A McDonalds not directly managed by the HQ of McDonalds is an example of *this*.
What is a Franchise?
100
The purchase of goods from foreign sources.
What is Import?
100
This is the chosen demographic that a company focuses it advertising on.
What is a Target Market?
100
The money made by a company after all of its expenses have been paid.
What is Profit?
100
These are the principles and standards that determine acceptable conduct in business organizations.
What are Business Ethics?
200
Undercapitalization, managerial inexperience, and an inability to cope with growth are examples of *this*.
What are the disadvantages of small business ownership?
200
The Fed uses this policy to control the amount of money in the economy.
What is Monetary Policy?
200
When *this* business concept is properly understood and researched a company is able to determine the "equilibirum price".
What is Supply and Demand?
200
This financial statement shows an organization's profitability over a certain period of time.
What is an income statement?
200
The encompassment of all types of facilitated learning opportunities in the workplace.
What is Training and Professional Development?
300
These are the five advantages to small business ownership as told by the textbook "Business: A Changing World".
What are independence, cost, flexibility, focus, and reputation?
300
This policy is aimed to create healthy economic growth and increase the public good for the long-term benefit of all.
What is Fiscal Policy?
300
These are the "4 P's of Marketing".
What are price, promotion, product, and place?
300
The total amount of money a company receives for selling goods and services.
What is Revenue?
300
The sum of direct and indirect benefits that an employee receives from an employer.
What is a compensation package?
400
A "snapshot" of an organiztion's financial position at any given moment.
What is a balance sheet?
400
When a company sells good to a foreign market?
What is Exporting?
400
Coca-Cola can command a higher price than a generic soda of the same quality because of *this*.
What is brand equity?
400
Phone, utilities, rent, and insurance that a business has to pay on a regular basis are an example of *these*.
What are Expenses?
400
This is a broad concept that concerns the impact of an entire business's activities on society.
What is Corporate and Social responsibility?
500
This is the function of management used to arrange and structure work to accomplish an organization's goals.
What is organizing?
500
This is the function of management that involves the hiring of competent individuals to fill various roles in a company.
What is staffing?
500
This function of management involves working with people to accomplish an organization's goals.
What is leading?
500
This function of management involves setting goals, establishing strategies to achieve those goals, and developing plans to integrate and coordinate activities.
What is planning?
500
This function of management involves monitoring, comparing, and collecting workplace data to keep the organization on course.