POBF CTE Study Guide

Which is an external factor that affects market price?

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

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

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

What is Mr. Smith's favorite sports team?

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

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

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

Which change provides the most time utility for a consumer

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

What is Mr. Smith's favorite Disney Character?

Which is a reason that natural resources are considered limited?

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

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

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

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

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

The role of finance in business often involves:

What is Mr. Smith's favorite store?

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

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

A characteristic of a sole proprietorship is that the owner:

Which processes turn economic resources into goods and services?

The basic role of the United States government is to:

Information management can be a challenge because:

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

Which provides government protection of business property

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

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

What is Mr. Smith's favorite cereal?

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

Which would probably result if a business reduced its marketing costs

What situation would cause prices to rise?

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

Employees who have innovation skills are able to:

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

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

Maintaining an inventory of supplies helps a business to:

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

Which is an example of a short-term objective?

Which group of words best describes wants?

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

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

What is Mr. Smith's favorite drink?

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

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

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

Which is an example of an economic service?

What is Mr. Smith's favorite food

the formula that is generally used to measure productivity is: