Business Essentials 2.05

Trash pickup legally controlled by one company is

One of the main principles of the private enterprise system is

People who go into business know that the business may not succeed. This possibility is called

Holding an annual meeting in a less dangerous place is

What activities are likely to increase a firm's profit?

The act of reducing or removing risks by shifting the risk factor to someone else is

In business terms, what is profit?

Which of the following is a pure business risk?

What category of business risk includes production problems and incompetent employees?

Which of the following is a situation in which people are out of work and can't afford "extra" purchases

Burger King and Hardee's are examples of

The auto and pharmaceutical industries are examples of

Which of the following is a general benefit that profit provides

The amount of money paid for raw materials and products sold is called

A popular product is said to be

A business that has a special sale AND delivery service is using ____

To use resources wisely, business owners must reduce

Movie theaters and pizza places are

Gross profit shows business owners the difference between what they've

Type of market structure most commonly found in a private enterprise economy

Factors that affect profit and can usually able be controlled by the business

This law prevents monopolies from forming and hinders price fixing

In business terms, income is the money

A tornado that destroys a business is a(n)

The money spent to run a business is called