Duplicate of Duplicate of Principles of Business -- Part 2 Final Exam Review

Valid contracts must have consideration, which is defined as:

__ involves analyzing info, setting goals, and making decisions.

Generally, you should limit you resume to

This work arrangement offers one job to two people, each working part-time.

Alexi is looking for a new bank that offers 24-hour services, he is mostly concerned with

If an unreceived or returned item is billed to a credit card, how long do you have to dispute?

Antitrust laws protect consumers from all the following EXCEPT

Which is NOT an important human relations skill needed by leaders and managers?

A major advantage of a functional organizational structure is that

Wages, salary, commission, fees, tips, and bonuses are

All of the following are non-renewable EXCEPT

A _ is a written contract giving permission to operate a business to sell products & services under a business name.

_ are the principles of morality or rules of conduct

The largest source of revenue for the federal government is the

Which is a variable expense?

This type of compensation pays an employee a specific amount of money for hours worked.

GDP measures a country's economic output during

A natural, inborn aptitude to do certain things is called a(n)

In simple terms, _ are what a company owns.

Combination of tactical and strategic management is known as

_ is the amount before deductions or taxes are taken out of a paycheck.

Location is important to small retail business because

Gross margin is

Which is NOT a goal for the World Trade Organization (WTO)?

Prepare for a job interview by

Assignment of an employee to another job in the co. with a similar level of responsibility is

If you have a budget, you should

When is tactical management BEST used?

Managers typically spend much of their time dealing with

_ is borrowed money which must be paid back later with interest.

A precise statement of results a business expects to achieve is a

This type of sale is often used when a new store opens or when new products are introduced.

This type of credit occurs when a co. receives goods from a supplier and pays later.

Services are intangible. This means that