Exam (elaborations)

Test Bank For Business Essentials, 12th Edition. Ronald J. Ebert. Ricky W. Griffin

4 purchases

Course
Exam

Institution
Vanderbilt University

Book
Business

Take the stress out of studying and ace your business course with this comprehensive test bank for Business Essentials, 12th Edition. Designed to complement the textbook, this resource gives you the tools you need to understand core business concepts and excel in your exams. Why This Test Bank i...

[Show more]

Preview 4 out of 946 pages

View example

Uploaded on January 12, 2022
Number of pages 946
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

test bank for business essentials
12th edition ronald j ebert ricky w griffin

clintonson Member since 3 year 240 documents sold

$15.49

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Test Bank For Business Essentials, 12th
Edition. Ronald J. Ebert. Ricky W.
Griffin

,Business Essentials, 9e (Ebert/Griffin)
Chapter 1 The U.S. Business Environment

MGT 100 Exam 1
Question: Q11. The global business environment encompasses many international
forces that influence the outcomes of companies doing business in foreign countries.
Which of the following scenarios would best count as evidence of globalization?
Correct Answer: b. A natural disaster disables factories in Country X that produce
computer chips for Company Y. Company Y reduces the number of employee shifts and
raises the price of its products.
Given Answer: c. Farmers in Country X have lost most of their wheat crops due to
a drought. The market price for wheat triples and the government pays the farmers for a
percentage of the lost wheat.

Question: Q14. A city of 150,000 people has a large commercial sector bringing in
businesses from the surrounding region. In 2010, there was 2.75 million square feet of
commercial space available. Five years later, after a building boom, there was 5.5 million
square feet of commercial space available. Which effect will most likely occur?
Correct Answer: c. The price of commercial real estate will decrease, absent a
dramatic increase in demand.
Given Answer: e. The increase in supply will cause a corresponding increase in
demand.

Question: Q26. The CEO of Perry's Pizzeria, a rapidly growing restaurant chain, is
committed to a high level of corporate social responsibility along with continued business
success. Which action by the CEO would most enhance the company's reputation for
social responsibility?
Correct Answer: a. using more nutritious, but more expensive, ingredients
Given Answer: e. taking steps that would cause competitors to close their doors

MGT 100 Exam 2
Question: Q12. What type of departments is linked to the production and sales of
specific products?
Correct Answer: c. line departments
Given Answer: e. entrepreneurial departments

Question: Q15. Which of the following organizational systems is represented by
organization chart and the formal assignment of authority?
Correct Answer: b. formal organization
Given Answer: c. informal organization

Question: Q23. Positive reinforcement is used when a company or manager provides
a reward when employee exhibit desired behaviors.
Correct Answer: a. True

. 18:36

,Given Answer: b. False

MGT 100 Exam 4
Question: Q10. Greg feels comfortable that no one can open and read his e-mails.
What does Greg have installed in his computer?
Correct Answer: c. encryption software
Given Answer: d. a Trojan horse

1) The customs, values, and demographic characteristics of the society in which an
organization functions are the principal elements of the political-legal environment.
Answer: FALSE
Explanation: These are the main considerations of the sociocultural environment. The
political-legal environment reflects the relationship between business and government,
usually in the form of government regulation of business.
Page Ref: 5
Difficulty: Easy
Objective: 1.2
Learning Outcome: Compare and contrast different economic systems
Skill: Concept

2) Physical resources include the data and other information used by businesses.
Answer: FALSE
Explanation: Physical resources are the tangible resources that organizations use to
conduct their business such as natural resources, raw materials, offices, storage and
production facilities, parts and supplies, computers and peripherals, and a variety of other
equipment.
Page Ref: 8
Difficulty: Easy
Objective: 1.3
Learning Outcome: Identify the different types of technologies used in business and
describe their uses
Skill: Concept

3) Economic systems differ in how factors of production are used.
Answer: TRUE
Explanation: Different types of economic systems manage the factors of production
differently. In capitalism, for instance, they are managed by private individuals with
capital resources, while in a command economy the government manages the factors of

. 18:36

, production.
Page Ref: 9
Difficulty: Easy
Objective: 1.3
Learning Outcome: Compare and contrast different economic systems
Skill: Concept

. 18:36

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller clintonson. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Seller

Exam (elaborations) ·

Exam (elaborations)

Test Bank For Business Essentials, 12th Edition. Ronald J. Ebert. Ricky W. Griffin

Document information

Subjects

Connected book

More summaries for

Written for