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Business Terms
Business Acts
& Concepts
Profits
Business Laws
More Business Terms
100
The price at which supply equals demand.
What is the equilibrium price?
100
The protection of human health and safeguard the air, water and land throught the EPA.
What is The National Environmental Policy Act?
100
Revenue minus operating costs.
What are profits?
100
The law passed in response to widespread unfair rebate practices on railroads.
What is The Interstate Commerce Act?
100
A person or group that has an investment, share, or interest in something, as a business or industry
What is a stakeholder?
200
Too few resources are available for everyone in the world to consume.
What is scarcity?
200
The regulation of air emissions.
What is The clean Air Act?
200
Jane has opened a business selling defective apple IPADs. She has sold a 1000 IPADs for $2 each, and she purchased them for 50 cent each.
What is $1,500 in profits?
200
In 1890, Congrass the law, which made it illegal for companies to create monopolies.
What is the Sherman Act?
200
Ownership of ideas.
What is Intellectual property?
300
The relationship between companies and their workers and give workers significant rights and benefits, included the right to work in a safe environment.
What is employment laws?
300
Gives the EPA the ability to track the 75,000 industral chemicals produced in or imported into the U.S
What is The Toxic Substances Control Act?
300
Bob has observed Jane sell her defective IPADs and desides to sell defective Mac Book Pro's for $3. Bob purchases 5000 defective Mac Book Pro's for $1, and sells all the defective Mac Book Pro's in the same week.
What is $10,000 Profit?
300
In response to the 2001 Ecron financial scandal, this law was put into place.
What is Sarbanes-Oxley Act of 2002?
300
Decisions are made by managers at various levels within an organizations.
What is decentralization?
400
A word, name, symbol, or slogan a business uses to identify its own goods and sets them apart from others.
What is a trademark?
400
Gives the EPA the authority to set standards on the type of quantity of pollutants that industries can put into bodies of water.
What is The Clean Water Act?
400
John observed Bob & Jane making money off of defective apple products and decided to join the defective movement. John purchased 8000 defective IPAD covers for $1 each and sold all 8000 for $3 each.
What is $16,000 in profits?
400
In 1938, this Act banned unfair or deceptive acts, which included false advertising.
What is The Wheeler-Lea Act?
400
DAILY DOUBLE!!! A system of management based on involving all employees in constant process of improving productivity.
What is total quality management?
500
To manage or control with excessive attention to minor details.
What is micromanagement?
500
DAILY DOUBLE!!! As the price increases, the quantity demanded falls & supply rises. As the price decreases, the quantity demand rises & supply remains constant or falls
What is the Law of Supply & Demand?
500
Jack was frustrated watching everyone make all this money on defective products, and decided to go out and buy 10000 defective IPADs, Mac Book Pros & IPAD covers for 25 cents each in a bundle package. Jack sold all the pieces her purchased for 55 cents.
What is $3,000 in profit?
500
Creditors are required to let consumers know much they are paying in finance charges and interest.
What is The Truth in Lending Act?
500
Giant industrial monopoly.
What is a trust?