Barter and Money
barter is
the exchange of goods and service for another goods and service without the use of money
A one-man business
sole trader
a system of ritual
traditional
The area that deals with the financing of the business
Accounts
A leader who allows employees to be part of the decision-making process
Democratic
Anything the is generally acceptable and used a medium of exchange is called
Money
KFC, Pizza hunt, burger king are all example of
Franchises
Most of the economy is the Caribbean used this economic system
Mixed
The function that makes future plans
Planning
A leader that leads by giving orders
Autocratic
Function of money that allows you to pay for goods/ services later
a means of differ payment
A company with serval branches across the world
Multi-National company
This system is based on demand and supply of the market
Free market
Finding the right person to fill the various position is call
Staffing
Allows the employees to do what they want, when they want
Laissez-Faire
A major problem of the barter system
double coincidence of wants
A business that sells their shares to the public
Public limited company
This system the government makes all the decision
Planned
The department that deals with the welfare of staff
HR
leads by their charm
charismatic
Can be easily carried around is which characteristic of money
portable
Partnership and sole trader has this type of liability
unlimited liability
An economics system arranges
The factor of production
The four main functional area for the business
Production, sales, Marketing and Hr
The characteristic that speaks to the uprightness of the leader
Honesty