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Career's Semester Test Spring '25 Flashcards | StudBud
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Career's Semester Test Spring '25
Career's Semester Test Spring '25
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1
Definition of REFERENCES
contact info of people who can speak highly of you
people who can say not nice things about you
a picture of good things you have done
nice things your mom/dad says about you
2
Profit Function
Revenue- Cost
Revenue
(#items sold)(unit price)
Cost
3
Find the Revenue Function:
3355
30.50x
3355x
110x
4
What is revenue?
the money you have left over from your paycheck
the amount of money you make in your paycheck before taxes
total income generated from selling products & services
the amount of money left after all expenses are taking out
5
Definition of Bonds
certificate that promises to repay borrowed money in the future
to keep
to build up or collect
free money
6
Revenue function
(#items sold)(unit price)
profit a company makes
cost of all items
Demand
7
What is a commodity?
Any product worth money
Common products
Of raw material that can be bought and sold
Items that can be purchased through the World Wide Web
8
Difference between a job and career?
Job = short term; career = long term
Job = for money; career = for passion
Job = long term; career = short term
Job = hourly; career = salary
9
Definition of Corporation
The levying of two taxes on the same income
A form of business ownership that is owned by stockholders
A permit issued to operate a corporation
United States legislation that serves as a guide for general partnership
10
what is enterpreneurship
studing living things
is money
it is process of stating business
is a process of identifying resources
11
Definition of Ethics
The principles of right and wrong that guide an individual
The stealing of software
The stealing of hardware
Moral principles that govern a person's behavior
12
what is profit?
the money received from customers
the money from selling goods
money left after all the costs are taken away from revenue
the money used to buy goods to sell
13
How are your resume and cover letter related?
Both should be handwritten detailed documents
Both include your signature to signify they're legitimate
Your cover letter highlights your personality and interest in the position
A cover letter includes entire work history, resume does not
14
What is Variable costs?
The foundation of approved accounting methods and practices.
profit after expenses not included in the calculation of gross profit
Costs of production, these can change depending on how many are produced.
profit a company makes after deducting the costs.
15
Cost function
C=-5x+700
C=700+5x
C=-200x+505
C=700x+5
16
Definition of Commision
to overwhelm or suffocate
a book forming part of a work or series.
a person who uses or seems to use alchemy
a sum of money paid to a salesperson for every sale that he or she makes
17
What does the Security and Exchange Commissions (SEC) do?
Oversee security exchanges and more to promote fair dealing.
Investors and Shareholders
Security for businesses.
18
What is cover letter?
A letter for your friend.
A 1-page letter that you apply for a job.
A paper test
A letter
19
Salary Definition
Income earned by actively working at a job
Money earned with little to no active effort
Fixed annual income amount
Money paid by the hour
20
what is fixed costs?
cost that change with output levels
costs that don't vary with output levels
money that has to be paid back
added tax onto a product
21
What is networking in business?
Using the internet for business
Building and maintaining professional relationships
Setting up computer networks
Advertising on social media
22
Definition of Labor?
People with all of the workmanship, skills, and work
The act of performing work at any given time
People with all of the efforts, abilities, and skills
The people who are for hire for work
23
Definition of Skills?
Abilities developed by practice.
Certificates which show you have learnt something.
The (generally positive) characteristics.
What you´ve done in your life.
24
What is the definition of competition in business?
The rivalry among businesses for customers
The relationship between businesses and suppliers
The process of product development
The collaboration between businesses
25
Resumes give your employer a(n)
what a terrible person you are
snapshot of who you are
idea of how unorganized you really are
organized synopsis of what you can do and can accomplish
26
What does a
broker
do?
Manages your bank account
Pays you dividends
Protects your identity online
Helps you legally buy and sell shares