B&M Final Exam Review Part 2

The Fortune 500 is made up of

A deep recession that affects the entire economy and lasts several years.

The process that involves getting consumers to buy a good or service.

A general decrease in the price of goods and services.

People producing goods and services.

Items like money or other assets that people can use to make or obtain what they need or want.

Things that are required in order to live.

Small businesses employ nearly ____% of US workers?

Competition among business

conflict between self interest and interest of the business

Total honesty and sincerity

A common obstacle in starting a business is

Market Research provides information that can help a business do all of this except

Small businesses employ nearly ____% of all workers?

The act of gathering & analyzing information about customers' wants, needs & preferences.

which of the following is an asset?

A dividend is NOT

the level of material comfort as measured by the goods and services that are available.

The most known and used type of mass promotion is

Employees that carry out the decisions of executives are...

Which of the following is a liability?

The duty to do what is best for the interest of society.

The amount of goods and services that producers will provide at various prices.

Which is true?

Banks are more willing to lend money to a partnership than a sole proprietorship.

All of the following are common reasons for small business failure except

Compared to the rest of the world, the US has

To be classified as a small business, a business needs less than _________ employees.

A manager spend most of their day

The result of government spending more on programs than it collects in taxes