The social environment is the

diversity and characteristics of a specific population

The physical dimension of your business

The law of supply states

increase in demand = increase in supply and vise versa

Market price is determined

by the need and the availability

Profits are defined as

The amount of money you make in a business after expenses

Employers are starting to encourage employees to solve customer complaints on their own

this increases employee loyalty and job satisfaction

The Green movement is

the idea of doing things to benefit the environment

Globalization is the movement toward

a more interconnected and interdependent world economy

Competition is bad because

It can destroy mom and pop stores that cannot compete

What is Financial Capital

The money funding the real capital

Savvy businesses are taking advantage of the

$8 trillion buying power of aging adults

Technology used right can

save a business thousands and create more opportunities

Economics has 2 parts to it and they are

Microeconomics & macroeconomics

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Quiz #1 Intro to Business

44 termsStudBud Administration38 plays

Chapter 1 & 2

Flashcards44 cardsFPractice quizPHost liveL

Questions 44

Answers

1
Supply curve
price rises as demand decreases
prices lowers and demands decreases
Price lowers as demand rises
prices rises as demand rises
2
More productivity = More revenue, which in turn =
Higher out of country GDP
Higher GDP
Lower Pay for employees
Lower GDP
3
disinflation is
rise of prices
decrease in inflation rate
none of these
lowering in prices
4
What is done in an effort to smooth out the swing in the business cycle
increase bonds
Fiscal Policy
decrease GDP
increase money supply
5
inflation is
rise of prices
lowering in prices
none of these
decrease in inflation rate
6
Competition is good because
weeds out bad companies
weeds out bad ideas
destroys the uniqueness of a town
weeds out expensive stores
7
C2C is
Consumer 2 Customer
customer 2 consumer
Consumer 2 consumer
Consumer 2 consumed
8
B2C is
Busyness 2 Consumer
Business 2 Customer
Business 2 consumer
Business toward consumers
9
There are how many types of competition
2
5
6
4
10
What does a CPI do
it tracks the changes in the price of goods & services
none of these
It tracks the changes in supply
It tracks the changes in demand
11
The Fed affects the total
Supply of money
fiscal policy
interest rate decrease
interest rate increase
12
Demand Curve
Price lowers as demand rises
prices lowers and demands decreases
price rises as demand decreases
prices rises as demand rises
13
If the Fed starts selling bonds
interest rates go up
interest rates go down
to support fiscal policy
to support CPI
14
The social environment is the
The specific characteristics of a population
diversity and characteristics of a specific population
The diversity and sexual orientation of the environment
The amount of open mindedness one has towards others
15
The aging population is a part of the
society
green movement
globalization
social environment
16
Money supply has 3 categories they are
M1, liquid assets, M3
Cash, Checks, Eurodollars
Cash, CDS greater than 100,000 and CDs less than 100,000
Eurodollars, M1, M3
17
What is Real Capital
The amount capital you own in person
The total yearly revenue
The physical dimension of your business
The money funding part of the Capital
18
B2B is
Business 2 Consumer
Business 2 Business
Business 2 Busyness
Business 2 Customer
19
There are 3 economic systems they are
communism, market, and mixed
planned, capitalism, and mixed
planned, market, and mixed
planned, market, and socialism
20
The law of supply states
lower demand = increase in supply
increase in demand = increase in supply and vise versa
supply and demand
lower demand = increase in supply and vise versa
21
The selling and buying of bonds is known as the
Federal Funds rate
FED
money supply
CPI
22
If the Fed starts buying bonds
to support CPI
interest rates go up
interest rates go down
To support GDP
23
B2B, C2C, & B2C are parts of
E-commerce
Security
globalization
Social Environment
24
deflation is
decrease in inflation rate
rise of prices
none of these
lowering in prices
25
Market price is determined
by the need and the availability
by the amount of competition
supply and demand
income and expense
26
Technology is the
highest expense for businesses
best thing that happened to business
the single reason why a business fails
the way the world is leading
27
The fundamental concept of economics is
income-expenses=revenue
Microeconomics & macroeconomics
supply and demand
The ability to invest your money
28
Communism falls under which system
Market
capitalism
mixed
planned
29
The CPI is
the consumer price index
the consumer price informational
the consumer prices informational
the customer price index
30
GDP is
gross dominant production
great domestic production
gross dominant product
gross domestic product
31
Profits are defined as
The total money you make in your business
The "net" of your company
The monetary value of your company
The amount of money you make in a business after expenses
32
Capitalism falls under which system
planned
communism
mixed
market
33
Employers are starting to encourage employees to solve customer complaints on their own
this increases employee loyalty and job satisfaction
allows an employer to take more vacation time
tests employs leadership skills
allows employees to become more lazy
34
The Green movement is
The idea of usable water bottles
the idea of doing things to benefit the environment
The money funding the real capital
The physical dimension of your business
35
Globalization is the movement toward
a world economy on a big scale
working with others
a more interconnected and interdependent world economy
working with other governments
36
There are 3 economic indicators what are they
leading, coins, lagging
future, present, lagging
leading, coincident, lagging
future, coincident, economic standing
37
Competition is bad because
It can destroy mom and pop stores that cannot compete
weeds out bad companies
it increases consumers prices
weeds out bad ideas
38
What is Financial Capital
The total yearly revenue
The money funding part of the Capital
The physical dimension of your business
The money funding the real capital
39
Where demand = supply is
where prices are set
the fundamentals of business
the basics of business
the definition of economics
40
Savvy businesses are taking advantage of the
population density
$8 trillion buying power of aging adults
competition that other companies are missing
$5 sub at subway on lunchtime
41
Technology used right can
see into the future
save money and allow people to work harder
increase tax deductions
save a business thousands and create more opportunities
42
Economics has 2 parts to it and they are
none of these
Microeconomics & macroeconomics
income and expense
supply and demand
43
A competitive environment is one where
mom and pop stores don’t exist
people make more money
a free market economy thrives
consumers get good deals
44
A not for profit uses any revenue
toward their expenses
toward advertisement
toward travel fees
toward their mission

Quiz #1 Intro to Business Flashcards | StudBud