Business Foundations International Edition 2nd Edition by Robert J. Hughes – Test Bank

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Edition: 2nd Edition

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Business Foundations International Edition 2nd Edition by Robert J. Hughes – Test Bank

Test Bank For Business Foundations International Edition 2nd Edition by Robert J. Hughes

Business Foundations International Edition 2nd Edition by Robert J. Hughes – Test Bank

Business Foundations International Edition 2nd Edition by Robert J. Hughes

Business Foundations International Edition 2nd Edition

Business Foundations International Edition

Business Foundations

Chapter 1—Exploring the World of Business and Economics

 

ESSAY

 

  1. In your own words, describe four reasons why someone should study business.

 

ANS:

Answer not provided.

 

PTS:   1                    DIF:    Easy               REF:                         OBJ:   1-1

NAT:  AACSB: Reflective Thinking         TOP:   Your Future in the Changing World of Business

 

  1. Explain how you can improve your course grade and become more successful in this course.

 

ANS:

Answer not provided.

 

PTS:   1                    DIF:    Easy               REF:                         OBJ:   1-1

NAT:  AACSB: Reflective Thinking         TOP:   Your Future in the Changing World of Business

 

  1. What is profit and why is it important to a business?

 

ANS:

Answer not provided.

 

PTS:   1                    DIF:    Moderate       REF:                         OBJ:   1-2

NAT:  AACSB: Reflective Thinking         TOP:   Business: A Definition

 

  1. Explain how an entrepreneur could use the factors of production to start a successful small business.

 

ANS:

Answer not provided.

 

PTS:   1                    DIF:    Moderate       REF:                         OBJ:   1-3

NAT:  AACSB: Reflective Thinking         TOP:   Types of Economic Systems

 

  1. Explain how the basic economic questions are answered in the capitalistic and command economies.

 

ANS:

Answer not provided.

 

PTS:   1                    DIF:    Moderate       REF:                         OBJ:   1-3

NAT:  AACSB: Analytic                           TOP:   Types of Economic Systems

 

  1. Why do we say that the U.S. economy is a mixed economy?

 

ANS:

Answer not provided.

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