDA.
The original facts and figures that businesses generate are calleda. datab. informationc. figuresd. information points
An individual who wishes to access the World Wide Web needsa. an ISPb. a browserc. a computing deviced. all of the above
Describe the three main parts of a computer.
Explain how taxes affect business decisions.
Describe the two ways governments use taxes.
Describe three areas in which government protects consumers.
Do you agree or disagree with Vineet Nayar’s management philosophy? Why?
If you were a supervisor, what would you do to make sure each employee is aware of his or her responsibilities and authority?What could you do to make your employees feel empowered to make decisions
Do you believe that a large business will operate more efficiently and effectively with more or fewer organizational units? Justify your answer.
The number of employees that any one manager supervises directly is thea. span of controlb. unity of commandc. division of workd. assignment of responsibility and authority
A well-designed organizational chart shows all of the following excepta. the major work units that make up the businessb. which unit each employee is affiliated with, how it relates to other units,
What is likely to happen if employees are assigned responsibility for work tasks but are not given the needed authority?
What are the three elements that should be considered when organizing work?
How can businesses use information from competitors and customers when establishing quality standards for their products and services?
How does the use of effective goals increase the chances that business plans will be successful? Discuss each of the characteristics of an effective goal.

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