TEST BANK
Understanding Business, 13th Edition
By Nickels, McHugh, Chapters 1 – 20
,TABLE OF CONTENTS
c c c
CHAPTER 1: Taking Risks and Making Profits within the Dynamic Business Environmen
c c c c c c c c c c c
t
CHAPTER 2: Understanding Economics and How It Affects Business
c c c c c c c c
CHAPTER 3: Doing Business in Global Markets
c c c c c c
CHAPTER 4: Demanding Ethical and Socially Responsible Behavior
c c c c c c c
CHAPTER 5: How to Form a Business
c c c c c c c
CHAPTER 6: Entrepreneurship and Starting a Small Business
c c c c c c c
CHAPTER 7: Management and Leadership
c c c c
CHAPTER 8: Structuring Organizations for Today’s Challenges
c c c c c c
CHAPTER 9: Production and Operations Management
c c c c c
CHAPTER 10: Motivating Employees
c c c
CHAPTER 11: Human Resource Management: Finding and Keeping the Best Employee
c c c c c c c c c c
s
CHAPTER 12: Dealing with Employee–Management Issues
c c c c c
CHAPTER 13: Marketing: Helping Buyers Buy
c c c c c
CHAPTER 14: Developing and Pricing Goods and Services
c c c c c c c
CHAPTER 15: Distributing Products
c c c
CHAPTER 16: Using Effective Promotions
c c c c
CHAPTER 17: Understanding Accounting and Financial Information
c c c c c c
CHAPTER 18: Financial Management
c c c
CHAPTER 19: Using Securities Markets for Financing and Investing Opportunities
c c c c c c c c c
CHAPTER 20: Money, Financial Institutions, and the Federal Reserve
c c c c c c c c
,Answers are at the end of Each chapter
c c c c c c c c
Chapter 1 c
Student name:
c
1) Describecthreecwayscthatcgovernmentsccancfostercentrepreneurshipcandcenco
uragectheccreationcofcwealth
2) Describechowcbusinessesccancusectechnologyctocbecmorecresponsivectoccustomers.
3) Competitioncamongcbusinesseschascnevercbeencgreater.cIdentifycandcdescribect
wocwayscthatcbusinessesccancbecomecmoreccompetitive.
4) Whatciscdemography?cIdentifyctwocdemographicctrendscincthecUnitedcStatescandc
discusschowctheycwillcimpactUnitedcStatescbusinesses.
5) Describecwhatcwecmeancbycgreeningcandcthinkingcgreen.cListcfivecwayscthatcpeopl
ecandcbusinessescarecparticipatingcincthecgreencmovement.cListcbusinesscopportunitiescth
atcmaycemergecfromcthiscmovement.
6) TracecthecevolutioncofcAmericancbusiness.cIdentifyctheckeyctrends,candcdisc
usscthecimplicationscthesectrendschavecforcthecfuture.
, 7) Ancentitycthatcseeksctocearncacprofitcbycprovidingcacgoodcorcserviceciscknowncasca(n)
A) industry.
B) corporation.
C) business.
D) service.
8) iscthecamountcacbusinesscearnscaftercdeductingcwhatcitcspendscforcsalar
iescandcothercexpenses.
A) Profit
B) Revenue
C) Interest
D) Dividends
9) Acbusinesscincurscac ifcitsccostscandcexpensescexceedcitscrevenues.
A) loss
B) liability
C) debit
D) dividend
10) iscthecchancecacbusinesscownercwillclosecthectimecandcmoneycinveste
dcincacbusinesscthatcprovesctocbecunprofitable.
A) Depreciation
B) Risk
C) Opportunity
D) Redundancy
11) Thectotalcamountcofcmoneycthatcbusinessesctakecincbycsellingcgoodscandcservicesciscc
alled
Understanding Business, 13th Edition
By Nickels, McHugh, Chapters 1 – 20
,TABLE OF CONTENTS
c c c
CHAPTER 1: Taking Risks and Making Profits within the Dynamic Business Environmen
c c c c c c c c c c c
t
CHAPTER 2: Understanding Economics and How It Affects Business
c c c c c c c c
CHAPTER 3: Doing Business in Global Markets
c c c c c c
CHAPTER 4: Demanding Ethical and Socially Responsible Behavior
c c c c c c c
CHAPTER 5: How to Form a Business
c c c c c c c
CHAPTER 6: Entrepreneurship and Starting a Small Business
c c c c c c c
CHAPTER 7: Management and Leadership
c c c c
CHAPTER 8: Structuring Organizations for Today’s Challenges
c c c c c c
CHAPTER 9: Production and Operations Management
c c c c c
CHAPTER 10: Motivating Employees
c c c
CHAPTER 11: Human Resource Management: Finding and Keeping the Best Employee
c c c c c c c c c c
s
CHAPTER 12: Dealing with Employee–Management Issues
c c c c c
CHAPTER 13: Marketing: Helping Buyers Buy
c c c c c
CHAPTER 14: Developing and Pricing Goods and Services
c c c c c c c
CHAPTER 15: Distributing Products
c c c
CHAPTER 16: Using Effective Promotions
c c c c
CHAPTER 17: Understanding Accounting and Financial Information
c c c c c c
CHAPTER 18: Financial Management
c c c
CHAPTER 19: Using Securities Markets for Financing and Investing Opportunities
c c c c c c c c c
CHAPTER 20: Money, Financial Institutions, and the Federal Reserve
c c c c c c c c
,Answers are at the end of Each chapter
c c c c c c c c
Chapter 1 c
Student name:
c
1) Describecthreecwayscthatcgovernmentsccancfostercentrepreneurshipcandcenco
uragectheccreationcofcwealth
2) Describechowcbusinessesccancusectechnologyctocbecmorecresponsivectoccustomers.
3) Competitioncamongcbusinesseschascnevercbeencgreater.cIdentifycandcdescribect
wocwayscthatcbusinessesccancbecomecmoreccompetitive.
4) Whatciscdemography?cIdentifyctwocdemographicctrendscincthecUnitedcStatescandc
discusschowctheycwillcimpactUnitedcStatescbusinesses.
5) Describecwhatcwecmeancbycgreeningcandcthinkingcgreen.cListcfivecwayscthatcpeopl
ecandcbusinessescarecparticipatingcincthecgreencmovement.cListcbusinesscopportunitiescth
atcmaycemergecfromcthiscmovement.
6) TracecthecevolutioncofcAmericancbusiness.cIdentifyctheckeyctrends,candcdisc
usscthecimplicationscthesectrendschavecforcthecfuture.
, 7) Ancentitycthatcseeksctocearncacprofitcbycprovidingcacgoodcorcserviceciscknowncasca(n)
A) industry.
B) corporation.
C) business.
D) service.
8) iscthecamountcacbusinesscearnscaftercdeductingcwhatcitcspendscforcsalar
iescandcothercexpenses.
A) Profit
B) Revenue
C) Interest
D) Dividends
9) Acbusinesscincurscac ifcitsccostscandcexpensescexceedcitscrevenues.
A) loss
B) liability
C) debit
D) dividend
10) iscthecchancecacbusinesscownercwillclosecthectimecandcmoneycinveste
dcincacbusinesscthatcprovesctocbecunprofitable.
A) Depreciation
B) Risk
C) Opportunity
D) Redundancy
11) Thectotalcamountcofcmoneycthatcbusinessesctakecincbycsellingcgoodscandcservicesciscc
alled
