Questions 1

Question 0

Happy, Inc. encourages frontline foremen to make decisions without consulting management. This is an example of?

Answer 0

Empowerment

Question 1

If, in many different countries, you can buy or sell goods and services with a certain currency, that currency is?

Answer 1

Tradable

Question 2

In business, effectiveness is to producing desired results as _______ is to the production of goods using the least amount of resources.

Answer 2

Efficiency

Question 3

________ is the total amount of money a business takes in over some period of time, such as one year.

Answer 3

Revenue

Question 4

In e-commerce, the last letter in “B2C” stands for _______, while the last letter in “B2B” stands for __________.

Answer 4

Consumer; business

Question 5

Factors of _______ include land, labor, and knowledge.

Answer 5

Production

Question 6

Diversity, demographic changes, and family changes are all aspects of the _______ environment.

Answer 6

Social

Question 7

A person who owns and operates his or her own business is a/an _________.

Answer 7

Entrepreneur