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Digital Oasis
Digital Oasis
23 terms
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StudBud Administration
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It took me so long to make this
Flashcards
23 cards
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Practice quiz
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Questions
23
Answers
1
Enron is guilty for...
Getting too turnt
Misleading shareholders
Lying on financial statements
Unethical culture
2
Supply
is how much the people want and
demand
is how much you have
True
False
3
The amount of money our country
owes
is our...
National Debt
Nutritional Debt
Obama's Debt
$18 Trillion
4
Someone coming to your house and painting your walls for you is an example of...
Painting
Inflation
Good
Service
5
A severe, long-lasting period of negative economic growth...
Depression
Recession
6
Who collects taxes?
Your mom
Government
7
Being ethical is...
Bad
Good
8
A Business Plan...
is about 30 pages long
contains financials, mission, purpose
describes every detail of your company
isn't that important
9
What are characteristics of a
successful
entrepreneur?
Unintelligent
Confident
Persistent
Hard-Working
10
Which one is
not
a type of economy?
Command Economy
Mixed Economy
Astral Economy
Market Economy
11
The Decision Making Process in order
is...
Gather Info, Pros/Cons, Alternatives, Act/Evaluate, Identify
Identify, Gather Info, Alternatives, Pros/Cons, Act/Evaluate
Identify, Gather Info, Alternatives, Act/Evaluate, Pros/Cons
Identify, Gather Info, Act/Evaluate, Pros/Cons, Alternatives
12
The Definition of
Profit
is...
Financial Gain
National Debt
Bernie Madoff
Inflation
13
The FDA stands for...
Food Drag Administration
Food Drug Administration
Food Dingus Administration
Fun Drug Admiralization
14
All of these are economic indicators...
Inflation, Deflation, National Debt, Recessivity, GDP
GDP, Inflation, Standard of Living, CCS, PPI
GDP, Budget Deficit, Unemployment, Inflation
15
Definition of
want
necessary for survival
not necessary for survival
16
A
non-renewable resource
is a resource from the Earth that exists in limited supply
False
True
17
The social responsibility of a business is...
To get jiggy with it
To make living fun
To promote 15-35 year old producers
To help society
18
Why is being unethical in business bad?
People will hate you
You lose all respect and trust
You can lose consumers
You can go to jail
19
How does competition
benefit
society?
Consumers have fun watching competitions
Products are higher quality and cheaper
It doesn't
20
Which terms are all part of the business cycle?
Recession, Depression, Summitational, Fix
Accounting, Sales, Depression, Chocolate
Trough, Depression, Deficit, Altruism
Peak, Trough, Recession, Expansion
21
GDP
stands for...
Grand Dominicity Product
Gross Domentic Product
Great Domestic Product
Gross Domestic Product
22
Gucci ______
Flip flops
Sandals
Earrings
Vesicles
23
What does
scarcity
mean?
Death
Over-supplying
Normal amounts of supplies
Shortage of supplies
