Quiz_1_BUS825

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School

McMaster University *

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Course

825

Subject

Economics

Date

May 24, 2024

Type

docx

Pages

3

Uploaded by CoachMorningBat35

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n 1 1 / 1 point The external environment can be controlled by the business managers. a) True b) False Question 2 1 / 1 point The COVID-19 pandemic brought about the following changes in the workplace: a) Increased healthcare facilities b) Work from home options c) Better online networking d) All of the above Questi on 3 1 / 1 point The internal environment of a business includes stakeholders like a) customers b) employees c) managers d) All of the above Questi on 4 1 / 1 point In ____________ companies give exclusive rights to firms in other countries to manufacture or market their products in that country a) Branch offices b) Strategic alliance c) Licensing arrangements
d) FDI Questi on 5 1 / 1 point Research that focuses specifically on how technology can be applied to develop a product or service that can be sold in the market is known as applied research. a) True b) False Question 6 1 / 1 point A firm that makes products in one country and sells in another is known as a a) Importer b) Exporter c) Multinational marketer d) International marketer Questi on 7 1 / 1 point Language barriers can create hurdles while conducting international business. a) True b) False Question 8 1 / 1 point Customs, values, attitudes, and demographic characteristics of the society in which a business functions constitute a firm's a) Economic environment b) Sociocultural environment c) Political/legal environment
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