Test Bank for Business Essentials, 8th Canadian Edition by Ronald J. Ebert |Verified Chapters, Complete Newest Version | Guaranteed pass 100%

,Chapters1s s UnderstandingsthesCanadiansBusinesssSystem

1.1 Multiple-ChoicesQuestions

1) Profitsis
A) whatsremainssaftersbusinesssexpensessaressubtractedsfromsbusinesssrevenues.
B) whatsremainssaftersdividendsshavesbeenspaidstosstockholders.
C) equalstostotalsrevenuesminusscashsexpenses.
D) whatsremainssaftersincomestaxesshavesbeenspaid.
E) doublesthesamountsthescompanyspayssin.s
Answer:s A
Diff:s1 Type:sMC
PagesRef:s5sSkill:s Knowl
edge
Objective:s 1.1

2) Whatsaresprofits?
A) Totalsmoneystakensinsbysascorporation
B) Increasessinsincomesfromsyearstosyear
C) Increasessinsascorporation'ssstocksprice
D) Revenuesgeneratedsbysgoodssandsservices
E) Differencesbetweensrevenuessandsexpensess
Answer:s E
Diff:s1 Type:sMC
PagesRef:s5sSkill:s Knowl
edge
Objective:s 1.1

3) Profitsis
A) thesmarketsvaluesofssharessofsstocksinsascompany.
B) theslevelsofsexpensessdividedsbysthesfirm'ssassets.
C) whatsremainssaftersbusinesssexpensessaressubtractedsfromsbusinesssrevenues.
D) grosssrevenuesminusstaxessascompanyspays.
E) grossssalessminusstaxessascompanyspays.s
Answer:s C
Diff:s1 Type:sMC
PagesRef:s5sSkill:s Knowl
edge
Objective:s 1.1

,4) Thissweek,sAbe'ssMufflersShopshadssalessofs$4000,semployeesswerespaids$1000,sthescostsofsgo
odsswass$1500,sandsrentswass$500.sProfitsforsthesweekswas
A) $3000.
B) $1000.
C) $4000.
D) $2500.
E) $500.
Answer:s B
Diff:s2 Type:sMC
PagesRef:s5sSkill:s Applic
ation
Objective:s 1.1

5) HowsaresprovincialsuniversitiessinsCanadasdifferentsfromsbusinesssfirms?
A) Theysdosnotsseekstosmakesasprofit.
B) Theysdealswithspeople,snotsthings.
C) Theirsorganizationalsboundariessexcludesbusinesssfirms.
D) Theysdosnotsproducesgoodssorsservices.
E) Theysaresmoresimportantstossocietysthansbusinesssfirms.s
Answer:s A
Diff:s2 Type:sMC
PagesRef:s5sSkill:s Compr
ehension
Objective:s 1.1

6) Forbessmagazinesrankeds134scountriessinstermssofshowsattractivestheyswerestosdosbusinesssin.sW
heresdidsCanadasrank?
A) First
B) Second
C) Fifth
D) Twenty-fifth
E) Eighty-
seventhsAnswer:s
A
Diff:s2 Type:sMC
PagesRef:s5sSkill:s Knowl
edge
Objective:s 1.1

7) Examplessofsbusinessessincludesallsofsthesfollowingsexcept
A) localssupermarkets.
B) one-personsbusinesses,slikesbarbershops.
C) non-profitsorganizations.
Skill:s Comprehensions
Objective:s 1.1

, D) largescorporationsslikesCanadiansPacificsorsAlcansAluminum.
E) farms.sA
nswer:s C
Diff:s2 Type:sMC PagesRef:s5




Skill:s Comprehensions
Objective:s 1.1