Question 1

If Canada fell into a depression, the Bank of Canada would most likely
raise interest rates.
leave interest rates alone.
lower interest rates.
it is not possible to tell with the information given.
increase gasoline taxes.

Accepted Answer

The answer of If Canada fell into a depression, the...

Question 2

The chance that a society can actually achieve full employment is ________ percent.
10
75
45
1
0

Accepted Answer

The answer of The chance that a society can actually...

Question 3

________ includes human knowledge, work methods, physical equipment, electronics and telecommunications, and various processing systems that are used in performing business activities.
The technological environment
The social environment
The political‒legal environment
The competitive environment
The economic environment

Accepted Answer

The answer of ________ includes human knowledge, work methods, physical...

Question 4

An increase in tax rates is an example of ______ policy, while the government influencing banks to lend more to consumers is an example of ______ policy.
GDP; GNP
fiscal; monetary
GNP; GDP
monetary; fiscal
none of these

Accepted Answer

The answer of An increase in tax rates is an...

Question 5

________ unemployment results because workers lack the right skills, while ___________ unemployment results when people are temporarily out of work while they are looking for a new job.
Cyclical; seasonal
Frictional; seasonal
Seasonal; structural
Cyclical; structural
Structural; frictional

Accepted Answer

The answer of ________ unemployment results because workers lack the...

Question 6

In 2012, the Canadian private sector accounted for about _____ percent of R&D spending, the government accounted for about _____percent, and universities accounted for about ____ percent.
25; 35; 40
10; 40; 50
52; 10; 38
25; 30; 45
78; 15; 7

Accepted Answer

The answer of In 2012, the Canadian private sector accounted...

Question 7

Unemployment is the level of joblessness among
people over the age of 18 within a given economic system.
people who have been previously employed in an economic system.
people who have the skills for employment within an economic system.
people over the age of 18 and under the age of 65 in a given economic system.
people actively seeking work in an economic system.

Accepted Answer

The answer of Unemployment is the level of joblessness among
people...

Question 8

Sam, an audiologist, lost his job two years ago and still hasn't found work. There is just no market for audiologists at this time. Sam is experiencing
structural unemployment.
full unemployment.
cyclical unemployment.
bad luck.
frictional unemployment.

Accepted Answer

The answer of Sam, an audiologist, lost his job two...

Question 9

A computer programmer who has just quit her job but who will find a new one soon is an example of ________ unemployment.
seasonal
frictional
cyclical
structural
none of these

Accepted Answer

The answer of A computer programmer who has just quit...

Question 10

The advent of the iPod saw an increase in the downloading of music from the internet. Music artists are noticing a decrease in the sales of their CDs, which is an effect of which dimension of the external environment?
Technological
Economic
Socio-cultural
Political
Global

Accepted Answer

The answer of The advent of the iPod saw an...

Question 11

R&D spending in Canada in 2011 totalled about ________ billion.
$2
$6
$10
$16
$30

Accepted Answer

The answer of R&D spending in Canada in 2011 totalled...

Question 12

________ policy involves the collection and spending of government revenues, while __________ policy focuses on controlling the size of the nation's money supply.
Productivity; inflation
Taxation; monetary
Monetary; fiscal
Fiscal; monetary
National debt; annual deficit

Accepted Answer

The answer of ________ policy involves the collection and spending...

Question 13

The political‒legal environment describes
the relationship between business and government.
the customs, values, attitudes, and demographic characteristics of the society in which an organization functions.
the intensity of the competition in an industry.
the relationship between international and domestic corporations.
the relationship between government and unions.

Accepted Answer

The answer of The political‒legal environment describes
the relationship between business...

Question 14

Basic research and development describes
focusing specifically on how a technological innovation can be put to use in the making of a product or service that can be sold in the marketplace.
those activities that do not create value for the firm.
the process involved in getting a new technology out of the lab and into the marketplace.
improving knowledge in an area without a primary focus on whether any discoveries that might occur are immediately marketable.
those activities that increase a company's revenues.

Accepted Answer

The answer of Basic research and development describes
focusing specifically on...

Question 15

Don is unemployed because of a downturn in economic activity; this is an example of ________ unemployment.
frictional
seasonal
structural
cyclical
none of these

Accepted Answer

The answer of Don is unemployed because of a downturn...

Question 16

Research and development (R&D) includes activities that are necessary to provide new products, services, and processes. Two basic types of R&D are
deflationary and inflationary.
public and economical.
college and university.
pure and theoretical.
basic and applied.

Accepted Answer

The answer of Research and development (R&D) includes activities that...

Question 17

Ben is unemployed, but he is currently in a training program designed to increase the skills he needs to perform the kinds of jobs that are available. Ben is experiencing __________ unemployment.
frictional
seasonal
cyclical
structural
none of these

Accepted Answer

The answer of Ben is unemployed, but he is currently...

Question 18

The government controls the size of the money supply through ________ policies.
revenue
monetary
inflation
economic
fiscal

Accepted Answer

The answer of The government controls the size of the...

Question 19

If you were the Minister of Finance taking care of fiscal policy, which one of the following could you implement?
A tax increase
A cut in social security programs
An increase in federal transfer payments
An increase in spending to military bases
All of these ideas could be implemented

Accepted Answer

The answer of If you were the Minister of Finance...

Question 20

What effect do higher interest rates have on consumer spending?
Consumer spending increases as people try to quickly buy goods before rates go even higher
Consumer spending decreases immediately, but then rises sharply after consumers get used to the new higher interest rates
Consumer spending is not impacted by changes in interest rates
Consumer spending decreases
It is not possible to tell from the information given

Accepted Answer

The answer of What effect do higher interest rates have...

Quiz 2: The Environment of Business

If Canada fell into a depression, the Bank of Canada would most likely raise interest rates. leave interest rates alone. lower interest rates. it is not possible to tell with the information given. increase gasoline taxes.

The chance that a society can actually achieve full employment is ________ percent. 10 75 45 1 0

An increase in tax rates is an example of policy, while the government influencing banks to lend more to consumers is an example of policy. GDP; GNP fiscal; monetary GNP; GDP monetary; fiscal none of these

unemployment results because workers lack the right skills, while ___ unemployment results when people are temporarily out of work while they are looking for a new job. Cyclical; seasonal Frictional; seasonal Seasonal; structural Cyclical; structural Structural; frictional

In 2012, the Canadian private sector accounted for about ___ percent of R&D spending, the government accounted for about _percent, and universities accounted for about __ percent. 25; 35; 40 10; 40; 50 52; 10; 38 25; 30; 45 78; 15; 7

Sam, an audiologist, lost his job two years ago and still hasn't found work. There is just no market for audiologists at this time. Sam is experiencing structural unemployment. full unemployment. cyclical unemployment. bad luck. frictional unemployment.

A computer programmer who has just quit her job but who will find a new one soon is an example of ________ unemployment. seasonal frictional cyclical structural none of these

The advent of the iPod saw an increase in the downloading of music from the internet. Music artists are noticing a decrease in the sales of their CDs, which is an effect of which dimension of the external environment? Technological Economic Socio-cultural Political Global

R&D spending in Canada in 2011 totalled about ________ billion. $2 $6 $10 $16 $30

policy involves the collection and spending of government revenues, while __ policy focuses on controlling the size of the nation's money supply. Productivity; inflation Taxation; monetary Monetary; fiscal Fiscal; monetary National debt; annual deficit

Don is unemployed because of a downturn in economic activity; this is an example of ________ unemployment. frictional seasonal structural cyclical none of these

Research and development (R&D) includes activities that are necessary to provide new products, services, and processes. Two basic types of R&D are deflationary and inflationary. public and economical. college and university. pure and theoretical. basic and applied.

Ben is unemployed, but he is currently in a training program designed to increase the skills he needs to perform the kinds of jobs that are available. Ben is experiencing __________ unemployment. frictional seasonal cyclical structural none of these

The government controls the size of the money supply through ________ policies. revenue monetary inflation economic fiscal

If you were the Minister of Finance taking care of fiscal policy, which one of the following could you implement? A tax increase A cut in social security programs An increase in federal transfer payments An increase in spending to military bases All of these ideas could be implemented