Home Library Explore SAT

Home Library Explore SAT

VE EOY 1 Flashcards | StudBud

Explore/VE EOY 1

Comparative advantage means

Someone who can gain or lose from a business is a...

VE EOY 1

10 terms·StudBud Administration·205 plays

Final prep

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Someone who can gain or lose from a business is a...
Customer
Stakeholder
Economic environment
Social Mentor
2
Comparative advantage means
produce what it is good at and buy the rest
watch the global market
a country should produce all of their own products
import all of their products
3
What is this
Business plan
Organizational Chart
Department categorization
Business layout
4
Who is the largest importer in the world today?
United States
Mexico
China
Japan
5
Two basic types of tariffs
Goods and services
Comparative and absolute
General and limited
Revenue and protective
6
What type of corporation is double taxed
S Corporation
C Corporation
Limited Liability Corporation
Sole Proprietorship
7
What would help encourage entrepreneurship?
Develop new policies to reduce free trade
Increase taxes and regulation
Don't allow it other types of businesses
Minimize taxes and government regulation
8
What is the difference between a manager and a leader?
Managers work for stability, leaders embrace change
Managers have autocratic leadership styles
All employees can be managers
Managers are found in a business, leaders are not
9
What is an enterprise zone?
Businesses ran by the government
Government owned property
allows businesses to receive tax breaks for certain areas
Hazardous areas
10
What increases when you continue to run in a budget deficit?
Money Supply
National Debt
Federal capital account
Balance of payments deficit