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business
introduction e-business management
Business Principles And Management 12th Edition James L. Burrow, Kenneth E. Everard, Brad Kleindl - Solutions
What factors are contributing to the growth of the U.S. population?
When people encounter difficulties in being promoted to management above a certain level they have encountereda. a glass ceilingb. a promotion ceilingc. a sticky floord. a legal barrier
The U.S. labor force includesa. people aged 16 and over who are available for workb. employed people aged 16 and overc. unemployed people aged 16 and overd. all of the above
List the factors influencing the U.S. labor force.
What factors are influencing shifts in the U.S. population?
What are a business’s responsibilities to the community in which it operates? What are the community’s responsibilities to businesses?
What factors do you believe have contributed to the very large GDP of the United States compared to that of most other countries?
Which of the following is not offered to a franchisee by a franchisor?a. help in finding a location for the businessb. operating procedures and policiesc. a guaranteed minimum profitd. the use of the company’s name and trademark
An example of income that would be included in the underground economy but not included in the GDP isa. small-business profitsb. income generated by oil and gas productionc. income from the sale of servicesd. cash paid for work that is not reported on taxes
What is the main difference between an entrepreneur and an intrapreneur?
What does gross domestic product (GDP) measure?
What specific actions did Michael Dell take to make his company effective?
What are some reasons that quality increases when employees are empowered to make decisions about their work?
Why were Japanese automobile manufacturers able to compete effectively with U.S. manufacturers who were considered world leaders?
Which of the following is not one of the ways companies can achieve efficiency?a. Specialization of effortb. Reducing prices charged to customersc. Better technology and innovationd. Reorganization of all work activities
The ability of businesses from one country to compete with similar businesses in other countries is known asa. domestic competitionb. foreign competitionc. global competitiond. fair competition
Why must companies be concerned about both effectiveness and efficiency?
Identify two major types of changes that present challenges to business.
What are two ways that innovations affect businesses?
How do commercial businesses support the work of industrial businesses?
Why are service businesses growing faster than other types of businesses in the United States?
A lawn-mowing business is an example ofa. a service businessb. an industrial businessc. a manufacturing businessd. a marketing business
An organization that produces or distributes goods or services for a profit isa. a producerb. a manufacturerc. a businessd. an industry
List an example of an industrial business, a commercial business, and a service business.
What is the difference between a manufacturing firm and a service firm?
Explain how technology is affecting workers’ jobs.
List six current Internet business statistics.
The three stages of e-commerce development for the Internet include all of the following excepta. offering information onlyb. progressing to interactive capabilitiesc. developing online videosd. integrating business transactions on the Web
Describe the three main business uses for the Internet.
How many people are online around the world?a. 600 millionb. 1 billionc. 1.5 billiond. 3 billion
The Internet can improve business operations by facilitatinga. logging on by salespeople to a company’s Web siteb. gathering information for research reportsc. communicating with customersd. all of the above
Briefly describe the history of the Internet.
Describe how the Internet is changing business communication.
List the three stages of e-commerce development.
Currently in many states, some products (such as food and newspapers) are not subjected to sales tax, and other products(such as automobiles and business equipment) have a lower sales tax rate. Do you agree that all businesses should be treated equally in the amount of taxes they are required to
Use the Internet to find recent information on the status of taxation of e-commerce sales by the federal government as well as by your state and city.
List four leading e-commerce companies and their business areas.
Describe how bankruptcy works for debtors and creditors.
List the major advantages of the corporate form of business.
The advantages of a corporate form of ownership include all of the following excepta. double taxationb. available sources of capitalc. limited liabilityd. permanency of existence
A corporation that does not offer its stock to the public for sale is called a(n)a. close corporationb. open corporationc. private corporationd. none of the above
Identify the types of businesses that would benefit from a corporate form of ownership.
List the disadvantages of the corporate form of ownership.
List the advantages of a corporation over a proprietorship or partnership.
Explain why a corporation would want to be open instead of close.
Using a library or the Internet, find a recent report that deals with a CEO being fired by a board. Determine the causes for dismissal.
Do you believe the ethics of corporations differ much from the ethics in nonprofit organizations, such as between the superintendent of a school system and the board of education?Explain your answer.
List the major disadvantages of the corporate form of business.
List three types of organizations that are specialized alliances between companies or individuals.
List the main advantage of choosing an LLC or Subchapter S status.
Explain why monopolies are bad for a society.
The ________ protects businesses from unfair methods of competition.a. Federal Trade Commission (FTC)b. Federal Competition Commission (FCC)c. Federal Transportation Commission (FTC)d. Federal Monopoly Commission (FMC)
A _________ exists when only one company provides a product or service without competition from other companies.a. oligopolyb. monopolyc. monogamyd. none of the above
List the four federal acts that are designed to promote fair competition.
Describe the reasons that society may want to allow a natural monopoly.
Explain why a company would elect to have an LLC or Subchapter S status.
Explain the advantages of structuring a virtual corporation.
A corporation can have a special tax status by filing as a(n)a. LLCb. Subchapter S corporationc. nonprofit corporationd. all of the above
Organizations that are specialized alliances between companies or individuals include all of the following excepta. joint venturesb. virtual corporationsc. cooperativesd. LLCs
Describe the steps a company must take to become a corporation.
List the basic rights of stockholders.
The ruling body in corporations is calleda. stockholdersb. directorsc. officersd. all of the above
Explain how a balance sheet is used to show owner equity.
Disadvantages of proprietorships include all of the following excepta. owner is likely to have all of the skills needed for the businessb. owner may lack fundsc. owner bears all the lossesd. owner may need to close the business in case of illness
Advantages of proprietorships include all of the following excepta. owner is their own bossb. owner receives all the profitsc. owner deals with limited red taped. owner pays more taxes than corporations
List the types of business that would be a good fit for a sole proprietor.
List the advantages and disadvantages of being a sole proprietor.
Explain why a large business would want to have an employee with entrepreneurial skills.
Describe how the U.S. government supports small businesses.
A business plan is a written document thata. describes the nature of the businessb. describes the company’s goals and objectivesc. describes how goals and objectives will be achievedd. all of the above
Which of the following is not characteristic of entrepreneurs?a. They are self-starters.b. They like to make sure others do most of the work.c. They enjoy working on their own.d. They usually work hard and for long periods.
Explain why a business that is small enough to be managed by one or a few people and does not require a large amount of capital would be good for a proprietorship.
List the advantages and disadvantages of being in a partnership.
List the types of businesses that would be a good fit for a partnership.
Which of the following is not true for a corporation?a. A corporation is owned by one person or a group of people.b. Corporations are authorized by the state.c. A corporation acts as though it were a single person, separate from its owners.d. All of the above are true.
List the three basic steps involved in setting up a corporation.
List the three key types of people in corporations.
Determine what the company is doing today to fulfill its social obligations. Also find out about its new products, sales, and profits.
At the outset, was Ben and Jerry’s business typical for a new enterprise? Give reasons for your answer.
Describe the nature of businesses that are suited to being partnerships.
Explain the advantages of being a limited partner in a company.
Disadvantages of partnerships include all of the following excepta. partnerships may reduce competitionb. partners may disagreec. partners are bound by contracts of othersd. partnerships have an uncertain life
Advantages of partnerships include all of the following excepta. partners can pool skills and abilitiesb. partners provide greater amounts of capitalc. partners have limited liabilityd. the business’s credit is improved
Describe the three areas of intellectual property protection.
Explain why managing change is important for today’s managers.
Which of the following is not true about ergonomics?a. Ergonomics studies the relationships between people and machines.b. Ergonomics engineers design systems that reduce strain.c. Ergonomics includes the use of lighting.d. All of the above are true.
Which of the following can be seen as health problems for knowledge workers?a. eye strainb. backachesc. carpal tunnel syndromed. all of the above
List the health problems someone can have from using computers.
Describe how technology has impacted the cost of producing goods and services.
Describe the advantages that information systems offer to businesses.
Describe the advantages intranets offer to businesses.
A computer that stores data and application software for all PC workstations is called aa. mainframeb. serverc. networkd. local area network
The movement of information from one location to another electronically is calleda. a networkb. the Internetc. telecommunicationd. computer-based communication
Describe the three key types of information systems.
Describe the difference between an intranet and an extranet.
Using a library or the Internet, find out more about Tim Berners-Lee and write a report for the class.
Explain the three types of tax policies.
Do the selling methods of Internet advertisers invade your privacy any more than do companies who mail you advertising or call you at home to try to sell you their products?Defend your answer.
Identify three people who have purchased an item on the Internet. Ask these people if they read the privacy policy before purchasing and if they know what a “cookie” is.Report your findings to the class.
Describe how local governments regulate businesses.
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