BUSN 11 Chapter 1 Practice Questions With Revised Answers
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Course
BUSN 11
Institution
BUSN 11
BUSN 11 Chapter 1 Practice Questions With
Revised Answers
Which of the following is a similarity between millennials and digital natives? - answerLike
millennials, digital natives tend to be extremely tolerant and inclusive.
Which of the following statements is true of entrepreneurs? - answerTh...
BUSN 11 Chapter 1 Practice Questions With
Revised Answers
Which of the following is a similarity between millennials and digital natives? - answer✔✔Like
millennials, digital natives tend to be extremely tolerant and inclusive.
Which of the following statements is true of entrepreneurs? - answer✔✔They produce a ripple
effect that enriches everyone around them.
The quality and quantity of goods and services available to a population is referred to as the
_____. - answer✔✔standard of living
In the context of the history of American business, which of the following statements is true of
the industrial revolution? - answer✔✔Factories hired large numbers of semiskilled workers who
specialized in a limited number of tasks.
In the context of the history of American business, which of the following statements is true of
the entrepreneurship era? - answer✔✔Large-scale entrepreneurs emerged in the second half of
the 1800s, building business empires.
During the _____, the government of the United States stepped into the business realm to pass
laws to regulate business and protect consumers and workers. - answer✔✔entrepreneurship era
In the context of the history of American business, which of the following statements is true of
the production era? - answer✔✔Jobs became specialized, increasing productivity and lowering
costs and prices.
Which of the following marketing concepts emerged during the marketing era? - answer✔✔A
consumer focus that permeates successful companies in every department, at every leve
In the context of the history of American business, which of the following is a feature of the
relationship era? - answer✔✔Cultivating current customers turn out to be more profitable than
constantly seeking new ones
Conela is a nonprofit organization that renovates abandoned government schools and facilitates
their functioning. It is headed by two social activists and is funded by the government. Which of
the following statements is true of Conela? - answer✔✔It takes in revenue like any other
business.
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