Duplicate of Duplicate of Principles of Business -- Part 2 Final Exam Review

__ involves analyzing info, setting goals, and making decisions.

Which is a variable expense?

Managers typically spend much of their time dealing with

Alexi is looking for a new bank that offers 24-hour services, he is mostly concerned with

A precise statement of results a business expects to achieve is a

The largest source of revenue for the federal government is the

This type of sale is often used when a new store opens or when new products are introduced.

This type of credit occurs when a co. receives goods from a supplier and pays later.

Assignment of an employee to another job in the co. with a similar level of responsibility is

Which is NOT an important human relations skill needed by leaders and managers?

_ is the amount before deductions or taxes are taken out of a paycheck.

When is tactical management BEST used?

Gross margin is

Which is NOT a goal for the World Trade Organization (WTO)?

Valid contracts must have consideration, which is defined as:

This work arrangement offers one job to two people, each working part-time.

All of the following are non-renewable EXCEPT

If you have a budget, you should

_ are the principles of morality or rules of conduct

Antitrust laws protect consumers from all the following EXCEPT

A natural, inborn aptitude to do certain things is called a(n)

Prepare for a job interview by

A _ is a written contract giving permission to operate a business to sell products & services under a business name.

Generally, you should limit you resume to

Services are intangible. This means that

_ is borrowed money which must be paid back later with interest.

In simple terms, _ are what a company owns.

GDP measures a country's economic output during

A major advantage of a functional organizational structure is that

This type of compensation pays an employee a specific amount of money for hours worked.

Location is important to small retail business because

Wages, salary, commission, fees, tips, and bonuses are

If an unreceived or returned item is billed to a credit card, how long do you have to dispute?

Combination of tactical and strategic management is known as