This is the money that a business has left after expenses.
What is a profit
100
This market allows you to buy and sell goods as you want
What is a free market
100
I founded this company in 1983, and while its stayed small I've been my own boss for 30 years. I run a .....
What is a sole proprietorship
100
These items are provided by nature without human intervention
What are natural resources
100
This economic principle assumes that people buy more products when prices are low
What is the law of demand
200
A company has this when it is the only one selling a product or providing a service
What is a monopoly
200
Food is ____________, your smartphone is a _____________ (2 in 1 answer here)
What is a need/want
200
This is a permanent organization, that stays in business even if the owner dies...
What is a corporation
200
If I am maximizing the efficiency of my workers, what else does that mean I am maximizing?
What is productivity
200
If you want to make the world a better place (and not get taxed by the government) you don't just start a business, you start a....
What is a non profit organization
300
this is the person who organizes, manages and assumes the risk of a business
What is an entrepeneur
300
Communist countries have this type of economy
What is a command economy
300
At the annual meeting, stockholders elect...
What is a board of directors
300
These people have helped shape the development of computer and internet industries around the world.
What are entrepreneurs
300
My company needs gold to make its product, but gold supplies are running low. At the board meeting I will tell them "There is a ______________ of gold."
What is a "scarcity."
400
These are corporate profits paid to stockholders
What are dividends
400
This is the main driving force behind the American economy today
What is the economy
400
If a corporation fails, no one is responsible for its...
What is its debts
400
When governments use these, it is an issue of great debate. One day you will make your opinion heard on it when you vote
What are regulations
400
Government regulations are the main reason we classify the US economy as this...
What is a mixed economy
500
Manufactured goods used to make other goods and services
What is capital
500
The investment firm JP Morgan merged with Boeing Aircraft, which then formed with Citibank to form an ultra-powerful...
What is a conglomerate
500
This business model is forbidden from donating to politcal campaigns
What is a non-profit organization
500
Changes in this code can drastically affect business plans
What is the tax code
500
Without this agency of the federal government, small businesses may not be able to compete in the economy.