Principles of Business -- Part 2 Final Exam Review

Alexi is looking for a new bank that offers 24-hour services, he is mostly concerned with

When you decide on a shirt instead of going to the park, you

This type of sale is often used when a new store opens or when new products are introduced.

Services are intangible.  This means that

This warranty is imposed by law and is understood to apply even though it has not been stated.

A(n) _ is a written contract giving permission to operate a bus. to sell products and services.

About how many Americans are public employees?

In the early 1890s, the average person in the US worked how many hours?

All of the following are non-renewable EXCEPT

An organization's reports, letters, and memos are usually created with

When is tactical management BEST used?

Which is NOT a goal for the World Trade Organization (WTO)?

In the US, police and fire protection is usually provided by

To make the computation of interest easier, a year if often considered as

Antitrust laws protect consumers from all the following EXCEPT

Assignment of an employee to another job in the co. with a similar level of responsibility is

Which is NOT an important human relations skill needed my leaders and managers?

Combination of tactical and strategic management is known as

A successful budget

Generally, you should limit you resume to

What is the final stage of the decision making process for buying a product or service?

If an unreceived or returned item is billed to a credit card, how long do you have to dispute?

This type of credit occurs when a co. receives goods from a supplier and pays later.

A natural, inborn aptitude to do certain things is called a(n)

Retail sales

Advertising is paid communication and publicity is _ 

A few hours each month that employees can schedule non-job activities is called

__ involves analyzing info, setting goals, and making decisions.

A _ budget is an estimate of actual money received and paid out for a specific period.

Governments borrow money by selling

Financial institutions, government agencies, and customers are all examples of

_ is borrowed money which must be paid back later with interest.

This type of compensation pays an employee a specific amount of money for hours worked.

When a business expands,

A precise statement of results a business expects to achieve is a

If you have a budget, you should

GDP measures a country's economic output during

Managers typically spend much of their time dealing with

_ is the amount before deductions or taxes are taken out of a paycheck.

This work arrangement offers one job to two people, each working part-time.

Gross margin is

Prepare for a job interview by

Wages, salary, commission, fees, tips, and bonuses are

In simple terms, _ are what a company owns.

The largest source of revenue for the federal government is the

_ are the principles of morality or rules of conduct

Valid contracts must have consideration, which is defined as:

Location is important to small retail business because

A major advantage of a functional organizational structure is that

Which is a variable expense?