Intro to Business Midterm Review

A corporation is controlled by this.

Which of the following describes work groups that supervise themselves?

Which of the following is an extracurricular activity?

What are limited resources called?

A written description of a new business venture that describes all aspects of the business

What does a nation have when it spends less than its income?

What is an activity that seeks profit by providing goods or services to others?

What did the Triangle Shirtwaist Factory Company fire spark the nation to examine?

Which of the following is not a reason small businesses fail?

What is a shortage of resources called?

The American Red Cross is an example of which type of business?

What are the raw materials found in nature called?

What is the term for tasks that people or machines perform for payment?

Which is not an advantage of self-managed teams?

What does downsizing cause?

Most businesses police themselves by setting and following this strict set of guidelines

What are most public wants satisfied by?

Which of the following is a license to run a corporation?

What does gross domestic product measure?

Which of the following is a disadvantage of being an entrepreneur?

What are the means to produce goods and services called?

Which of the following is a business owned by two or more persons?

Which is not a style of leadership?

What agency sets and enforces work-related health and safety rules?

What is someone like Jeff Bezos, who started Amazon.com, called?

Ocean Spray, an organization owned and operated by cranberry growers, is an example of this

What must business provide to consumers in order to satisfy their wants and needs?

Which part of a business is the owner responsible for?

TThis lists your skills, education, and work experience.

What is the term for figures used to measure an economic performance?

What is the total amount of money a government owes?