CPAS REVIEW

What is the main reason that individuals and nations must make economic choices?

The percent change in consumer prices from month to month is the _____.

The Scott Company sells stock. Under what form of business does the company operate?

Prices are determined at the market equilibrium or the place where _____ is equal to _____.

Iron ore, timber, tuna, and crude oil are examples of

Is it acceptable to use your cellular phone at the table while dining out?

What is the method business owners most frequently use to finance their businesses?

Demand for a good is more likely to be elastic when the good is

What skills to managers need in order to analyze information and solve problems quickly?

The amount of confidence and satsfaction one has in oneself. How you feel about yourself

In modern economics, the medium of exchange is

The price of complementary products has an effect on ______

GDP stands for

The particular group of people you are interested in pursuing as customers

Doing what needs to be done without being told or urged

The economic term SCARCITY is most often used to refer to

Your mental outlook towards people and situations

What would cover losses business incurred from selling a faulty product that injured someone?

One way to increase profits is to _______

Which of the following is not a risk associated with doing business in another country?

What is risk management?

"I've been in your shoes"

An individual who undertakes the creation, organization, and ownership of a business.

Which of the following is a reason that businesses extend credit to customers?

The promotional mix includes: