The social environment is the

diversity and characteristics of a specific population

Economics has 2 parts to it and they are

Microeconomics & macroeconomics

it tracks the changes in the price of goods & services

What is Financial Capital

The money funding the real capital

Globalization is the movement toward

a more interconnected and interdependent world economy

price rises as demand decreases

The physical dimension of your business

The law of supply states

increase in demand = increase in supply and vise versa

Employers are starting to encourage employees to solve customer complaints on their own

this increases employee loyalty and job satisfaction

Savvy businesses are taking advantage of the

$8 trillion buying power of aging adults

Competition is bad because

It can destroy mom and pop stores that cannot compete

Profits are defined as

The amount of money you make in a business after expenses

Market price is determined

by the need and the availability

Technology used right can

save a business thousands and create more opportunities

The Green movement is

the idea of doing things to benefit the environment

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Quiz #1 Intro to Business

44 termsStudBud Administration38 plays

Chapter 1 & 2

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Questions 44

Answers

1
The Fed affects the total
interest rate decrease
Supply of money
interest rate increase
fiscal policy
2
disinflation is
lowering in prices
rise of prices
decrease in inflation rate
none of these
3
C2C is
Consumer 2 consumer
Consumer 2 Customer
Consumer 2 consumed
customer 2 consumer
4
A not for profit uses any revenue
toward their mission
toward their expenses
toward travel fees
toward advertisement
5
The social environment is the
The diversity and sexual orientation of the environment
diversity and characteristics of a specific population
The amount of open mindedness one has towards others
The specific characteristics of a population
6
Economics has 2 parts to it and they are
none of these
supply and demand
Microeconomics & macroeconomics
income and expense
7
B2B, C2C, & B2C are parts of
E-commerce
Social Environment
globalization
Security
8
If the Fed starts selling bonds
to support CPI
interest rates go down
to support fiscal policy
interest rates go up
9
What does a CPI do
It tracks the changes in supply
none of these
It tracks the changes in demand
it tracks the changes in the price of goods & services
10
Money supply has 3 categories they are
Cash, Checks, Eurodollars
Eurodollars, M1, M3
M1, liquid assets, M3
Cash, CDS greater than 100,000 and CDs less than 100,000
11
More productivity = More revenue, which in turn =
Lower Pay for employees
Higher GDP
Lower GDP
Higher out of country GDP
12
A competitive environment is one where
mom and pop stores don’t exist
consumers get good deals
a free market economy thrives
people make more money
13
Capitalism falls under which system
mixed
market
communism
planned
14
What is Financial Capital
The physical dimension of your business
The money funding part of the Capital
The total yearly revenue
The money funding the real capital
15
The CPI is
the consumer prices informational
the consumer price index
the consumer price informational
the customer price index
16
The selling and buying of bonds is known as the
Federal Funds rate
FED
money supply
CPI
17
There are 3 economic indicators what are they
leading, coincident, lagging
future, present, lagging
leading, coins, lagging
future, coincident, economic standing
18
Demand Curve
Price lowers as demand rises
price rises as demand decreases
prices rises as demand rises
prices lowers and demands decreases
19
Globalization is the movement toward
working with other governments
a more interconnected and interdependent world economy
a world economy on a big scale
working with others
20
Supply curve
Price lowers as demand rises
prices lowers and demands decreases
price rises as demand decreases
prices rises as demand rises
21
inflation is
decrease in inflation rate
rise of prices
none of these
lowering in prices
22
Where demand = supply is
the fundamentals of business
the definition of economics
the basics of business
where prices are set
23
What is Real Capital
The physical dimension of your business
The total yearly revenue
The money funding part of the Capital
The amount capital you own in person
24
GDP is
gross dominant production
gross dominant product
great domestic production
gross domestic product
25
deflation is
decrease in inflation rate
lowering in prices
none of these
rise of prices
26
The law of supply states
lower demand = increase in supply and vise versa
supply and demand
increase in demand = increase in supply and vise versa
lower demand = increase in supply
27
Competition is good because
weeds out bad companies
weeds out expensive stores
weeds out bad ideas
destroys the uniqueness of a town
28
Employers are starting to encourage employees to solve customer complaints on their own
allows employees to become more lazy
tests employs leadership skills
this increases employee loyalty and job satisfaction
allows an employer to take more vacation time
29
If the Fed starts buying bonds
interest rates go down
To support GDP
to support CPI
interest rates go up
30
B2C is
Business toward consumers
Business 2 consumer
Business 2 Customer
Busyness 2 Consumer
31
There are how many types of competition
6
5
4
2
32
Communism falls under which system
capitalism
mixed
Market
planned
33
The fundamental concept of economics is
The ability to invest your money
supply and demand
Microeconomics & macroeconomics
income-expenses=revenue
34
Technology is the
highest expense for businesses
best thing that happened to business
the way the world is leading
the single reason why a business fails
35
B2B is
Business 2 Business
Business 2 Consumer
Business 2 Customer
Business 2 Busyness
36
Savvy businesses are taking advantage of the
$5 sub at subway on lunchtime
competition that other companies are missing
$8 trillion buying power of aging adults
population density
37
Competition is bad because
weeds out bad companies
weeds out bad ideas
It can destroy mom and pop stores that cannot compete
it increases consumers prices
38
The aging population is a part of the
society
social environment
green movement
globalization
39
Profits are defined as
The monetary value of your company
The amount of money you make in a business after expenses
The total money you make in your business
The "net" of your company
40
What is done in an effort to smooth out the swing in the business cycle
increase bonds
decrease GDP
Fiscal Policy
increase money supply
41
Market price is determined
supply and demand
by the need and the availability
income and expense
by the amount of competition
42
Technology used right can
see into the future
increase tax deductions
save money and allow people to work harder
save a business thousands and create more opportunities
43
There are 3 economic systems they are
planned, market, and socialism
planned, capitalism, and mixed
planned, market, and mixed
communism, market, and mixed
44
The Green movement is
The idea of usable water bottles
The money funding the real capital
the idea of doing things to benefit the environment
The physical dimension of your business

Quiz #1 Intro to Business Flashcards | StudBud