Virtual Enterprise Review

What agency sets and enforces work-related health and safety rules?

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

What is the report of the financial state of your business on a certain date called?

Assigning jobs to workers and giving authority to certain people is a managing activity called

The unit cost is $63.50. The customer purchased 3 items and sales tax is 6.5%. The total due is

Which of the following sells goods directly to the customer?

Antitrust laws protect this.

What does downsizing cause?

Which does not matter when marketers are concerned with place?

The number one cause of business failure is

Which of the following is a business owned by 2 or more persons who share the risks & rewards?

To examine how sales and expenses are changing over time, you can use your

The amount added to the cost of an item to cover expenses and ensure a profit is called

Net cash flow is negative if cash receipts are

Form of business with unlimited personal legal liability from lawsuits related to the business.

Machines and buildings used to produce goods and services are examples of which?

Below the break-even point,

The American Red Cross is an example of which type of business?

Which function involves moving goods from one place to the end user?

A BCC notation in an e-mail is

This report projects or estimates income.

The percentage by which a business lowers its retail prices in order to move merchandise is

What is a one-year accounting period called?

What must business provide to consumers in order to satisfy their wants and needs?

Sales made over the web are also known as

Owner's equity is sometimes called

Which refers to the general increase in the cost of goods and services?

Which is a report of net income or net loss over an accounting period?

What is the amount of money you earn that you actually take home after deductions?

When a manager gives guidance to employees to perform their tasks, he/she is performing what?

Which of the following is an evaluation of how well an employee is doing?

An item that had an original price of $45.49 is on sale at 30% off. What is the sale price?

The management activity that asks "Did the business accomplish what is was supposed to?"

Which is a detailed outline & list of qualifications & conditions required for a specific job?

A document that lists your skills, education, and work experience.

Which of the following helps you predict how much $ you'll need & how to control your spending?

To prepare a pro forma cash flow statement, you must forecast your

What is the process of finding, selecting, training, and evaluating employees?

This concept states that producing one good means not producing another.

Cash, equipment, buildings, supplies, inventory, and land are all examples of this.

A corporation is controlled by this.

What type of resource are teachers, coal miners, bank managers, and farm workers?

The four Ps of marketing - product, price, place, promotion-are know as what?

Good management requires which of the following?

To improve your cash flow, you can

Holding to principles like honesty, loyalty, and fairness is having this.

Developing growth strategies for a business is which of the following management activities

Which refers to the amount of money a company has to make on a product to pay for its costs?

Which of the following is a benefit to companies carrying business insurance?

Which consists of meeting and talking with people in different occupations to make connections?