Final Exam Review Jan. 2019

How many quarters must the GDP slowdown in order to be called a recession?

What will cause a country's currency to rise?

Trading a surplus with one country, while having a trade deficit with another is called...

What is a natural resource?

What is an economic need?

If your country balance of payments is favorable, how does that effect the value of currency?

Advertising is what function marketing?

What decreases the the buying power of the dollar?

Human Resources produce

Goods sold to other countries are...

Is it easier for a small or large business to meet the individual needs of a costumer?

What increases the efficiency in production?

A budget deficit is when...

A copyright protects a book/song/play

Should a business produce large amounts of products at one time?

During a deflationary period, what happens to to the demand of products/ services?

A person in first level management would be a...

Who is the largest employer in the United States?

Can any size business become corporations?

A corporation is the most difficult business to form.

Are economic resources limited?

Within how many years will a small business fail?

The difference in the amount of money that comes into a country and the amount that goes out is

Things required to live are...

What is the first step in the consumer decision making process?

Someone is considered "unemployed" when a person is unable to find a job, age...

Strategic managers are involved in employee decision making.

If you work more than 30 hours per week, you are...