TEST BANK FOR:
Business Essentials, Eighth Canadian Edition 8Th
Edtionby Ronald J. Ebert Latest Update.
,Sample: Chapter 1 Understanding The Canadian Business System
1.1 Multiple-Choice Questions
1) Profit Is
1. A) What Remains After Business Expenses Are Subtracted From
Businessrevenues.
2. B) What Remains After Dividends Have Been Paid To Stockholders.
3. C) Equal To Total Revenue Minus Cash Expenses.
4. D) What Remains After Income Taxes Have Been Paid.
5. E) Double The Amount The Company Pays In.
Answer: A
Diff: 1 Type: Mc Page Ref: 5
Skill: Knowledge
Objective: 1.1
2) What Are Profits?
1. A) Total Money Taken In By A Corporation
2. B) Increases In Income From Year To Year
3. C) Increases In A Corporation's Stock Price
4. D) Revenue Generated By Goods And Services
5. E) Difference Between Revenues And
Expensesanswer: E
Diff: 1 Type: Mc Page Ref: 5
Skill: Knowledge
Objective: 1.1
,3) Profit Is
1. A) The Market Value Of Shares Of Stock In A Company.
2. B) The Level Of Expenses Divided By The Firm's Assets.
3. C) What Remains After Business Expenses Are Subtracted From
Businessrevenues.
4. D) Gross Revenue Minus Taxes A Company Pays.
5. E) Gross Sales Minus Taxes A Company Pays.
Answer: C
Diff: 1 Type: Mc Page Ref: 5
Skill: Knowledge
Objective: 1.1
4) This Week, Abe's Muffler Shop Had Sales Of $4000, Employees Were Paid
$1000,The Cost Of Goods Was $1500, And Rent Was $500. Profit For The Week
Was
1. A) $3000.
2. B) $1000.
3. C) $4000.
4. D) $2500.
5. E) $500.
Answer: B
Diff: 2 Type: Mc Page Ref: 5
Skill: Application
Objective: 1.1
5) How Are Provincial Universities In Canada Different From Business Firms?
1. A) They Do Not Seek To Make A Profit.
, 2. B) They Deal With People, Not Things.
Business Essentials, Eighth Canadian Edition 8Th
Edtionby Ronald J. Ebert Latest Update.
,Sample: Chapter 1 Understanding The Canadian Business System
1.1 Multiple-Choice Questions
1) Profit Is
1. A) What Remains After Business Expenses Are Subtracted From
Businessrevenues.
2. B) What Remains After Dividends Have Been Paid To Stockholders.
3. C) Equal To Total Revenue Minus Cash Expenses.
4. D) What Remains After Income Taxes Have Been Paid.
5. E) Double The Amount The Company Pays In.
Answer: A
Diff: 1 Type: Mc Page Ref: 5
Skill: Knowledge
Objective: 1.1
2) What Are Profits?
1. A) Total Money Taken In By A Corporation
2. B) Increases In Income From Year To Year
3. C) Increases In A Corporation's Stock Price
4. D) Revenue Generated By Goods And Services
5. E) Difference Between Revenues And
Expensesanswer: E
Diff: 1 Type: Mc Page Ref: 5
Skill: Knowledge
Objective: 1.1
,3) Profit Is
1. A) The Market Value Of Shares Of Stock In A Company.
2. B) The Level Of Expenses Divided By The Firm's Assets.
3. C) What Remains After Business Expenses Are Subtracted From
Businessrevenues.
4. D) Gross Revenue Minus Taxes A Company Pays.
5. E) Gross Sales Minus Taxes A Company Pays.
Answer: C
Diff: 1 Type: Mc Page Ref: 5
Skill: Knowledge
Objective: 1.1
4) This Week, Abe's Muffler Shop Had Sales Of $4000, Employees Were Paid
$1000,The Cost Of Goods Was $1500, And Rent Was $500. Profit For The Week
Was
1. A) $3000.
2. B) $1000.
3. C) $4000.
4. D) $2500.
5. E) $500.
Answer: B
Diff: 2 Type: Mc Page Ref: 5
Skill: Application
Objective: 1.1
5) How Are Provincial Universities In Canada Different From Business Firms?
1. A) They Do Not Seek To Make A Profit.
, 2. B) They Deal With People, Not Things.
