quiz 1 - 40 objective questions Will cover all chapters...

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40 objective questions Will cover all chapters 1,2,4,5,6 1-10(ch 1) 11-21(ch 2) 22-26(ch 4) 27-31 (ch 5) 32-40 (ch 6) Chapter 1 -Be able to discuss basic definitions -Understand central importance of profit and how to calculate it -Be able to research basic corporate revenue and profit -Describe relationship between profit and risk, especially the importance of entrepreneurship in raising our standard of living. -Understand how business is affected (positively and negatively) by changes in… a. The Political and Economic Environment b. The Technological Environment c. The Global, Competitive Environment d. The Social and Demographic Environment Chapter 2 -Be able to discuss the meaning and importance of economics, especially the role of choice. -Understand the connection between the choices a society makes and the economic/ political system they embrace. -Understand the key differences between the world’s major economic systems. -Free-Market vs. Planned/Command Economies
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This note was uploaded on 10/03/2011 for the course BUSINESS 111 taught by Professor Schloemer during the Spring '11 term at Miami University.

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quiz 1 - 40 objective questions Will cover all chapters...

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