BUSINESS 110 CHAPTER 2 QUESTIONS WITH ACCURATE
ANSWERS
acquisition correct answer one firm buys another
aggregate output correct answer The total quantity of goods and services
produced in an economy in a given period.
applied R&D correct answer 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.
balance of trade correct answer Difference between how much a country imports
and how much it exports
basic or pure R&D correct answer improving knowledge in an area without
primarily focusing on weather any discoveries that might occur are immediately
marketable.
budget deficit correct answer Government spending more than it takes in
business cycle correct answer pattern of short term ups and downs ( expansions
and contractions) in an economy
business process management correct answer Approach by which firms move
away from department-oriented organization and toward process-oriented team
structures that cut across old departmental boundaries
, conglomerate merger correct answer a merger of companies in unrelated
business
consumer price index correct answer A measure of the overall cost of the goods
and services bought by a typical consumer
core competency correct answer skills and resources with which an organization
competes best and creates the most value for owners
deflation correct answer A situation in which prices are declining
depression correct answer A severe and prolonged reduction in economic activity
as occurred during the 1930s
divestiture correct answer Sale by a company of an asset that is not performing
well, that is not core to the company's business, or that is worth more as a
separate entity
economic environment correct answer Conditions of the economic system in
which an organization operates.
enterprise resource planning (ERP) correct answer large-scale information system
for organizing and managing a firm's processes across product lines, departments,
and geographic lcations
external environment correct answer Factors and forces outside an organization
that affect the organization's performance.
ANSWERS
acquisition correct answer one firm buys another
aggregate output correct answer The total quantity of goods and services
produced in an economy in a given period.
applied R&D correct answer 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.
balance of trade correct answer Difference between how much a country imports
and how much it exports
basic or pure R&D correct answer improving knowledge in an area without
primarily focusing on weather any discoveries that might occur are immediately
marketable.
budget deficit correct answer Government spending more than it takes in
business cycle correct answer pattern of short term ups and downs ( expansions
and contractions) in an economy
business process management correct answer Approach by which firms move
away from department-oriented organization and toward process-oriented team
structures that cut across old departmental boundaries
, conglomerate merger correct answer a merger of companies in unrelated
business
consumer price index correct answer A measure of the overall cost of the goods
and services bought by a typical consumer
core competency correct answer skills and resources with which an organization
competes best and creates the most value for owners
deflation correct answer A situation in which prices are declining
depression correct answer A severe and prolonged reduction in economic activity
as occurred during the 1930s
divestiture correct answer Sale by a company of an asset that is not performing
well, that is not core to the company's business, or that is worth more as a
separate entity
economic environment correct answer Conditions of the economic system in
which an organization operates.
enterprise resource planning (ERP) correct answer large-scale information system
for organizing and managing a firm's processes across product lines, departments,
and geographic lcations
external environment correct answer Factors and forces outside an organization
that affect the organization's performance.
