Business Vocab
A naturally occurring material or substance that is useful or valuable to humans, such as water, soil, minerals, forests, fossil fuels, and wildlife.
What is a natural resource?
Disadvantages:
The owner accepts all responsibility for business losses. The owner is responsible for raising capital for startup. costs It may be harder to sell the business.
What is Sole proprietorship?
Land, Labour, Capital, and Entrepreneurship are?
What are the 4 factors of production?
2+2
It is the study of wealth and resources.
What is economics?
Advantages:
There is limited liability protection for owners' assets. You are eligible for tax exemption. You are eligible to receive grants. You have diverse fundraising opportunities. Donations are tax-exempt.
What is a Non profit
an economic system that combines elements of both capitalism and socialism, where private enterprise operates alongside government intervention to 'control' and support the economy.
What is a mixed economy?
This Artist's parents are Kerry and Nate
Who is Benson Boone?
A ___ is about lack of a specific product. A ___ is about a general decline in economic activity.
What is shortage recession?
a type business that offers limited liability to its shareholders while allowing profits and losses to pass through directly to shareholders’ personal tax returns, thereby avoiding double taxation.
What is S corporation?
refers to a mutual reliance between two or more countries where the performance of one party directly affects others.
What is interdependence?
This artist made around $16,000-$25,000 per minute while on stage
Who is Playboi Carti?
These questions help societies determine how to allocate scarce resources efficiently. this is an example of what?
What is the three basic economic questions.
What are all the types of functions of management?
Sole proprietorship, Partnership, Corporation, Franchise, Cooperative, Non profit.
___ is the ability to produce more of a good with the same resources, while ___ is the ability to produce a good at a lower opportunity cost.
What is absolute advantage, comparative advantage?
PKR is the currency in?
What is Pakistan?
monetary value of all final goods and services produced within a country's geographic boundaries over a specified period of time, typically measured quarterly or annually. It serves as the most comprehensive indicator of a nation’s overall economic activity and performance.
What is GDP?
This type of corporation is taxed separately from its owners, can issue multiple classes of stock, and faces potential double taxation on both corporate profits and shareholder dividends.
What is a C corporation?
This measure of economic output calculates the total market value of all final goods and services produced within a country’s borders during a specific period, excluding intermediate goods to avoid double counting, and can be measured using the expenditure, income, or production approaches.
What is Gross Domestic Product?
12.82 Euro per hour is the minimum wage where?
What is Germany?