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TEST BANK For Understanding Business 13th Edition by Nickels, McHugh and McHugh; ISBN: 9781260894851, All 20 Chapters Covered, Verified Latest Edition$15.99
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TEST BANK For Understanding Business 13th Edition by Nickels, McHugh and McHugh; ISBN: 978, All 20 Chapters Covered, Verified Latest Edition TEST BANK For Understanding Business 13th Edition by Nickels, McHugh and McHugh; ISBN: 978, All 20 Chapters Covered, Verified Latest Edition TEST BANK For Und...
CHAPTER 14: Developing and Pricing Goods and Services
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CHAPTER 15: Distributing Products
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CHAPTER 16: Using Effective Promotions
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CHAPTER 17: Understanding Accounting and Financial Information
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CHAPTER 18: Financial Management
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CHAPTER 19: Using Securities Markets for Financing and Investing Opportunities
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CHAPTER 20: Money, Financial Institutions, and the Federal Reserve
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,Answers are at the end of Each chapter cf cf cf cf cf cf cf cf
Chapter 1 cf
Student name: cf
1) Describe three ways that governments can foster entrepreneurship and encou
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rage the creation of wealth
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2) Describe how businesses can use technology to be more responsive to customers.
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3) Competition among businesses has never been greater. Identify and describe t cf cf cf cf cf cf cf cf cf cf
wo ways that businesses can become more competitive.
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4) What is demography? Identify two demographic trends in the United States and d
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iscuss how they will impactUnited States businesses.
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5) Describe what we mean by greening and thinking green. List five ways that peopl
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e and businesses are participating in the green movement. List business opportunities th
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at may emerge from this movement.
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6) Trace the evolution of American business. Identify the key trends, and disc
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uss the implications these trends have for the future.
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, 7) An entity that seeks to earn a profit by providing a good or service is known as a(n)
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A) industry.
B) corporation.
C) business.
D) service.
8) is the amount a business earns after deducting what it spends for salar
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ies and other expenses.
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A) Profit
B) Revenue
C) Interest
D) Dividends
9) A business incurs a
cf cf cf cf if its costs and expenses exceed its revenues.
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A) loss
B) liability
C) debit
D) dividend
10) is the chance a business owner will lose the time and money investe
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d in a business that proves to be unprofitable.
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A) Depreciation
B) Risk
C) Opportunity
D) Redundancy
11) The total amount of money that businesses take in by selling goods and services is c
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alled
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