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TO OUR STUDENTS This study guide is designed to give you, the Introduction to Business student, every advantage in mastering the concepts presented in the fifth edition of Understanding Business, sixth edition, by Bill Nickels, Jim McHugh and Susan McHugh. Using this study guide will give you an edge; you will go beyond just memorizing terms, to developing and using the critical thinking and creative problem solving skills that are so important in today's dynamic business environment. Using The Study Guide There are many different ways to leam, so I can only make suggestions about how to use this guide more effectively. You may find a different way, which suits you better. First, this study guide is not designed to replace reading the text! In fact, reading the text is an integral part of using this study guide. You can use the guide to help point out places where you need more work, or need to review. The guide is very detailed, and requires you not only to remember facts, but also to apply concepts in a way that will help you to develop a better understanding of today's business environment. You will find that there is a lot of writing in completing these exercises. Writing the answers to the questions, rather than just choosing a number or matching a term with a letter, will help to reinforce the material. You will also be better prepared to answer essay or short answer questions when you have studied by writing out answers in your own words. Finally, to make effective use of this study guide, I suggest that you: • Read the text before each class period, and outline important concepts. You will probably have a syllabus that outlines the reading assignments for each class. • Attend class and take good, detailed notes. Ask questions in class; get involved! • Do the exercises in the study guide after you have completed the first two steps. . I would suggest that you do the exercises in stages, and not tiy to do the whole chapter at one sitting. For example, if there are 6 learning goals, do the exercises pertaining to the first three learning goals on one day, and then complete the remaining exercises the next day. Or, do the factual based exercises one day, the critical thinking exercises the next, and so on. • Do all the exercises in the guide, not just the ones that take less time! • Review your answers, and mark the questions you had problems answering. Then, reread the section of the text that deals with those areas. • Before a test, review your class notes, the text and the study guide material. • Remember, your instructor may add material in class that is not in the text, and the study guide won't cover that material. That takes us back to the first suggestions: read the book before class, attend every class, take notes, and get involved!