Intro to Business
A business provides goods and services that satisfy _____ and _______
Needs and Wants
Law of Supply: With all other factors equal, as the price of a good or service increases, the quantity of that good or service that suppliers offer will _______________
Increase
The market value of all final products produced in a country during a specific time period.
GDP
CEO is "Chief Executive Officer", COO is "Chief Operating Officer", CFO is "Chief ________ Officer"
Financial
Which teacher recently turned 26 (last week)
Mr. Milgram
Name a service that is a need
Up to Cherry
Law of Demand: When price increases, the demand or amount of people willing to buy a good ____________
Decreases
The four types of spending in GDP are: Business Spending, Consumer Spending, Net Exports, and _______________ spending
Government
The Forester and Outback were two of the top 25 best-selling cars in the U.S. in 2019. What Japanese company manufactures both of these models?
Subaru
Who is the youngest teacher
Mr. Symok
The difference between income earned and expenses spent in order to produce the product is...
Profit
When the quantity demanded of a good, service, or resource is greater than the quantity supplied
Shortage
The general rise in prices throughout an economy
Inflation
Outside of its home city, the St. Louis Bread Company is more popularly known as what chain restaurant?
Panera
This teacher is in their 8th year at SHS
Mr. Siciliano
The 4 factors of production are ________, Labor, C_________, and Entrepreneurship
Land and Capital
Consumers switching to cheaper products as the price of one product increases.
Substitution Effect
The people capable of working in a country, excluding:
Children
People who are retired
People choosing not to work
Labor Force
What food “d”elivery service was founded in 2013 in San Francisco by Tony Xu? It is the parent company of Caviar.
Door Dash
Mr. Cherry co-taught a non-business class last year, what class was it?
Geometry
This type of Economy is where the government makes economic and business decisions for it's citizens. C___________ Economy
Command
Which type of good decreases in demand when you start making more money
Inferior Goods
The amount you "pay" for the loan, you pay back the principal and any amount over that is the __________
Interest
What year was the Great depression
1929
This teacher is the only one that has not missed a day of school this year yet
Mr. Downey