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2. Answer the questions about the restaurant. (4) Choose “True” if the information is correct. If the information is not correct, choose “False”.   1. The chef at the restaurant studied Japanese at college .      [1] 2. Mr. Hayashi sometimes talks with the chef in Chinese.      [2] 3. Mr. Hayashi’s favorite restaurant is small but clean.      [3] 4. Not many students go there because it’s a little expensive.      [4]

Reading Section Mr. Hayashi writes about his favorite restaurant. Read the passage and answer the questions. (5)  

In recent years more countries’ economies are evolving into a ______________economy due to factors such as globalization, innovations, etc. Fill in the blank with the answer that best fits in the sentence above.

Which of these is not a key indicator of the health of an economy?

New technologies have allowed companies to manufacture products faster and more efficiently. List 3 such specific technical tools and or resources that we discussed in our class relating to manufacturing enhancements.    Points will be given only for the specific tools/resources discussed in our course.

Select the best answer that determines if a business can be defined as a “Small Business”?

Is the statement below true or false? Each element of the marketing mix should be evaluated and adjusted to provide unique value to the target customer(s). 

Define and describe the role of marketing.    Maximum points will be given for the key details learned in our course. 

By definition, operation management is primarily concerned with_________________.   Choose the response that best completes the above statement.

The purpose of a non-profit business is to________________________________________. Select a statement that best completes the sentence above.