Globus Exam 3 2023 with 100% correct answers

T/F 1) For-profit businesses operating in long-standing fields such as energy and transportation usually operate in an environment of price stability. F T/F 2) A small coffee shop faces significant potential competition because of the low capital requirements compared with business environments such as universities and laboratories. T T/F 3) A company that owns failing movie theaters could leverage existing assets by turning the buildings into performance spaces and conference sites. T 4) The government of Filvia has mandated that the standard minimum wage in the country be increased to $8,000 per year. Which of the following factors in a firm''s general environment does this mandate best indicate? A) ecological factors B) sociocultural factors C) technological factors D) legal factors D 5) Kirsten, a manager, is writing an analysis of her employer''s current and possible future revenues. Which of the following could she identify as an economic factor in her firm''s external general environment? A) the government regulations and laws in the country in which the firm exists B) the stage of the business cycle that the country is in C) the values and norms prevalent in the society in which the firm operates D) the bargaining power of the firm''s suppliers and buyers B