Business On Society

Which statement is most accurate about the impact of business on society? ... Which statement is most accurate about the impact of business on society? Businesses can have a positive impact on both standard of living and quality of life. Eve and 3 of her friends enjoy perfumes. Eve made scented candles as gifts for her friends. Her friends encouraged Eve to create more and sell them online. Eve has been filling orders and turning a profit, Eve is proof that: When you successfully fill a market need, you can make money. Noliva is a small and poor nation, but its current president has a genuine desire to create more wealth for Noliva citizens. The president has recieved many recommendations from his advisors, which is most likely to create the most wealth for N? Establish a business environment that promotes and rewards entrepreneurship. Nick is a recent finance graduate who has two passions: music and finance. Upon graduation, he was offered an opportunity to join a struggling rock band with a lot of potential, or a job at a large well-established financial services company. By joining the band, he will forgo which of the following? Added benefits such as health insurance provided to employees of large corporations. Adam Ripley sells custom bicycles. Adam buys several bike parts including wheels and tires from the Good Treads Company. Although several government—supported regulations help Adam in his business, regulations that make it easy for Adam's business to enjoy good vendor relationships are: Laws that support enforceable contracts between firms. Marla Staples is concerned with identity theft. One of the ways that she can protect her ... information from leaking—out to the wrong hands is: Install antivirus software, firewalls, and anti-spyware software on her computer. Which of the following statements best describes how firms must treat their front-line workers in order to remain competitive? Front-line workers must be: Empowered with the authority to respond quickly to the unmet needs of customers St. Claire Hospital is considering a program that would allow some of its workers to use ... flextime. One group of workers who would probably benefit from flextime is: Single-parent families. Laura and Tim McNash recently moved to North Carolina on a three-acre home site. They purposefully purchased their home within biking distance to the university where they are both employed, and their bikes each have room for two cloth bags for groceries if they need to purchase food on the way home, although they plan to grow much of their own. Laura and Tim are examples of a growing number of young people who: Want to change their lifestyle to be more in tune to saving energy. Upgrade to remove ads Only $2.99/month Jenna Leigh is an information savvy, 20-something person who is trying to select between two marketing job offers. She can either join a company that makes small hammers and screwdrivers for the do-it-yourself hardware store business, or she can join a company developing the fourth generation cell phone service. She is quite impressed that the hardware business is growing quite nicely in China, Mexico, and India where people are starting to expand their living spaces. She is also aware of: An information—based global revolution that might make her career at a telecommunications company more lucrative in the long run. Which of the following statements would a follower of Adam Smith be most likely to make? lf people are given the freedom to follow their own interests, theoretically their efforts will lead to economic growth that benefits society as a whole. For many years, Congressman Ricardo Perez has called for more government regulation of business. "After all," the Congressman said recently, "businesspeople are out to make a profit, not to create jobs or serve their customers. The government must pass more laws to require businesses to take the interests of consumers and workers into account." From these comments, it is clear that Congressman Perez: Does not accept the "invisible hand" idea brought forth by Adam Smith. Patrick lives in a nation whose government embraces capitalism. He owns his own home and car, as well as his own business and building. Patrick maintains ownership due to: The right to own private property. The market price of apples is currently rising. In a free—market economy, the most likely explanation of this price change is that: There is a shortage in the market for apples. Jorge Martinez is a well—educated entrepreneur who operated a small business in his home country of Florentina. At the encouragement of his American relatives, Jorge recently immigrated to the United States and applied for U.S. citizenship. "ln Florentina, tax rates were very high," Jorge complained. "The government used the taxes I paid to finance all sorts of social programs to help the less fortunate. While this is a noble goal, it has really undermined the profit incentive of individuals such as me. I really feel that these high taxes have stifled economic growth." Jorge's comments illustrate the reason many socialist countries are experiencing a(n): Brain drain.