Introduction to Business Ch-1/3

Question 1

When 3M managers decided to manufacture Post-it ® notes, a new product was born. This was an example of _____ in action.

Accepted Answer

creativity

Question 2

For today’s managers, critical thinking skills and creativity are essential qualities.

Accepted Answer

True

Question 3

Diverse employee teams tend to perform _____ and develop _____ than do homogeneous employee groups.

Accepted Answer

more effectively; better solutions

Question 4

Feedback from customers is an example of a(n) _____ that requires organizational change.

Accepted Answer

external force

Question 5

Which of the following is necessary in the current business workforce trend?

Accepted Answer

Increased reliance on employees’ intellectual capabilities

Question 6

Which of the following is a management challenge associated with broad age diversity?

Accepted Answer

The need to accommodate a variety of work lifestyles

Question 7

Companies need to be ethical to succeed in the long run.

Accepted Answer

True

Question 8

Relocating business activities to lower-cost locations overseas:

Accepted Answer

offshoring

Question 9

Work teams consisting of a diverse group of individuals often are less productive than less diverse work teams.

Accepted Answer

False

Question 10

Which of the following generations tend to care less about money and the work-comes-first lifestyle?

Accepted Answer

Millennials

Question 11

When management adheres to a set of standards involving the right and wrong actions arising in the work environment, ...

Accepted Answer

management is following its business ethics

Question 12

WhenABC Tool’s management decided to preserve the local environment by planting1,000trees every year, the company is ___

Accepted Answer

enacting upon its social responsibility

Question 13

In business, _____ refers to the ability to see better and different ways of doing business.

Accepted Answer

creativity

Question 14

When a U.S. company contracts work to a company in Mexico, it is _____.

Accepted Answer

nearshoring

Question 15

Participating in nonprofit programs is an example of exhibiting social responsibility.

Accepted Answer

True

Questions 15