A pattern or direction in the way something is changing

What is an Entreprenuer?

Person who takes risks + organizes resources to satisfy need

What is Incremental Problem Solving?

Taking steps toward solving a problem

What is Infrastructure?

An underlying system that helps accomplish a purpose

What is a Virtual Business?

A business that conducted electronically over the internet

Things essential for human survival

What is the Labour Market?

The supply and demand for workers in an economy

What is Credit History?

The past borrowing patterns and transactions of an account

What is an Internal Motivator?

Something within a person that spurs them to achieve a goal

What is Entrepreneurship?

The creation and building of a venture to fulfil a market

Human desires that go beyond needs, not needed for survival

What does Downsizing mean?

To reduce operating costs in an organization

The amount of good or service available

What is Gross National Product?

The total value of all goods produced in a country in a year

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Business

20 termsStudBud Administration281 plays

A #business #blindquiz to help review for the exam!

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Questions 20

Answers

1
Which of the following is NOT a role of an Entrepreneur?
Administrator
Creator
Manager
Innovator
2
What are Trends?
Things people like
What is most popular
crocs
A pattern or direction in the way something is changing
3
Who said "Genuis is 1% inspiration and 99% perspiration"?
Thomas Edison
Mr. Cavasin
Wayne Gretzky
Albert Einstein
4
What is an Entreprenuer?
A type of plant
A person who is from Europe
Person who takes risks + organizes resources to satisfy need
A person who owns and created their own business
5
What is Incremental Problem Solving?
Solving a problem immediately
Not solving a problem at all
Asking for help with a problem
Taking steps toward solving a problem
6
What is Infrastructure?
How a business works
Buildings
A city
An underlying system that helps accomplish a purpose
7
Which is NOT a component of SWOT analysis?
Weakness
Strengths
Thoughts
Threats
8
Which of the following is a Characteristic of Entrepreneurial Ventures?
Cost
Physical/Virtual
Customer demand
Supply/ Demand
9
What is a Virtual Business?
A business ran by robots
A business that conducted electronically over the internet
Amazon
A business with a real storefront
10
What are Demographics?
Games
A presentation
A type of visual aid
Data about groups of people
11
What are Needs?
Things essential for human survival
Things people do for fun
Products people buy
12
What is the Labour Market?
The jobs available in a community
Where you go to get a job
Experience required for positions
The supply and demand for workers in an economy
13
What is Credit History?
Your credit score
The past borrowing patterns and transactions of an account
How long you have had a credit card for
The history of credit cards
14
What is an Internal Motivator?
A person who helps cheer up others
A persons goal
Something within a person that spurs them to achieve a goal
Someone who motivates others
15
What is Entrepreneurship?
A special award
The creation and building of a venture to fulfil a market
Becoming a CEO
Running your own business
16
Which of the following is NOT a characteristic of Entrepreneurial Values?
For profit/ not for profit
large scale/ small scale
service production/good production
fulfilling wants
17
What are Wants?
Things people do for fun
Human desires that go beyond needs, not needed for survival
Luxuries
18
What does Downsizing mean?
To move facilities
To get smaller
To grow your business
To reduce operating costs in an organization
19
What is Supply?
Surplus goods
The amount of demand for a good or service
An alternative good or service
The amount of good or service available
20
What is Gross National Product?
Gross products
The total value of all goods produced in a country in a year
The value of a Country
The value of all goods ever produced

Business Flashcards | StudBud