Business > QUESTIONS & ANSWERS > Introduction to Business-converted.pdf. CHALLLENGE QUESTIONS WITH ACCUARTE ANSWERS. HIGHYLY EXAMINAB (All)

Introduction to Business-converted.pdf. CHALLLENGE QUESTIONS WITH ACCUARTE ANSWERS. HIGHYLY EXAMINABLE QUESTIONS

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Unit 1 Challenge 1 1. Entrepreneurs take on businesses with the main goal of creating __________. A: growth and expansion 2. Which of the following considerations is related to domestic environmen... t? A: Many local resources about geographic landmarks are available to use for app development. 3. Which of the following is an example of a human resource? A: The manager of Tarheel Coffee, who oversees the day-to-day operations 4. Which of the following is true in an oligopoly? A: Determining the best price of a product is more important than its marketing. Challenge 2 1. What is the main difference between a small business owner and an entrepreneur? A: Entrepreneurs take on businesses with the goal of growth and expansion. 2. Select the best reason below why Oliver should form a partnership with Kyle instead of starting a business as a sole proprietor. A: Kyle may have experience managing business operations. 3. Which of the following statements confirms that Global Hotel Group (GHG) is a corporation rather than another type of business? A: GHG can be sued by a disgruntled former employee. 4. Which of the following is an example of goals and objectives? A: Includes the specific milestones or outcomes that Tarheel Coffee hopes to achieve as a business 5. Which of the following is an advantage to starting a franchise? A: The customer base is already established. 6. Through correct analysis of demand, a business may succeed due to __________. A: planning and organization Challenge 3 1. Greyson Hotel Group (GHG) was formed as a corporation to provide several hotel brands in major cities across the United States. Which of the following ethical issues at GHG would directly impact the organization? A: A GHG Board of Directors member accepts fees for providing advice to one of its biggest competitors. 2. Which statement is true regarding the overlap between ethics and social responsibility? A: Ethics considers an individual's choices, while social responsibility takes a more big picture view. 3. Which of the following is an example of the results step? A: Susan and her committee collected feedback from participants of the program in order to measure progress and outcomes. 4. Jake told Oliver that walking should be promoted as a part of a healthy lifestyle. Since they were developing a walking app, he wanted to promote ex [Show More]

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