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Business Unit Vocabulary
Business Unit Vocabulary
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Answers
1
Which of the following is NOT one of the 9 Ingredients for a successful business?
Advertising and Location
labor & technology
A Building and a Parking Lot
Raw Materials & Business Ability
2
A company that controls all aspects of a business; eliminates
competition
.
greedy
monopoly
corportation
magnates
3
A business owned by many shareholders (STOCK OWNERS) is a ____________.
Target
monopoly
Walmart
Corporation
4
controlling all of the steps required to turn raw
materials
into a finished
product.
horizontal integration
free market
vertical integration
business cycle
5
What is the formula for calculating
interest?
i = p x r x t
p = i x r x t
r = i x p x t
i = p + r + t
6
What is the
interest
you would pay for a $100,000 dollar loan at 5% interest over 10 years?
$2,500
$25,000
5,000
50,0000
7
The type of
economy
where businesses are allowed to compete against one another.
wealthy
black market
socialism
free market
8
The actual amount of money that you borrow from a bank is this
principal
loaner
interest
mortgage
9
The time period in our country when a few wealthy disguised the poor conditions of the many.
The Stone Age
The Millionaire Age
The Gilded Age
The Gold Age
10
a person who gives back to society by donating large sums of money (Rockefeller & Carnegie)
Robber Baron
Magnate
Philanthropist
Rich Nice Guys
11
a business leader who uses dishonest methods to get rich (like Rockefeller & Carnegie)
robber bully
crooked creep
robber baron
robber bandit
12
Oil
magnate
who bought out
competitors
in order to establish his
monopoly
(Standard Oil Trust)
Carnegie
Mr. Fisgus
J.P. Morgan
Rockefeller
13
He was the United States steel
magnate
who controlled the steel industry from 1889-1901
Johnson
Bill Gates
Carnegie
Rockefeller
14
When a country is in a period of extremely low economic ($) activity.
competition
destruction
regulation
depression
15
Both
Rockefeller
and
Carnegie
were successful
monopolists
or __________.
managers
store owners
beggars
magnates
16
Anything a business uses to make a finished product
raw product
labor
service
ingredient
17
When companies try to do well against one another. Without it, there isn't a
free market
.
depression
competition
regulation
trust
18
Rules or laws made to control business (opposite of
laissez-faire
)
regulations
free markets
trusts
corporations
19
A policy where the government does
NOT
interfere with business (opposite of
regulations
)
No Fair
Gilded Age
laissez-faire
Gospel of Wealth
20
a legal body created to hold stock in many companies
committee
board
stock
trust
21
Money you need to start a business is called _______________.
an IOU
a bank loan
capital
trust
22
The name of the Ankle Bank banker is...
Rich Holahan
Ferd Berfle
Gerd Ferfel
Greedy Gus
23
When a company's bill exceed it's earnings, it could go ____________________________.
bananas
to another country
write a check
bankrupt
24
When you borrow money from a bank you pay a % or __________ back to the bank
capital
interest
IOU
principal
25
part ownership of a corporation
trust
bond
stock
piece of the pie
26
a special discount given to the railroads by Carnegie
coupon
dial a deal
rebate
regulation
27
The idea that the wealthy should give to the poor (
philanthropy
)
Give a Little
Gilded Age
sharing is caring
Gospel of Wealth
28
For your business project,you borrowed from this bank
Holahan's Trust
Key Bank
Citi Bank
Ankle Bank
