Economics
_____ is the study of the production, distribution and consumption of goods and services.
What is Economics
____ is the exchange of information from a sender to a receiver.
What is communication
The sole supplier of satellite radio, Sirius, operates in a(n) _____ market.
What is monopolist
When the United States experiences a slowdown in economic activity and GDP goes down for two consecutive quarters, it is called a(n) _______.
What is a recession
____ involve(s) planning, organizing, directing, and controlling a company’s resources so that it can achieve its goals
What is Management
When we plot a supply curve and a demand curve for apples on one graph, the point at which the two points intersect is the _____
What is the Equilibrium Price
Mike will often talk too much and interrupt others. He is guilty of which blocking strategy?
What is dominating
Under the ____ form of ownership, any money borrowed by the business is loaned to the owner personally.
What is sole proprietorship
Under a system characterized by _____ competition, there are many consumers buying a standardized product from numerous small businesses.
What is perfect
As a functional area of business, _____ measures, summarizes, and communicates financial and managerial information and advises other managers on financial matters.
What is Accounting
A demand curve shows the _____ of a product that will be demanded at different prices.
What is the quantity
____ is often cited as a factor in the explosion of the space shuttle Challenger in January 1986
What is Groupthink
A _____ is entirely separate from the parties who own it.
What is a corporation
Because the cost of starting a business in an oligopoly is usually _____, the number of firms entering it is _____.
What is high and low
Businesses such as hospitals, insurance companies, financial institutions, and attorneys convert resources into _____ products.
What are intangible products
The term laissez-faire means that:
What is that the government should leave business activities to function according to the laws of economics
What kind of team would an organization create to manage team members from various states and countries
What is a virtual team
________ are earnings distributed to shareholders by a corporation.
What are dividends
The percentage change in a price index is also known as the _____ rate
What is inflation
When a fast-food chain responds to environmental concerns by eliminating Styrofoam containers, it shows a desire to be a ______.
What is a good corporate citizen
In a(n) _____ economy, the government controls selected major industries, such as transportation and health care, while allowing individual ownership of other industries.
What is a mixed market economy
What are the 5 stages of team development according to Tuckman
What are forming, storming, norming, performing, and adjourning
The purchase of one company by another with no new company being formed is called a(n) _____
What is an acquisition
The U.S. government uses _____ policy regulate the money supply and interest rates.
What is monetary
_____ involve(s) the design and management of the processes that transform resources into goods or services.
What is Operations.