Virtual Enterprise Review

Owner's equity is sometimes called

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

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

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

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

Which does not matter when marketers are concerned with place?

What does downsizing cause?

A corporation is controlled by this.

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

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

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

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

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

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

This report projects or estimates income.

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

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

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

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

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

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

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

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

The number one cause of business failure is

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

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

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

Net cash flow is negative if cash receipts are

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

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

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

A BCC notation in an e-mail is

What is a one-year accounting period called?

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

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

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

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

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

To improve your cash flow, you can

Below the break-even point,

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

Sales made over the web are also known as

Antitrust laws protect this.

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

Which of the following sells goods directly to the customer?

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

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

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

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

Good management requires which of the following?