BUS101 Final

Manmade resources needed to produce goods or services

Any group that is impacted by the performance & actions of an organization

A claim that outsiders have against a firm’s assets

A company requests $50,000 for 15% stake in the company, what is the company's valuation?

Government efforts to influence the economy through taxation and spending.

Application of beliefs about what is right versus wrong/good versus bad workplace

What discipline uses people and computers to process and interpret data?

Owners of an organization

Total value of all goods & services produced within a nation over a period of time

A tool that shows how financial resources will be acquired & used to achieve goals in a period

What is another name for free market system?

A financial and social system of how resources flow through society

A decision that involves a conflict of values

Before deductions/expenses

Product price = $150 and COGS= $130, what is your revenue if you sell 30 products?

The risk of giving up the second-best choice when making a decision

Any organization or activity that provides goods and services in an effort to earn a profit

Attitudes, belief and behaviors within an organization

The money that a business earns in sales, minus expenses is _________.

Obligation of a business to contribute to society

The principle that a dollar received today is worth more than a dollar received in the future.

A voluntary agreement under which two or more people act as co-owners of a business for profit.

Something a business/person owns

The periodic contraction and expansion that occur over time in virtually every economy.

Which is not a Right of the Free Market System?

What Free Market Right allows me to buy, sell and work where I want?

The process of determining the number of units a firm must sell to cover all costs.

Right to use a parent organization’s trademark/processes/ marketing

Financial statement that identifies a firm’s sources & uses of cash in an accounting period

When a business incurs expenses that are greater than its revenue

Your favorite freshman class!

The risk of launching and operating one’s business

What era of US Business history are we currently in?

Day to Day tracking and report generation in compliance with legal standards (past)

Which statement is correct?

What US Business Era is defined by customer satisfaction?

The percent of people who do not have a job but are actively seeking employment

Planning tool that helps orgs evaluate weakness, threats, opportunities & strengths

What is the retail selling price?

Which is not part of the marketing mix?

A form of business ownership with a single owner who usually actively manages the company

What US Business Era is defined by high efficiency and assembly lines?

Costs that change with the level of production

Economics studies the __________ people, companies and governments make in allocating resources

What is a royalty offer?

What should not be included on a resume ?

Product price = $50 and COGS= $30, what is your profit if you sell 30 products?