27) ________ is the process by which people recognize opportunities to satisfy needs and then gather

27) ________ is the process by which people recognize
opportunities to satisfy needs and then gather and use resources to meet those
needs.
A) Moonlighting
B) Benchmarking
C) Entrepreneurship
D) Social loafing
1

28) Jeffrey Bezos saw the opportunity to sell books over the
Internet, which was growing. So he started a Web site where people could buy
new books and sell there existing books. This was the first Web site dedicated
to buying or selling books. This is an example of ________.
A) social loafing
B) parallel marketing
C) surface bargaining
D) entrepreneurship

29) Robert decided to create a Web site for buying and
selling electronic products and he only recruited people who could provide
high-quality, customer-friendly service that would appeal most to his Internet
customers. This shows that Robert is trying to create value at the ________
stage.
A) input
B) conversion
C) output
D) feedback

30) Which of the following is a part of an organization’s
environment?
A) machinery
B) suppliers
C) money and capital
D) raw materials

31) Which of the following is a part of an organizations’
inputs?
A) salaries
B) suppliers
C) money and capital
D) shareholders
Answer: C

32) Which of the following is an output created by an
organization?
A) capital
B) competitors
C) machinery
D) salaries