Chapter 1
This is what basic economic problems stem from.
What is scarcity?
This is what the general increase of prices is known as.
What is inflation?
This is the primary focus of careers in General Management.
What is maintaining employees, policies, and procedures
This is the main focus of careers in Business Information Management
What is analyzing business problems and finding solutions?
This career researches business problems and determine possible solutions.
What is Systems Analyst?
Sunlight is an example of this.
What is natural resource?
This is what GDP stands for.
What is Gross Domestic Product?
A Bachelor's degree in business administration is preferred for this career.
What is CEO?
This is what Financial Analysts research.
What is economic and financial developments?
This is the primary role of a Hospital Manager.
What is planning and overseeing medicine and health services?
In this kind of economy, goods and services are produced the way they always have been.
What is traditional economy?
This is a period marked by a prolonged period of high unemployment, weak consumer sales, and business failures.
What is depression?
This career's primary responsibilities are overseeing communications and media relations
What is Public Relations Manager?
This is the education required for a Marketing Analyst.
What is a bachelor's degree in marketing?
This refers to the salaries and wages, as well as investment income and government payouts to individuals.
What is personal income?
This occurs when you give something up to have something else.
What is trade off?
This financial situation occurs when a government spends less than it takes in.
What is budget surplus?
This career's primary responsibilities are overseeing programs to reduce financial risk and losses
What is a Risk Manager?
This career reviews budgets, examine for completeness, accuracy, and conformance
What is Budget Analyst?
The point where the supply curve and demand curve intersect.
What is equilibrium point?
This is the process of deciding which wants will be satisfied.
What is economic decision making?
This is the comparing of prices of goods and services in one year with prices in some earlier year.
What is price index?
This career is responsibilities around personnel involves direct and evaluating work.
What is Hospital Manager?
This is the primary role of a Management Analyst
What is collecting and organizing information on management problems?
This is Mrs. Livesey's husband's name.
Who is Mr. Mitchell?