Ivy Tech (part 1)

Using computer systems to aid in the creation, modification, analysis, or optimization of a design is known as

A ____ invests $$ in a business but has no responsibility or liability for losses beyond their investment

_____ is an agreement where one firm gives another permission to market its brand name in exchange for a fee

Two consecutive quarters of declining GDP is known as a

Which of the following is an ADVANTAGE of franchising for the franchisee?

Purchasing products or materials in other nations and bringing them into one's own country is

A _____ form of business ownership often costs between $20000-$1 million in fees to start

An organizational structure in which chain of command goes directly from person to person throughout the organization

Congress created the ____, which has the power to investigate complaints of employment discrimination

You sign contract with Taco Bell to open up a store + agree to follow their policies, you are the __ and they are the __

The top governing body of a corporation is known as the

Unlimited liability means that

A firm that has locations (factories or offices) in several foreign countries is known as

Fluctuations in a nation's economy which includes periods of growth and recession is known as

The point at which supply and demand are equal

Cultural diversity represents

A merger between two businesses that make and sell similar products is called a

When U.S. companies hire workers in other countries to produce goods/services rather than Americans, we refer to this as

Economic system in which individuals own and operate the majority of businesses that provide goods/services

An unfavorable trade balance occurs when...

A collection of facts that managers analyze to make decisions about a business are known as

The U.S. wishes to import no more than 5 million tons of salt from Brazil in a year. This restriction is known as a

What are two types of costs associated with inventory?

A guide to acceptable and ethical behavior as defined by a business is called