stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Intro to Business Flashcards | StudBud
Explore
/
Intro to Business
Intro to Business
25 terms
·
StudBud Administration
·
1,296 plays
review of basic business terms
Flashcards
25 cards
F
Practice quiz
P
Host live
L
Questions
25
Answers
1
The amount of goods available to buy is known as the...
Supply
Goods
Sales
Demand
2
Food, toys, clothes, cars, and other objects I buy are known as...
Goods
Finances
Services
Wasteful
3
Money you keep to use later is known as your...
Loss
Bad Idea
Mistake
Savings
4
If a bank gives me a loan, I am _____________ money.
Keeping
Making
Borrowing
Stealing
5
I am MAKING something I am the...
Service
Producer
Employee
Buyer
6
The company you work for is your...
Loan
Employer
Teacher
Borrower
7
A _______ is something I need to live.
Good
Want
Service
Need
8
If I get a lot of work done in a short time I am...
Fired
On Probation
Slow
Productive
9
If you pay someone to do something for you it is a...
Want
Need
Good
Service
10
Wood, water, metal, and wind are found in NATURE, this makes them...
Capital Resources
Natural Resources
Manmade Resources
Human Resources
11
Finance is the managing of...
Employees
Money
Students
People
12
Someone who takes a risk and starts a business is an...
Fixed Cost
Bankrupt
Entrepreneur
Asset
13
Money made per hour?
Loan
Entrepreneur
Balance
Wage
14
If you HAVE A JOB you are...
Application
Employed
Unemployed
Resume
15
If I am BUYING a good, I am the...
Producer
Loaner
Customer
Boss
16
If you TRADE buying an expensive new car so you can pay for food, this is a...
Demand
Tradeoff
Scarcity
Bad Choice
17
It is a good idea to set up a ____________ so you know how much money you have to spend.
Interest
Debt
Loan
Budget
18
A business owner by 1 person is a...
Proprietorship
Corporation
Partnership
LLC
19
When the supply and demand are EQUAL it is known as...
Shortage
Good
Equilibrium
Service
20
A small business has less than how many employees?
100
2000
40
500
21
The amount of money a business makes is known as ...
Profit
Want
Loss
Liability
22
Something you own is an..
Action
Asset
Want
Need
23
Money you borrow but need to pay back is called a...
Scholarship
Loan
Gift
Default
24
A Financial Statement that shows how much income a business has made this year is an...
401(K)
Occupancy Permit
Application
Income Statement
25
The amount of money I OWE is my...
Debt
Income
Application
Wealth