Principles of Business 1

Respecting the feelings/needs of the people they work with is considered which Leaderhsip Characteristic?

Which of the following is NOT one of the five functions of management?

Which of the following is a benefit of being socially responsible?

Which of the following is NOT a good way to develop leadership skills?

Goods/items sold to other countries

The way people get along with others is

Examples are sunlight, air, and water

An economy in which the government has full control is

Which of the following is NOT a requirement for something to be a contract?

Which of the following is NOT a human relations skill?

The decision making process is best to use when you

What is currency exchange rate?

Businesses that offer the same goods to the same customers

The way managers work with and involves employees is known as?

Not having enough resources to satisfy every need

Precise statement of the results a business expects to achieve

An invention that is brand new

The ability to motivate individuals and groups to accomplish goals

Economic system which freedom to consume and produce goods and services exists

A government agency that helps small business owners

Things that are able to be seen and touched

Laws that prevent unfair business practices is known as?

Goods and services are owned by the people

The Small Business Administration (SBA)considers a business small if it employs fewer than

Business owned and run by just one person

Which type of business ownership is the largest in the United States?

When a country imports more than they export, they have a

What phase of the business cycle has the following characteristic:Unemployment begins to rise, demand begins to decrease

A company’s CEO (Chief Executive Officer) is an example of a(n)_____

A short specific statment of the reason a business exists and what it wants to achieve