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    Bus 100 Quiz 1 Strayer

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    vfarkus7638
    The document consists of 20 multiple choice questions testing knowledge of business concepts such as sustainability, e-commerce, diversity, corporate structure, and forms of business ownership. The respondent answered 16 of the 20 questions correctly relating to topics like natural resources, standard of living, marketing, economic environment, and mergers.

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    Bus 100 Quiz 1 Strayer

    Uploaded by

    vfarkus7638
    7K views6 pages
    The document consists of 20 multiple choice questions testing knowledge of business concepts such as sustainability, e-commerce, diversity, corporate structure, and forms of business ownership. The respondent answered 16 of the 20 questions correctly relating to topics like natural resources, standard of living, marketing, economic environment, and mergers.

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    Quiz 1

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    Bus 100 Quiz 1 Strayer.docx

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    The document consists of 20 multiple choice questions testing knowledge of business concepts such as sustainability, e-commerce, diversity, corporate structure, and forms of business ownership. The respondent answered 16 of the 20 questions correctly relating to topics like natural resources, standard of living, marketing, economic environment, and mergers.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    7K views6 pages

    Bus 100 Quiz 1 Strayer

    Uploaded by

    vfarkus7638
    The document consists of 20 multiple choice questions testing knowledge of business concepts such as sustainability, e-commerce, diversity, corporate structure, and forms of business ownership. The respondent answered 16 of the 20 questions correctly relating to topics like natural resources, standard of living, marketing, economic environment, and mergers.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    Question 1

    3 out of 3 points Doing business today without harming the ability of future generations to meet their needs is referred to as Answer Selected Answer: sustainability. Correct Answer: sustainability.

    Question 2
    0 out of 3 points Successful firms of today would Answer Selected Answer: Correct Answer: embrace change. avoid new opportunities if what they are currently doing works well.

    Question 3
    3 out of 3 points Business transactions that occur online are examples of Answer Selected Answer: e-commerce. Correct Answer: e-commerce.

    Question 4
    3 out of 3 points Which of the following is not considered a natural resource?

    Answer Selected Answer: soybeans Correct Answer: soybeans

    Question 5
    3 out of 3 points _____ refers to the quality and quantity of products and goods available to a population at a given time. Answer Selected Answer: Standard of living Correct Answer: Standard of living

    Question 6
    3 out of 3 points ____ refers to differences in gender, age, religion, and nationality that affect the workforce. Answer Selected Answer: Diversity Correct Answer: Diversity

    Question 7
    3 out of 3 points The core goal of business is to generate long-term _____ by delivering _____ to their customers. Answer Selected Answer: profits; value

    Correct Answer: profits; value

    Question 8
    3 out of 3 points The marketing era introduced Answer Selected Answer: the marketing concept. Correct Answer: the marketing concept.

    Question 9
    3 out of 3 points The stock market, housing foreclosures, and unemployment rates are all part of an organizationss ____ environment. Answer Selected Answer: economic Correct Answer: economic

    Question 10
    3 out of 3 points The evolution of business included the Answer Selected Answer: entrepreneurship era. Correct Answer: entrepreneurship era.

    Question 11
    3 out of 3 points

    A corporation must register as a _____ in every state in which it operates other than its state of incorporation. Answer Selected Answer: foreign corporation Correct Answer: foreign corporation

    Question 12
    0 out of 3 points The majority of businesses today are formed as Answer Selected Answer: limited liability partnerships. Correct Answer: sole proprietorships.

    Question 13
    0 out of 3 points A _____ maintains limited liability but offers more flexibility in terms of tax treatment than other forms of business ownership. Answer Selected Answer: limited liability partnership Correct Answer: limited liability company

    Question 14
    3 out of 3 points A company must register as a foreign corporation if they Answer Selected Answer: plan on doing business in another state.

    Correct Answer: plan on doing business in another state.

    Question 15
    3 out of 3 points In an acquisition, the firm being purchased is the _____ and the firm which is purchasing the other firm is the _____. Answer Selected Answer: target firm; acquiring firm Correct Answer: target firm; acquiring firm

    Question 16
    3 out of 3 points The party in a franchise relationship that pays for the right to use resources supplied by another business entity is known as the Answer Selected Answer: franchisee. Correct Answer: franchisee.

    Question 17
    3 out of 3 points A(n) _____ merger is the combination of two or more firms at different stages of production of a given product or service, so the firms have a buyer-seller relationship. Answer Selected Answer: vertical Correct Answer: vertical

    Question 18

    3 out of 3 points A key advantage of a corporation is that Answer Selected Answer: the owners maintain limited liability. Correct Answer: the owners maintain limited liability.

    Question 19
    3 out of 3 points In the United States, _____ are the dominant form of business ownership in terms of net income. Answer Selected Answer: corporations Correct Answer: corporations

    Question 20
    3 out of 3 points A _____ is a legal entity created by permission of a state or federal government. Answer Selected Answer: corporation Correct Answer: corporation

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