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VE EOY 1 Flashcards | StudBud

Explore/VE EOY 1

What would help encourage entrepreneurship?

Two basic types of tariffs

VE EOY 1

10 terms·StudBud Administration·205 plays

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Questions 10

Answers

1
Two basic types of tariffs
Revenue and protective
General and limited
Goods and services
Comparative and absolute
2
What would help encourage entrepreneurship?
Develop new policies to reduce free trade
Increase taxes and regulation
Minimize taxes and government regulation
Don't allow it other types of businesses
3
What is an enterprise zone?
Hazardous areas
Government owned property
allows businesses to receive tax breaks for certain areas
Businesses ran by the government
4
What increases when you continue to run in a budget deficit?
National Debt
Balance of payments deficit
Federal capital account
Money Supply
5
Someone who can gain or lose from a business is a...
Customer
Social Mentor
Stakeholder
Economic environment
6
What is the difference between a manager and a leader?
Managers work for stability, leaders embrace change
Managers have autocratic leadership styles
All employees can be managers
Managers are found in a business, leaders are not
7
What type of corporation is double taxed
C Corporation
S Corporation
Limited Liability Corporation
Sole Proprietorship
8
What is this
Business layout
Department categorization
Organizational Chart
Business plan
9
Comparative advantage means
import all of their products
watch the global market
a country should produce all of their own products
produce what it is good at and buy the rest
10
Who is the largest importer in the world today?
Mexico
United States
China
Japan