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Business
ST
12th Edition
UV
TEST BANK
IA
?_
William M. Pride, Robert J. Hughes, Jack R.
Kapoor
AP
Comprehensive Test Bank for Instructors
PR
and Students
||| ||| || ||| || | || ||| | || ||| |
OV
9781133595854
© William M. Pride, Robert J. Hughes & Jack R. Kapoor. All rights
ED
reserved. Reproduction or distribution without permission is
prohibited.
?
© MEDGEEK
, TABLE OF CONTENTS
Test Bank – Business (12th Edition)
Authors: William M. Pride, Robert J. Hughes, and Jack R. Kapoor
ST
ISBN: 9781133595854
PART I: THE ENVIRONMENT OF BUSINESS
Chapter 1: Exploring the World of Business and Economics
UV
Chapter 2: Being Ethical and Socially Responsible
Chapter 3: Exploring Global Business
PART II: BUSINESS OWNERSHIP AND ENTREPRENEURSHIP
Chapter 4: Choosing a Form of Business Ownership
IA
Chapter 5: Small Business, Entrepreneurship, and Franchises
PART III: MANAGEMENT AND ORGANIZATION
?_
Chapter 6: Understanding the Management Process
Chapter 7: Creating a Flexible Organization
Chapter 8: Producing Quality Goods and Services
AP
PART IV: HUMAN RESOURCES
Chapter 9: Attracting and Retaining the Best Employees
Chapter 10: Motivating and Satisfying Employees and Teams
Chapter 11: Enhancing Union-Management Relations
PR
PART V: MARKETING
Chapter 12: Building Customer Relationships Through Effective Marketing
Chapter 13: Creating and Pricing Products that Satisfy Customers
Chapter 14: Wholesaling, Retailing, and Physical Distribution
OV
Chapter 15: Developing Integrated Marketing Communications
PART VI: INFORMATION, SOCIAL MEDIA, AND ACCOUNTING
Chapter 16: Social Media and e-Business
ED
Chapter 17: Using Management Information Systems and Accounting Information
PART VII: FINANCE AND INVESTMENT
Chapter 18: Understanding Money, Banking, and Credit
Chapter 19: Mastering Financial Management
?
Chapter 20: Understanding Personal Finances and Investmen
, Chapter 1—Exploring the World of Business and Economics
ESSAY
1. In your own words, describe what you “bring to the table” as a potential employee of a company that
you desire to work for.
ST
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Easy REF: pp. 4-8
UV
OBJ: LO: 1-1 NAT: BUSPROG: Communication
TOP: Your Future in the Changing World of Business KEY: Bloom's: Application
2. How can online networking improve your chances of success in the business world?
ANS:
IA
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: p. 6
OBJ: LO: 1-1 NAT: BUSPROG: Communication
TOP: Your Future in the Changing World of Business KEY: Bloom's: Application
?_
3. An entrepreneur combines four kinds of resources into a business. What would be the effect on the
business if any one were left out?
ANS:
AP
Answer not provided.
PTS: 1 DIF: Difficulty: Challenging REF: p. 10
OBJ: LO: 1-2 NAT: BUSPROG: Communication TOP: Business: A Definition
KEY: Bloom's: Application
PR
4. What is profit, and why is it important to a business?
ANS:
Answer not provided.
OV
PTS: 1 DIF: Difficulty: Moderate REF: p. 11
OBJ: LO: 1-2 NAT: BUSPROG: Communication TOP: Business: A Definition
KEY: Bloom's: Application
5. What three activities must a business perform in order to be successful? Briefly describe each of these
and why each is essential to business success.
ED
ANS:
Answer not provided.
?
© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
1
, PTS: 1 DIF: Difficulty: Moderate REF: p. 9
OBJ: LO: 1-2 NAT: BUSPROG: Communication TOP: Business: A Definition
KEY: Bloom's: Synthesis
6. Explain how the notion of scarcity is related to personal as well as business decision making.
ANS:
Answer not provided.
ST
PTS: 1 DIF: Difficulty: Moderate REF: p. 13
OBJ: LO: 1-3 NAT: BUSPROG: Communication TOP: Types of Economic Systems
KEY: Bloom's: Application
UV
7. Explain how the basic economic questions are answered in capitalistic and command economies.
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: pp. 13-17
IA
OBJ: LO: 1-3 NAT: BUSPROG: Communication TOP: Types of Economic Systems
KEY: Bloom's: Evaluation
8. Why do we say that the U.S. economy is a mixed economy?
?_
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: p. 15
AP
OBJ: LO: 1-3 NAT: BUSPROG: Communication TOP: Types of Economic Systems
KEY: Bloom's: Analysis
9. How does socialism differ from communism?
ANS:
PR
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: pp. 16-17
OBJ: LO: 1-3 NAT: BUSPROG: Communication TOP: Types of Economic Systems
KEY: Bloom's: Analysis
OV
10. Why is productivity important? How can a nation’s productivity rate be improved?
ANS:
Answer not provided.
ED
PTS: 1 DIF: Difficulty: Challenging REF: p. 17
OBJ: LO: 1-4 NAT: BUSPROG: Communication
TOP: Measuring Economic Performance KEY: Bloom's: Synthesis
?
© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
2
Business
ST
12th Edition
UV
TEST BANK
IA
?_
William M. Pride, Robert J. Hughes, Jack R.
Kapoor
AP
Comprehensive Test Bank for Instructors
PR
and Students
||| ||| || ||| || | || ||| | || ||| |
OV
9781133595854
© William M. Pride, Robert J. Hughes & Jack R. Kapoor. All rights
ED
reserved. Reproduction or distribution without permission is
prohibited.
?
© MEDGEEK
, TABLE OF CONTENTS
Test Bank – Business (12th Edition)
Authors: William M. Pride, Robert J. Hughes, and Jack R. Kapoor
ST
ISBN: 9781133595854
PART I: THE ENVIRONMENT OF BUSINESS
Chapter 1: Exploring the World of Business and Economics
UV
Chapter 2: Being Ethical and Socially Responsible
Chapter 3: Exploring Global Business
PART II: BUSINESS OWNERSHIP AND ENTREPRENEURSHIP
Chapter 4: Choosing a Form of Business Ownership
IA
Chapter 5: Small Business, Entrepreneurship, and Franchises
PART III: MANAGEMENT AND ORGANIZATION
?_
Chapter 6: Understanding the Management Process
Chapter 7: Creating a Flexible Organization
Chapter 8: Producing Quality Goods and Services
AP
PART IV: HUMAN RESOURCES
Chapter 9: Attracting and Retaining the Best Employees
Chapter 10: Motivating and Satisfying Employees and Teams
Chapter 11: Enhancing Union-Management Relations
PR
PART V: MARKETING
Chapter 12: Building Customer Relationships Through Effective Marketing
Chapter 13: Creating and Pricing Products that Satisfy Customers
Chapter 14: Wholesaling, Retailing, and Physical Distribution
OV
Chapter 15: Developing Integrated Marketing Communications
PART VI: INFORMATION, SOCIAL MEDIA, AND ACCOUNTING
Chapter 16: Social Media and e-Business
ED
Chapter 17: Using Management Information Systems and Accounting Information
PART VII: FINANCE AND INVESTMENT
Chapter 18: Understanding Money, Banking, and Credit
Chapter 19: Mastering Financial Management
?
Chapter 20: Understanding Personal Finances and Investmen
, Chapter 1—Exploring the World of Business and Economics
ESSAY
1. In your own words, describe what you “bring to the table” as a potential employee of a company that
you desire to work for.
ST
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Easy REF: pp. 4-8
UV
OBJ: LO: 1-1 NAT: BUSPROG: Communication
TOP: Your Future in the Changing World of Business KEY: Bloom's: Application
2. How can online networking improve your chances of success in the business world?
ANS:
IA
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: p. 6
OBJ: LO: 1-1 NAT: BUSPROG: Communication
TOP: Your Future in the Changing World of Business KEY: Bloom's: Application
?_
3. An entrepreneur combines four kinds of resources into a business. What would be the effect on the
business if any one were left out?
ANS:
AP
Answer not provided.
PTS: 1 DIF: Difficulty: Challenging REF: p. 10
OBJ: LO: 1-2 NAT: BUSPROG: Communication TOP: Business: A Definition
KEY: Bloom's: Application
PR
4. What is profit, and why is it important to a business?
ANS:
Answer not provided.
OV
PTS: 1 DIF: Difficulty: Moderate REF: p. 11
OBJ: LO: 1-2 NAT: BUSPROG: Communication TOP: Business: A Definition
KEY: Bloom's: Application
5. What three activities must a business perform in order to be successful? Briefly describe each of these
and why each is essential to business success.
ED
ANS:
Answer not provided.
?
© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
1
, PTS: 1 DIF: Difficulty: Moderate REF: p. 9
OBJ: LO: 1-2 NAT: BUSPROG: Communication TOP: Business: A Definition
KEY: Bloom's: Synthesis
6. Explain how the notion of scarcity is related to personal as well as business decision making.
ANS:
Answer not provided.
ST
PTS: 1 DIF: Difficulty: Moderate REF: p. 13
OBJ: LO: 1-3 NAT: BUSPROG: Communication TOP: Types of Economic Systems
KEY: Bloom's: Application
UV
7. Explain how the basic economic questions are answered in capitalistic and command economies.
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: pp. 13-17
IA
OBJ: LO: 1-3 NAT: BUSPROG: Communication TOP: Types of Economic Systems
KEY: Bloom's: Evaluation
8. Why do we say that the U.S. economy is a mixed economy?
?_
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: p. 15
AP
OBJ: LO: 1-3 NAT: BUSPROG: Communication TOP: Types of Economic Systems
KEY: Bloom's: Analysis
9. How does socialism differ from communism?
ANS:
PR
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: pp. 16-17
OBJ: LO: 1-3 NAT: BUSPROG: Communication TOP: Types of Economic Systems
KEY: Bloom's: Analysis
OV
10. Why is productivity important? How can a nation’s productivity rate be improved?
ANS:
Answer not provided.
ED
PTS: 1 DIF: Difficulty: Challenging REF: p. 17
OBJ: LO: 1-4 NAT: BUSPROG: Communication
TOP: Measuring Economic Performance KEY: Bloom's: Synthesis
?
© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
2
