Podcast
Questions and Answers
What is the primary reward for business people according to the text?
What is the primary reward for business people according to the text?
- Recognition in the business community
- Profit-seeking (correct)
- Access to technology advancements
- Networking opportunities
In the context of business, what are the factors of production?
In the context of business, what are the factors of production?
- Customers and suppliers
- Goods and services
- Land, labor, and capital (correct)
- Employees and managers
Which era of business focuses on alliances, technology, and environmental concerns?
Which era of business focuses on alliances, technology, and environmental concerns?
- Industrial era
- Relationship era (correct)
- Globalization era
- Innovation era
How is the nature of work changing in today's business environment?
How is the nature of work changing in today's business environment?
What characteristic is essential for a company to be admired by the business community?
What characteristic is essential for a company to be admired by the business community?
What do entrepreneurs do?
What do entrepreneurs do?
Which factor of production involves human resources?
Which factor of production involves human resources?
What does outsourcing involve?
What does outsourcing involve?
What changes in the workforce are mentioned in the text?
What changes in the workforce are mentioned in the text?
Which workforce characteristic is needed to compete in global markets according to the text?
Which workforce characteristic is needed to compete in global markets according to the text?
What is one impact of technology on hiring, as mentioned in the text?
What is one impact of technology on hiring, as mentioned in the text?
What is offshoring?
What is offshoring?
What is the role of collaboration in the changing workforce?
What is the role of collaboration in the changing workforce?
How is critical thinking defined in the text?
How is critical thinking defined in the text?
What skills are highlighted as important for a 21st-century manager?
What skills are highlighted as important for a 21st-century manager?
Why must managers be comfortable with tough decisions according to the text?
Why must managers be comfortable with tough decisions according to the text?
