Question 1

Global trade has suffered because of increased problems with the Internet.

Accepted Answer

There may be certain disruptions in global trade due to issues with the Internet, but it is not accurate to say that trade has suffered as a whole. In fact, the Internet has greatly facilitated and expanded international trade opportunities.

Question 2

The current Social Security system will ensure that the young people of today will have Social Security benefits in the future when they retire.

Accepted Answer

The answer of The current Social Security system will ensure...

Question 3

An important environmental change in the global environment is the growth of international competition.

Accepted Answer

The growth of international competition is a significant environmental change in the global environment, as it affects trade, investment, and economic development. Companies are now competing with businesses from all over the world, and this competition can impact markets, pricing, and innovation. It also has effects on the environment, such as in the transportation of goods and services.

Question 4

Xavier,a recent college graduate,is thinking of investing in a home health care business.He believes this will be a profitable venture because of the increasing number of people in the U.S.that will be over 60 in the near future and more likely to need this type of service.This accurately describes a demographic trend that will affect his business choice.

Accepted Answer

The statement accurately describes a demographic trend of an increasing number of people over 60 in the U.S. who are more likely to need home health care services, which would potentially make investing in a home health care business a profitable venture.

Question 5

Improved distribution systems have led to more global trade.

Accepted Answer

Improved distribution systems, such as advancements in transportation and communication technologies, have made it easier and more efficient to move goods across long distances, leading to an increase in global trade.

Question 6

China and India have become major U.S.competitors.

Accepted Answer

Both China and India have emerged as major economic competitors to the United States in various industries, including technology, manufacturing, and finance.

Question 7

One factor that has had a major effect on businesses is the growth of single-parent families.

Accepted Answer

Single-parent families often have different needs and priorities than traditional two-parent families, which can impact the products and services that businesses offer, as well as their marketing and advertising strategies. Additionally, single parents may have more limited time and financial resources, which could affect their purchasing patterns and consumer behavior.

Question 8

Sue is a single mother with two small children.Her employer is considering providing family leave.Since Sue is a single mom with small children,she is unlikely to benefit from this program.

Accepted Answer

This statement is false. Sue would benefit from the family leave program, even as a single mother with small children. It would give her time off from work to care for her children without the fear of losing her job or income.

Question 9

Rob is an emergency room nurse at a local hospital in Texas.On a weekly basis,he will serve a number of patients who are not legally U.S.citizens.Many of them are giving birth to babies.Fortunately,Rob speaks enough Spanish to communicate with the patients.Rob is experiencing the realities of the social environment in some states.

Accepted Answer

The passage states that Rob serves a number of patients who are not legally U.S. citizens, many of whom are giving birth to babies. It also mentions that Rob speaks enough Spanish to communicate with the patients. This suggests that Rob is experiencing the realities of the social environment in some states, where there are likely many undocumented immigrants who require medical care.

Question 10

Businesses use demographic studies to understand where people live,their lifestyles,and what they are likely to buy.

Accepted Answer

Demographic studies provide information about a population's characteristics such as age, gender, income, education, and more, which helps businesses understand their target market and create products and services that meet their needs and preferences.

Question 11

Diversity management would not be an issue if firms would treat all of their employees the same.

Accepted Answer

Diversity management recognizes and values differences among employees and promotes inclusive policies and practices to support a diverse workforce. Treating all employees the same could lead to unintentional bias and exclusion of certain groups, hindering diversity and potentially leading to legal and ethical issues.

Question 12

Wars are costly to all companies.

Accepted Answer

The answer of Wars are costly to all companies....

Question 13

Globalization has increased among nations.

Accepted Answer

Globalization refers to the increasing interconnectedness and interdependence of countries and their economies, facilitated by advances in technology, communication, and transportation. This trend has continued to grow over the past few decades, which is why option A is correct.

Question 14

Globalization has greatly increased living standards around the world.

Accepted Answer

Globalization has brought about increased trade, investment, and movement of people, which has led to economic growth and higher living standards in many countries. However, it has also contributed to inequality and other negative effects in some regions.

Question 15

In some cities the number of legal and illegal immigrants has caused governments to adapt by changing signs to other languages.

Accepted Answer

This statement is true. Some cities, particularly in areas with high immigrant populations, have adapted by changing signs or providing translations in different languages to better serve their residents.

Question 16

The federal government requires companies to take diversity very seriously,even recommending establishing a chief diversity officer in the executive suite.

Accepted Answer

The answer of The federal government requires companies to take...

Question 17

Businesses that cater to older consumers in the future will likely not be successful.

Accepted Answer

The population is aging and the number of older consumers is expected to increase in the future. Businesses that cater to their needs and preferences can be successful if they adapt their products and services accordingly.

Question 18

Demographic trends suggest that businesses will benefit from offering flexible work schedules,eldercare,and childcare to help employees balance the demands of job and family.

Accepted Answer

Demographic trends show that there is an increasing need for employees to balance work and family responsibilities, and offering flexible work schedules as well as eldercare and childcare options can be beneficial for businesses to attract and retain talent.

Question 19

New welfare rules have made it easier for single parents to remain at home with their young children without being required to seek employment.

Accepted Answer

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Question 20

The threat of terrorism increases the costs of operating most businesses.

Accepted Answer

The threat of terrorism increases security costs, insurance premiums, and potential loss of revenue due to fear and disruption, which can significantly increase the cost of doing business.

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