Business Funadmentals CPAS review

Where the communication takes place.

Wendy's vs. McDonald's and Krispy Cream vs. Dunkin' Donuts is an example of

Legal entity with authority to act and insure liability separate from its owners.

Carefully selecting goods or services to sell is an example of handling business risks by:

The department of a business concerned with recruiting and managing employees.

The amount remaining when expenses are deducted from gross income.

The idea that business's should contribute to the welfare of their communities.

A business analysis using strengths, weaknesses, opportunities, and threats.

Which of the following is a sign of economic contraction?

Which of the following is the socialist element of a social democracy?

You have a smoothie, soda or tea. You don't like tea, so you choose the smoothie.What's the OC

Product, place, price, promotion

Which of the following is an example of business risk that cannot be covered by insurance?

The ratio that shows the delivery of an investment by comparing the gains to its cost.

Automobile manufacturers sell the same product (cars), but offer different makes and models.

The activities of planning, leading, organizing, and controlling.

Express yourself through body language, such as facial expressions, hand shake, etc.

Knowing you weaknesses, and wanting or being willing to change them.

The two types of infrastructure that are necessary for a modern economy:

A person's right to sell his land to someone else is an example of?

Standards of business conduct and moral values.

Start a small retail store selling gift items would fall under which market structure?

A marketing function that involves obtaining, developing, maintaining, and improving a product.

A company that owns the product or service and grants the right to another business.

When products are available at convenient places, ATM's convenient stores, etc.

Economic system in which allocation of scare resources is the result of ritual, habit, custom.

Which of the following is a commonly used credit card?

Which of the following lists the contributors to the GDP?

Why does the stock exchange seem like a perfect example of a free market economy?

Financial report that summarizes accounting data, balance sheets & income statements.

Financial statement that includes assets, liabilities and owners equity.

What is the purpose of the Federal Reserve Board?

Specific, Measurable, Attinable, Relevant, Time.

Which of the following is one of the main features of a market economy?

If a risk is small in terms of money, a business may decide to _______ the risk.