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Exploring Business Unit 1 Review Flashcards | StudBud
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Exploring Business Unit 1 Review
Exploring Business Unit 1 Review
29 terms
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StudBud Administration
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A business review quiz that covers economics, ethics, and business basics.
Flashcards
29 cards
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Practice quiz
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Questions
29
Answers
1
An economics system in which decisions are made in the marketplace.
command economy
mixed economy
market economy
marquet economy
2
The people who recognize opportunities and start businesses.
entrepreneurial resources
appeasement
business owners
endorsers
3
The gathering and analysis of information on the size, location, and makeup of a product market
Market Search
Market Research
Monopoly
Market
4
Amount or quantity of goods and services that consumers are willing to buy at various prices
price
demand
wages
supply
5
The method that a society chooses to use and distribute resources.
economics
ethics
e-tail
economic system
6
Tasks that businesses perform for consumers.
Services
Scarcity
Cervezas
Goods
7
The amount of goods and services that producers provide at various prices.
price
supply
demand
wages
8
A set of guidelines for maintaining ethics in the workplace.
code of ethics
ethics
code of ethiks
business ethics
9
The contest between businesses to win customers.
Business
Competition
Profit
Competision
10
Any commercial activity that seeks profit by providing goods and services in exchange for $$$.
Business
Scarcity
Mcdonalds
Social Responsibility
11
The things used to produce goods and services.
machinery
natural resources
capital resources
business
12
An economic system in which a central authority makes the key economics decisions.
command economy
mixed economy
marquet economy
market economy
13
The duty to do what is best for the good of society.
social distortion
social responsibility
Social constructions
social reliability
14
A shortage of resources.
Services
Goods
Social Responsibility
Scarcity
15
All the economic resources necessary to produce a society's goods and services.
Business plan
Factors of production
Resources
Business Cycle
16
Items that people can use to make or obtain what they need or want.
Scarcity
Goods
Resources
Social Responsibility
17
The study of how individuals and groups of individuals satisfy their wants and needs.
writing
economics
financial planning
ergonomics
18
Conflict between self-interest and professional obligation.
conflict of pintrest
nepotism
coupon rate
conflict of interest
19
The rise and fall of economic activity overtime.
profit
business sycle
business cycle
check
20
The duty to do what is best for the good of society.
Goods
Social Responsibility
Scarcity
Services
21
Things you must have in order to survive.
Kneeds
Things
Needs
Wants
22
Moral principles by which people conduct themselves.
shmethnics
ethnics
ethics
breathnics
23
Individuals who make the goods and services for which they are paid.
liquidity
labor resources
lumber resources
natural resources
24
Things that a person does not have to have to survive, but would like to have.
Items
Wnats
Needs
Wants
25
The total value of the goods and services produced in a country in a given year.
MLB
NFL
GDP
MIP
26
The money left over after a business has paid the cost of providing goods and services.
Social Responsibility
Supply
Profit
Business
27
A person who uses goods and services
Prosumer
Consumé
Rodger
Consumer
28
Raw materials from nature used to produce goods.
Money
Resources
Apparel
Natural resources
29
A combination of market economy and command economy.
mixed economy
market economy
marquet economy
command economy
