#1 Contemp Bus Final Exam Business Topics Review

A stock quote is the price of a stock as quoted on the exchange

Which of the following is a way to target your market

This type of Entrepreneur starts a business to make money but has a cause or mission involved with it

Money that you spend

Type of Entrepreneur starts a business and almost "copies" another business, improves it or fills a market gap

Groceries or electricity

What's the main difference between credit cards and debt cards?

My Way or the Highway would be used to describe which type of management style?

Process of comparing projected costs, benefits, and opportunities of a project and seeing whether it makes sense to do

A company or form of technology that causes radical change in an existing industry or market by means of innovation.

Entrepreneneur is French for risk taker

This type of expense occurs regularly and the amount doesn't change each month.

A Disruptive Innovation occurs when companies make dramatic breakthroughs in innovation

These items are ones I desire - I do NOT need them to survive

Natural Resources, Labor, Capital, and Entreprenuers are the Factors of Production

A Business Plan is a road map for your business

In a Cost Benefit Analysis if the benefits outweigh the costs the project is seen as __________ to the company?

This term is used to describe the amount of goods and services producers (businesses) are willing to provide.

This type of Corporate Culture occurs when employees have equal power and a family-like mentality.

In the Factors of Production the skills people bring to the job are what type of resource?

$ What is one way you can avoid credit card?

In the Factors of Production A nurse at a hospital would be which type of resource?

Republicans are on which side of the Political Spectrum?

This term defines the missed chance or what you gave up for making the choice or purchase.

Economics is a social science concerned with the production, distribution, and consumption of goods and services

Money that you earn from your job

Teamwork Makes the Dream Work would be used to describe which type of management style?

Planning, Leading, Organizing, and Controlling, are the 4 functions of Management

In the Factors of Production these are the people that start a business/improve a business

This type of Corporate Culture is reflected in the day-to-day operations of the company. 

Entreprenuers must always start a business from scratch - they cannot improve upon one?

Which is a part of the business plan

Unlimited liability means that a person can be sued for both their business and personal assets

Which of the following is FALSE about a credit card?

Type of Entrepreneur starts a business sells it & does this AGAIN & AGAIN- they keep starting and selling businesses

A specific group of people your product is for

marketplaces for the trade of securities, commodities, derivatives, and other financial instruments

Entrepreneurship is the process of starting and running your own business. 

Which of the following is a form of non-verbal communication?

In the Factors of a hammer used on a construction site would be which type of resource?

In the Factors of Production materials from the earth such as oil, gas, and coal are used to make products are...

This type of expense is not necessary. You choose to spend money and you control the amount.

In a Capitalist system the Government only interferes in business to protect the right of consumers and fair trade

A plan for how to spend and save your money

Opportunity Cost is defined as the potential benefits someone losses when they chose one alternative over another

This term is used to describe the amount of a product consumers are willing and able to buy. 

These items are required for me to survive, I must have them.

point when consumers buy the entire product that is supplied, leaving neither a surplus/shortage. Supply and demand meet

The point at which supply and demand meet

Like Elsa this management style occurs when the boss "Let's it Go" (hands-off)