Business Fundamentals
These are things you must have to survive, like food, water, and shelter.
What are needs?
This symbol must be used at the beginning of every Excel formula.
What is an equal sign (=)?
__________ is a free website builder for creating web pages and websites.
What is Google Sites?
This financial statement shows a company’s revenues and expenses over a period of time.
What is an income statement?
__________ is the process of promoting and selling products or services.
What is marketing?
This term describes products or services people buy for personal enjoyment but do not need to survive.
What are Wants?
This type of chart is best for showing percentages of a whole.
What is a pie chart?
This feature in Google Sites allows users to change the appearance and style of a website.
What are themes?
This accounting principle states that a business and its owner are treated as separate entities.
What is the business entity concept?
Businesses must understand what is happening around them in order to survive.
What is the marketing environment?
This law states that as the price of a product increases, consumers usually buy less of it.
What is the Law of Demand?
In a business memo or letter, “Dear Mr. Roy:” is called this.
What is the salutation?
This part of a website helps users move between pages easily.
What is navigation?
Assets must always equal liabilities plus ______.
What is equity?
A commercial made to persuade people to buy a product is called ____________.
What is advertising?
These are two goods that are normally used together, such as a video game, console and games.
What are complementary goods?
In Microsoft Access, this is used to search and display specific information from a database.
What is a query?
This Google Sites feature allows users to connect webpages, files, or outside websites together.
What are hyperlinks?
This account is increased when a business earns money from selling goods or services.
What is revenue?
The four main parts of marketing are product, price, place, and ______________.
What is promotion?
This type of business ownership is owned and operated by one person.
What is a sole proprietorship?
This database function sorts information from highest to lowest or lowest to highest.
What is sorting?
This type of content can be embedded into a Google Site from YouTube or other sources.
What is video?
This financial statement shows a company’s assets, liabilities, and owner’s equity.
What is a balance sheet?
_______ advertising uses sound only to advertise products or services.
What is radio?