Question 1

As he explores his options for starting a new business,Sergio has looked into the tax implications and government regulations that he would encounter.He wants to maintain an office in a different location from his home.He has discovered that some nearby communities offer tax credits and lower taxes than his town.Sergio's decision will be influenced by the:
A)demographic environment.
B)technological environment.
C)socio-religious environment.
D)economic and legal environment.

Accepted Answer

Sergio's consideration of tax implications and government regulations indicate that he is factoring in the economic and legal environment. The economic and legal environment includes factors such as taxation, government regulations, and economic conditions that can influence business decisions.

Question 2

As he explores his options,Sergio notices that some opportunities appear to be riskier than others.When considering various opportunities,Sergio should keep in mind that:
A)he will be better off picking a low risk business opportunity,since the safest ones are usually the most profitable as well.
B)even though some opportunities appear riskier than others,the level of risk actually varies little from one opportunity to another.
C)high risk business opportunities often have the potential for high returns as well.
D)government regulations are in place to protect investors and entrepreneurs from failure,so there is no need to worry about risk.

Accepted Answer

High risk business opportunities often have the potential for high returns as well. While low-risk opportunities may provide a steady but low return, the potential for high returns often comes with taking higher risks. Sergio should weigh the potential risks against the potential gains while considering his options. It is important to note that risk management and mitigation strategies should also be considered when evaluating high-risk opportunities.

Question 3

Two of his friends approached Sergio with a proposal to start a language school.Sergio is fluent in English and Spanish,and also has an education degree.Sergio is strongly considering the idea but also wants to know if there is a growing demand for his services.He learns that an important demographic trend is:
A)the service sector is likely to decline in significance in the next few years.
B)the number of young children in the U.S.will decrease significantly over the next few years as the population of the country levels off.
C)the number of immigrants from South and Central America is increasing steadily in his area,and across the nation.Professionals in hospitals and schools need to know how to speak Spanish.Immigrants need to know how to speak English.
D)the number of retirees is decreasing,making way for a younger generation.

Accepted Answer

The growing number of immigrants from South and Central America in Sergio's area and across the nation indicates a growing demand for language services, particularly in English and Spanish. The fact that professionals in hospitals and schools need to know how to speak Spanish and immigrants need to know how to speak English further reinforces the market potential for a language school.

Question 4

Sergio's frustration with his lack of freedom and flexibility at work indicates that Bigbux:
A)prefers the use of cross-functional teams rather than individual initiative.
B)has not adopted a strategy of empowerment.
C)knows that the best way to ensure good customer service is to closely monitor its lower-level employees.
D)is trying to please customers as well as other stakeholders.

Accepted Answer

Sergio's frustration with his lack of freedom and flexibility at work indicates that he does not have the autonomy to make decisions and take actions independently. This lack of autonomy could be indicative of a company that has not adopted a strategy of empowerment, where employees are given the freedom and flexibility to make decisions that benefit customers and the company. Choice A is not relevant to the situation, and choice C is unlikely as closely monitoring lower-level employees does not necessarily lead to good customer service. Choice D could be true, but it is not necessarily related to Sergio's lack of freedom and flexibility at work.

Question 5

If Sergio starts his own business,his firm's activities and policies will impact many different groups and individuals,including employees,customers,creditors,suppliers,and people living in the community where his business is located.Which of the following statements represents how Sergio should deal with these various groups? Sergio should:
A)take the needs of all of these groups into account,and try to satisfy each group as much as possible.
B)concentrate on meeting the needs of his customers,since they are crucial to the success of his business,but ignore the needs of other groups in order to keep costs low.
C)satisfy whichever group complains the loudest,using the "squeaky wheel gets the grease" philosophy.
D)concentrate on maximizing his own profits and let everyone else look out for themselves.

Accepted Answer

Sergio should practice stakeholder management, which involves taking into account the needs and interests of all stakeholders (employees, customers, creditors, suppliers, and people living in the community where his business is located) and making decisions that balance those needs and interests. By satisfying each group as much as possible, Sergio can create a sustainable business that benefits all stakeholders in the long run. Ignoring the needs of other groups or focusing solely on profits can lead to negative consequences, such as low employee morale, customer dissatisfaction, or reputation damage in the community.

Question 6

Trace the evolution of American business.Identify the key trends,and discuss the implications these trends have for the future.

Accepted Answer

The answer of Trace the evolution of American business.Identify the...

Question 7

Describe what we mean by greening and thinking green.List several ways that people and businesses are participating in the green movement.List business opportunities that may emerge from this movement.

Accepted Answer

The answer of Describe what we mean by greening and...

Quiz 1: Taking Risks and Making Profits Within the Dynamic Business Environment

As he explores his options,Sergio notices that some opportunities appear to be riskier than others.When considering various opportunities,Sergio should keep in mind that:

Sergio's frustration with his lack of freedom and flexibility at work indicates that Bigbux:

Trace the evolution of American business.Identify the key trends,and discuss the implications these trends have for the future.

Describe what we mean by greening and thinking green.List several ways that people and businesses are participating in the green movement.List business opportunities that may emerge from this movement.