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Business Essentials 12th Edition Test Bank

Business Essentials 12th Edition Test Bank is the key to mastering your exam with practice questions, answers, and expert strategies.

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1CHAPTER 1THE CANADIAN BUSINESS SYSTEMMULTIPLECHOICEQUESTIONS.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion.1)Whichofthefollowingstatementsiscorrectwithregardtotheopeningcaseentitled“OpportunitiesandChallengesintheMobilePhoneMarket"?A)RIMhasbeenverysuccessfulsofar,buttherearebigpotentialproblemsonthehorizon.B)ThereisnowageneralconsensusamongindustryexpertsthatRIMisgoingtobetheleadingcompanyinthemobilephonemarket.C)Todatecompetitionisnottoughinthemobilephonemarket.D)The"bringyourowndevice"trendhasjustaboutrunitscourse.E)Unlikeotherphonemakers,RIMhasnotbeenplaguedwithpatentinfringementlawsuits.Answer:ADiff:2Skill:RecallObjective:1.1A-Heading:TheIdeaofBusinessandProfit2)ProfitisA)whatremainsafterbusinessexpensesaresubtractedfrombusinessrevenues.B)equaltothemarketvalueofsharesinacompany.C)equaltototalrevenueminuscashexpenses.D)theamountofsalesminus50percent.E)doubletheamountthecompanypaysintaxes.Answer:ADiff:1Skill:RecallObjective:1.1A-Heading:TheIdeaofBusinessandProfit3)Thisweek,Jessica'sVarietyStorehadsalesof$4,000,employeeswerepaid$1,000,thecostofgoodswas$1,500,andrentwas$500.ProfitfortheweekwasA)$3,000.B)$1,000.C)$4,000.D)$2,000.E)$1,500.Answer:BDiff:2Skill:ApplicationObjective:1.1A-Heading:TheIdeaofBusinessandProfit4)HowareprovincialuniversitiesinCanadadifferentfrombusinessfirms?A)TheydonotseektomakeaprofitB)TheyarenotaffectedbytheglobalenvironmentC)TheirorganizationalboundariesarenarrowerthannormalD)TheydonotproducegoodsorservicesE)TheyaremoreimportanttosocietythanbusinessfirmsAnswer:ADiff:2Skill:RecallObjective:1.1A-Heading:TheIdeaofBusinessandProfit

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Subject
Business Management
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Business Essentials by Ronald J. Eb...

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