100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Test Bank for Understanding Business, 13th Edition by William Nickels, Jim McHugh, Susan Mc||ISBN, 978-1260894851||Chapters 1-20||Complete Guide A+$17.99
Add to cart
Test Bank for Understanding Business, 13th Edition, William Nickels Chapter 1 -20 Answers are at the end of Each chapter Chapter 1 Student name:__________ 1) Describe three ways that governments can foster entrepreneurship and e ncourage the creation of wealth 2) Describe how businesses can use technology to be more responsive to customers. 3) Competition among businesses has never been greater. Identify and describe two ways that businesses can become more competitive. 4) What is demography? Identify two demographic trends in the United States and discuss how they will impactUnited States businesses. 5) Describe what we mean by greening and thinking green. List five ways that peopl e and businesses are participating in the green movement. List business opportunities that may emerge from this movement. 6) Trace the evolution of American business. Identify the key trends, and discuss the implications these trends have for the future. NURSEDOCS 7) An entity that seeks to earn a profit by providing a good or service is known as a(n) A) industry. B) corporation. C) business. D) service. 8) __________ is the amount a busin ess earns after deducting what it spends for salaries and other expenses. A) Profit B) Revenue C) Interest D) Dividends 9) A business incurs a __________ if its costs and expenses exceed its revenues. A) loss B) liabil ity C) debit D) dividend 10) __________ is the chance a business owner will lose the time and money invested in a business that proves to be unprofitable. A) Depreciation B) Risk C) Opportunity D) Redundan cy 11) The total amount of money that businesses take in by selling goods and services is called NURSEDOCS A) profit. B) revenue. C) loss. D) retained earnings. 12) A(n) __________ is a person who assumes the risk of starting a business. A) manager B) entrepreneur C) employee D) stakeholder 13) Starting a business always involves A) profit. B) lo ss. C) revenue. D) risk 14) Often in business the greate r the risk, the A) greater the potential reward. B) lower the expected revenues. C) lower the value provided to society. D) great er the number of stakeholders. 15) __________ is a measure of the general well -being and sati sfaction derived from a variety of factors including political freedom, safety, education, and a clean environment. A) Standard of living B) Quality of life C) Gross national in come D) Social satisfaction NURSEDOCS 16) The amount o f goods and services people can buy with the money they have is called their A) nominal income. B) consumer price index. C) profit margin. D) standard of living. 17) The customers, employees, stockholders, suppliers, cre ditors, and others who stand to gain or lose by the policies and activities of a business represent the firm's A) market makers. B) economic environment. C) stakeholders. D) social environment. 18) The most important difference between for -profit businesses and nonprofit organizations is that A) for -profit businesses do not benefit society. B) nonprofit organizations seek to make a profit for their owners and organizers. C) nonprofit organizations do not seek a profit for their owners or organizers. D) nonprofit organizations do not answer to stakeholders. 19) A common characteristic of most entrepreneurs is that they A) accept the risks involved in starting and managing a business. B) have a high level of scientific and technical expertise. C) possess a great deal of personal wealth. D) have experience in running large, complex organizations. NURSEDOCS
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nursedocs. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
