, TESTBANK FOR Contemporary Business 5e Canadian Boone
Important Notes
The file organized chapter by chapter.
A sample of selected pages has been provided for preview.
All available appendices and Excel files (if included in the original resources) are
provided.
We continuously update our files to ensure you receive the latest and most accurate
editions.
New editions are added regularly – stay connected for updates!
⚠️Note on Answer Keys: If the answer key is not included within the chapter
questions, you will find the complete answers and solutions at the end of each
chapter.
✅ Why Buy From Us?
📚 Complete & organized chapter-by-chapter – no missing content, no guessing.
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📅 Always up to date – we track new editions so you always get the latest version.
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correct version, free of charge.
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,Contemporary Business, 5Ce (Boone)
Chapter 1 The Changing Face of Business
TRUE-FALSE STATEMENTS
1) Large corporations are defined as businesses, whereas small companies are more of an
investment.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Reflective Thinking
2) Business success does improve society's standard of living.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Ethics
3) In order to remain viable, not-for-profit organizations need to focus on profits even more than
the public service they provide.
Answer: FALSE
Diff: 2
Bloomcode: Application
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Ethics
4) Not-for-profit organizations are commonly exempt from federal, provincial, and local taxes.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Analytic
5) Just as with a for-profit business, the first priority for a not-for-profit organization is making a
profit.
Answer: FALSE
Diff: 2
Bloomcode: Application
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Reflective Thinking
1
,6) An accountant's view of profit is the difference between revenue and the cost incurred in
generating the revenue. This view is shared by all business owners and the general public.
Answer: FALSE
Diff: 3
Bloomcode: Knowledge
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Analytic
7) Employees and founders of not-for-profit organizations do NOT usually earn any income
from their operations.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Analytic
8) All factors of production are found in equal amounts in all businesses.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Analytic
9) Capital includes money, machines, tools, buildings, and human resources.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Analytic
10) Natural resources are essential for certain companies but are NOT required for all economic
systems.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Analytic
2
,11) Technology is considered to be capital.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Technology
12) High-end technology, such as the Global Positioning Satellite System offered in some new
cars, is considered a capital resource.
Answer: TRUE
Diff: 2
Bloomcode: Application
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Technology
13) When farmers rent land in order to increase crop production, they are acquiring capital.
Answer: FALSE
Diff: 1
Bloomcode: Application
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Reflective Thinking
14) Entrepreneurship is synonymous with "risk-taking."
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Technology
15) An entrepreneur and a manager are the same.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Analytic
16) The owner of a small business is part of the human resources of their organization.
Answer: TRUE
Diff: 3
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Analytic
3
,17) The private enterprise system encourages government intervention.
Answer: FALSE
Diff: 1
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Reflective Thinking
18) Canada functions under the private enterprise system.
Answer: TRUE
Diff: 1
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Reflective Thinking
19) Adam Smith's "invisible hand" refers to the battle among businesses for consumer
acceptance.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
20) Profits are guaranteed by the private enterprise system for every entrepreneur with good
management skills.
Answer: FALSE
Diff: 1
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Reflective Thinking
21) Private property is considered the most basic freedom in the private enterprise system.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
4
,22) When customers enter a supermarket and select their favourite brand of laundry detergent,
they are exercising their right to freedom of choice.
Answer: TRUE
Diff: 2
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Reflective Thinking
23) When the government sets ground rules for competitive activity, the intent is to increase
freedom of choice for consumers.
Answer: TRUE
Diff: 2
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
24) In the private enterprise system, government has no role to play in ensuring fair competition.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
25) Unfair or "cutthroat" competition, designed to eliminate competitors, is prohibited by the
Canadian government.
Answer: TRUE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
26) Finding unique ways to use the factors of production is a common characteristic of most
entrepreneurs.
Answer: TRUE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Reflective Thinking
5
,27) The Canadian Radio-television and Telecommunications Commission (CRTC) has made a
decision that has increased the cost charged to small internet service providers that buy access
from larger internet service providers such as Bell. This decision is a violation of the private
enterprise system in Canada.
Answer: FALSE
Diff: 3
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
28) Successful entrepreneurs usually create large corporations.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
29) During the colonial period, the focus was on agriculture and other rural activities.
Answer: TRUE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
30) The Industrial Revolution began in Germany and quickly spread to the rest of Europe.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
31) The Industrial Revolution began in the United States with the development of the
automobile.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
6
,32) During the Industrial Revolution in Canada, agriculture became mechanized.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
33) A key element of the production era was the use of consumer research.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
34) The production era preceded the age of industrial entrepreneurs.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
35) In consumer orientation, a company creates a product first and then determines if the
consumer will likely purchase the product.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Reflective Thinking
36) The Nike swoosh is NOT considered a brand; only the company name can be a brand.
Answer: FALSE
Diff: 2
Bloomcode: Application
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
37) The current philosophy among managers today is best described as transaction management.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
7
, 38) Information technology has been the key driver behind the social era.
Answer: TRUE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Technology
39) Technology has revolutionized business communications.
Answer: TRUE
Diff: 1
Bloomcode: Application
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Technology
40) Relationship management refers to ongoing, mutually beneficial ties between a company and
its vendors.
Answer: FALSE
Diff: 2
Bloomcode: Application
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Technology
41) Branding is the promotion of products in the hopes that the business earns acceptable profits.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
42) Relationship management concentrates on short-term interactions with customers.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
43) Before the relationship era, businesses focused on transaction management.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
8
Important Notes
The file organized chapter by chapter.
A sample of selected pages has been provided for preview.
All available appendices and Excel files (if included in the original resources) are
provided.
We continuously update our files to ensure you receive the latest and most accurate
editions.
New editions are added regularly – stay connected for updates!
⚠️Note on Answer Keys: If the answer key is not included within the chapter
questions, you will find the complete answers and solutions at the end of each
chapter.
✅ Why Buy From Us?
📚 Complete & organized chapter-by-chapter – no missing content, no guessing.
⚡ Instant digital delivery – get your file the moment you pay, no waiting.
📅 Always up to date – we track new editions so you always get the latest version.
💬 Friendly support – real humans ready to help, anytime you need us.
🔒 Safe & secure – thousands of satisfied students trust us every semester.
🛡️Our Guarantees
💰 Money-Back Guarantee: Not satisfied? We offer a full refund – no questions asked.
🔄 Wrong File? No Problem: Contact us and we will replace it immediately with the
correct version, free of charge.
⏰ 24/7 Support: We are always here – reach out anytime and expect a fast response.
,Contemporary Business, 5Ce (Boone)
Chapter 1 The Changing Face of Business
TRUE-FALSE STATEMENTS
1) Large corporations are defined as businesses, whereas small companies are more of an
investment.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Reflective Thinking
2) Business success does improve society's standard of living.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Ethics
3) In order to remain viable, not-for-profit organizations need to focus on profits even more than
the public service they provide.
Answer: FALSE
Diff: 2
Bloomcode: Application
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Ethics
4) Not-for-profit organizations are commonly exempt from federal, provincial, and local taxes.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Analytic
5) Just as with a for-profit business, the first priority for a not-for-profit organization is making a
profit.
Answer: FALSE
Diff: 2
Bloomcode: Application
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Reflective Thinking
1
,6) An accountant's view of profit is the difference between revenue and the cost incurred in
generating the revenue. This view is shared by all business owners and the general public.
Answer: FALSE
Diff: 3
Bloomcode: Knowledge
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Analytic
7) Employees and founders of not-for-profit organizations do NOT usually earn any income
from their operations.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.1 Define business.
Section Reference: What Is Business?
AACSB: Analytic
8) All factors of production are found in equal amounts in all businesses.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Analytic
9) Capital includes money, machines, tools, buildings, and human resources.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Analytic
10) Natural resources are essential for certain companies but are NOT required for all economic
systems.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Analytic
2
,11) Technology is considered to be capital.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Technology
12) High-end technology, such as the Global Positioning Satellite System offered in some new
cars, is considered a capital resource.
Answer: TRUE
Diff: 2
Bloomcode: Application
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Technology
13) When farmers rent land in order to increase crop production, they are acquiring capital.
Answer: FALSE
Diff: 1
Bloomcode: Application
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Reflective Thinking
14) Entrepreneurship is synonymous with "risk-taking."
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Technology
15) An entrepreneur and a manager are the same.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Analytic
16) The owner of a small business is part of the human resources of their organization.
Answer: TRUE
Diff: 3
Bloomcode: Knowledge
Learning Objective: 1.2 Identify and describe the economic factors of production.
Section Reference: Economic Factors of Production
AACSB: Analytic
3
,17) The private enterprise system encourages government intervention.
Answer: FALSE
Diff: 1
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Reflective Thinking
18) Canada functions under the private enterprise system.
Answer: TRUE
Diff: 1
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Reflective Thinking
19) Adam Smith's "invisible hand" refers to the battle among businesses for consumer
acceptance.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
20) Profits are guaranteed by the private enterprise system for every entrepreneur with good
management skills.
Answer: FALSE
Diff: 1
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Reflective Thinking
21) Private property is considered the most basic freedom in the private enterprise system.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
4
,22) When customers enter a supermarket and select their favourite brand of laundry detergent,
they are exercising their right to freedom of choice.
Answer: TRUE
Diff: 2
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Reflective Thinking
23) When the government sets ground rules for competitive activity, the intent is to increase
freedom of choice for consumers.
Answer: TRUE
Diff: 2
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
24) In the private enterprise system, government has no role to play in ensuring fair competition.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
25) Unfair or "cutthroat" competition, designed to eliminate competitors, is prohibited by the
Canadian government.
Answer: TRUE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
26) Finding unique ways to use the factors of production is a common characteristic of most
entrepreneurs.
Answer: TRUE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Reflective Thinking
5
,27) The Canadian Radio-television and Telecommunications Commission (CRTC) has made a
decision that has increased the cost charged to small internet service providers that buy access
from larger internet service providers such as Bell. This decision is a violation of the private
enterprise system in Canada.
Answer: FALSE
Diff: 3
Bloomcode: Application
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
28) Successful entrepreneurs usually create large corporations.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.3 Describe the private enterprise system.
Section Reference: The Private Enterprise System
AACSB: Analytic
29) During the colonial period, the focus was on agriculture and other rural activities.
Answer: TRUE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
30) The Industrial Revolution began in Germany and quickly spread to the rest of Europe.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
31) The Industrial Revolution began in the United States with the development of the
automobile.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
6
,32) During the Industrial Revolution in Canada, agriculture became mechanized.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
33) A key element of the production era was the use of consumer research.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
34) The production era preceded the age of industrial entrepreneurs.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
35) In consumer orientation, a company creates a product first and then determines if the
consumer will likely purchase the product.
Answer: FALSE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Reflective Thinking
36) The Nike swoosh is NOT considered a brand; only the company name can be a brand.
Answer: FALSE
Diff: 2
Bloomcode: Application
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
37) The current philosophy among managers today is best described as transaction management.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
7
, 38) Information technology has been the key driver behind the social era.
Answer: TRUE
Diff: 2
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Technology
39) Technology has revolutionized business communications.
Answer: TRUE
Diff: 1
Bloomcode: Application
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Technology
40) Relationship management refers to ongoing, mutually beneficial ties between a company and
its vendors.
Answer: FALSE
Diff: 2
Bloomcode: Application
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Technology
41) Branding is the promotion of products in the hopes that the business earns acceptable profits.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
42) Relationship management concentrates on short-term interactions with customers.
Answer: FALSE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
43) Before the relationship era, businesses focused on transaction management.
Answer: TRUE
Diff: 1
Bloomcode: Knowledge
Learning Objective: 1.4 Identify the seven eras in the history of business.
Section Reference: Seven Eras in the History of Business
AACSB: Analytic
8
