Introduction To Business

Any debt you owe

A common disadvantage of using credit is:

If you earn 12% interest on your account, it will take 6 years to double your money.

An individual who undertakes the creation, organization, and ownership of a business is an

What you want to achieve more than five years from now

Costs that do not change each month

The quantity of goods or services that consumers are willing and able to buy at various prices

The malls are open extended hours during the holidays to satisfy what form of utility?

The resources businesses use to produce the goods and services that people want are

Tangible items that have monetary value are…

Making repairs in a reasonable amount of time. would be considered:

Things people desire beyond survival and basic comfort

Expenses, or items that you spend money on

Based on the rule of 72, money earning 6 percent would take about _____ years to double

Money left over after all expenses of running a business have been deducted from the income

A new business undertaking that involves risk is known as a

Includes income from your job or an allowance

A common moving-in cost for an apartment would be:

These decisions impact how much to charge for goods or services to make a profit

Which of the following employee benefits would a working parent find most useful?

The value of your next best option (what you give up when you choose something else)

A _______ is used to add funds to a bank account.

The investment with the most risk would be:

The agreement between a renter and a landlord is a:

The added value (satisfaction) in economic terms is known as…

A common flexible expense associated with apartment renting is:

Plans for how you will pay for your personal goals

The best way to get your company’s products into the hands of customers is known as…

The difference between your assets and liabilities

The lowest interest rate is usually earned on a:

A ______deposit refers to money held to cover possible damage in an apartment.

Costs that go up and down each month

A blank endorsement allows anyone to cash a check.

A market structure in which a particular commodity has only one seller is a

A service charge on your bank statement will result in:

Items necessary for survival such as food, clothing, and shelter

A spending and saving plan based on estimated income and expenses

A share of stock represents ownership in a company.

Which best defines a Customer Profile?

The study of how people allocate scarce resources to fulfill their unlimited wants is known as

______________ provide “instant refunds” when you pay to have your federal tax return prepared.

Intangible items can be simply described as a

This utility is readily available at a location that buyers would gain satisfaction from

An example of a company’s debt is a:

The marketing mix is made up of the 4 p’s:

Net pay is often called:

What you want to achieve within one week to one year

What you want to achieve in the next two to five years

Items of value that you own