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7th grade Exploring Economic Systems Flashcards | StudBud
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7th grade Exploring Economic Systems
7th grade Exploring Economic Systems
12 terms
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StudBud Administration
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Questions
12
Answers
1
This is an example of what?contributing to the success of the team, assist others, request help
positive work ethic
diversity awareness
teamwork
integrity
2
A company's good reputation and goodwill can be lost quickly because of
unethical behavior
government regulations
ethics
philanthropy
3
This is an example of what? comes to work every day on time and motivated to accomplish tasks
teamwork
integrity
diversity awareness
positive work ethic
4
The Federal Reserve regulates money, sets interest rates, and supplies paper currency.
False
True
5
A key element in a market economy between similar businesses is
low prices
exporting
service
competition
6
This is an example of what?abides by workplace policies and laws and demonstrates honesty
integrity
teamwork
positive work ethic
diversity awareness
7
This is an example of what?works well with ALL customers and coworkers in or out of a team
diversity awareness
integrity
teamwork
positive work ethic
8
The amount of goods or services that consumers are willing and able to buy is determined by
supply
demand
price
quality
9
The amount of a good or service that producers are willing to provide is called
volume
inelastic demand
service
supply
10
If the demand for a product is high and supply is low, you can command a
high price
discount price
low price
markdown price
11
Anything of value that a business owns is called a(n)
asset
liability
12
Achievement, recognition, and advancement that encourage employees to better perform are called
flextime factors
performance factors
motivating factors
hygiene factors