POBF CTE Study Guide

Which processes turn economic resources into goods and services?

The reason business's obtain information usually is to apply it in order to:

When Steven asks questions in an open-minded way, he avoids:

What is Mr. Smith's favorite drink?

Why is it important for businesses to store information for future use?

What is Mr. Smith's favorite food

The usefulness of a product to consumers is referred to as product:

When businesses invest funds to expand, they are involved in the process of:

Which do managers often set in order to control the work effort?

Which is an example of a textual graphic that is used in a business report?

One way for businesses to obtain needed information efficently is to:

Which is an example of a short-term objective?

Which is a benefit of putting one's goals in writing?

Which is an external factor that affects market price?

Businesses would not be able to determine if they are meeting their ($) goals without accurate:

By purchasing just the quantity of supplies that is needed, purchasing can:

In order to be understood on the telephone, a businesses's employees should always:

The gov. can borrow money from the private sector in order to pay costs of regulation by:

A business selects goods or services to sell. What type of risk is this business using?

Which group of words best describes wants?

Which change provides the most time utility for a consumer

Information management can be a challenge because:

Maintaining an inventory of supplies helps a business to:

Which is the most efficient to for gathering external information that businesses need?

What is one of the main reasons businesses need to keep accurate accounting records?

A characteristic of a sole proprietorship is that the owner:

What is Mr. Smith's favorite sports team?

What is Mr. Smith's favorite Disney Character?

The primary reason that governments develop workplace health and safety regulations is to:

Some businesses use an automatic reorder system to maintain an adequate:

When organizing information to present in a business report, it is effective to

What is Mr. Smith's favorite store?

Businesses use info collect through the accounting process to prepare accurate:

The role of finance in business often involves:

Which is an example of an economic service?

Many businesses use a variety of security precautions in order to protect the businesses from:

Employees who have innovation skills are able to:

Which would probably result if a business reduced its marketing costs

The first step in maintaining an inventory of supplies for the business is to:

Which is a reason that natural resources are considered limited?

What situation would cause prices to rise?

What is one of the most important components of the production process?

What is Mr. Smith's favorite cereal?

The desire for which item(s) would be considered for a non-economic want?

Assets a company already owns and can use to finance a new venture are called:

the formula that is generally used to measure productivity is:

A major characteristic of a market economy is which type of ownership of property?

The basic role of the United States government is to:

The primary reason customers give for not returning to a business is a lack of:

Which provides government protection of business property