Chapter 01 Taking Risks and Making Profits within the Dynamic Business

121. Demographic changes create new business opportunities.
True False

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

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

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

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

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

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

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

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

130. Workplace changes due to the rise of single-parent families create many job opportunities in day care, counseling, and other related fields.
True False

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

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

133. 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.
True False

134. Allowing today's young people to invest part of their Social Security money in personal savings accounts makes sense since in the future less money will be coming into Social Security than will be going out.
True False

135. The "pay-as-you-go" Social Security system will ensure that the young people of today will have Social Security benefits in the future when they retire.
True False

136. 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.
True False

137. 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.
True False

138. 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.
True False

139. Globalization has increased among nations.
True False

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