TEST BANK Understanding Business, 13th Edition By William Nickels, Jim McHugh, Chapters 1 – 20

TEST BANK Understanding Business, 13th
Edition By William Nickels, Jim McHugh,
Chapters 1 – 20

,TABLE OF CONTENTS
A A A




CHAPTERA1:ATakingARisksAandAMakingAProfitsAwithinAtheADynamicABusinessAEnvironment

CHAPTERA2:AUnderstandingAEconomicsAandAHowAItAAffectsABusiness

CHAPTERA3:ADoingABusinessAinAGlobalAMarkets

CHAPTERA4:ADemandingAEthicalAandASociallyAResponsibleABehavior

CHAPTERA5:AHowAtoAFormAaABusinessA

CHAPTERA6:AEntrepreneurshipAandAStartingAaASmallABusiness

CHAPTERA7:AManagementAandALeadership

CHAPTERA8:AStructuringAOrganizationsAforAToday’sAChallenges

CHAPTERA9:AProductionAandAOperationsAManagement

CHAPTERA10:AMotivatingAEmployees

CHAPTERA11:AHumanAResourceAManagement:AFindingAandAKeepingAtheABestAEmployees

CHAPTERA12:ADealingAwithAEmployee–ManagementAIssues

CHAPTERA13:AMarketing:AHelpingABuyersABuy

CHAPTERA14:ADevelopingAandAPricingAGoodsAandAServices

CHAPTERA15:ADistributingAProducts

CHAPTERA16:AUsingAEffectiveAPromotions

CHAPTERA17:AUnderstandingAAccountingAandAFinancialAInformation

CHAPTERA18:AFinancialAManagement

CHAPTERA19:AUsingASecuritiesAMarketsAforAFinancingAandAInvestingAOpportunities

CHAPTERA20:AMoney,AFinancialAInstitutions,AandAtheAFederalAReserve

,AnswersAareAatAtheAendAofAEachAchapterA


Chapter 1 A




StudentAname:
1) DescribeAthreeAwaysAthatAgovernmentsAcanAfosterAentrepreneurshipAandAencourag
eAtheAcreationAofAwealth




2) DescribeAhowAbusinessesAcanAuseAtechnologyAtoAbeAmoreAresponsiveAtoAcustomers.




3) CompetitionAamongAbusinessesAhasAneverAbeenAgreater.AIdentifyAandAdescribeAtwoA
waysAthatAbusinessesAcanAbecomeAmoreAcompetitive.




4) WhatAisAdemography?AIdentifyAtwoAdemographicAtrendsAinAtheAUnitedAStatesAandAdis
cussAhowAtheyAwillAimpactUnitedAStatesAbusinesses.




5) DescribeAwhatAweAmeanAbyAgreeningAandAthinkingAgreen.AListAfiveAwaysAthatApeopleA
andAbusinessesAareAparticipatingAinAtheAgreenAmovement.AListAbusinessAopportunitiesAthatAma
yAemergeAfromAthisAmovement.




6) TraceAtheAevolutionAofAAmericanAbusiness.AIdentifyAtheAkeyAtrends,AandAdiscussA
theAimplicationsAtheseAtrendsAhaveAforAtheAfuture.

, 7) AnAentityAthatAseeksAtoAearnAaAprofitAbyAprovidingAaAgoodAorAserviceAisAknownAasAa(n)

A) industry.
B) corporation.
C) business.
D) service.




8) isAtheAamountAaAbusinessAearnsAafterAdeductingAwhatAitAspendsAforAsalarie
sAandAotherAexpenses.

A) Profit
B) Revenue
C) Interest
D) Dividends

9) AAbusinessAincursAaA ifAitsAcostsAandAexpensesAexceedAitsArevenues.

A) loss
B) liability
C) debit
D) dividend

10) isAtheAchanceAaAbusinessAownerAwillAloseAtheAtimeAandAmoneyAinvestedA
inAaAbusinessAthatAprovesAtoAbeAunprofitable.

A) Depreciation
B) Risk
C) Opportunity
D) Redundancy



11) TheAtotalAamountAofAmoneyAthatAbusinessesAtakeAinAbyAsellingAgoodsAandAservicesAisAcall
ed