TEST BANK Understanding Business, 13th
Edition By William Nickels, Jim McHugh,
Chapters 1 – 20
,TABLE OF CONTENTS
CHAPTER 1: Taking Risks and Making Profits within the Dynamic Business Environment
CHAPTER 2: Understanding Economics and How It Affects Business
CHAPTER 3: Doing Business in Global Markets
CHAPTER 4: Demanding Ethical and Socially Responsible Behavior
CHAPTER 5: How to Form a Business
CHAPTER 6: Entrepreneurship and Starting a Small Business
CHAPTER 7: Management and Leadership
CHAPTER 8: Structuring Organizations for Today’s Challenges
CHAPTER 9: Production and Operations Management
CHAPTER 10: Motivating Employees
CHAPTER 11: Human Resource Management: Finding and Keeping the Best Employees
CHAPTER 12: Dealing with Employee–Management Issues
CHAPTER 13: Marketing: Helping Buyers Buy
CHAPTER 14: Developing and Pricing Goods and Services
CHAPTER 15: Distributing Products
CHAPTER 16: Using Effective Promotions
CHAPTER 17: Understanding Accounting and Financial Information
CHAPTER 18: Financial Management
CHAPTER 19: Using Securities Markets for Financing and Investing Opportunities
CHAPTER 20: Money, Financial Institutions, and the Federal Reserve
,Answers are at the end of Each chapter
Chapter 1
Student name:
1) Describe three ways that governments can foster entrepreneurship and encourage
the creation of wealth
2) Describe how businesses can use technology to be more responsive to customers.
3) Competition among businesses has never been greater. Identify and describe two
ways that businesses can become more competitive.
4) What dis ddemography? dIdentify dtwo ddemographic dtrends din dthe dUnited dStates dand
ddiscuss dhow dthey dwill dimpactUnited dStates dbusinesses.
5) Describe dwhat dwe dmean dby dgreening dand dthinking dgreen. dList dfive dways dthat
dpeople dand dbusinesses dare dparticipating din dthe dgreen dmovement. dList dbusiness
dopportunities dthat dmay demerge dfrom dthis dmovement.
6) Trace dthe devolution dof dAmerican dbusiness. dIdentify dthe dkey dtrends, dand
ddiscuss dthe dimplications dthese dtrends dhave dfor dthe dfuture.
, 7) An dentity dthat dseeks dto dearn da dprofit dby dproviding da dgood dor dservice dis dknown das
da(n)
A) industry.
B) corporation.
C) business.
D) service.
8) is dthe damount da dbusiness dearns dafter ddeducting dwhat dit dspends dfor
dsalaries dand dother dexpenses.
A) Profit
B) Revenue
C) Interest
D) Dividends
9) A dbusiness dincurs da d if dits dcosts dand dexpenses dexceed dits drevenues.
A) loss
B) liability
C) debit
D) dividend
10) is dthe dchance da dbusiness downer dwill dlose dthe dtime dand dmoney
dinvested din da dbusiness dthat dproves dto dbe dunprofitable.
A) Depreciation
B) Risk
C) Opportunity
D) Redundancy
11) The dtotal damount dof dmoney dthat dbusinesses dtake din dby dselling dgoods dand dservices
dis dcalled
Edition By William Nickels, Jim McHugh,
Chapters 1 – 20
,TABLE OF CONTENTS
CHAPTER 1: Taking Risks and Making Profits within the Dynamic Business Environment
CHAPTER 2: Understanding Economics and How It Affects Business
CHAPTER 3: Doing Business in Global Markets
CHAPTER 4: Demanding Ethical and Socially Responsible Behavior
CHAPTER 5: How to Form a Business
CHAPTER 6: Entrepreneurship and Starting a Small Business
CHAPTER 7: Management and Leadership
CHAPTER 8: Structuring Organizations for Today’s Challenges
CHAPTER 9: Production and Operations Management
CHAPTER 10: Motivating Employees
CHAPTER 11: Human Resource Management: Finding and Keeping the Best Employees
CHAPTER 12: Dealing with Employee–Management Issues
CHAPTER 13: Marketing: Helping Buyers Buy
CHAPTER 14: Developing and Pricing Goods and Services
CHAPTER 15: Distributing Products
CHAPTER 16: Using Effective Promotions
CHAPTER 17: Understanding Accounting and Financial Information
CHAPTER 18: Financial Management
CHAPTER 19: Using Securities Markets for Financing and Investing Opportunities
CHAPTER 20: Money, Financial Institutions, and the Federal Reserve
,Answers are at the end of Each chapter
Chapter 1
Student name:
1) Describe three ways that governments can foster entrepreneurship and encourage
the creation of wealth
2) Describe how businesses can use technology to be more responsive to customers.
3) Competition among businesses has never been greater. Identify and describe two
ways that businesses can become more competitive.
4) What dis ddemography? dIdentify dtwo ddemographic dtrends din dthe dUnited dStates dand
ddiscuss dhow dthey dwill dimpactUnited dStates dbusinesses.
5) Describe dwhat dwe dmean dby dgreening dand dthinking dgreen. dList dfive dways dthat
dpeople dand dbusinesses dare dparticipating din dthe dgreen dmovement. dList dbusiness
dopportunities dthat dmay demerge dfrom dthis dmovement.
6) Trace dthe devolution dof dAmerican dbusiness. dIdentify dthe dkey dtrends, dand
ddiscuss dthe dimplications dthese dtrends dhave dfor dthe dfuture.
, 7) An dentity dthat dseeks dto dearn da dprofit dby dproviding da dgood dor dservice dis dknown das
da(n)
A) industry.
B) corporation.
C) business.
D) service.
8) is dthe damount da dbusiness dearns dafter ddeducting dwhat dit dspends dfor
dsalaries dand dother dexpenses.
A) Profit
B) Revenue
C) Interest
D) Dividends
9) A dbusiness dincurs da d if dits dcosts dand dexpenses dexceed dits drevenues.
A) loss
B) liability
C) debit
D) dividend
10) is dthe dchance da dbusiness downer dwill dlose dthe dtime dand dmoney
dinvested din da dbusiness dthat dproves dto dbe dunprofitable.
A) Depreciation
B) Risk
C) Opportunity
D) Redundancy
11) The dtotal damount dof dmoney dthat dbusinesses dtake din dby dselling dgoods dand dservices
dis dcalled
