Business Essentials Final Review

What does channel of distribution mean?

All are examples of intellectual property EXCEPT:

What is an example of a direct channel distribution?

What is needed to start a small business?

White collar jobs involve a great deal of physical work.

What is a contingent worker?

Which is NOT an example of a geographic factor when talking about international trade?

A product being complex means it will be cheaper.

Which level of management sets long-term direction and makes plans?

Who is someone you should NOT use as a reference?

Which pricing factor means products change price based on time of year?

What term refers to the duty of a business to contribute to the well-being of a community?

Which is NOT an example of a trade barrier?

What is an import?

Which is NOT an example of a type of business?

What is an example of an intermediary business?

An effective budget needs to be:

What level of management is responsible for the day-to-day of a business?

What is the accounting equation?

Which term means a country is better when they specialize in making a product?

What term means a country imports more than they export?

What agency insures customers of banks from losses?

What is an example of a fixed expense?

What is the amount of money available to the business after all costs and expenses have been taken out?

What is a kind of management style that looks into collaborating and involving employees?

What is NOT an example of a need?

A product being unique means it will be cheaper.

A high school students resume should be one page.

What is the most important thing you have front and center on your resume?

What is an example of a franchise?

What is an example of a liability?

Which is NOT an example of a cultural factor when talking about international trade?

What country is the world's largest producer of goods and services?

Which marketing function includes researching what customers like and dislike about your product?

Which is NOT an example of an economic system?

How do you find a business's profit?

What is an example of a variable expense?

What is market research?

A mixed economy is a mixture of which two?

A letter that explains your interest in a position and discusses your skillset is called what?

What is an example of environmental protection?

What is an example of personal selling?

All are ways to enter into a foreign market EXCEPT:

Products should be marketed the same way, no matter what the product is.

Which is NOT a risk of entrepreneurship?

Which is NOT a step in the budgeting process?

A letter that someone writes for you explaining how they know you and your skills is called what?

What is an intermediary business?

Which is NOT a kind of communication we talked about?

What is an export?

Which term means the value of one currency compared to another?

Which is NOT a type of business ownership we talked about?

You should change your resume and cover letter depending on the job you are applying for.

What term means a country exports more than they import?

What type of job would be considered middle management?

Which is NOT a type of resource we talked about?

What is not included in the functions of management?

Which term refers to how much something costs the manufacturer?

A super sweet Batman poster would be classified as:

What is NOT part of the budget process?

What is the difference between banks and credit unions?

Which is NOT included in marketing duties?

What word means not having enough resources to satisfy every need?

Which is NOT an example of a company that only does marketing?

When talking about human resources, what does employee relations mean?

Which is an example of a service?

What is an example of visual merchandising?

America is which type of economic system?