understanding business

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William G Nickels

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WILLIAM. NICKELS

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Understanding Business by Nickels: Chapters 1-4 Study Guide Latest Edition.
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September 2025

2025/2026

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Chapter 1 - Answer Chapter 1 business - Answer Any activity that seeks to provide goods and services to others while operating at a profit. goods - Answer Tangible products such as computers, food, clothing, cars, and appliances. services - Answer Intangible products (i.e. products that can’t be held in our hand) such as education, health care, insurance, recreation, and travel and tourism. entrepreneur - Answer A person who RISKS time and money to start and manage a...
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Understanding Business 13th edition chapter 1 and 2 Quiz All Solved.
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September 2025

2025/2026

A+
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Goods - Answer are tangible products such as computers, food, clothing, cars, and appliances Services - Answer are intangible products such as education, healthcare, insurance, recreation and travel and tourism entrepreneur - Answer is a person who risks time and money to start and manage a business revenue - Answer is the total amount of money a business takes in during a given period by selling goods and services Loss - Answer When a business's expenses are more t...
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Chapter 12: understanding business 10th edition Test Guide.
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3

September 2025

2025/2026

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union - Answer An employee organization whose main goal is representing its members in employee-management negotiation of job-related issues craft union - Answer An organization of skilled specialists in a particular craft or trade knights of labor - Answer The first national labor union; founded 1869 American federation of labor (AFL) - Answer An organization of craft unions that championed fundamental labor issues; founded in 1886 industrial unions - Answer Labor org...
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Chapter 5: Understanding Business Latest Test Guide 2025.
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2

September 2025

2025/2026

A+
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Sole Proprietorship - Answer A business that is owned, and usually managed, by one person. Partnership - Answer A legal form of business with two or more owners. Corporation - Answer A legal entity with authority to act and have liability separate from its owners. Unlimited Liability - Answer Responsibility of business owners for all of the debts of the business. General Partnership - Answer A partnership in which all owners share in operating the business and in assum...
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Exam (elaborations)

Chapter 1: Understanding Business Test Guide Latest Update.
Available in bundle

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2

September 2025

2025/2026

A+
Available in bundle
business - Answer Any activity that seeks to provide goods and services to others while operating at a profit. profit - Answer The amount of money a business earns above and beyond what it spends for salaries and other expenses. entrepreneur - Answer A person who risks time and money to start and manage a business. revenue - Answer The total amount of money a business takes in during a given period by selling goods and services. loss - Answer When a business's expen...
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