Business Environments AJE5A B nad C

Business Environments;Human Environments, Economic Environments, Government Environments, Global Environments, Trade Environments and Ethical EnvironmentsAttached is the materials to help and the exam. Thanks
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AJE5 A-C
Student Assignment Booklet
Module 5
BUSINESS
MANAGEMENT
SCI
Business Management
Module 5
AJE5 A-C
Printed in Canada
0213
Introduction
Congratulations on reaching the final module of your Stratford Career Institute Business
Management program. In this module, you will learn about the various environments in
which businesses operate: human environments, economic environments, government
environments, global environments, trade environments, and ethical environments. The
reading material for this module is Business Environments, by Peter Sampson, C.M.A.
This Student Assignment Booklet divides the reading material for Module Five into three
assignments:
Assignment 1:
Assignment 2:
Assignment 3:
Pages 1 to 39,
Pages 40 to 79,
Pages 80 to 99,
Exam 1
Exam 2
Exam 3
Each assignment is preceded by a list of Learning Objectives and contains instructions
pertaining to the relevant exam and answer sheet. Read the objectives before you begin
to study the material. Be sure to complete each assignment in the order shown and
send only your completed answer sheet to the school for evaluation. Please send in
each exam as you complete it, rather than saving them and sending them in batches.
Feel free to contact us with any questions or comments you may have about the
material. Please see the Student Handbook for more information about how to interact
with the school.
1
2
Assignment 1
Business Management
Learning Objectives
After you have studied pages 1 to 39 of the reading material, you will be able to
• Discuss the impact of the Industrial Revolution on the human environment of
business.
• Define the major generations of North Americans over the past 100 years.
• Discuss the evolution and mechanization of work.
• Define the free market philosophy.
• Review how the workforce and working conditions have changed over the past 100
years.
• Outline the basic microeconomic principles.
• Identify and define the major macroeconomic indicators.
• Differentiate between monetary and fiscal policies.
• Compare and contrast the U.S. and Canadian banking systems.
When you have completed the reading and feel confident you have mastered the
objectives, complete Exam 1, which begins on the next page.
3
4
Exam 1
Business Management
AJE5A
Instructions: Select the item which best answers the question or makes the statement
true. In all cases there is only one best choice. Mark the letter of that choice on the
answer sheet provided. Upon completion of the exam send only the answer sheet to
the school for grading. Do not wait until you complete the next exam.
1.
Today, what occupational category employs the largest percentage of women?
a.
b.
c.
d.
2.
The retail sales index is usually calculated excluding sales of __________.
a.
b.
c.
d.
3.
clothing
cars
entertainment
food
Which of the following did NOT occur during and after the Industrial Revolution?
a.
b.
c.
d.
4.
sales and office
service
production and transportation
management, professional, and related
It became easier to mass produce goods for sale to the public.
Production became decentralized.
Production became concentrated in urban areas.
The workforce migrated from the countryside to cities.
The Civil Rights Act of 1964 prohibiting discrimination applies to all
organizations that have at least __________ employees.
a.
b.
c.
d.
15
25
50
100
5
5.
A/An __________ monetary policy sets interest rates to encourage economic
growth.
a.
b.
c.
d.
6.
What is the term for people born between 1946 and 1964?
a.
b.
c.
d.
7.
World War I
the Great Depression
World War II
the Baby Boom
When the unemployment rate increases, which of the following events is MOST
likely to happen?
a.
b.
c.
d.
9.
Silent Generation
Generation X
Baby Boomers
Millennials
What event spurred the mass entrance of women into the workforce, resulting
in women becoming major participants in the economy?
a.
b.
c.
d.
8.
contractionary
accommodative
neutral
tight
The GDP decreases.
Consumer credit decreases.
Inflation increases.
The retail sales index increases.
In the United States, all employees in organizations of at least 50 people are
entitled to __________ weeks of unpaid leave for childbirth, adoption, or
personal illness.
a.
b.
c.
d.
2
4
8
12
6
10.
Roughly how much did the United States population increase between 1900
and 1910?
a.
b.
c.
d.
11.
The point at which a buyer and a seller agree about the price of a product is
called the point of __________.
a.
b.
c.
d.
12.
microeconomic
neutral
expansionary
contractionary
Which of the following is one of the basic assumptions of a free market
philosophy?
a.
b.
c.
d.
14.
sale
agreement
equilibrium
calibration
What type of fiscal policy is represented by a balanced budget?
a.
b.
c.
d.
13.
10%
20%
30%
40%
All participants have equal opportunities and advantages.
Most business should be government-supported.
Protectionist trade barriers are advantageous for all participants.
Workers and consumers are not drawn from the same population.
What generation is characterized by their technologies, such as cell phones
and tablet computers?
a.
b.
c.
d.
Silent Generation
Baby Boomers
Generation X
Generation Y
7
15.
Which of the following falls under the category of microeconomics?
a.
b.
c.
d.
16.
Which of the following statements is TRUE?
a.
b.
c.
d.
17.
production
marketing
sales
efficiency
In the United States, savings and loan institutions are now commonly known as
__________.
a.
b.
c.
d.
19.
U.S. banks are more competitive and less stable than Canadian banks.
The six largest banks in the United States have branches in all 50 states.
Canadian banking regulations do not permit the payment of interest on
corporate checking accounts.
It takes longer for a check to clear in Canada than in the United States.
In the 1920s, the goal of business was to produce products at a low cost. This
is known as the __________ concept.
a.
b.
c.
d.
18.
economic growth
inflation
household spending
unemployment
commercial banks
thrift institutions
check-cashing establishments
credit unions
Applied to business, the Pareto Principle states that __________ of customers
will account for __________ of sales.
a.
b.
c.
d.
25%,
50%,
80%,
20%,
75%
50%
20%
80%
8
20.
What is the current standard workweek for MOST North Americans?
a.
b.
c.
d.
30
35
40
45
hours
hours
hours
hours
This completes Exam 1. Please be sure to transfer your answers to the answer sheet
after reviewing them. Then mail the answer sheet to the school in the postage-paid
envelope provided, submit it through our web site at www.scitraining.com, or fax it to
us toll free at 1-888-486-9428. You may begin Assignment 2.
9
10
ANSWER SHEET
Mailing/Shipping address
1 Champlain Commons, Unit 3
PO Box 1560 Saint Albans VT 05478-5560
Exam 1
Lesson Number
AJE5A
Name
Address
Please Print Clearly
City
State
Zip Code
Please cut along the dotted line.
Telephone:(
Student Number
)
Area Code
Select only one answer for each question and mark the appropriate box with an “X”.
NOTE: To submit this exam via the Internet, visit our web site at www.scitraining.com.
1.
A
B
C
D
11.
A
B
C
D
2.
A
B
C
D
12.
A
B
C
D
3.
A
B
C
D
13.
A
B
C
D
4.
A
B
C
D
14.
A
B
C
D
5.
A
B
C
D
15.
A
B
C
D
6.
A
B
C
D
16.
A
B
C
D
7.
A
B
C
D
17.
A
B
C
D
8.
A
B
C
D
18.
A
B
C
D
9.
A
B
C
D
19.
A
B
C
D
10.
A
B
C
D
20.
A
B
C
D
Please remember to write your student number in the space provided.
11
12
Assignment 2
Business Management
Learning Objectives
After you have studied pages 40 to 79 of the reading material, you will be able to
• Describe the three main economic systems: market economy, planned economy,
and mixed economy.
• Discuss the relationships between economics and politics.
• Identify ways the U.S. government routinely intervenes in the market system.
• Discuss the government’s roles in business regulation.
• Identify the advantages and disadvantages of international trade.
• Contrast comparative and absolute advantage.
• Discuss the concepts of value and currency.
• Explain foreign currency exchange.
• Identify and describe international macroeconomic indicators.
• List and discuss barriers and limits to international trade.
When you have completed the reading and feel confident you have mastered the
objectives, complete Exam 2, which begins on the next page.
13
14
Exam 2
Business Management
AJE5B
Instructions: Select the item which best answers the question or makes the statement
true. In all cases there is only one best choice. Mark the letter of that choice on the
answer sheet provided. Upon completion of the exam send only the answer sheet to
the school for grading. Do not wait until you complete the next exam.
1.
When was the first modern public international law introduced?
a.
b.
c.
d.
2.
According to U.S. federal law, what type of workers may be paid below the
minimum wage?
a.
b.
c.
d.
3.
1863
1898
1919
1945
private sector workers
government workers
workers who earn tips
part-time workers
What was the first U.S. state to introduce a minimum wage?
a.
b.
c.
d.
Maine
Massachusetts
New York
Virginia
15
4.
A tax charged at the border when goods enter or leave a country is called a/an
__________.
a.
b.
c.
d.
5.
A fixed exchange rate is also called a/an __________ exchange rate.
a.
b.
c.
d.
6.
fair competition
trade barriers
legal contracts
public safety
What is it called when governments acquire private industries, such as energy
companies?
a.
b.
c.
d.
8.
floating
pegged
official
forex
FEMA, DPS, and EMS are government institutions that deal with __________.
a.
b.
c.
d.
7.
tariff
sanction
embargo
bloc
nationalization
industrialization
patriotization
governmentalization
How many countries currently use some type of dollar as their currency?
a.
b.
c.
d.
2
8
28
43
16
9.
How is investor confidence measured?
a.
b.
c.
d.
10.
What is the term for a physical trade barrier?
a.
b.
c.
d.
11.
capitalism
socialism
communism
fascism
The ability of one party to produce a particular good or service at a lower cost
than another party, when all alternatives are taken into consideration, is known
as a/an __________ advantage.
a.
b.
c.
d.
13.
quota
blockade
sanction
embargo
What economic-political system allows individuals to own property and
conduct business with minimal governmental involvement?
a.
b.
c.
d.
12.
telephone and Internet surveys
census answers
tracking household spending
Investor confidence is not based on empirical data.
absolute
solid
comparative
national
When did the United States start using a floating exchange rate for its
currency?
a.
b.
c.
d.
1946
1957
1964
1971
17
14.
A logo is a type of __________.
a.
b.
c.
d.
15.
How often is the international balance of trade published?
a.
b.
c.
d.
16.
market
planned
communist
mixed
Which of the following countries does NOT have a planned economy?
a.
b.
c.
d.
18.
weekly
monthly
quarterly
yearly
What type of economy is based primarily on supply and demand?
a.
b.
c.
d.
17.
patent
trademark
copyright law
tariff
North Korea
Vietnam
Mexico
China
Which of the following is NOT a major advantage of international trade?
a.
b.
c.
d.
More products become available on the market.
Small local stores and businesses have a competitive edge.
Efficiency of production increases.
Jobs are created.
18
19.
What is the number one factor in foreign exchange?
a.
b.
c.
d.
20.
tourism
multinational corporations
bank regulations
nationalization
Which of the following works are protected by copyright?
a.
b.
c.
d.
maps
paintings
computer programs
all of the above
This completes Exam 2. Please be sure to transfer your answers to the answer sheet
after reviewing them. Then mail the answer sheet to the school in the postage-paid
envelope provided, submit it through our web site at www.scitraining.com, or fax it to
us toll free at 1-888-486-9428. You may begin Assignment 3.
19
20
ANSWER SHEET
Mailing/Shipping address
1 Champlain Commons, Unit 3
PO Box 1560 Saint Albans VT 05478-5560
Exam 2
Lesson Number
AJE5B
Name
Address
Please Print Clearly
City
State
Zip Code
Telephone:(
Student Number
)
Please cut along the dotted line.
Area Code
Select only one answer for each question and mark the appropriate box with an “X”.
NOTE: To submit this exam via the Internet, visit our web site at www.scitraining.com.
1.
A
B
C
D
11.
A
B
C
D
2.
A
B
C
D
12.
A
B
C
D
3.
A
B
C
D
13.
A
B
C
D
4.
A
B
C
D
14.
A
B
C
D
5.
A
B
C
D
15.
A
B
C
D
6.
A
B
C
D
16.
A
B
C
D
7.
A
B
C
D
17.
A
B
C
D
8.
A
B
C
D
18.
A
B
C
D
9.
A
B
C
D
19.
A
B
C
D
10.
A
B
C
D
20.
A
B
C
D
Please remember to write your student number in the space provided.
21
22
Assignment 3
Business Management
Learning Objectives
After you have studied pages 80 to 99 of the reading material, you will be able to
• Identify some of the world’s major trade organizations.
• Discuss the pros and cons of NAFTA.
• Describe some current trends in international business.
• Define business ethics.
• Identify some basic principles of ethics.
• Describe corporate ethics policies.
When you have completed the reading and feel confident you have mastered the
objectives, complete Exam 3, which begins on the next page.
23
24
Exam 3
Business Management
AJE5C
Instructions: Select the item which best answers the question or makes the statement
true. In all cases there is only one best choice. Mark the letter of that choice on the
answer sheet provided. Upon completion of the exam send only the answer sheet to
the school for grading. Do not wait until you complete the next exam.
1.
What is the BEST way to describe the IMF?
a.
b.
c.
d.
2.
credit union
commercial bank
regulatory institution
loan shark
Many companies have a __________ policy, which provides employees with a
way to report potential unethical behavior anonymously.
a.
b.
c.
d.
3.
a
a
a
a
foghorn
whistleblower
truth-telling
red alert
When did the United States and Canada sign the Canada–United States Free
Trade Agreement?
a.
b.
c.
d.
1988
1993
1998
2001
25
4.
What is the average hourly wage for an American or Canadian autoworker,
taking into account all benefits?
a.
b.
c.
d.
5.
What is involved in the unethical business practice known as “bait and switch”?
a.
b.
c.
d.
6.
Colombia
Belize
Chile
Peru
The United States currently has free trade agreements with __________ countries.
a.
b.
c.
d.
8.
advertising a product you know will not be available in sufficient
quantities to draw in customers and convince them to purchase
something else
tampering with product packaging to disguise some significant
information about the product
offering a product or service that does not conform to public
expectations based on the standards and practices common to the
business or industry
deliberately misleading a customer regarding a product or service
China signed its first free trade agreement with a Latin American country with
__________.
a.
b.
c.
d.
7.
$12
$26
$48
$62
2
17
26
33
What is the BEST definition of ethical behavior?
a.
b.
c.
d.
going with your gut
following company policy
not breaking the law
doing the right thing
26
9.
Which of the following statements is FALSE?
a.
b.
c.
d.
10.
Which of the following is NOT one of the “Big 3” North American auto makers?
a.
b.
c.
d.
11.
1995
1999
2002
2007
The regulatory test that incorporates ethics compliance testing, and which U.S.
corporations must undergo annually, is called __________.
a.
b.
c.
d.
13.
Honda
Ford
GM
Chrysler
When was China admitted into the World Trade Organization?
a.
b.
c.
d.
12.
Business ethics is something that can be managed.
Business ethics is not the same as social responsibility.
Having moral employees does not mean a business can ignore ethics.
All unethical conduct is also illegal.
52-109
Sarbanes-Oxley
Title VII
the Lieber Code
How many rounds of negotiations did it take for countries to agree on terms for
the World Trade Organization?
a.
b.
c.
d.
2
7
9
11
27
14.
When was the General Agreement on Tariffs and Trade first instituted?
a.
b.
c.
d.
15.
in the early 1900s
after World War I
during the Great Depression
after World War II
What major trade body was established in 1995?
a.
b.
c.
d.
IMF
ITO
WTO
World Bank
This completes Exam 3 and Module 5. Please be sure to transfer your answers to the
answer sheet after reviewing them. Then mail the answer sheet to the school in the
postage-paid envelope provided, submit it through our web site at www.scitraining.com,
or fax it to us toll free at 1-888-486-9428.
Congratulations on the completion of your course!
28
ANSWER SHEET
Mailing/Shipping address
1 Champlain Commons, Unit 3
PO Box 1560 Saint Albans VT 05478-5560
Exam 3
Lesson Number
AJE5C
Name
Address
Please Print Clearly
City
State
Zip Code
Telephone:(
Student Number
)
Please cut along the dotted line.
Area Code
Select only one answer for each question and mark the appropriate box with an “X”.
NOTE: To submit this exam via the Internet, visit our web site at www.scitraining.com.
1.
A
B
C
D
11.
A
B
C
D
2.
A
B
C
D
12.
A
B
C
D
3.
A
B
C
D
13.
A
B
C
D
4.
A
B
C
D
14.
A
B
C
D
5.
A
B
C
D
15.
A
B
C
D
6.
A
B
C
D
7.
A
B
C
D
8.
A
B
C
D
9.
A
B
C
D
10.
A
B
C
D
Please remember to write your student number in the space provided.
29

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