Economic Concepts
The Economic problem of having unlimited human wants and necessities in a world of limited resources.
What is scarcity?
Motivation through outside sources.
What is extrinsic?
A persons overall sense of worth or personal value.
What is self-esteem?
Skills which are needed to be effective in any job market or workplace.
What is employability?
The ability to work effectively and efficiently with others.
What is teamwork?
Amount of a product available to the market; stock.
What is supply?
Motivation occurring internally.
What is intrinsic?
Saying negative things and being critical about yourself.
What is poor self-esteem?
A specific style of behavior in the workplace.
What is professionalism?
Values or standards which direct the way an individual lives.
What is ethical behaviors?
Consumer's willingness to buy a product.
What is demand?
Means obtaining and coordinating resources to meet company goals and objectives.
What is organizing?
The appraisal of your own appearance, beliefs, emotions, and behaviors.
What is positive self-esteem?
The ability to motivate people to accomplish a better result for an organization.
What is leadership?
Ability to solve problems creatively and identify mistakes with efficiency.
What is critical thinking?
Enhances value by supplying consumers with information.
What is information utility?
Determine use of company resources and funds.
What is finance?
Mental picture a person has of himself/herself.
What is self-image?
The ability to cope with job stress which benefits an individuals personal and professional life.
What is stress management?
Activities to persuade consumers they need the product.
What is promotion?
The theories, principles, and models which deal with the production, distribution, and consumption of goods and services.
What is economics?
Getting produced goods and services to consumers in a timely manner.
What is distribution?
A statement showing a strong belief in or dedication to something.
What is affirmation?
An employee prioritizing between work productivity, responsibilities, and their lifestyle outside of work.
What is work-life balance?
A system used to record, classify, summarize, and report the financial position of a business.
What is accounting?