Business mangement review for posttest

Which economy is based on meeting people's basic needs?

The staffing mangement function

If everyone had unlimited supply of resources, which would not exist?

Dividing GDP by total population of a country will give you

In the US, you can own anything you want. This is the principle of

The assignment of an employee to another job in the company with similar responsibility

At the peak of the business cycle is

All of the following are blue-collar workers except

All nations must decide

Goods and services sold to other countries are called

This type of compensation method pays the employee a specific amount for each hour worked

Which of the following is one of the service-producing industries

Goods

Which one of the management functions involves analyzing information, and setting goals?

Business activites start with

The way a manager treats and involves employees is called

The difference between $ coming into a country and $ going out is called

All of the following are part of the planning and staffing function except

Another name for the economic system in the US is

The rivalry among businesses to sell their goods & services is known as

People producing goods and services are called

The difference between a country's exports and imports is called

Which of these items would be counted when measuring GDP?

Ethical behavior consists of

The making, buying, & selling of goods & services within a country is called

The combined use of tactical and strategic management is known as

The key effects on a country's level of economic development are

Every business performs all of the following activities except

In every nation on Earth,