Forms & Forces
What is Profit?
Money you have left over
What is the first step in the business cycle?
Prosperity
What does a resume get for you?
It gets you an interview
Define collaborate
What is the first thing you should do when handling a customer?
Reassure them
Which form of business fails the most?
Partnership
What does GDP stand for?
Gross Domestic Product
What should you never do on a resume?
You should never lie
What does Force Majeure stand for?
"Act of God"
What are the 2 stakeholders you should always remember?
The business and the customer
Sole prop, Partnership, Corporation, LLC/LLP
What is it called when you are making the most money in the business cycle?
Peak/Boom
Should you put achievments or skills?
Achievments
What is the difference between a closed shop and a open shop?
A closed shop is when you have to join the union and pay the dues, a open shop is when you have a choice to join the Union
True or False. When speaking to a customer you should always use good grammar
True
Which type of business can you get sued personally?
LLC
What are the 3 different kinds of resources?
Natural, capital, and human
Once you have finished college what do you not need on your resume anymore?
Your highschool information
What is a scab?
True or False. It is always good to have patience when dealing with customers
True
Define joint ownership
The ownership of property by two or more people
What is the difference between recession and depression?
One is more server than the other
What should you always aviod when writing a resume?
Templates
Which vocab word means to do the bare minimum at your job
Work to rule
What should you never do when dealing with a difficult customer?
Get mad at them