Business Funadmentals CPAS review

Which of the following is a commonly used credit card?

Why does the stock exchange seem like a perfect example of a free market economy?

Which of the following is one of the main features of a market economy?

Carefully selecting goods or services to sell is an example of handling business risks by:

A company that owns the product or service and grants the right to another business.

Financial statement that includes assets, liabilities and owners equity.

A marketing function that involves obtaining, developing, maintaining, and improving a product.

Express yourself through body language, such as facial expressions, hand shake, etc.

The department of a business concerned with recruiting and managing employees.

If a risk is small in terms of money, a business may decide to _______ the risk.

You have a smoothie, soda or tea. You don't like tea, so you choose the smoothie.What's the OC

Financial report that summarizes accounting data, balance sheets & income statements.

Legal entity with authority to act and insure liability separate from its owners.

The idea that business's should contribute to the welfare of their communities.

A person's right to sell his land to someone else is an example of?

Wendy's vs. McDonald's and Krispy Cream vs. Dunkin' Donuts is an example of

Automobile manufacturers sell the same product (cars), but offer different makes and models.

Standards of business conduct and moral values.

A business analysis using strengths, weaknesses, opportunities, and threats.

Start a small retail store selling gift items would fall under which market structure?

Which of the following lists the contributors to the GDP?

What is the purpose of the Federal Reserve Board?

The ratio that shows the delivery of an investment by comparing the gains to its cost.

Which of the following is an example of business risk that cannot be covered by insurance?

Which of the following is a sign of economic contraction?

Product, place, price, promotion

Where the communication takes place.

Economic system in which allocation of scare resources is the result of ritual, habit, custom.

When products are available at convenient places, ATM's convenient stores, etc.

The amount remaining when expenses are deducted from gross income.

Knowing you weaknesses, and wanting or being willing to change them.

Which of the following is the socialist element of a social democracy?

The two types of infrastructure that are necessary for a modern economy:

The activities of planning, leading, organizing, and controlling.

Specific, Measurable, Attinable, Relevant, Time.