Show:
Business Structures
Consumers
Social Systems
Business
Anything Goes
100
A separate legal entity owned by its stockholders and established through an application for a business charter in the state in which they do business. Characteristics include : easy access to capital through stock sales and legal protection for stock owners.
What is a Corporation. e.g.) Nestle, Inc.
100
What does a consumer do that's good for our economy?
What is spend money on goods or services.
100
The free enterprise system characterized by competition between producers.
What is Capitalism!
100
This organization educates consumers and handles consumer complaints.
What is the Better Business Bureau (BBB)
100
A professional who organizes, prepares, and interprets a company's financial data. e.g.) C.P.A.
What is an Accountant or Certified Professional Accountant.
200
A business that produces finished goods using raw materials and sells the products to wholesale or retail markets.
What is a Manufacturer.
200
One who buys goods or services.
What is a consumer (you).
200
Several businesses sell the same product to consumers. This is an economic condition called?
What is Competition
200
An assumption that business holdings exist independently of personal property. Hint: Two Words
What is Business Entity
200
The quantity of merchandise or stock on hand by business.
What is Inventory.
300
When two or more people engage in a business. A legal agreement between owners is necessary.
What is a Partnership.
300
A consumer experiences a problem in a store. What should he/she do first?
What is explain the concerns to the seller, first, to get it resolved.
300
A person is paid a salary for his work in a factory. Another term for this is called? Hint: Begins with an E
What is an Exchange.
300
Money or other assets that investors, banks, or business owners put into a business.
What is Capital!
300
The largest employer in the U.S.A.
What is Government: Local, State, and Federal
400
A type of business that purchases FINISHED goods for resales to customers at a markup or profit. Hint: M
What is Merchandiser.
400
Any person, company, or other institution that owns at least one share in a company. May also be referred to as a Stockholder.
What is a Shareholder.
400
An economic system in which businesses and consumers are free to buy, produce, and sell products in the manner in which they choose.
What is the Free Enterprise System
400
Permission to form a corporation granted by the state in which they do business and establishing the business as a separate legal entity.
What is Corporate Charter.
400
A business that spends more than it earns thereby operating with a negative cash flow or deficit.
What is Loss
500
What is an owner who wants to start a small business owned by one person, himself. Characteristics include easy start-up, owner keeps all the profits, pays the taxes, and is responsible for all liabilities/debts for the business.
What is a Sole Proprietorship.
500
Why start your own business?
What is keep the profits $$ for yourself and make money!
500
The amount of money earned over and above the expenses laid out for materials, salaries, and overhead costs.
What is Profit Motive
500
A person who transforms an idea for a product or service into a operating business. e.g.) Mr. Zuckerberg
What is an Entrepreneur!
500
What industry is a business in that provides LABOR for which they are paid rather than producing physical goods?
What is the Service Industry! e.g.) Jim's Auto Repair, Jane's Daycare