5.03, 5.04 and 5.05 POB Review

5.03, 5.04 and 5.05 POB Review

9th - 12th Grade

23 Qs

quiz-placeholder

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5.03, 5.04 and 5.05 POB Review

5.03, 5.04 and 5.05 POB Review

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

albert reid

Used 195+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A small-business owner whose business is a sole proprietorship is planning to “go global.” What method for going global would be best to recommend to the small-business owner?

Start by hiring an export management company.
Start by building facilities in the countries of interest.
Start by merging with a foreign business that can sell your products.
Start by renting facilities in the countries of interest and hiring foreign employees.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is an example of an economic factor that affects the business environment?

business cycle
employee morale
management style
long-term goals

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The two main divisions of the trade industry are:

manufacturers and wholesalers.
wholesalers and retailers.
producers and retailers.
wholesalers and producers.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A U.S. company would decide to offer its products in other countries as a reason to:

subsidize developing countries.
sell obsolete, outdated products.
expand to new, untapped markets.
provide jobs to people in other countries.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which factor has aided the most in creating a global business environment?

technology
government
cultural change
exchange rate

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is a factor that affects the business environment?

industry competition
staff organization
information management
conflict negotiation

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which situation would most likely indicate the need to adapt to changes in the business environment?

The supply of materials used in manufacturing a product has decreased.
The number of the business's competitors has decreased.
The demand for the product is stable.
The business has experienced little employee turnover during the past year.

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