Business Concepts Quiz
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Questions and Answers

What is the term for the collective knowledge that employees contribute to an organization?

  • Financial Capital
  • Intellectual Capital (correct)
  • Human Resources
  • Social Capital
  • Which of the following best describes the concept of globalization in the context of modern business?

  • Growing interdependence of global resources, markets, and competition. (correct)
  • Promoting isolation between international and national markets.
  • Reducing the need for international trade and collaboration.
  • Focusing solely on local markets and resources.
  • What effect does increasing diversity in the workplace have on employers?

  • It decreases the overall productivity and creativity within teams.
  • It provides both opportunities and challenges, including issues such as discrimination and the glass ceiling. (correct)
  • It only presents challenges by fostering miscommunication or conflict.
  • It leads to a more homogeneous workforce.
  • What is the relationship between technology and the modern workplace?

    <p>Technology is rapidly transforming the workplace, creating a demand for workers with adequate technological skills.</p> Signup and view all the answers

    What is a key characteristic of modern organizations?

    <p>They aim to provide useful goods and services that return value to society and satisfy consumer needs.</p> Signup and view all the answers

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