Principles of Business -- Part 2 Final Exam Review

This work arrangement offers one job to two people, each working part-time.

Generally, you should limit you resume to

If you have a budget, you should

This type of sale is often used when a new store opens or when new products are introduced.

This type of credit occurs when a co. receives goods from a supplier and pays later.

To make the computation of interest easier, a year if often considered as

What is the final stage of the decision making process for buying a product or service?

__ involves analyzing info, setting goals, and making decisions.

If an unreceived or returned item is billed to a credit card, how long do you have to dispute?

A few hours each month that employees can schedule non-job activities is called

When a business expands,

Gross margin is

Which is NOT a goal for the World Trade Organization (WTO)?

The largest source of revenue for the federal government is the

Alexi is looking for a new bank that offers 24-hour services, he is mostly concerned with

A(n) _ is a written contract giving permission to operate a bus. to sell products and services.

When is tactical management BEST used?

Services are intangible.  This means that

Location is important to small retail business because

Financial institutions, government agencies, and customers are all examples of

A _ budget is an estimate of actual money received and paid out for a specific period.

Wages, salary, commission, fees, tips, and bonuses are

A major advantage of a functional organizational structure is that

Assignment of an employee to another job in the co. with a similar level of responsibility is

In the US, police and fire protection is usually provided by

About how many Americans are public employees?

_ is borrowed money which must be paid back later with interest.

An organization's reports, letters, and memos are usually created with

A precise statement of results a business expects to achieve is a

Prepare for a job interview by

Governments borrow money by selling

GDP measures a country's economic output during

All of the following are non-renewable EXCEPT

In the early 1890s, the average person in the US worked how many hours?

Advertising is paid communication and publicity is _ 

Which is NOT an important human relations skill needed my leaders and managers?

In simple terms, _ are what a company owns.

Combination of tactical and strategic management is known as

_ is the amount before deductions or taxes are taken out of a paycheck.

When you decide on a shirt instead of going to the park, you

This type of compensation pays an employee a specific amount of money for hours worked.

Which is a variable expense?

A natural, inborn aptitude to do certain things is called a(n)

A successful budget

Antitrust laws protect consumers from all the following EXCEPT

Valid contracts must have consideration, which is defined as:

_ are the principles of morality or rules of conduct

Retail sales

Managers typically spend much of their time dealing with

This warranty is imposed by law and is understood to apply even though it has not been stated.