BUS 6600 CHAPTER 1 - QUESTIONS WITH VERIFIED
ANSWERS
Business - Answers - any activity that seeks to provide goods and services to others
while operating at a profit
Business Environment - Answers - the surrounding factors that either help or hinder the
development of businesses
Climate Change - Answers - the movement of the temperature of the planet up or down
over time
Database - Answers - an electronic storage file for information
Demography - Answers - the statistical study of the human population with regard to its
size, density, and other characteristics such as age, race, gender, and income
E-Commerce - Answers - the buying and selling of goods over the internet
Empowerment - Answers - giving frontline workers the responsibility, authority, freedom,
training, and equipment they need to respond quickly to customer requests
Entrepreneur - Answers - a person who risks time and money to start and manage a
business
Factors of Production - Answers - The resources used to create wealth: land, labor,
capital, entrepreneurship, and knowledge.
Goods - Answers - Tangible products such as computers, food, clothing, cars, and
appliances.
Greening - Answers - the trend toward saving energy and producing products that
cause less harm to the environment
identity theft - Answers - the obtaining of individual's personal information such as social
security number and credit card numbers for illegal purposes
Loss - Answers - when a business's expenses are more than its revenues
Nonprofit Organization - Answers - an organization whose goals do not include making
a personal profit for its owners or organizers
ANSWERS
Business - Answers - any activity that seeks to provide goods and services to others
while operating at a profit
Business Environment - Answers - the surrounding factors that either help or hinder the
development of businesses
Climate Change - Answers - the movement of the temperature of the planet up or down
over time
Database - Answers - an electronic storage file for information
Demography - Answers - the statistical study of the human population with regard to its
size, density, and other characteristics such as age, race, gender, and income
E-Commerce - Answers - the buying and selling of goods over the internet
Empowerment - Answers - giving frontline workers the responsibility, authority, freedom,
training, and equipment they need to respond quickly to customer requests
Entrepreneur - Answers - a person who risks time and money to start and manage a
business
Factors of Production - Answers - The resources used to create wealth: land, labor,
capital, entrepreneurship, and knowledge.
Goods - Answers - Tangible products such as computers, food, clothing, cars, and
appliances.
Greening - Answers - the trend toward saving energy and producing products that
cause less harm to the environment
identity theft - Answers - the obtaining of individual's personal information such as social
security number and credit card numbers for illegal purposes
Loss - Answers - when a business's expenses are more than its revenues
Nonprofit Organization - Answers - an organization whose goals do not include making
a personal profit for its owners or organizers
