54. Which of the following, identified in an analysis of the general environment, is an opportunity for an entrepreneur who wishes to open a business providing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people? a. The average age of the population in his community is high. b. The level of unemployment in his community is high. c. A chiropractor and two independent physical therapists are located in his community. d. The average education level of the population in his community is low. a ANSWER: 1 POINTS: Medium DIFFICULTY: 40, 43–44 REFERENCES: STMA.HITT.13. - 1.4 LEARNING OBJECTIVES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental NOTES: Influence | Dierdorff & Managing strategy & innovation | Bloom: Application 55. An analysis of income distribution would include all of the following EXCEPT a. the purchasing power of various age groups. b. the discretionary income of various ethnic groups. c. wage differentials between male and female employees working for a large manufacturer. d. how income is distributed among regions of the United States. c ANSWER: 1 POINTS: Hard DIFFICULTY: 45–46 REFERENCES: STMA.HITT.13.Comprehension - Comprehension LEARNING OBJECTIVES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Comprehension 56. Demographic changes include variations in income distribution. Which of the following statements is true? a. are most interested in the consumers in the top 10 percent of household income. b. In general, living standards have deteriorated over time. c. The general loss in real income has been somewhat offset by the increase in dual-career couples. d. Workforce diversity is making the concept of average income obsolete. c ANSWER: 1 POINTS: Medium DIFFICULTY: 45 REFERENCES: STMA.HITT.13.Knowledge - Application LEARNING OBJECTIVES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental NOTES: Influence | Dierdorff & Managing the task environment | Bloom: Knowledge
54. Which of the following, identified in an analysis of the general environment, is an opportunity for an entrepreneur who wishes to open a business providing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people? a. The average age of the population in his community is high. b. The level of unemployment in his community is high. c. A chiropractor and two independent physical therapists are located in his community. d. The average education level of the population in his community is low. ANSWER: a POINTS: 1 DIFFICULTY: Medium REFERENCES: 40, 43–44 LEARNING OBJECTIVES: STMA.HITT.13. - 1.4 NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Managing strategy & innovation | Bloom: Application 55. An analysis of income distribution would include all of the following EXCEPT a. the purchasing power of various age groups. b. the discretionary income of various ethnic groups. c. wage differentials between male and female employees working for a large manufacturer. d. how income is distributed among regions of the United States. ANSWER: c POINTS: 1 DIFFICULTY: Hard REFERENCES: 45–46 LEARNING OBJECTIVES: STMA.HITT.13.Comprehension - Comprehension AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Comprehension 56. Demographic changes include variations in income distribution. Which of the following statements is true? a. are most interested in the consumers in the top 10 percent of household income. b. In general, living standards have deteriorated over time. c. The general loss in real income has been somewhat offset by the increase in dual-career couples. d. Workforce diversity is making the concept of average income obsolete. ANSWER: c POINTS: 1 DIFFICULTY: Medium REFERENCES: 45 LEARNING OBJECTIVES: STMA.HITT.13.Knowledge - Application NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Managing the task environment | Bloom: Knowledge