Unit 2 Vocab Quiz (Ch.4-8)

A general increase in prices and a fall in the purchasing value of money is called:

The individuals who represent stockholders and make high-level policy and management decisions for a corporation are

Which is NOT a representative of a demographic segmentation?

The system of recording, summarizing, and analyzing business and financial transactions is known as?

What business ownership is owned and operated by a single individual?

what is a list of business's employees and how they are to be compensated?

Which of the following describes a report portraying details about a typical customer?

What business ownership form is often called a co-op?

Which of the following is the process of promoting, selling and distributing a product or service?

A traditional business serving customers in a physical building is known as what?

What is a detailed estimate of income and expenses for a specific period of time, typically a month or year?

When an entrepreneur takes out loans to finance business ventures it is called:

Which of the following is NOT included in a SWOT analysis?

Which of the following statements indicates how much money comes into and out of a business?

What is the numerical summary (adult GPA) of the information contained on a person's credit report?

What type of expense is the same amount each month?

Which is NOT a type of business budget?

Which of the following terms represent "getting a bigger piece of the pie?"

A type of business that sells directly to consumers is called:

When many businesses in a market are selling products that are slightly different from one another, this is called a: