Business Essentials 2.03-2.05 Intervention

Which is a speculative risk?

Gross profit - Expenses and Taxes =

Services are:

Several new salons open in Rocky Mount putting Ulta out of business. What factor is affecting Ulta's business?

Finding out "who," "what," "when," and "where" are questions you should ask in which step of making an ethical decision?

A private enterprise system (market economy) is often referred to as a(n):

Revenue - Cost of Goods Sold =

Which is uninsurable?

Bribing people is considered ethical in some countries but not in the U.S. This leads to what type of dilemma?

Prices of Pepsi have increased. You decide not to buy Pepsi any longer. What type of demand does Pepsi have?

Unemployment is a disadvantage of a private enterprise system.

Which economic system has the fewest new ideas and improvements?

Toilet paper has gone up from $5.99 / 12 rolls to $19.99. You continue buying toilet paper. This demand is inelastic.

Getting some of your money back after purchasing a product is called a:

Another word for monetary reward is:

Which is an example of an oligopoly?

Guitars, books, cars and video games used at home are considered:

A customer slips on the floor at Nike and files an insurance claim. This is what type of risk?

The people continue to produce what has always been produced in a(n) ___________ economic system.

You buy a laptop to do your homework. The laptop is a capital good.

Which can be controlled by a business?

Which category of risks includes errors in production and bad employees?

The government owns 100% of the resources in which economic system?

Automation in factories using assembly lines is replacing human resources with:

A dishwasher, refrigerator, furniture and television for your house are considered:

Which would affect the supply of goods to decrease?

If a company doesn't make a profit for an extended (long) period, they will have to:

The "economic" basis for a private enterprise system is:

In a retail stores like Walmart and Amazon, products are always sold:

The United States has a socialist economic system.

Money, tools, a building, and machinery used for business purposes are considered:

Higher taxation is a problem for which economic system?

Relationship advice from a friend is an economic want.

The 2 main divisions of the trade industry are:

Due to competition, people in the U.S. (market economy) enjoy:

Clothing, video games and cars are non-economic wants.

The main role of the U.S. government is to:

Rocky Mount Utilities' prices are regulated by the gov't b/c they are the only option for customer electricity. This is: