Economics
This type of person provides a service without receiving anything in return.
What is a "volunteer"?
Product, place, price, and promotion are known as the 4 P's, but they also go by another name.
What is "the marketing mix"?
The accounting equation (consists of 3 terms)
What is "assets = liabilities + owner's equity"?
Assault and battery are examples of this type of tort.
A person who takes risks in creating, organizing, and owning a business.
Who is an "entrepreneur"?
The point where supply and demand meet.
At least 4 is the number of demographics needed to form this vocab term.
What is "target market"?
A statement that includes revenue and expenses.
What is "income statement"?
Texting and driving is an example of this type of tort.
What is "negligence tort"?
What is "being socially responsible/social responsibility"?
The "boom" is the first step in this vocab term.
What is "the business cycle"?
Facts about a population or group.
What is a "demographic"?
These are examples of 1 component of the accounting equation:
accounts payable, loans payable, wages payable.
What is "liabilities"?
The type of tort where no evidence is needed.
What is "strict liability"?
Travel, lodging, food service, & recreation are the 4 main parts of this vocab term.
What is "hospitality"?
There are 4 steps in the business cycle. Name them in the correct order.
What is "boom, recession, depression, and recovery"?
Surveys are an example of this step of product development.
What is "market research"?
These are examples of 1 component of the accounting equation:
stock, retained earnings.
What is "owner's equity"?
Knowing the difference between right & wrong.
What are "morals"?
TRUE OR FALSE:
An entrepreneur is hardworking and driven.
GDP stands for...
What is "gross domestic product"?
What is "marketing"?
These are examples of 1 component in the accounting equation:
buildings, inventory, cash, land, machinery.
What is "assets"?
These are the 4 groups of stakeholders a company is obligated towards.
TRUE OR FALSE:
A mission statement is kept within a company.
What is "false"?