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Intro to business Flashcards | StudBud
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Intro to business
Intro to business
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Answers
1
a blue collar jobs are...
when you have to wear a blue collar ot work.
when you have to wear a white collar in your job.
a job that you have to wear a uniform or work cloths&involves manual labor
job that dosn't involve manual labor or wearing of uniform or work clothes
2
economic systems in which individuals own and operate businesses is...
Market Economies
Circular Economy
comand economy
economic systems
3
A business owned by stockholders who share in its profits but are not personally responsible for its debts is called...
a Corporation
workplace
what people work for
blank
4
what is a recovery?
a decline in business activity after a recession or depression
a rise in business activity after a recession or depression
when things start getting better
after a recession or depression
5
labor that requires specialized skills and training is what kind of labor?
semiskilled labor
skilled labor
professional labor
unskilled labor
6
price
a stupid concept
how much something costs
that which is given up in an exchange to acquire a good or service
how much money you give over
7
leading
taking charge
having to do all of the work
- setting standards- delegating work- enforcing policies- resolvs conflicts
providing direction and vision
8
what is it called when one person owns a business?
not having a partner
Sole Proprietorship
something
one and only best person
9
supply
The amount of goods available
how much is wanted
how much you have
part of supply and demand
10
Linear economy
Take, make, dispose
type of economy
introduction, groth, maturity, decline
Empty choice
11
prosparity is...
a kahoot qustion
the state of being successful
being the best
making money
12
people are starting to lose intrest in the product, and sales are decreasing is...
groth
revenew
decline
going down
13
the price at which the quantity demanded equals the quantity supplied is called...
supply and demand
equilibrium price
price
Growth
14
orgnizing
putting stuff away
manager is responsible for organizing people, works processes & equipment.
Getting resources arranged, orderly & functional way to accomplish goals
contucting an event
15
A business in which two or more persons combine their assets and skills is called a partnership.
True
False
16
Economics
Study of how people seek to satisfy their needs and wants by making choices
how people can support themselves
the class systme
some sort of study
17
Product Life Cycle
Take, make, dispose
the life of a product
The stages a product or service goes through during its lifespan.
introduction, groth, maturity, decline
18
an economic system in which the government makes all economic decision
Market Economies
comand economy
Circular Economy
economic systems
19
What is a Recession?
A slowdown in a nation's economy
the state of being successful
A business owned by one person
a rise in business activity after a recession or depression
20
demand
Empty choice
how to pay for something
gimmie gimmie
the desire to own something and the ability to pay for it
21
anyone age 16 and over who is looking for a job or already has one. not millitary personnel,volunteers,prision inmates
work force
labor force
Empty choice
who works
22
what is a depression?
A long-term economic state with unemployment,low prices&low levels of trade
Mental illness
no money
a hole in a object
23
a white collar jobs are...
when you have to wear a blue collar ot work.
when you have to wear a white collar in your job.
job that dosn't involve manual labor or wearing of uniform or work clothes
a job that you have to wear a uniform or work cloths&involves manual labor
24
the liability of a firm's owners for no more than the capital they have invested in the firm is...
limited something
why dose this matter
limited libility
idk
25
workers with enough mechanical abilities & skills to operate machines that require a minimum amount of training is...
unskilled labor
professional labor
semiskilled labor
skilled labor
26
Controlling
blank
being bossy
keeping the company on track and making sure goals are met
monitoring performance,comparing goals & taking corrective action needed
27
work that requires advanced skills and education is what kind of labor?
skilled labor
semiskilled labor
unskilled labor
professional labor
28
labor that requires no specialized skills, education, or training is what kind of labor?
skilled labor
professional labor
unskilled labor
semiskilled labor
29
Offshoring is exporting U.S. jobs to lower paid employees in other nations
False
True
30
this is whatgovernment agency,regulates the amount of money,controles interest rates,controls the amount of money loaned
the federal reserve
blank
controlle
a way of bussniss
31
Middle Managers
Are often responsible for various department in a business.
the middle man
a managers who carries out the decisions of top managers
a manager
32
the skills and knowledge gained by a worker through education and experience is called human capital
True
False
33
Four Functions of Management
1. Planning2. Organizing3. Leading4. Controlling
1. Planning2. Organizing3. Leading4. Contortion
1. Planning2. Organizing3. Following4. Controlling
1. Playing2. Organizing3. Leading4. Controlling
34
business cycle is...
how business works
Fluctuations in economic activity, such as employment and production
the business cycle
like the rain cycle but business
35
Planning is...
making a plan
act or process of creating goals & objectives. the strategies to meet them
figuring out resources that are needed & the standards that must be met
planning
36
diagram that shows structure of an organization,classifications of work & jobs,& the relationships among classifications
organization chart
a list of who works for who
idk
some sort of chart
37
the methods societies use to distribute resourc
comand economy
eseconomic systems
Circular Economy
Market Economies
38
what is unlimited liability
insurness
owner is fully responsible for all losses and debts of the business
idk
Empty choice
39
A business that is owned by the members it serves and is managed in their interest. is called a ...
cooperative
company
group
blank
