CPAS REVIEW

The Scott Company sells stock. Under what form of business does the company operate?

Is it acceptable to use your cellular phone at the table while dining out?

Your mental outlook towards people and situations

Iron ore, timber, tuna, and crude oil are examples of

In modern economics, the medium of exchange is

What skills to managers need in order to analyze information and solve problems quickly?

The particular group of people you are interested in pursuing as customers

The promotional mix includes:

What is risk management?

What would cover losses business incurred from selling a faulty product that injured someone?

Prices are determined at the market equilibrium or the place where _____ is equal to _____.

The economic term SCARCITY is most often used to refer to

An individual who undertakes the creation, organization, and ownership of a business.

The percent change in consumer prices from month to month is the _____.

What is the method business owners most frequently use to finance their businesses?

GDP stands for

Which of the following is not a risk associated with doing business in another country?

What is the main reason that individuals and nations must make economic choices?

The price of complementary products has an effect on ______

The amount of confidence and satsfaction one has in oneself. How you feel about yourself

One way to increase profits is to _______

"I've been in your shoes"

Which of the following is a reason that businesses extend credit to customers?

Demand for a good is more likely to be elastic when the good is

Doing what needs to be done without being told or urged