Intro to Business

It is better for a country to have a trade surplus than to have a trade deficit:

Taking a company and its employees in a direction based upon a vision:

A secure box in a bank's vault used for the safe storage of a customer's valuables.

The FTC stands for:

The largest provider of services in the country is the government.

The study of how people interact in the workplace and how communication can be improved:

The ability to act and make decisions without help or advice of others:

Leaders help a company run smoothly.

Giving managers and employees the power to run things and make decisions:

Of the following - Canda, Germany, Mexico, and the US - which is NOT a part of NAFTA?

The internet has created demand for software writers, web page designers, and info technology security experts.

Bartering is a preferred method of exchange, because you immediately have an item that you want.

The central bank of the US is called the:

A _______ is a tax placed on imports to increase their price in the domestic market.

The government employs more than 3 million people.

NAFTA stands for:

The act of a company focusing on the people most likely to buy goods/services:

Money people and businesses pay governments to help run them:

Work groups that supervise themselves:

________ occurs when there are few or no limits on trade between countries.

The act of a small number of companies controlling an industry:

A quota limits the quantities of a product that can be:

What are facts about the population called?

To offer a product in a limited market for a limited time:

A copyright lasts (length of validity in years):

Another name for free-rein leadership is:

Which would NOT be a good example of collatoral?

Computers were first used only by the military.

Of the following - Coca-Cola, Krekels, Nike and Sony - which is NOT a top multi-national company?

Business conducted on the internet is called a VIRTUAL business.

Example of initiative would be figuring out a new and efficient way to handle a problem on your own.

A group of companies that band together to form a monopoly and cut out competition:

A prototype is an actual model of a product, created during product development, used to test a product's design.

A temporary reduction/elimination of tax, meant to encourage or discourage an activity.

An adherence to a code of ethical values such as honesty, loyalty and fairness:

Technology makes business processes faster, life easier, and communication faster/easier.

Gathering an analysis of information on the size, location, and makeup of a market:

Not-for-profit banks set up by organizations for their customers/members to use:

The production, purchase, and sale of goods and services within as single country is called __________ trade.

Goods and services that one country sells to OTHER countries is called:

Disadvantage of self-managed teams is that some people don't have the skills/initiative to work together productively.