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WPC 150 questions with verified answers
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WPC 150 questions with verified answers
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WPC 150 questions with verifiedanswers
Business environment - correct answer ✔✔The surrounding factors that either help or hinder the
development of businesses.
Empowerment - correct answer ✔✔Giving frontline workers the responsibility, authority, freedom,
training, and equipment they need to respond quickly to customer requests.
factors of product - correct answer ✔✔The resources used to create wealth: land, labor, capital,
entrepreneurship, and knowledge.
Greening - correct answer ✔✔The trend toward saving energy and producing products that cause less
harm to the environment.
Outsourcing - correct answer ✔✔Contracting with other companies (often in other countries) to do
some or all of the functions of a firm, like its production or accounting tasks.
Stakeholders - correct answer ✔✔All the people who stand to gain or lose by the policies and activities
of a business and whose concerns the business needs to address.
Businesses are part of a country's ___________ , system that distributes its resources and contributes to
the standard of living and quality of life of its citizens. - correct answer ✔✔Economic
The purposes of nonprofit organizations include: - correct answer ✔✔filling an educational need
filling a societal need
One of the ways government can encourage business is to provide ___________ that is easily exchanged
or traded for that of other countries - correct answer ✔✔currency
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