Introduction to Business by Kelly Williams Business

Introduction to Business by Kelly Williams Business

9th Grade

10 Qs

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Introduction to Business by Kelly Williams Business

Introduction to Business by Kelly Williams Business

Assessment

Quiz

Other

9th Grade

Practice Problem

Hard

Created by

Heli Lehtosaari

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the business environment?

The business environment is the external factors that affect a company's operations.

The business environment is only influenced by the company's CEO.

The business environment is the internal factors that affect a company's operations.

The business environment is static and never changes.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the concept of globalization in business.

Globalization in business involves businesses expanding internationally to reach new markets, utilize resources efficiently, and adapt to diverse cultures.

Globalization in business involves businesses limiting their operations to one country to avoid risks.

Globalization in business means businesses should avoid interacting with other countries to maintain independence.

Globalization in business refers to the process of shrinking the size of the business to focus on local markets only.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does technology impact businesses without borders?

Technology increases the cost of doing business across borders

Technology enables businesses to expand their reach, streamline operations, and adapt to different cultural and regulatory environments.

Technology has no impact on businesses without borders

Technology limits the growth potential of businesses without borders

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the key factors influencing the business environment?

Economic conditions, Technological advancements, Political and legal regulations, Social and cultural trends, Competitive landscape, Environmental concerns

Weather conditions, Technological advancements, Political and legal regulations

Economic conditions, Technological advancements, Social and cultural trends

Economic conditions, Technological advancements, Competitive landscape

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Discuss the importance of cultural differences in international business.

Ignoring cultural differences leads to successful international business ventures

Cultural awareness is not necessary in international business

Cultural differences are important in international business because they influence communication, negotiation, decision-making, and overall business practices.

Cultural differences have no impact on international business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do political factors affect businesses operating globally?

Global businesses are not influenced by diplomatic relations between countries

Political factors can affect businesses through changes in regulations, trade policies, taxation, stability of governments, and diplomatic relations between countries.

Political factors have no impact on businesses

Businesses are not affected by changes in regulations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the advantages of businesses expanding beyond national borders?

Higher taxes and tariffs in foreign countries

Language and cultural barriers

Access to new markets, reduced dependence on a single economy, lower production costs, access to new talent pools, risk diversification

Increased competition in the domestic market

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