IBM Final Review

Raw materials used to produce goods

When the government spends more on programs than it collects in taxes

Which of the following is not a financial statement?

Marketing research collects information about the population called

Lack of resources

A summary of your qualifications and experience

People who make the goods and services for which they are paid

The total value of goods and services produced in a country in a given year

An entry-level job

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

The study of how individuals and groups of individuals strive to satisfy their needs and wants

A plan specifying how money will be used or spent during a particular period

Advertising is part of which marketing function?

Property and other items of value owned by a business

Economic indicators measure

Competition forces businesses to do all of the following EXCEPT

A rise in business activity after a recession

Confidence in one's own worth or ability

Management includes the processes or functions of planning, organizing, leading, and ____.

The owners of a corporation

Which of the following is a non-renewable resource

Being able to convert (resources into cash) without loss in value is called:

A good communicator is one who

The duty to do what is best for the good of society

How and where customers will buy their goods and services

The marketing function that involves making customers aware of a product

A written description of a new business venture that describes all aspects of the business.

Moral principles by which people conduct themselves personally, socially, or professionally

Which of the following does not have a direct impact on a consumer's buying behavior?

Money supplied by investors, banks, or owners of a business

Creditors' claims to the assets of a business

An economic system in which decisions are made in the marketplace

To market a product successfully, a company has to

A general increase in the price of goods and services

The process of creating, promoting, and presenting a product or services

Process of getting goods and services to customers

Some stocks pay out a profit called

An economic system in which a central authority makes the key economic decisions

High unemployment, low production of goods and services

Businesses produce less, so they need fewer workers

Contractual agreement to use the name and sell the products of a company

If the supply of Hatchimals is low then prices of Ebay will

What is the perception that a good or service has worth?

Most nations have which type of economy

Results from low unemployment and high production of goods and services

Holds a firm's owners responsible for no more than the capital

A brief account of the key points contained in a business plan:

The most common type of business ownership

Measures the number of people who are able and willing to work but cannot find work

Employees have an ethical obligation to act in the best interest of the