The Green movement is

the idea of doing things to benefit the environment

Technology used right can

save a business thousands and create more opportunities

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

this increases employee loyalty and job satisfaction

Economics has 2 parts to it and they are

Microeconomics & macroeconomics

The law of supply states

increase in demand = increase in supply and vise versa

The physical dimension of your business

Savvy businesses are taking advantage of the

$8 trillion buying power of aging adults

What is Financial Capital

The money funding the real capital

price rises as demand decreases

Profits are defined as

The amount of money you make in a business after expenses

The social environment is the

diversity and characteristics of a specific population

Competition is bad because

It can destroy mom and pop stores that cannot compete

it tracks the changes in the price of goods & services

Market price is determined

by the need and the availability

Globalization is the movement toward

a more interconnected and interdependent world economy

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Quiz #1 Intro to Business

44 termsStudBud Administration38 plays

Chapter 1 & 2

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Questions 44

Answers

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

Quiz #1 Intro to Business Flashcards | StudBud