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 |is |demography? |Identify |two |demographic |trends |in |the |United |States |and
|discuss |how |they |will |impactUnited |States |businesses.
5) Describe |what |we |mean |by |greening |and |thinking |green. |List |five |ways |that |people
|and |businesses |are |participating |in |the |green |movement. |List |business |opportunities |that |may
|emerge |from |this |movement.
6) Trace |the |evolution |of |American |business. |Identify |the |key |trends, |and |discuss
|the |implications |these |trends |have |for |the |future.
, 7) An |entity |that |seeks |to |earn |a |profit |by |providing |a |good |or |service |is |known |as |a(n)
A) industry.
B) corporation.
C) business.
D) service.
8) is |the |amount |a |business |earns |after |deducting |what |it |spends |for |salaries
|and |other |expenses.
A) Profit
B) Revenue
C) Interest
D) Dividends
9) A |business |incurs |a | if |its |costs |and |expenses |exceed |its |revenues.
A) loss
B) liability
C) debit
D) dividend
10) is |the |chance |a |business |owner |will |lose |the |time |and |money |invested |in
|a |business |that |proves |to |be |unprofitable.
A) Depreciation
B) Risk
C) Opportunity
D) Redundancy
11) The |total |amount |of |money |that |businesses |take |in |by |selling |goods |and |services |is |called
| | | |
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 |is |demography? |Identify |two |demographic |trends |in |the |United |States |and
|discuss |how |they |will |impactUnited |States |businesses.
5) Describe |what |we |mean |by |greening |and |thinking |green. |List |five |ways |that |people
|and |businesses |are |participating |in |the |green |movement. |List |business |opportunities |that |may
|emerge |from |this |movement.
6) Trace |the |evolution |of |American |business. |Identify |the |key |trends, |and |discuss
|the |implications |these |trends |have |for |the |future.
, 7) An |entity |that |seeks |to |earn |a |profit |by |providing |a |good |or |service |is |known |as |a(n)
A) industry.
B) corporation.
C) business.
D) service.
8) is |the |amount |a |business |earns |after |deducting |what |it |spends |for |salaries
|and |other |expenses.
A) Profit
B) Revenue
C) Interest
D) Dividends
9) A |business |incurs |a | if |its |costs |and |expenses |exceed |its |revenues.
A) loss
B) liability
C) debit
D) dividend
10) is |the |chance |a |business |owner |will |lose |the |time |and |money |invested |in
|a |business |that |proves |to |be |unprofitable.
A) Depreciation
B) Risk
C) Opportunity
D) Redundancy
11) The |total |amount |of |money |that |businesses |take |in |by |selling |goods |and |services |is |called
