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unit 2
unit 2
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Flashcards
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Questions
20
Answers
1
True or False: LLC means legal business entity that offers owners limited liability protection.
True
False
2
True or False: Ethical companies are proactive?
True
False
3
How does finance and accounting ensure that a business remains profitable?
Management
Law
Financial statements
Analyzing
4
What are one of the Decision Making Process?
staging process
Finance & Accounting
Identify the options available
selling
5
True or False: Generation X People are born between 1965 and 1980.
True
False
6
What does Partnership mean?
More than one person shares the business decisions and outcomes.
services
Common in industries like agriculture, retail,or credit unions
Easiest and most popular form of business to create
7
meaning of Private Sector?
playing around
The Right to be Informed
Businesses not associated with government agencies
Ethics
8
WHAT ARE THE FUNCTIONS OF BUSINESS?
The Right to be Informed
LLC,Ethics,,Management, services
Production & Procurement,Marketing,Finance & Accounting,Management
Learning, Marketing, Pricing, Logo
9
What is industrial market based on?
Consumerism
Customer satisfaction is directly related the the product’s perceived value
demand derived
Customer service
10
True or False: All functions in management involve decisions like service making and follow the decision making process
False
True
11
What is the word for the definition? A business owned and operated by a group of individuals for their mutual benefit
Services
General Partners
Cooperative
FINANCING
12
What is one example of CSR issues?
Fishing vs. Ecology
Receipts & Management
Concepts
service
13
What is an example of Limited Liability Company
Crabs
Water
Lemonade stand
Cheese burgers
14
What is EXTRACTORS?
Businesses that build structures or produce goods for sale.
web casting
Businesses that take something from the earth or sea.
lawyers
15
What is Procurement?
services
Easiest and most popular form of business to create
Sourcing the necessary materials and resources to produce those goods
Ethical companies are proactive.
16
True or False: Law requires that at least one partner is a general partner?
False
True
17
Which one is the Consumer Bill of Rights
being quiet
Price Gouging
The Right to be Informed
Ethics
18
True or False:The white population is not the largest ethnic market (58%) and the only one that is declining.
True
False
19
True or False: Boomers is known for their economic prosperity, suburbanization and the rise of consumer culture
False
True
20
Which one is part of Ethical Issues?
High-pressure selling tactics
Privacy of consumer data bases
candy
The Right to be Informed
