TEST BANK Understanding Business, 13th Ed
A A A A A
ition By William Nickels, Jim McHugh, Chapt
A A A A A A
ers 1 – 20
A A A
,TABLE OF CONTENTS
A A A
CHAPTER 1: Taking Risks and Making Profits within the Dynamic Business Environment
A A A A A A A A A A A
CHAPTER 2: Understanding Economics and How It Affects Business
A A A A A A A A
CHAPTER 3: Doing Business in Global Markets
A A A A A A
CHAPTER 4: Demanding Ethical and Socially Responsible Behavior
A A A A A A A
CHAPTER 5: How to Form a Business
A A A A A A A
CHAPTER 6: Entrepreneurship and Starting a Small Business
A A A A A A A
CHAPTER 7: Management and Leadership
A A A A
CHAPTER 8: Structuring Organizations for Today’s Challenges
A A A A A A
CHAPTER 9: Production and Operations Management
A A A A A
CHAPTER 10: Motivating Employees
A A A
CHAPTER 11: Human Resource Management: Finding and Keeping the Best Employees
A A A A A A A A A A
CHAPTER 12: Dealing with Employee–Management Issues
A A A A A
CHAPTER 13: Marketing: Helping Buyers Buy
A A A A A
CHAPTER 14: Developing and Pricing Goods and Services
A A A A A A A
CHAPTER 15: Distributing Products
A A A
CHAPTER 16: Using Effective Promotions
A A A A
CHAPTER 17: Understanding Accounting and Financial Information
A A A A A A
CHAPTER 18: Financial Management
A A A
CHAPTER 19: Using Securities Markets for Financing and Investing Opportunities
A A A A A A A A A
CHAPTER 20: Money, Financial Institutions, and the Federal Reserve
A A A A A A A A
,Answers are at the end of Each chapter
A A A A A A A A
Chapter 1 A
Student name:
A
1) DescribeAthreeAwaysAthatAgovernmentsAcanAfosterAentrepreneurshipAandAencourageAt
heAcreationAofAwealth
2) DescribeAhowAbusinessesAcanAuseAtechnologyAtoAbeAmoreAresponsiveAtoAcustomers.
3) CompetitionAamongAbusinessesAhasAneverAbeenAgreater.AIdentifyAandAdescribeAtwoAwa
ysAthatAbusinessesAcanAbecomeAmoreAcompetitive.
4) WhatAisAdemography?AIdentifyAtwoAdemographicAtrendsAinAtheAUnitedAStatesAandAdiscus
sAhowAtheyAwillAimpactUnitedAStatesAbusinesses.
5) DescribeAwhatAweAmeanAbyAgreeningAandAthinkingAgreen.AListAfiveAwaysAthatApeopleAandA
businessesAareAparticipatingAinAtheAgreenAmovement.AListAbusinessAopportunitiesAthatAmayAemer
geAfromAthisAmovement.
6) TraceAtheAevolutionAofAAmericanAbusiness.AIdentifyAtheAkeyAtrends,AandAdiscussAthe
AimplicationsAtheseAtrendsAhaveAforAtheAfuture.
, 7) AnAentityAthatAseeksAtoAearnAaAprofitAbyAprovidingAaAgoodAorAserviceAisAknownAasAa(n)
A) industry.
B) corporation.
C) business.
D) service.
8) isAtheAamountAaAbusinessAearnsAafterAdeductingAwhatAitAspendsAforAsalariesAa
ndAotherAexpenses.
A) Profit
B) Revenue
C) Interest
D) Dividends
9) AAbusinessAincursAaA ifAitsAcostsAandAexpensesAexceedAitsArevenues.
A) loss
B) liability
C) debit
D) dividend
10) isAtheAchanceAaAbusinessAownerAwillAloseAtheAtimeAandAmoneyAinvestedAinA
aAbusinessAthatAprovesAtoAbeAunprofitable.
A) Depreciation
B) Risk
C) Opportunity
D) Redundancy
11) TheAtotalAamountAofAmoneyAthatAbusinessesAtakeAinAbyAsellingAgoodsAandAservicesAisAcalled
A A A A A
ition By William Nickels, Jim McHugh, Chapt
A A A A A A
ers 1 – 20
A A A
,TABLE OF CONTENTS
A A A
CHAPTER 1: Taking Risks and Making Profits within the Dynamic Business Environment
A A A A A A A A A A A
CHAPTER 2: Understanding Economics and How It Affects Business
A A A A A A A A
CHAPTER 3: Doing Business in Global Markets
A A A A A A
CHAPTER 4: Demanding Ethical and Socially Responsible Behavior
A A A A A A A
CHAPTER 5: How to Form a Business
A A A A A A A
CHAPTER 6: Entrepreneurship and Starting a Small Business
A A A A A A A
CHAPTER 7: Management and Leadership
A A A A
CHAPTER 8: Structuring Organizations for Today’s Challenges
A A A A A A
CHAPTER 9: Production and Operations Management
A A A A A
CHAPTER 10: Motivating Employees
A A A
CHAPTER 11: Human Resource Management: Finding and Keeping the Best Employees
A A A A A A A A A A
CHAPTER 12: Dealing with Employee–Management Issues
A A A A A
CHAPTER 13: Marketing: Helping Buyers Buy
A A A A A
CHAPTER 14: Developing and Pricing Goods and Services
A A A A A A A
CHAPTER 15: Distributing Products
A A A
CHAPTER 16: Using Effective Promotions
A A A A
CHAPTER 17: Understanding Accounting and Financial Information
A A A A A A
CHAPTER 18: Financial Management
A A A
CHAPTER 19: Using Securities Markets for Financing and Investing Opportunities
A A A A A A A A A
CHAPTER 20: Money, Financial Institutions, and the Federal Reserve
A A A A A A A A
,Answers are at the end of Each chapter
A A A A A A A A
Chapter 1 A
Student name:
A
1) DescribeAthreeAwaysAthatAgovernmentsAcanAfosterAentrepreneurshipAandAencourageAt
heAcreationAofAwealth
2) DescribeAhowAbusinessesAcanAuseAtechnologyAtoAbeAmoreAresponsiveAtoAcustomers.
3) CompetitionAamongAbusinessesAhasAneverAbeenAgreater.AIdentifyAandAdescribeAtwoAwa
ysAthatAbusinessesAcanAbecomeAmoreAcompetitive.
4) WhatAisAdemography?AIdentifyAtwoAdemographicAtrendsAinAtheAUnitedAStatesAandAdiscus
sAhowAtheyAwillAimpactUnitedAStatesAbusinesses.
5) DescribeAwhatAweAmeanAbyAgreeningAandAthinkingAgreen.AListAfiveAwaysAthatApeopleAandA
businessesAareAparticipatingAinAtheAgreenAmovement.AListAbusinessAopportunitiesAthatAmayAemer
geAfromAthisAmovement.
6) TraceAtheAevolutionAofAAmericanAbusiness.AIdentifyAtheAkeyAtrends,AandAdiscussAthe
AimplicationsAtheseAtrendsAhaveAforAtheAfuture.
, 7) AnAentityAthatAseeksAtoAearnAaAprofitAbyAprovidingAaAgoodAorAserviceAisAknownAasAa(n)
A) industry.
B) corporation.
C) business.
D) service.
8) isAtheAamountAaAbusinessAearnsAafterAdeductingAwhatAitAspendsAforAsalariesAa
ndAotherAexpenses.
A) Profit
B) Revenue
C) Interest
D) Dividends
9) AAbusinessAincursAaA ifAitsAcostsAandAexpensesAexceedAitsArevenues.
A) loss
B) liability
C) debit
D) dividend
10) isAtheAchanceAaAbusinessAownerAwillAloseAtheAtimeAandAmoneyAinvestedAinA
aAbusinessAthatAprovesAtoAbeAunprofitable.
A) Depreciation
B) Risk
C) Opportunity
D) Redundancy
11) TheAtotalAamountAofAmoneyAthatAbusinessesAtakeAinAbyAsellingAgoodsAandAservicesAisAcalled
