____________________ offers customers 24 hour banking in locations nearly everywhere.
What is an ATM?
100
The study of how to employ resources to produce goods/services & the distribution of those resources among competing groups/individuals.
What is Economics?
100
Any activity seeking to earn a profit by providing a good/service.
What is a Business?
100
The function in business that is responsible for acquiring funds for a business & managing those funds.
What is Finance?
100
A _______________ is a mechanism for exchange between the buyers of a particular good or service.
What is a Market?
200
_________________ are broad, long-term accomplishments an organization wants to achieve.
What are Goals?
200
The foundation of the U.S. economic system. Defined as a free-market economy where business owners make most of the decisions (i.e., what products to produce, who to hire, what price to charge, etc.)
What is Capitalism?
200
A person who assumes the risk of starting a business.
What is an Entrepreneur?
200
A ________________ is a loan that requires the borrower to provide collateral.
What is a Secured Loan?
200
Any paid, non-personal communication thru various media by organizations & individuals.
What is Advertising?
300
Each P (Product, Place , Promotion & Price) makes up the the firm's __________________.
What is a Firm's Marketing Mix?
300
If a ______________ of a certain good/service was to arise in a free-market economy, the price will rise.
What is a shortage?
300
A market or industry in which there is only one producer that can therefore set the prices of its products.
What is a Monopoly?
300
_______________ is anything that people generally accept as payment for goods/services.
What is Money?
300
Where individual producers and consumers control production and allocation by creating combinations of supply and demand.
What is a Market Economy?
400
The organization responsible for conducting monetary policy in the US & controlling the money supply is called the __________________.
Who is The Federal Reserve (The Fed)?
400
An economic system which intrudes the most into people’s lives. More recently, countries with this ruling have experienced severe economic depression.
What is Communism?
400
A detailed written statement including the nature of the business, target market, resources, etc.
What is a Business Plan?
400
A system of ____________________ was established in the US to strengthen the banking system after the Great Depression (hint: It's a Wonderful Life movie).
What is a system of Federal Deposit Insurance Corp(FDIC)?
400
___________________ is face-to-face presentation & promotion of goods/services and the important follow-up.
What is Personal Selling?
500
The OCC (Office of the Comptroller of the Currency) Library Database that might be used in researching the company you choose for your paper.
What is Lexis Nexis?
500
Statistics that show whether an economic system is strengthening, weakening, or remaining stable.
What is Economic Indicators?
500
The _________________ defines a small business as a firm who is independently owned.
What is the SBA (Small Business Administration)?
500
The performance of the US economy relative to other economies determines the strength of the _____________ relative to other currencies.