Economics
What does GDP measure?
The wealth of a country or region
Form of business ownership with one single owner.
Sole Proprietorship
Fraud
The 4 Ps
Product, Place, Promotion, and Price
A debt a business has is called this
Liabilities
GDP/Population
Cooperative
Using private information about a public corporation to make trades on the stock exchange is considered this crime.
Insider trading
Promotion
The accounting equation
A= L + OE
If the supply of a product increase what happens to the price
Decreases
The Parent of a franchise is called this.
Franchiser
A certification where products are produced where farmers are well-paid have good working conditions, and benefits
Fair trade
The market segment that focuses on age, ethnicity, and gender
Demographic
If a business has $4000 of liabilities and $1500 of Owner's Equity, what are the value of the assets?
$5500
The economic system that values privatization
Capitalism
McDonald's is these two forms of business ownership
Corporation and franchise
Auditor
The Market Segment that focuses on interests, hobbies, and lifestyle
The gradual decrease in the value of an asset
Depreciation
Another term used for "Socialism"
Mixed
How do you know if a business is a public corporation?
It trades on the stock exchange.
Companies that choose to follow ethical practices will have one of these
A particular group of consumers at which a product or service is aimed.
Target Market
If a business has more expenses that revenue they will experience a
Net Loss