stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Intro to Business Flashcards | StudBud
Explore
/
Intro to Business
Intro to Business
25 terms
·
StudBud Administration
·
1,296 plays
review of basic business terms
Flashcards
25 cards
F
Practice quiz
P
Host live
L
Questions
25
Answers
1
If a bank gives me a loan, I am _____________ money.
Keeping
Stealing
Borrowing
Making
2
Someone who takes a risk and starts a business is an...
Bankrupt
Asset
Entrepreneur
Fixed Cost
3
Food, toys, clothes, cars, and other objects I buy are known as...
Goods
Wasteful
Services
Finances
4
I am MAKING something I am the...
Buyer
Producer
Service
Employee
5
The amount of money I OWE is my...
Application
Wealth
Income
Debt
6
Money you keep to use later is known as your...
Savings
Bad Idea
Loss
Mistake
7
Money made per hour?
Wage
Loan
Entrepreneur
Balance
8
Something you own is an..
Need
Want
Action
Asset
9
The company you work for is your...
Loan
Borrower
Teacher
Employer
10
A business owner by 1 person is a...
Corporation
LLC
Proprietorship
Partnership
11
If you TRADE buying an expensive new car so you can pay for food, this is a...
Tradeoff
Bad Choice
Scarcity
Demand
12
A _______ is something I need to live.
Need
Service
Good
Want
13
It is a good idea to set up a ____________ so you know how much money you have to spend.
Debt
Loan
Budget
Interest
14
The amount of goods available to buy is known as the...
Demand
Sales
Supply
Goods
15
If you HAVE A JOB you are...
Resume
Application
Unemployed
Employed
16
A Financial Statement that shows how much income a business has made this year is an...
Occupancy Permit
Application
Income Statement
401(K)
17
If you pay someone to do something for you it is a...
Good
Service
Need
Want
18
A small business has less than how many employees?
500
40
2000
100
19
If I am BUYING a good, I am the...
Producer
Loaner
Boss
Customer
20
Finance is the managing of...
People
Employees
Money
Students
21
If I get a lot of work done in a short time I am...
On Probation
Slow
Productive
Fired
22
Wood, water, metal, and wind are found in NATURE, this makes them...
Human Resources
Capital Resources
Manmade Resources
Natural Resources
23
The amount of money a business makes is known as ...
Loss
Profit
Want
Liability
24
When the supply and demand are EQUAL it is known as...
Good
Equilibrium
Service
Shortage
25
Money you borrow but need to pay back is called a...
Scholarship
Loan
Default
Gift