PBMF semester 1 final review 2

Planning and managing the flow of goods, services, and people to a destination is ___.

A share of ownership in a corporation is called a ___.

The numeric system used to classify business and collect economic statistics is called the ___.

The authority structure of a company from the highest to the lowest levels

___ is the process of sending and receiving messages between people of various cultures.

the connection made among nations when economies move goods, labor, & money across borders

Identifies the hierarchy of the employees within a business.

Outlines how company decisions are made

Critical skills necessary to preform the required work-related tasks of a position.

A ___ is a group of countries that have reduced or eliminated trade barriers among themselves.

The shared beliefs, customs, practices, & social behavior of a group or nation is the ___.

The process of controlling and making decisions about a business.

___ directly provide consumers with products that meet their needs and wants.

____ plans are created for the long-term goals of an organization.

The ___ is the difference between a nation's exports and its imports.

A ___ is two or more persons who co-own a business with the objective of earning a profit.

___ is when a business sells the right to manufacture its products or use its trademark.

The movement of money into and out of a business is called _____.

A ___ is the simplest and most common form of business ownership.

The process of gathering and analyzing of information about a business.

The business activity involved in making, buying, and selling product within a nations borders

Private investors who fund start-up businesses are called _____.

A written statement of goals & objectives for a business with a strategy to achieve them.

___ is an asset pledged that will be claimed by a lender if the loan is not repaid.

a group of individuals who make high-level management decisions and establish company policies

A person who starts a new business or purchases an existing business is a(n)

Someone with experience who can provide advice, suggestions, and ideas.

The goods and services produced within a country's borders and sold in another country are ___.

partnership of two or more countries that work together for business purposes is called a

A sentence in a business plan that describes the purpose of the business