Test Bank for Business Essentials 13th Edition by Ronald J. Ebert, Ricky W. Griffin, All Chapters 1-17
6 vues 0 fois vendu
Cours
Business Essentials
Établissement
Business Essentials
Test Bank for Business Essentials 13th Edition by Ronald J. Ebert, Ricky W. Griffin, All Chapters 1-17. PART 1: THE CONTEMPORARY BUSINESS WORLD 1. The US Business Environment 2. Understanding Business Ethics and Social Responsibility 3. Entrepreneurship, New Ventures, and Business Ownership 4. Unde...
,Business Essentials, 13e (Ebert/Griffin)
Chapter 1 The U.S. Business Environment
1) Which of the following best describes profit? ALL CHAPTERS
A) Total money taken in by a corporation
B) Increases in income from year to year ANSWERS INCLUDED
C) Increases in a corporation's stock price
M
D) Revenue generated by goods and services
E) Difference between revenues and expenses
Answer: E
E
Difficulty: Moderate
AACSB: Application of knowledge
D
Question Category: Application
LO: 1.1: Define the nature of U.S. business, describe the external environments of business,
C
and discuss how these environments affect the success or failure of organizations.
2) Which of the following is defined as the environment where a firm conducts its operations and
O
derives its revenues known as?
A) Global business environment N
B) Economic environment
C) Domestic business environment
N
D) Technological environment
E) Political-legal environment
O
Answer: C
Difficulty: Moderate
AACSB: Application of knowledge
I
Question Category: Concept
S
LO: 1.1: Define the nature of U.S. business, describe the external environments of business,
and discuss how these environments affect the success or failure of organizations.
S
3) Factors such as international trade agreements, economic conditions, and political unrest will
E
have the greatest impact on which type of business environment?
A) Global business environment
U
B) Economic environment
C) Domestic business environment
R
D) Technological environment
E) Political-legal environment
Answer: A
Difficulty: Moderate
AACSB: Application of knowledge
Question Category: Concept
LO: 1.1: Define the nature of U.S. business, describe the external environments of business,
and discuss how these environments affect the success or failure of organizations.
1
,4) Changes in which type of business environment can reduce or replace the need for traditional
working methods, physical equipment, and other platforms needed to conduct business?
A) Global business environment
B) Economic environment
C) Domestic business environment
D) Technological environment
E) Political-legal environment
Answer: D
M
Difficulty: Moderate
AACSB: Application of knowledge
E
Question Category: Concept
LO: 1.1: Define the nature of U.S. business, describe the external environments of business,
D
and discuss how these environments affect the success or failure of organizations.
5) As a teenager, Melinda started cutting grass for her neighbor. She did a good job, and more
C
and more neighbors began to hire her. After saving money and investing in additional equipment,
Melinda began to earn an even greater profit. Which of the following did Melinda create when
O
she began cutting her neighbor's yard and earning income?
A) Nonprofit
B) Corporate culture
C) Market economy
N
N
D) Monopolistic competition
E) Business
Answer: E
O
Difficulty: Easy
AACSB: Application of knowledge
I
Question Category: Concept
S
LO: 1.1: Define the nature of U.S. business, describe the external environments of business,
and discuss how these environments affect the success or failure of organizations.
S
6) In which way does consumer choice and demand affect the way a business operates?
E
A) Businesses must take into account what consumers want or need.
B) Businesses must produce most of the goods and services we consume.
U
C) Businesses must find opportunity and develop a plan to capitalize on it.
D) Business must prepare to compete in the global marketplace.
R
E) Business must use technology to track changing demographics in the community.
Answer: A
Difficulty: Moderate
AACSB: Application of knowledge
Question Category: Concept
LO: 1.1: Define the nature of U.S. business, describe the external environments of business,
and discuss how these environments affect the success or failure of organizations.
2
, 7) Which of the following consists of everything outside an organization's boundaries that might
affect how the business operates?
A) Opportunities and enterprise
B) Corporate culture
C) External environment
D) Domestic business environment
E) Political-legal environment
Answer: C
M
Difficulty: Moderate
AACSB: Application of knowledge
E
Question Category: Concept
LO: 1.1: Define the nature of U.S. business, describe the external environments of business,
D
and discuss how these environments affect the success or failure of organizations.
8) Aimee wants to open her retail shop in her local community so that she can establish strong
C
relationships with suppliers and customers, and distinguish herself and her shop from the
competition. In which environment does Aimee wish to do business?
O
A) Global
B) Political-legal
C) Domestic
D) Economic
N
N
E) Technological
Answer: C
Difficulty: Moderate
O
AACSB: Application of knowledge
Question Category: Concept
I
LO: 1.1: Define the nature of U.S. business, describe the external environments of business,
S
and discuss how these environments affect the success or failure of organizations.
S
9) The Basic Broom Company orders much of its raw material from overseas markets, even
though the product is made locally. Which of the following business environments might prevent
E
The Basic Broom Company from being able to get its supply of raw material when they need it?
A) Changes in the global business environment
U
B) Changes in the technological environment
C) Changes in the economic environment
R
D) Changes in the factors of production
E) Changes in the labor force
Answer: A
Difficulty: Moderate
AACSB: Application of knowledge
Question Category: Concept
LO: 1.1: Define the nature of U.S. business, describe the external environments of business,
and discuss how these environments affect the success or failure of organizations.
3
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur MedConnoisseur. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €19,51. Vous n'êtes lié à rien après votre achat.
