POBF Final Review

Which protects employees from liability when they administer first aid to customers?

Which occurs when the supply of individuals who are able and willing to work diminishes?

Which factor has aided the most in creating a global business environment?

A type of business ownership in which one or more of the owners does not have full liability is

A killing frost destroys 80% of Florida's citrus crop. This will most likely create:

Which is a reason that natural resources are considered limited?

Business ethics involve considering issues about what is:

What is one of the main reasons why businesses need to keep accurate accounting records?

The role of finance in business often involves:

Which is a characteristic of human resources management?

A reason why businesses are required to keep accident records is for:

Which do managers often set in order to control the work effort?

What is one of the most important components of the production process?

Which group of words best describes wants?

Which situations would cause prices to rise?

company decided to sell stock to raise capital. What form of business does the company operate?

How frequently should the operations function which consists mainly of activities, be performed

A manager who helps an employee count the money in a cash drawer and prepare a bank deposit

Businesses use the information collected through the accounting process to prepare accurate:

Which is an example of ethical business behavior?

Assets a company already owns and can use to finance a new venture are called:

According to the marketing concept, which option demonstrates customer orientation?

When prices increase, producers usually:

By purchasing just the quantity of supplies that is needed, purchasing can:

Who decides how goods and services will be marketed in a private enterprise economic system?

A characteristic of a sole proprietorship is that the owner:

Which question should be answered by the purchasing function?

When businesses invest funds to expand, they are involved in the process of:

Which would probably result if a business reduced its marketing costs?

A business that begins selling winter holiday decorations in late autumn, creating what utility?

A local dry cleaner that also launders and presses shirts is selling:

a private enterprise economic system, the interaction of supply and demand primarily determines

Which change provides the most time utility for a consumer?

Businesses not be able to determine if they are meeting their financial goals without accurate:

Which provides government protection of business property?

Which processes turn economic resources into goods and services?

Which is an example of a speculative business risk?

The usefulness of a product to consumers is referred to as product:

For a business, income remaining after payment of expenses is:

Trey compares the prices offered by different vendors for the same goods and services.