1 Define green management and identify some of its elements.
Answer:
2 Which statements about the relationship between technology, production, and productivity
are true?
(A) Technology is the process of transforming resources into products, and technology is used
to increase productivity.
(B) Production is a performance measure of how many products were produced; whereas, productivity is
a performance measure relating outputs to inputs.
(C) The goal is to increase productivity; however, a firm can increase production while decreasing
productivity.
(D) Productivity is a performance measure relating outputs to inputs.
(E) Technology has not changed the way in which we do business in the past several decades.
3 ________ combines biology and technology to develop and produce business products.
(A) Biotechnology
(B) Biomass
(C) Biohazard
(D) First-mover technology
(E) Productivity
4 The company’s ________ is responsible for ensuring privacy and information security.
(A) Internet police
(B) main IT administrator
(C) chief executive officer
(D) chief financial officer
(E) chief information officer
5 The ________ leads and supports self-regulatory initiatives that created an environment of
trust and that foster the protection of individuals’ privacy online and in electronic commerce.
(A) CardSystems Solution
(B) National Consumers League
(C) Internet Fraud Watch
(D) Online Privacy Alliance
(E) Upfront Privacy Act
6 Being the first to develop the technological standard creates a(n) ________ to become the
strong winner-take-most of the market share leader.
(A) market share
(B) first-mover advantage
(C) initial reality
(D) unfair advantage
(E) initial adopter advantage
7 Which of the following is not considered by many to be a side effect of technology?
(A) environmental pollution
(B) increased productivity
(C) depletion of our natural resources
(D) loss of jobs
(E) creation of simple, boring jobs
8 ________ is a performance measure relating product and service outputs to resource
inputs. In simple terms, productivity is producing more with less.
(A) E-commerce
(B) Globalization
(C) Marketing
(D) Technology
(E) Productivity
9 ________ is often referred to as the application of science to business.
(A) Marketing
(B) Genetic engineering
(C) Technology
(D) Productivity
(E) Information sharing
10 Which of the elements explains how the winner takes most of the market share?
(A) Technology provides the company a way to recap its initial cost to produce a product,
because as production increases, the cost of producing each additional unit increases.
(B) Economies of scale create winner-take-most market situations.
(C) Creating the industry standard and being the first-mover are important market strategies that go
hand in hand to dominate a market.
(D) Being the first to develop the standard creates a first-mover advantage to become the strong winner–
take-most of the market share leader.
(E) Businesses like Amazon. com, e-Bay, and Intel all have first-mover advantage.
11 Which of the issues of managing technology are true?
(A) Issues of managing technology include protecting the privacy of consumers, employees,
and other stakeholders and providing security to prevent information from being misused.
(B) Companies use chief financial officers to develop and implement privacy policies and to ensure privacy
and information security.
(C) Managers also need to balance employee privacy with the need to use technology to monitor
employees and ensure their performance meets the company’s standard.
(D) Business has been reluctant to develop codes of computer ethics.
(E) Software developers of Napster and Grokster were careful to ensure that copyright infringement did
not occur on their file-sharing systems.
12 Which statements about biotechnology and bioethics are correct?
(A) Cloning research does not generally raise ethical or moral concerns over whether a human
embryo is actually a human being.
(B) There is not much controversy over the safety, ethics, and labeling of GMFs.
(C) Companies like Abbott Labs, Eli Lilly, and Johnson & Johnson are afraid to conduct research using
regenerative adult stem cells.
(D) Issues of biotechnology include genetic engineering and genetically modified foods (GMFs).
(E) Two major issues of genetic engineering include stem cell research and cloning.
13 Explain the functions of the Environmental Protection Agency.
Answer:
14 Define ozone depletion and discuss how it affects the earth.
Answer:
15 What are GM foods, and how do they affect society?
Answer:
16 Discuss at least four main issues on managing technology the textbook identified.
Answer:
17 Discuss some of the commonly recognized drawbacks of the increase of technology in
today’s society.
Answer:
18 Which statements about sustainability are true?
(A) Sustainability is about repairing and maintaining our natural environment.
(B) Society expects sustainability and for managers to use resources wisely and responsibly.
(C) Sustainable development has become one of the foremost issues facing the world.
(D) Sustainability, or multifaceted long-term quality of life, may be the most complex yet vital
phenomenon of our time.
(E) Growth in business shouldn’t happen at the expense of the environment.
19 Which statements about major environmental laws and regulations are true?
(A) The Clean Air Act requires the (EPA) to set national standards that limit pollution harmful to
people and the environment.
(B) The Clean Water Act sets narrow quality goals for state governments only.
(C) The National Pollutant Reduction System (NPRS) was created to specify maximum permissible
discharge levels and timetables for installing state-of-the art pollution control equipment.
(D) The Solid Waste Disposal Act gives regional, state, and local governments the main responsibility for
nontoxic waste management, with the EPA assisting them with research and other help.
(E) The Acid Rain Act gives Canada the right to bring American companies to court, suing them for
pollution that drifts north and damages flora and fauna in Canada.
20 Which statements about ozone depletion, global warming, and the endangerment of
biological diversity are true?
(A) Biodiversity is the need to have alternative sources of energy, as we are too dependent
upon oil.
(B) All three of these problems are similar because they are natural environmental issues that have been
caused primarily by pollution.
(C) Ozone is an oxygen-related gas that floats in a thin layer in the stratosphere between 8 to 25 miles
about the earth.
(D) Ozone is not very vital to living things on earth.
(E) The atmosphere of the earth is heating up, causing potential danger through the greenhouse effect.
21 ________ is meeting the needs of today without sacrificing future generations’ ability to
meet their needs.
(A) Degradation
(B) Environmental Scrutiny
(C) Long-range viability
(D) Sustainability
(E) Technology development
22 The Comprehensive Environmental Response, Compensation, and Liability Act of 1980
(CERCLA), better known as the _________, is another toxic waste initiative to clean up more
than 2,000 hazardous waste dumps and spills around America.
(A) Megahazard
(B) Big Chill
(C) Superfund
(D) Large Tank
(E) Financial Relief
23 The GE Food Alert Campaign Center encourages the production and consumption of more
GM food.
(A) True
(B) False
24 The new industry of biotechnology has created great entrepreneurial business opportunities
for health care, pharmaceutical, and agriculture firms to profitably increase our natural lifespan.
(A) True
(B) False
25 The best privacy policies include “opt-in” policy that requires the firm to notify the customer
of how the information is being used.
(A) True
(B) False
26 Companies do not collect, save, swap, and sell personal information through e-commerce.
(A) True
(B) False
27 MS Office was so popular that Apple had Microsoft work with it to develop its office software
to ensure compatibility between PC and Mac users.
(A) True
(B) False
28 Online business creates opportunities and market strategies that are different from
traditional business operations in that technology provides the company a way to recap its
initial cost to produce a product
(A) True
(B) False
29 Jobs tend to change with the level of technology.
(A) True
(B) False
30 Startups and small companies are not using IT to run their businesses using e-commerce
and m-commerce because of the start-up costs and security threats.
(A) True
(B) False
31 Selecting the best political strategy often affects the success of a business, and obtaining
government patents to protect new tech products from being copied is a common strategy.
(A) True
(B) False
32 All of the industrialized nations have signed, ratified, and currently abide by the Kyoto
Protocol to reduce greenhouse gases.
(A) True
(B) False
33 The richest biodiversity appears in rain forests, the number of which has been increasing
because people are turning farms back into forests.
(A) True
(B) False
34 The U.S. National ________ requires all federal agencies to prepare environmental impact
statements for any proposals for legislation and other major federal action that would affect the
quality of the human environment.
(A) Ozone Protection Act
(B) Environmental Policy Act
(C) Clean Air Act
(D) Impact Study Act
(E) Environmental Disaster Prevention Act
35 The _________ is the prevention of solar heat absorbed by the atmosphere from returning
to space, creating global warming and climate change problems.
(A) greenhouse effect
(B) oxygen depletion effect
(C) pollution constant
(D) big hole
(E) strangulation effect
36 ________ is a substance released into the environment that has a negative effect on the
environment and society.
(A) Granulation
(B) Technology
(C) Depletion
(D) Pollution
(E) Biodiversity
37 The application of ethics to the field of biotechnology is called _________.
(A) biotechnology
(B) genetic engineering
(C) bioethics
(D) agri-ethics
(E) micro-engineering
38 Sustainability, or multifaceted long-term quality of life, may be the most complex yet vital
phenomenon of our time.
(A) True
(B) False
39 The government is currently taking a less active approach, trying to clean it up after the
damage rather than prevent pollution to begin with.
(A) True
(B) False
40 Agricultural runoff (animal wastes, pesticides, and fertilizers) is now the primary cause of
water pollution; therefore, the EPA has placed several thousand large farming operations under
pollution permits allowing a set amount of pollution.
(A) True
(B) False
41 “Not in my back yard” (NIMBY) illustrates attitudes and behaviors that deny responsibility
for the misuse of our natural environment and for pollution.
(A) True
(B) False
42 M-commerce involves transacting business through a mobile device such as a phone or
tablet.
(A) True
(B) False