stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Business/Entrepreneurship Final Review Flashcards | StudBud
Explore
/
Business/Entrepreneurship Final Review
Business/Entrepreneurship Final Review
25 terms
·
StudBud Administration
·
96 plays
Final exam review for Intro. to Business and Entrepreneurship
Flashcards
25 cards
F
Practice quiz
P
Host live
L
Questions
25
Answers
1
Revenue gained with the production of one additional unit of a good or service
marginal cost
marginal analysis
marginal loss
marginal revenue
2
two or more people making business decisions together & sharing responsibility for the business
corporation
sole proprietorship
limited liability corporation
partnership
3
A type of corporation that protects personal assets is called
limited liability corporation
partnership
sole proprietorship
corporation
4
Encourages people to make the product a part of their daily routine with words like “always”
rituals
fears
social values
emotions
5
How many US States border the Gulf of Mexico
5
4
3
6
6
What is the 11th letter in the alphabet?
H
M
K
I
7
A business wherein a single person makes all the decisions and holds all the liability is
partnership
corporation
sole proprietorship
Limited liability corportation
8
Most entrepreneurs share the characteristics of
PREY
CRAWL
SHOOT
HUNT
9
Implies the product will help the user to avoid negative feelings or increase positive feelings
fears
rituals
emotions
senses
10
A type of business wherein your personal assets are protected, but decisions are group made
sole proprietorship
limited liability corporation
partnership
corporation
11
Factors other than price can effect consumer decisions is known as
advertising
price competition
non-price competition
12
In return for payment of franchise fees, a franchisee is given
a guaranteed profit
exclusive rights to sell the franchised product
complete protectin from business failure
absolute independence
13
Natural resources are which factor of production?
land
capital goods
entreprenuership
labor
14
Encourages use of products that are popular or will improve social status.
emotions
social values
fears
rituals
15
The practice in which the lowest price gets the sale is known as
advertising
price competition
non-price competition
16
All the resources necessary to produce goods and services
factors of production
important stuff
natural resources
production possibilities
17
All the natural physical resources necessary to your product or service are called
important things
production resources
expensive things
natural resources
18
Intelligence, imagination, and ability to take the risks represent which factor of production
capital goods
entrepreneurship
land
labor
19
Steel that is used to produce tools and machinery is classified as a
market good
consumer good
capital good
production good
20
Which of the following is used an an indicator of a nation's economic wealth?
GDP
a TQM chart
underground economy
21
Highlights a negative outcome with or without the product
social values
fears
emotional
rituals
22
Cost of producing one additional unit of a good or service
marginal cost
marginal revenue
marginal analysis
marginal loss
23
A practice in which prices are not used to compete
price competition
advertising
non price competition
24
Tools humans create to make a business more efficient are called (an economic resource)
consumer goods
annoyances
Capital goods
Personality triats
25
The human work that goes into the business is which factor of production
land
entreprenuersip
capital goods
labor
