What is business?

Which of the following was not a business mentioned in the chapter 2?

Best Buy

What do G&M mean by business as a noun versus business as a verb?

Business as a noun refers to the firm; business as a verb focuses on the activity of business.

What is the first try at a definition of business in Gini and Marcoux (hereafter, G&M)?

Business is defined by the activities of corporations.

Which of the following best captures G&M's view of the difference between charities and businesses?

Charities do not seek to sustain their activities through exchange transactions.

According to the account in G&M, what role does profit have in understanding the nature of business?

Profits are the ends of business activity.

According to G&M, what company created the first fully portable consumer device capable of playing the music one chooses?

Sony

By selling shares in the production of the play Springtime for Hitler, in what way are Bailystock and Bloom failing to be doing business?

Their transactional activities are not intended to be self-sustaining.

Which of the following is not a reason to reject the idea business is what corporations do?

ct Answer Not all corporations are traded on the public stock exchange. Some corporations are government-entities like cities, and so are not businesses. You Answered Not all people who engage in business do so within corporations. Some corporations are formed to provide charitable services and so fail to be a business.

Complete this quotation: "People do business when they _________"

transact or trade

Complete this quotation: "Finding _____________ requires alertness and imagination about how best to make them happen."

transactional opportunities