Intro to Business Semester 1 Final Review
Quiz by Jennifer Morris
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50 questions
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- Q1Government spends more than it takes inBudget Deficit30s
- Q2Private ownership of resources by individuals rather than by the governmentCapitalism30s
- Q3The important principles that will guide decisions and actions in a companyCore Values30s
- Q4A separate legal entity, formed by documents filed by the state, which is owned by one or more shareholders and managed by a board of directorsCorporation30s
- Q5Quantity of a good or service that consumers are willing and able to buyDemand30s
- Q6A written description of the business idea and how it will be carried out, including all major business activitiesBusiness Plan30s
- Q7A limit on the quantity of a product that may be imported and exported within a given period of timeQuota30s
- Q8Principles of morality or rules of conductEthics30s
- Q9Goods and services sold to another countryExports30s
- Q10A written contract granting permission to operate a business to sell products or services in a prescribed wayFranchise30s
- Q11Someone who takes a risk in starting a business to earn a profitEntrepreneur30s
- Q12The total value of all goods and services produced in a country in one yearGross Domestic Product30s
- Q13The way people get along with each otherHuman Relations30s
- Q14Goods and services brought from another countryImports30s
- Q15An increase in the general price levelInflation30s