The process of creating, growing, manufacturing, or improving on goods and services.
What is production?
100
is the simplest business form under which one can operate a business.
What is a sole proprietor
100
If the price is low enough, demand for a product is high. If the price is high, demand will decrease.
What is the demand theory
100
EEOC
What is the equal employment opportunity commission
200
Examples include paying bills, collecting money from customers, paying taxes, preparing employee payroll checks, reconcile bank statements, invest cash, purchase inventory.
What is accounting finance examples
200
a business or firm owned and run by two or more partners.
What is a partnership
200
slight change in price creates a large change in demand
What is elastic demand
200
Attributes of a product or service that make it capable of satisfying needs or wants
What is utility
200
environmental protection agency
What is EPA
300
Makes sure that the organization meets its goals and obligations
What is management
300
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
What is a corporation
300
change in price has very little effect on demand
What is inelastic demand
300
• Necessary to make products that will satisfy our wants and needs
What is economic resources
300
Written regulations and laws that define how property in specific geographic zones can be used.
What is zoning laws
400
maintains email accounts, software applications, processing system, hardware for all technology used
What is information technology examples
400
• Gives limited liability to the employees of the business
What is LLC
400
the amount of goods producers are willing to make and sell
What is supply theory
400
land, labor, and capital
What is economic resources
400
The goals of the U.S. economy are to boost productivity, maintain fair and affordable prices, and to lower unemployment
What is the unites States economy
500
Satisfies the needs and wants of customers through exchange
What is marketing
500
• Clear line of authority and responsibility
• Responsibility coupled with authority
• Accountability moves upward
What is the keys to organization
500
Four factors that determine if a price will have elastic or inelastic demand
What is Are substitutes available if price goes up, Is price relative to your income, Is the product a luxury or necessity, Is the purchase an emergency
500
form, information, time, place, possession
What is types of utility
500
the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes.