Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Things that are required in order to live are known as ?
What is needs
100
The percentage of people not working in the labor force is?
What is unemployment rate
100
Brix Co. ships their bricks to Africa from North Dakota. This is an example of what?
What is exporting
100
What are the four social responsibility issues?
What is Enviroment protection, workplace diversity, job safety, and employee wellness
100
The middlemen that come between Business and Final Consumer are also known as ?
What is Intermediaries
200
What are the steps in the decision-making process
What is: Define the problem, Identify the Choices, Evaluate Advantages/Disadvantages, Choose a Choice, Act on the Decision, Review your Decision
200
In the US, unemployment begins to rise, businesses lower production, and GDP growth slows. This is an example of what in the business cycle?
What is Recession
200
Difference between total imports and exports in a country is?
What is Balance of trade
200
Natural Gas, Oil, and certain minerals can not be replaced. What are these known as?
What is Nonrenewable Resource
200
What kind of business is owned and operated by one person?
What is proprietorship
300
Private ownership over resources by people instead of government ownership.
What is Capitalism
300
Amber's brick company, Brix Co., wants to expand their business. They raise money by selling what?
What is Bonds
300
What do companies and individuals want to avoid when they do business in another nation?
What is Risk
300
What does a copyright do?
What is Protects creative work
300
McDonald's gives the right to use their logo to another business. This is known as what?
What is Franchise
400
Becky purchases toasters at the local Walmart, what is she considered?
What is a Consumer
400
What are the steps in the business cycle?
What is Prosperity, recession, depression, recovery
400
Four main factors when doing international business
What is: geography, culture, economic development, political and legal terms
400
How long does a patent remain effective?
What is 17 Years
400
Three major business ownerships?
What is Propreitorship, partnership, corporation
500
The types of economic systems are?
What is Command, market, mixed, traditional
500
An increase in the general price level
What is Inflation
500
A country places an embargo on another nation, stopping the import and export of bricks. What is this an example of?
What is Trade Barriers
500
An electric company is an example of what?
What is public utility
500
A business owned by two people s known as __?__
What is Partnership
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