Duplicate of Duplicate of Principles of Business -- Part 2 Final Exam Review

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

The largest source of revenue for the federal government is the

All of the following are non-renewable EXCEPT

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

Valid contracts must have consideration, which is defined as:

A _ is a written contract giving permission to operate a business to sell products & services under a business name.

Generally, you should limit you resume to

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

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

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

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

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

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

In simple terms, _ are what a company owns.

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

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

Location is important to small retail business because

_ are the principles of morality or rules of conduct

Combination of tactical and strategic management is known as

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

Managers typically spend much of their time dealing with

Which is a variable expense?

Antitrust laws protect consumers from all the following EXCEPT

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

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

Services are intangible. This means that

A major advantage of a functional organizational structure is that

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

Gross margin is

When is tactical management BEST used?

GDP measures a country's economic output during

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

If you have a budget, you should

Prepare for a job interview by