Question 1

Improved distribution systems have led to more global trade.

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Question 2

Xavier,a recent college graduate,is thinking of investing in a home health care business.He believes this will be a profitable venture because of the increasing number of people in the U.S.that will be over 60 in the near future and more likely to need this type of service.This accurately describes a demographic trend that will affect his business choice.

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Question 3

Diversity groups identified in the market today include extroverts,introverts,atheists,and the devout.

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Question 4

One factor that has had a major effect on businesses is the growth of single-parent families.

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Question 5

Globalization has increased among nations.

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Question 6

The federal government requires companies to take diversity very seriously,even recommending establishing a chief diversity officer in the executive suite.

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Question 7

An important environmental change in the global environment is the growth of international competition.

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Question 8

Companies have responded to a diverse customer base by hiring a more diverse workforce.

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Question 9

The current Social Security system will ensure that the young people of today will have Social Security benefits in the future when they retire.

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Question 10

Sue is a single mother with two small children.Her employer is considering providing family leave.Since Sue is a single mom with small children,she is unlikely to benefit from this program.

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Question 11

In some cities the number of legal and illegal immigrants has caused governments to adapt by changing signs to other languages.

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Question 12

Businesses that cater to older consumers in the future will likely not be successful.

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Question 13

Rob is an emergency room nurse at a local hospital in Texas.On a weekly basis,he will serve a number of patients who are not legally U.S.citizens.Many of them are giving birth to babies.Fortunately,Rob speaks enough Spanish to communicate with the patients.Rob is experiencing the realities of the social environment in some states.

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Question 14

Currently people between the ages of 45 and 54 are the richest group in the United States.

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Question 15

New welfare rules have made it easier for single parents to remain at home with their young children without being required to seek employment.

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Question 16

Businesses use demographic studies to understand where people live,their lifestyles,and what they are likely to buy.

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Question 17

Demographic trends suggest that businesses will benefit from offering flexible work schedules,eldercare,and childcare to help employees balance the demands of job and family.

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Question 18

Globalization has greatly increased living standards around the world.

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Question 19

Diversity management would not be an issue if firms would treat all of their employees the same.

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Question 20

Global trade has suffered because of increased problems with the Internet.

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Quiz 1: Taking Risks and Making Profits Within the Dynamic Business Environment