Test Bank For Business 12th Edition By William M. Pride
Chapter 1—Exploring the World of Business and Economics
ESSAY
- In your own words, describe what you “bring to the table” as a potential employee of a company that you desire to work for.
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Easy REF: pp. 4-8
OBJ: LO: 1-1 NAT: BUSPROG: Communication
TOP: Your Future in the Changing World of Business KEY: Bloom’s: Application
- How can online networking improve your chances of success in the business world?
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: p. 6
OBJ: LO: 1-1 NAT: BUSPROG: Communication
TOP: Your Future in the Changing World of Business KEY: Bloom’s: Application
- An entrepreneur combines four kinds of resources into a business. What would be the effect on the business if any one were left out?
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Challenging REF: p. 10
OBJ: LO: 1-2 NAT: BUSPROG: Communication TOP: Business: A Definition
KEY: Bloom’s: Application
- What is profit, and why is it important to a business?
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: p. 11
OBJ: LO: 1-2 NAT: BUSPROG: Communication TOP: Business: A Definition
KEY: Bloom’s: Application
- What three activities must a business perform in order to be successful? Briefly describe each of these and why each is essential to business success.
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: p. 9
OBJ: LO: 1-2 NAT: BUSPROG: Communication TOP: Business: A Definition
KEY: Bloom’s: Synthesis
- Explain how the notion of scarcity is related to personal as well as business decision making.
ANS:
Answer not provided.
PTS: 1 DIF: Difficulty: Moderate REF: p. 13
OBJ: LO: 1-3 NAT: BUSPROG: Communication TOP: Types of Economic Systems
KEY: Bloom’s: Application
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