POBF Final Review

Which is an example of a speculative business risk?

A local dry cleaner that also launders and presses shirts is selling:

Which is a reason that natural resources are considered limited?

A reason why businesses are required to keep accident records is for:

Which question should be answered by the purchasing function?

Which situations would cause prices to rise?

Which do managers often set in order to control the work effort?

By purchasing just the quantity of supplies that is needed, purchasing can:

Businesses not be able to determine if they are meeting their financial goals without accurate:

What is one of the most important components of the production process?

Which is an example of ethical business behavior?

According to the marketing concept, which option demonstrates customer orientation?

Which protects employees from liability when they administer first aid to customers?

Trey compares the prices offered by different vendors for the same goods and services.

The role of finance in business often involves:

A characteristic of a sole proprietorship is that the owner:

A type of business ownership in which one or more of the owners does not have full liability is

Which provides government protection of business property?

Which is a characteristic of human resources management?

Which change provides the most time utility for a consumer?

A killing frost destroys 80% of Florida's citrus crop. This will most likely create:

Business ethics involve considering issues about what is:

Which processes turn economic resources into goods and services?

company decided to sell stock to raise capital. What form of business does the company operate?

A business that begins selling winter holiday decorations in late autumn, creating what utility?

Which occurs when the supply of individuals who are able and willing to work diminishes?

A manager who helps an employee count the money in a cash drawer and prepare a bank deposit

Who decides how goods and services will be marketed in a private enterprise economic system?

a private enterprise economic system, the interaction of supply and demand primarily determines

The usefulness of a product to consumers is referred to as product:

For a business, income remaining after payment of expenses is:

Which group of words best describes wants?

Businesses use the information collected through the accounting process to prepare accurate:

Which would probably result if a business reduced its marketing costs?

Which factor has aided the most in creating a global business environment?

Assets a company already owns and can use to finance a new venture are called:

What is one of the main reasons why businesses need to keep accurate accounting records?

When businesses invest funds to expand, they are involved in the process of:

When prices increase, producers usually:

How frequently should the operations function which consists mainly of activities, be performed