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Intro to business Flashcards | StudBud
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Intro to business
Intro to business
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39 cards
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39
Answers
1
anyone age 16 and over who is looking for a job or already has one. not millitary personnel,volunteers,prision inmates
labor force
Empty choice
who works
work force
2
the liability of a firm's owners for no more than the capital they have invested in the firm is...
why dose this matter
limited something
limited libility
idk
3
what is it called when one person owns a business?
Sole Proprietorship
not having a partner
one and only best person
something
4
Four Functions of Management
1. Planning2. Organizing3. Following4. Controlling
1. Planning2. Organizing3. Leading4. Controlling
1. Planning2. Organizing3. Leading4. Contortion
1. Playing2. Organizing3. Leading4. Controlling
5
people are starting to lose intrest in the product, and sales are decreasing is...
groth
going down
revenew
decline
6
economic systems in which individuals own and operate businesses is...
economic systems
Market Economies
comand economy
Circular Economy
7
Offshoring is exporting U.S. jobs to lower paid employees in other nations
False
True
8
Controlling
blank
monitoring performance,comparing goals & taking corrective action needed
being bossy
keeping the company on track and making sure goals are met
9
work that requires advanced skills and education is what kind of labor?
skilled labor
semiskilled labor
professional labor
unskilled labor
10
price
a stupid concept
how much money you give over
how much something costs
that which is given up in an exchange to acquire a good or service
11
the skills and knowledge gained by a worker through education and experience is called human capital
True
False
12
labor that requires specialized skills and training is what kind of labor?
unskilled labor
semiskilled labor
skilled labor
professional labor
13
a blue collar jobs are...
when you have to wear a blue collar ot work.
when you have to wear a white collar in your job.
job that dosn't involve manual labor or wearing of uniform or work clothes
a job that you have to wear a uniform or work cloths&involves manual labor
14
leading
- setting standards- delegating work- enforcing policies- resolvs conflicts
having to do all of the work
providing direction and vision
taking charge
15
this is whatgovernment agency,regulates the amount of money,controles interest rates,controls the amount of money loaned
a way of bussniss
the federal reserve
blank
controlle
16
what is unlimited liability
insurness
idk
Empty choice
owner is fully responsible for all losses and debts of the business
17
Linear economy
type of economy
Take, make, dispose
introduction, groth, maturity, decline
Empty choice
18
diagram that shows structure of an organization,classifications of work & jobs,& the relationships among classifications
idk
organization chart
some sort of chart
a list of who works for who
19
a white collar jobs are...
a job that you have to wear a uniform or work cloths&involves manual labor
job that dosn't involve manual labor or wearing of uniform or work clothes
when you have to wear a blue collar ot work.
when you have to wear a white collar in your job.
20
Middle Managers
Are often responsible for various department in a business.
a managers who carries out the decisions of top managers
a manager
the middle man
21
business cycle is...
Fluctuations in economic activity, such as employment and production
like the rain cycle but business
the business cycle
how business works
22
A business owned by stockholders who share in its profits but are not personally responsible for its debts is called...
blank
what people work for
workplace
a Corporation
23
labor that requires no specialized skills, education, or training is what kind of labor?
professional labor
skilled labor
semiskilled labor
unskilled labor
24
the methods societies use to distribute resourc
comand economy
Circular Economy
Market Economies
eseconomic systems
25
the price at which the quantity demanded equals the quantity supplied is called...
price
equilibrium price
Growth
supply and demand
26
an economic system in which the government makes all economic decision
Circular Economy
economic systems
Market Economies
comand economy
27
A business in which two or more persons combine their assets and skills is called a partnership.
False
True
28
what is a recovery?
a decline in business activity after a recession or depression
a rise in business activity after a recession or depression
after a recession or depression
when things start getting better
29
A business that is owned by the members it serves and is managed in their interest. is called a ...
company
cooperative
blank
group
30
workers with enough mechanical abilities & skills to operate machines that require a minimum amount of training is...
professional labor
semiskilled labor
unskilled labor
skilled labor
31
Planning is...
act or process of creating goals & objectives. the strategies to meet them
figuring out resources that are needed & the standards that must be met
making a plan
planning
32
prosparity is...
the state of being successful
being the best
making money
a kahoot qustion
33
orgnizing
contucting an event
putting stuff away
manager is responsible for organizing people, works processes & equipment.
Getting resources arranged, orderly & functional way to accomplish goals
34
supply
how much is wanted
The amount of goods available
part of supply and demand
how much you have
35
What is a Recession?
A business owned by one person
a rise in business activity after a recession or depression
A slowdown in a nation's economy
the state of being successful
36
what is a depression?
no money
A long-term economic state with unemployment,low prices&low levels of trade
a hole in a object
Mental illness
37
demand
how to pay for something
the desire to own something and the ability to pay for it
gimmie gimmie
Empty choice
38
Product Life Cycle
The stages a product or service goes through during its lifespan.
Take, make, dispose
the life of a product
introduction, groth, maturity, decline
39
Economics
Study of how people seek to satisfy their needs and wants by making choices
the class systme
some sort of study
how people can support themselves
