Modern Business & Characteristics November 29, 2023 Contents Results - #1. What is a key characteristic of modern businesses in the digital era? Traditional practices Traditional practices Global connectivity Global connectivity Manual operations Manual operations Localized markets Localized markets #2. Which factor is crucial for success in modern business environments? Reliance on intuition Reliance on intuition Resistance to change Resistance to change Adaptability and innovation Adaptability and innovation Static business models Static business models #3. What is a common feature of modern business communication? Paper-based memos Paper-based memos Hierarchical structure Hierarchical structure Slow response time Slow response time Instant messaging and emails Instant messaging and emails #4. In modern business, what is the role of sustainability practices? initiative initiative Cost burden Cost burden Ethical responsibility Ethical responsibility Limited impact Limited impact #5. What is a characteristic of modern organizational structures? Centralized decision-making Centralized decision-making Limited collaboration Limited collaboration Flexibility and decentralization Flexibility and decentralization Static hierarchy Static hierarchy #6. In modern business, what is the emphasis on customer relationships? Transactional focus Transactional focus Short-term interactions Short-term interactions Long-term partnerships Long-term partnerships Limited feedback Limited feedback #7. Which term is associated with the use of advanced technologies to streamline business processes? Conventional methods Conventional methods Automation Automation Manual labor Manual labor Redundant practices Redundant practices #8. In modern business, what is the importance of a diverse and inclusive workforce? Limited relevance Limited relevance Social obligation Social obligation Cost burden Cost burden Competitive advantage Competitive advantage #9. What is a characteristic of modern marketing strategies? Mass advertising only Mass advertising only Product-centric focus Product-centric focus Personalized and targeted approaches Personalized and targeted approaches Limited customer feedback Limited customer feedback #10. In modern business, what is the role of agility? Resistance to change Resistance to change Slow decision-making Slow decision-making Quick adaptation to market changes Quick adaptation to market changes Static business plans Static business plans #11. What is a key aspect of modern supply chain management? a. Localized sourcing a. Localized sourcing b. Limited transparency b. Limited transparency c. Global integration c. Global integration d. Manual inventory tracking d. Manual inventory tracking #12. In modern business, what does the term "E-commerce" refer to? Exclusive physical stores Exclusive physical stores Traditional marketplaces Traditional marketplaces Online buying and selling Online buying and selling Cash transactions only Cash transactions only #13. What is a characteristic of modern business leadership? Authoritarian style Authoritarian style Limited collaboration Limited collaboration Servant leadership and collaboration Servant leadership and collaboration Hierarchical decision-making Hierarchical decision-making #14. In modern business, what is the significance of continuous learning and development? One-time training One-time training Limited relevance Limited relevance Ongoing skill enhancement Ongoing skill enhancement Static skill sets Static skill sets #15. What is a common feature of modern business models? Rigid structures Rigid structures Limited customer engagement Limited customer engagement Subscription-based services Subscription-based services Traditional advertising only Traditional advertising only #16. In modern business, what is the role of social media? Irrelevant communication channel Irrelevant communication channel Limited audience reach Limited audience reach Marketing and customer engagement Marketing and customer engagement Manual promotion Manual promotion #17. What is a characteristic of modern financial management in businesses? Limited use of technology Limited use of technology Static budgeting Static budgeting Real-time financial data analysis Real-time financial data analysis Exclusive reliance on traditional methods Exclusive reliance on traditional methods #18. In modern business, what is the approach to risk management? Avoidance of all risks Avoidance of all risks Reactive risk response Reactive risk response Proactive risk identification and mitigation Proactive risk identification and mitigation Limited consideration of risks Limited consideration of risks #19. What is a characteristic of modern business culture? Resistance to change Resistance to change Strict hierarchy Strict hierarchy Emphasis on innovation and collaboration Emphasis on innovation and collaboration Limited employee empowerment Limited employee empowerment Finish