The benefits of business and determine whether it can negatively affect the society. Introduction: A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

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Answer 1

Question

Chapter 1, Problem 1.1QR

Summary Introduction

To determine: The benefits of business and determine whether it can negatively affect the society.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the benefits of business:

Most of the goods and services consumed by the customers are produced by the business.
It creates innovation
It provides an opportunity for new business and it employs many people.
It improves the standard of living and it contributes to the quality of life.

Determine whether a business can negatively affect the society:

A business can negatively affect the society if the goods and services provided by the business harm the environment, society, or customers.

A business that provides healthcare services or education benefits the society and the business that produces harmful chemicals and dumping the chemical into a nearby lake or water resource have a negative effect on the society.

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Answer 2

Question

Chapter 1, Problem 1.1QR

Summary Introduction

To determine: The benefits of business and determine whether it can negatively affect the society.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the benefits of business:

Most of the goods and services consumed by the customers are produced by the business.
It creates innovation
It provides an opportunity for new business and it employs many people.
It improves the standard of living and it contributes to the quality of life.

Determine whether a business can negatively affect the society:

A business can negatively affect the society if the goods and services provided by the business harm the environment, society, or customers.

A business that provides healthcare services or education benefits the society and the business that produces harmful chemicals and dumping the chemical into a nearby lake or water resource have a negative effect on the society.

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Answer 3

Question

Chapter 1, Problem 1.1QR

Summary Introduction

To determine: The benefits of business and determine whether it can negatively affect the society.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the benefits of business:

Most of the goods and services consumed by the customers are produced by the business.
It creates innovation
It provides an opportunity for new business and it employs many people.
It improves the standard of living and it contributes to the quality of life.

Determine whether a business can negatively affect the society:

A business can negatively affect the society if the goods and services provided by the business harm the environment, society, or customers.

A business that provides healthcare services or education benefits the society and the business that produces harmful chemicals and dumping the chemical into a nearby lake or water resource have a negative effect on the society.

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Answer 4

Question

Chapter 1, Problem 1.1QR

Summary Introduction

To determine: The benefits of business and determine whether it can negatively affect the society.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the benefits of business:

Most of the goods and services consumed by the customers are produced by the business.
It creates innovation
It provides an opportunity for new business and it employs many people.
It improves the standard of living and it contributes to the quality of life.

Determine whether a business can negatively affect the society:

A business can negatively affect the society if the goods and services provided by the business harm the environment, society, or customers.

A business that provides healthcare services or education benefits the society and the business that produces harmful chemicals and dumping the chemical into a nearby lake or water resource have a negative effect on the society.

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Answer 5

Chapter 1, Problem 1.1QR

Summary Introduction

To determine: The benefits of business and determine whether it can negatively affect the society.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the benefits of business:

Most of the goods and services consumed by the customers are produced by the business.
It creates innovation
It provides an opportunity for new business and it employs many people.
It improves the standard of living and it contributes to the quality of life.

Determine whether a business can negatively affect the society:

A business can negatively affect the society if the goods and services provided by the business harm the environment, society, or customers.

A business that provides healthcare services or education benefits the society and the business that produces harmful chemicals and dumping the chemical into a nearby lake or water resource have a negative effect on the society.

Answer 6

Chapter 1, Problem 1.1QR

Summary Introduction

To determine: The benefits of business and determine whether it can negatively affect the society.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the benefits of business:

Most of the goods and services consumed by the customers are produced by the business.
It creates innovation
It provides an opportunity for new business and it employs many people.
It improves the standard of living and it contributes to the quality of life.

Determine whether a business can negatively affect the society:

A business can negatively affect the society if the goods and services provided by the business harm the environment, society, or customers.

A business that provides healthcare services or education benefits the society and the business that produces harmful chemicals and dumping the chemical into a nearby lake or water resource have a negative effect on the society.

Answer 7

Chapter 1, Problem 1.1QR

Summary Introduction

To determine: The benefits of business and determine whether it can negatively affect the society.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Answer 8

Expert Solution & Answer

Explanation of Solution

Determine the benefits of business:

Most of the goods and services consumed by the customers are produced by the business.
It creates innovation
It provides an opportunity for new business and it employs many people.
It improves the standard of living and it contributes to the quality of life.

Determine whether a business can negatively affect the society:

A business can negatively affect the society if the goods and services provided by the business harm the environment, society, or customers.

A business that provides healthcare services or education benefits the society and the business that produces harmful chemicals and dumping the chemical into a nearby lake or water resource have a negative effect on the society.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 1 - Prob. 1.1QR Ch. 1 - Prob. 1.2QR Ch. 1 - Prob. 1.3QR Ch. 1 - Prob. 1.4QR Ch. 1 - Prob. 1.5QA Ch. 1 - Prob. 1.6QA Ch. 1 - Prob. 1.7QA Ch. 1 - Prob. 1.8QA Ch. 1 - Prob. 1.9AE Ch. 1 - Prob. 1.10AE

Explanation of Solution

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Chapter 1 Solutions