{"id":2761,"date":"2023-02-19T16:10:46","date_gmt":"2023-02-19T16:10:46","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/apply-it-what-is-business\/"},"modified":"2024-04-17T14:35:30","modified_gmt":"2024-04-17T14:35:30","slug":"apply-it-what-is-business","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/apply-it-what-is-business\/","title":{"raw":"Apply It 1.1: What Is Business?","rendered":"Apply It 1.1: What Is Business?"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n \t<li>Define the term business<\/li>\r\n \t<li>Distinguish between goods and services<\/li>\r\n \t<li>Distinguish between profit, loss, and value<\/li>\r\n \t<li>Understand the difference between for-profit and nonprofit businesses<\/li>\r\n<\/ul>\r\n<\/section><section class=\"textbox tryIt\">Watch the video and then answer the questions that follow.\r\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/lhoRAY7LmcY\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/TheSurprisingOriginofDippinDots_transcript.html\" target=\"_blank\" rel=\"noopener\">transcript for \u201cThe Surprising Origin of Dippin' Dots\u201d here (opens in new window).<\/a>\r\n\r\n[ohm2_question height=\"800\" hide_question_numbers=1]3019-3020[\/ohm2_question]\r\n\r\n<\/section><section class=\"textbox linkToLearning\">Dippin' Dots actively supports social causes and nonprofit organizations. They <a href=\"https:\/\/www.dippindots.com\/about\/quality-social-responsibility\/\">list some of their involvement on their website<\/a>. Does this make it a nonprofit business?[reveal-answer q=\"580513\"]Show Sample Answer[\/reveal-answer]\r\n[hidden-answer a=\"580513\"]Many for-profit businesses contribute to social causes within their communities but since Dippin' Dots' main goal is profit, it is not a nonprofit business.[\/hidden-answer]<\/section>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li>Define the term business<\/li>\n<li>Distinguish between goods and services<\/li>\n<li>Distinguish between profit, loss, and value<\/li>\n<li>Understand the difference between for-profit and nonprofit businesses<\/li>\n<\/ul>\n<\/section>\n<section class=\"textbox tryIt\">Watch the video and then answer the questions that follow.<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/lhoRAY7LmcY\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/TheSurprisingOriginofDippinDots_transcript.html\" target=\"_blank\" rel=\"noopener\">transcript for \u201cThe Surprising Origin of Dippin&#8217; Dots\u201d here (opens in new window).<\/a><\/p>\n<p><iframe loading=\"lazy\" id=\"ohm3019\" class=\"resizable\" src=\"https:\/\/ohm.one.lumenlearning.com\/multiembedq.php?id=3019-3020&theme=lumen&iframe_resize_id=ohm3019&source=tnh\" width=\"100%\" height=\"800\"><\/iframe><\/p>\n<\/section>\n<section class=\"textbox linkToLearning\">Dippin&#8217; Dots actively supports social causes and nonprofit organizations. They <a href=\"https:\/\/www.dippindots.com\/about\/quality-social-responsibility\/\">list some of their involvement on their website<\/a>. Does this make it a nonprofit business?<\/p>\n<div class=\"qa-wrapper\" style=\"display: block\"><button class=\"show-answer show-answer-button collapsed\" data-target=\"q580513\">Show Sample Answer<\/button><\/p>\n<div id=\"q580513\" class=\"hidden-answer\" style=\"display: none\">Many for-profit businesses contribute to social causes within their communities but since Dippin&#8217; Dots&#8217; main goal is profit, it is not a nonprofit business.<\/div>\n<\/div>\n<\/section>\n","protected":false},"author":21,"menu_order":8,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"The Surprising Origin of Dippinu2019 Dots\",\"author\":\"Great Big Story\",\"organization\":\"\",\"url\":\"https:\/\/www.youtube.com\/watch?v=lhoRAY7LmcY\",\"project\":\"\",\"license\":\"other\",\"license_terms\":\"Standard YouTube License\"}]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":2754,"module-header":"apply_it","content_attributions":[{"type":"copyrighted_video","description":"The Surprising Origin of Dippinu2019 Dots","author":"Great Big Story","organization":"","url":"https:\/\/www.youtube.com\/watch?v=lhoRAY7LmcY","project":"","license":"other","license_terms":"Standard YouTube License"}],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2761"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/users\/21"}],"version-history":[{"count":11,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2761\/revisions"}],"predecessor-version":[{"id":8818,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2761\/revisions\/8818"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/parts\/2754"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2761\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/media?parent=2761"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=2761"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/contributor?post=2761"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/license?post=2761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}