B21C Midterm Review

Which of the following is not one of the five functions of management?

_____ consists of studying careers, assessing yourself, and making decisions about a career.

The peak of the business cycle is also known as:

involves all of the activities involved in obtaining, preparing, and compensating employees

During this stage of the business cycle the GDP grows and people go back to work.

You would study business and economic trends in this part of the career planning process.

Talking with people in different occupations to find out what they do and make connections

______ have responsibilities for the direction and success of the entire business

The means that a society uses to produce goods and services are called_________

The study of how society chooses to use resources to produce and distribute goods and services

When you give up something to have something else, you are making a(n) _______

Someone experienced who serves as a counselor to a person with less experience at work

A two-way conversation in which the interviewer learns about you and you learn about the job.

____________ measures the total value of final goods & services produced in a country in 1 year

A person who is not a manager but it able to get a group focused and organized is using _____

_____________ is the contest between businesses to win customers

The way people get along with each other is known as _________________.

Things we wish we could have are known as __________.

A shortage of economic resources.

A program that combines classroom theory and practical application as a short, one-off stint

Due to _____________consumers have to pay higher prices for the things they buy

Which is a good career choice for a person who enjoys spending his/her evenings at home?

A written contract granting permission to operate a business

_________________ are a factor of production that includes tools, money and equipment

The amount of goods and services the average citizen can buy is known as the

The amount of money left over after a business has paid for the cost of  its goods and services

Which of the following is not a key characteristic of an effective leader?

A planned discussion with a worker who is willing to teach you about the work that they do

No matter how well-liked they are by employees, all managers have

The form of ownership most common among U.S. businesses

Activities that give you satisfaction are called ___________

Your _______________ is a tool that provides information about you to a potential employer.

________ refers to the willingness and ability of a person to move where jobs are located

Things we require for survival are called _________.

Money provided by investors to finance businesses that have a good chance to be very profitable

The process of accomplishing goals through the effective use of people and other resources