4. Are there any potential problems with a company implementing the perks mentioned
above? If so, what are they?
Yes, there are. There is no doubt that providing the perks means extra cost for companies. Illmanaged perks can lead to financial problems. Ev
1. The want-satisfying power of a good or service is called _.
Trucks, personnel, buildings, fuel, goods to be shipped, truck parts, and packaged supplies are
1. Management is the process of achieving _ through people and other resources.
c. organizational objectives
d. societal objectives
2. Lupes job duties include such tasks as deciding
Giving employees responsibility and authority to make decisions about their work is
Rajendra's company uses open book man
1. The financial manager for a typical corporation is responsible for _.
a. designing the accounting system
b. determining the most appropriate sources and uses of funds
c. gathering, recording, and reporting f
1. The function of attracting, developing, and retaining enough qualified employees to perform the activities
necessary to accomplish organizational objectives is part of _.
a. human resource management
More than 97 percent of all Canadian businesses employ:
100 or fewer employees
1,000 to 3,000 employees
3,000 to 5,000 employees
more than 5,000 employees
2. Small-business owners want to determin
Review and discuss the learning objectives with students. Gauge their awareness and
current opinions. Use a current business ethics issue/case throughout this chapter.
Highlight the difference between social responsibility (whose primary objective is the
1. Corporate social responsibility is some voluntary activities operated by companies in order to make society and environment better, which is a sustainable way to build a business model.
2. Starbucks plans to bulid unique stores for each location by hir
Business Concepts I (BUS 1038)
Define the nature of Canadian business and
identify its main goals
Describe different types of global economic
systems, according to the means by whic
George Brown College
BUSINESS CONCEPTS I
EFFECTIVE DATE: September 2013
YES (X) NO ( )
International trade is beneficial for the economy and individual businesses because it
boosts economic growth. Importing and exporting are the most common ways in
which businesses act globally, but there are other investments that businesses can
Business Concepts 1
Group Project (Case Study 1 Text Book Pages 138- 139 : Chapter 4)
(7.5%) Due on 1st November 2013)
Step 1: Form a group of 4-5 students
Step 2: Review the case study provided.
Step 3 Answer all the questions based
Business Concepts 1
Group Project (Case Study 2 )
(7.5%) Due on 22nd November 2013
Step 1: Form a group of 5-6 students
Step 2: Review the case study provided.
Step 3 Answer all the questions based on the case study.
Step 4 Self-asse
Start this chapter off with a discussion of current national and local economic data,
including the unemployment rate, GDP growth, inflation, and personal income
growth at an introductory level.
How the economy works has an impact on individuals and busin
The Changing Face
LO 1.1 Distinguish between
business and not-for-profit
LO 1.2 Identify and describe the
factors of production.
LO 1.3 Describe the private
enterprise system, including basic
Getting in on the Ground Floor
Course: BUS 1038 14508
Professor: Elizabeth Isaac
Due date: November 1, 2013
In Getting In on the Ground Floor, the author illustrates a story about L
CHAPTER 2 BUSINESSS CONCEPTS
A company removes a profitable product from the market because it may be dangerous.
This company is demonstrating _.
conflict of interest
MULTIPLE CHOICE BUSINESS CONCEPTS CHAPTER 4
1. Computers that are manufactured in Japan and sold in Norway are categorized as Japanese _.
2. During the past 10 years, the value of Canadian impor
CHAPTER 1 BUSINESS CONCEPTS
Which of the following are organized for profit and provide goods and services?
All of the following statements are correct EXCEPT:
1. An entrepreneur:
a. owns controlling interest in a company.
b. manages a business that operates in more than one country.
c. accepts the risk of starting and running a business.
d. manages a business for some
Mission statements are often the product of much deliberation and discussion. At the same time,
critics claim they sometimes lack "teeth" and specificity or do not vary much from firm to firm
and make the same empty promises.
Take a pos
Discussion Question 3: Challenges in Contemporary Business
1. Distinguish between microeconomics and macroeconomics.
Economics is divided in two categories: Microeconomics and Macroeconomics.
Microeconomics is the study of economics at an indi
Discussion Question 1: Microsoft and Google
Critical thinking questions
1. What feature or features has Google identified as the basis for its competitive differentiation?
The main feature that Google has identified as the basis for its differ
SECRET ACRES: SELLING COMICS IS SERIOUS BUSINESS
Janpreet Kaur, Elisabete Marques, Kunjesh Parekh, Shamima Rahman & Hema
Hassan | Business Concepts I: BUS1038 | Professor: Frank Maloney | February
Secret Acres is a comic
Discussion Question 8: GM Employees in Driver's Seat
GM: Putting Workers in the Drivers Seat
At GM, the autoworkers do many tasks as part of their jobs. hey operate machinery, run
computer programs, and manage schedules and logistics
What is corporate social responsibility?
Corporate social responsibility refers to when a business encompasses a wide variety of tactics that will
incorporate environmentally friendly business procedures. A few ways that businesses are practising
Discussion Question 7
Case Study 1
1) This reform can affect both employers by causing them to cut costs due to spending more money
due to changing the wages to part time employers, students under 18, etc. Employers may think
that their employees will be
The Changing Face of Business
Chapter Summary: Key Concepts
What Is Business?
All profit-seeking activities and enterprises that provide
goods and services necessary to an economic system.
Rewards for businesspeople who take the