DOWNLOAD cTHE cTest cBank cfor cBusiness cEssentials c13th
cEdition cEbert
TEST BANK FOR BUSINESS ESSENTIA
LS 13TH EDITION EBERT
Business cEssentials, c13e c(Ebert/Griffin)
cChapter c1 The cU.S. cBusiness
cEnvironment
1) Which cof cthe cfollowing cbest cdescribes cprofit?
A) Total cmoney ctaken cin cby ca ccorporation
B) Increases cin cincome cfrom cyear cto cyear
C) Increases cin ca ccorporation's cstock cprice
D) Revenue cgenerated cby cgoods cand cservices
E) Difference cbetween crevenues cand
cexpenses cAnswer: c E
Difficulty: c c Moderate
AACSB: c Application cof
cknowledge cQuestion cCategory:
c Application
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
1
Copyright c© c2022 cPearson cEducation,
cInc.
mynursytest.store
,DOWNLOAD cTHE cTest cBank cfor cBusiness cEssentials c13th
cEdition cEbert
2) Which cof cthe cfollowing cis cdefined cas cthe cenvironment cwhere ca cfirm cconducts cits
coperations cand cderives cits crevenues cknown cas?
A) Global cbusiness cenvironment
B) Economic cenvironment
C) Domestic cbusiness cenvironment
D) Technological cenvironment
E) Political-legal
cenvironment cAnswer: c C
Difficulty: c c Moderate
AACSB: c Application cof
cknowledge cQuestion cCategory:
c Concept
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
3) Factors csuch cas cinternational ctrade cagreements, ceconomic cconditions, cand cpolitical
cunrest cwill chave cthe cgreatest cimpact con cwhich ctype cof cbusiness cenvironment?
A) Global cbusiness cenvironment
B) Economic cenvironment
C) Domestic cbusiness cenvironment
D) Technological cenvironment
E) Political-legal
cenvironment cAnswer: c A
Difficulty: c c Moderate
AACSB: c Application cof
cknowledge cQuestion cCategory:
c Concept
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
2
Copyright c© c2022 cPearson cEducation,
cInc.
mynursytest.store
,DOWNLOAD cTHE cTest cBank cfor cBusiness cEssentials c13th
cEdition cEbert
4) Changes cin cwhich ctype cof cbusiness cenvironment ccan creduce cor creplace cthe cneed
cfor ctraditional cworking cmethods, cphysical cequipment, cand cother cplatforms cneeded cto
cconduct cbusiness?
A) Global cbusiness cenvironment
B) Economic cenvironment
C) Domestic cbusiness cenvironment
D) Technological cenvironment
E) Political-legal
cenvironment cAnswer: c D
Difficulty: c c Moderate
AACSB: c Application cof
cknowledge cQuestion cCategory:
c Concept
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
5) As ca cteenager, cMelinda cstarted ccutting cgrass cfor cher cneighbor. cShe cdid ca cgood
cjob, cand cmore cand cmore cneighbors cbegan cto chire cher. cAfter csaving cmoney cand
cinvesting cin cadditional cequipment, cMelinda cbegan cto cearn can ceven cgreater cprofit.
cWhich cof cthe cfollowing cdid cMelinda ccreate cwhen cshe cbegan ccutting cher cneighbor's
cyard cand cearning cincome?
A) Nonprofit
B) Corporate cculture
C) Market ceconomy
D) Monopolistic ccompetition
E) Business
cAnswer: c E
cDifficulty:
c Easy
AACSB: c Application cof
cknowledge cQuestion cCategory:
c Concept
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
6) In cwhich cway cdoes cconsumer cchoice cand cdemand caffect cthe cway ca cbusiness coperates?
A) Businesses cmust ctake cinto caccount cwhat cconsumers cwant cor cneed.
B) Businesses cmust cproduce cmost cof cthe cgoods cand cservices cwe cconsume.
C) Businesses cmust cfind copportunity cand cdevelop ca cplan cto ccapitalize con cit.
D) Business cmust cprepare cto ccompete cin cthe cglobal cmarketplace.
E) Business cmust cuse ctechnology cto ctrack cchanging cdemographics cin cthe
ccommunity. cAnswer: c A
Difficulty: c c Moderate
AACSB: c Application cof
cknowledge cQuestion cCategory:
3
Copyright c© c2022 cPearson cEducation,
cInc.
mynursytest.store
, DOWNLOAD cTHE cTest cBank cfor cBusiness cEssentials c13th
cEdition cEbert
c Concept
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
4
Copyright c© c2022 cPearson cEducation,
cInc.
mynursytest.store
cEdition cEbert
TEST BANK FOR BUSINESS ESSENTIA
LS 13TH EDITION EBERT
Business cEssentials, c13e c(Ebert/Griffin)
cChapter c1 The cU.S. cBusiness
cEnvironment
1) Which cof cthe cfollowing cbest cdescribes cprofit?
A) Total cmoney ctaken cin cby ca ccorporation
B) Increases cin cincome cfrom cyear cto cyear
C) Increases cin ca ccorporation's cstock cprice
D) Revenue cgenerated cby cgoods cand cservices
E) Difference cbetween crevenues cand
cexpenses cAnswer: c E
Difficulty: c c Moderate
AACSB: c Application cof
cknowledge cQuestion cCategory:
c Application
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
1
Copyright c© c2022 cPearson cEducation,
cInc.
mynursytest.store
,DOWNLOAD cTHE cTest cBank cfor cBusiness cEssentials c13th
cEdition cEbert
2) Which cof cthe cfollowing cis cdefined cas cthe cenvironment cwhere ca cfirm cconducts cits
coperations cand cderives cits crevenues cknown cas?
A) Global cbusiness cenvironment
B) Economic cenvironment
C) Domestic cbusiness cenvironment
D) Technological cenvironment
E) Political-legal
cenvironment cAnswer: c C
Difficulty: c c Moderate
AACSB: c Application cof
cknowledge cQuestion cCategory:
c Concept
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
3) Factors csuch cas cinternational ctrade cagreements, ceconomic cconditions, cand cpolitical
cunrest cwill chave cthe cgreatest cimpact con cwhich ctype cof cbusiness cenvironment?
A) Global cbusiness cenvironment
B) Economic cenvironment
C) Domestic cbusiness cenvironment
D) Technological cenvironment
E) Political-legal
cenvironment cAnswer: c A
Difficulty: c c Moderate
AACSB: c Application cof
cknowledge cQuestion cCategory:
c Concept
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
2
Copyright c© c2022 cPearson cEducation,
cInc.
mynursytest.store
,DOWNLOAD cTHE cTest cBank cfor cBusiness cEssentials c13th
cEdition cEbert
4) Changes cin cwhich ctype cof cbusiness cenvironment ccan creduce cor creplace cthe cneed
cfor ctraditional cworking cmethods, cphysical cequipment, cand cother cplatforms cneeded cto
cconduct cbusiness?
A) Global cbusiness cenvironment
B) Economic cenvironment
C) Domestic cbusiness cenvironment
D) Technological cenvironment
E) Political-legal
cenvironment cAnswer: c D
Difficulty: c c Moderate
AACSB: c Application cof
cknowledge cQuestion cCategory:
c Concept
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
5) As ca cteenager, cMelinda cstarted ccutting cgrass cfor cher cneighbor. cShe cdid ca cgood
cjob, cand cmore cand cmore cneighbors cbegan cto chire cher. cAfter csaving cmoney cand
cinvesting cin cadditional cequipment, cMelinda cbegan cto cearn can ceven cgreater cprofit.
cWhich cof cthe cfollowing cdid cMelinda ccreate cwhen cshe cbegan ccutting cher cneighbor's
cyard cand cearning cincome?
A) Nonprofit
B) Corporate cculture
C) Market ceconomy
D) Monopolistic ccompetition
E) Business
cAnswer: c E
cDifficulty:
c Easy
AACSB: c Application cof
cknowledge cQuestion cCategory:
c Concept
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
6) In cwhich cway cdoes cconsumer cchoice cand cdemand caffect cthe cway ca cbusiness coperates?
A) Businesses cmust ctake cinto caccount cwhat cconsumers cwant cor cneed.
B) Businesses cmust cproduce cmost cof cthe cgoods cand cservices cwe cconsume.
C) Businesses cmust cfind copportunity cand cdevelop ca cplan cto ccapitalize con cit.
D) Business cmust cprepare cto ccompete cin cthe cglobal cmarketplace.
E) Business cmust cuse ctechnology cto ctrack cchanging cdemographics cin cthe
ccommunity. cAnswer: c A
Difficulty: c c Moderate
AACSB: c Application cof
cknowledge cQuestion cCategory:
3
Copyright c© c2022 cPearson cEducation,
cInc.
mynursytest.store
, DOWNLOAD cTHE cTest cBank cfor cBusiness cEssentials c13th
cEdition cEbert
c Concept
LO: c 1.1: cDefine cthe cnature cof cU.S. cbusiness, cdescribe cthe cexternal cenvironments
cof cbusiness, cand cdiscuss chow cthese cenvironments caffect cthe csuccess cor cfailure cof
corganizations.
4
Copyright c© c2022 cPearson cEducation,
cInc.
mynursytest.store
