B1 GRADE A Q&A
Which of the following is one of the ongoing challenges that characterize the current
business landscape?
A. Uniformity of offerings
B. Technological change
C. Quality
D. Cost competitiveness
E. Speed - (correct answer)B
The change from a local to a global marketplace is:
A. irrelevant to today's business environment.
B. irreversible.
C. not necessary to remain competitive.
D. slowing down.
E. no different than it has been over the last three decades. - (correct answer)B
,Which of the following is true of globalization?
A. Only small companies are affected by it.
B. Only large companies are affected by it.
C. A company's talent should come only from within the country.
D. A company's talent can come from anywhere.
E. The global marketplace is stable and unchanging. - (correct answer)D
Which of the following statements is true about the Internet?
A. It has reduced threats to most businesses.
B. It drives down costs.
C. It does not influence globalization.
D. It slows down globalization.
E. It slows down decision making because large amounts of information are available. -
(correct answer)B
,_____ management is the set of practices aimed at discovering and harnessing an
organization's intellectual resources—fully utilizing the intellects of the organization's
people. - (correct answer)A
Which of the following statements is true of collaboration?
A. Collaboration occurs only within the boundaries of an organization.
B. A sole focus on unit performance spurs collaboration.
C. It is unrealistic to think that a company can collaborate with its customers.
D. Companies should capitalize on ideas generated within the organization alone.
E. Collaboration is an important process of knowledge management. - (correct
answer)E
_____ is the introduction of new goods and services.
A. Collaboration
B. Vertical integration
C. Innovation
, D. Adaptation
E. Introspection - (correct answer)C
_____ is defined as the excellence of a product.
A. Innovation
B. Quality
C. Demand
D. Value
E. Reliability - (correct answer)B
Which of the following is true of services?
A. It includes intangible products like medical care.
B. It includes manufacturing high-quality goods.
C. It focuses on establishing short-term relationships.
D. Jobs based on services have been declining in recent years.
Which of the following is one of the ongoing challenges that characterize the current
business landscape?
A. Uniformity of offerings
B. Technological change
C. Quality
D. Cost competitiveness
E. Speed - (correct answer)B
The change from a local to a global marketplace is:
A. irrelevant to today's business environment.
B. irreversible.
C. not necessary to remain competitive.
D. slowing down.
E. no different than it has been over the last three decades. - (correct answer)B
,Which of the following is true of globalization?
A. Only small companies are affected by it.
B. Only large companies are affected by it.
C. A company's talent should come only from within the country.
D. A company's talent can come from anywhere.
E. The global marketplace is stable and unchanging. - (correct answer)D
Which of the following statements is true about the Internet?
A. It has reduced threats to most businesses.
B. It drives down costs.
C. It does not influence globalization.
D. It slows down globalization.
E. It slows down decision making because large amounts of information are available. -
(correct answer)B
,_____ management is the set of practices aimed at discovering and harnessing an
organization's intellectual resources—fully utilizing the intellects of the organization's
people. - (correct answer)A
Which of the following statements is true of collaboration?
A. Collaboration occurs only within the boundaries of an organization.
B. A sole focus on unit performance spurs collaboration.
C. It is unrealistic to think that a company can collaborate with its customers.
D. Companies should capitalize on ideas generated within the organization alone.
E. Collaboration is an important process of knowledge management. - (correct
answer)E
_____ is the introduction of new goods and services.
A. Collaboration
B. Vertical integration
C. Innovation
, D. Adaptation
E. Introspection - (correct answer)C
_____ is defined as the excellence of a product.
A. Innovation
B. Quality
C. Demand
D. Value
E. Reliability - (correct answer)B
Which of the following is true of services?
A. It includes intangible products like medical care.
B. It includes manufacturing high-quality goods.
C. It focuses on establishing short-term relationships.
D. Jobs based on services have been declining in recent years.
