Intro to Business - Chapter 1 Business Basics

Which of these qualities BEST explains why a specialty shop is often classified as a local business?

Which of the following is an example of a natural resource that would be used in the building of a house?

You can practice information security measures by changing your online password regularly.

As a student, it is important to set financial goals as soon as you graduate and get a full-time job.

Some companies fail because they have not kept pace with the latest technology.

Facebook Marketplace is an example of...

Keeping up with new technology is ________.

Local businesses are more likely to be undercapitalized than a multinational business.

Car Insurance is an example of a good.

Which of the following problems is potentially posed by an aging population?

Any profits generated by a non-profit organization must be turned over to the government.

A national company must follow the laws of where it is headquartered, not the states where the company does business.

Jo called an electrician to repair some appliances in her home. Which of the following terms BEST describes the repairs?

Which of the following is the process by which products, information, and money move between supplier and consumer?

Which of the following include all the various resources used to create a company's goods and services?

What are the physical products that a business offers referred to as?

Social Media can have both positive and negative impacts on business.

What is the collection of ideas and knowledge people contribute to a business's production?

Which of the following occurs when a company's revenue is greater than its expenses?

When a business is profitable, the whole society benefits because of the increase in spending and income in the economy.

Which of the following is an example of real capital?

Which of the following best explains the nature of a multinational company?

A CVS/pharmacy store is an example of a ________ business.

Which of the following describes how profits are used in a non-profit organization?

As more profit is generated, a company is able to increase its productivity.