Show:
1. Economic Decisions and Systems
2. Economic Activity
3. Business in the Global Economy
4. Social Responsibility
5. Business Organization
100
What are the 3 Economic Resources?
Natural, Capital, Human
100
The total value of all final goods and services produced in a country during one year is...
What is Gross Domestic Product (GDP)
100
The making, buying, and selling of goods and services within a country is...
Domestic Business.
100
An Agreement to exchange goods or services for something of value, usually money.
What is a CONTRACT?
200
Identify the three types of consumers.
Consumers, Businesses, and Government
200
To calculate GDP Per Capita you must?
What is GDP / Population.
200
This exists when a country can produce a good or service at a lower cost than other countries.
What is an ABSOLUTE ADVANTAGE.
200
This is purely intangible, with no physical characteristics.
What is INTELLECTUAL PROPERTY?
300
What is the basic economic problem?
Satisfying unlimited wants and needs with limited economic resources.
300
DAILY DOUBLE!
IDENTIFY AND DESCRIBE THE 4 ECONOMIC PHASES.
300
A situation in which a country specializes in the production of a good or service at which it is relatively more efficient.
What is Comparative Advantage.
300
The direction for all business comes from?
What is a MISSION STATEMENT?
300
Provide an example of an INTERMEDIARY.
See Mr. N.
400
The value of the next best alternative that you were unable to choose is...
What is Opportunity Cost
400
An increase in the general level of prices, and buying Power decreases is.
What is INFLATION.
400
The use of the same product and some marketing strategies world wide is a ...
What is a Global Strategy.
400
True or False ... Lumber is an example of a non renewable resource.
False.
400
British Airways, Bank of America, NJ Transit are all examples of this type of business.
Service Business or Corporation.
500
What are the 4 economic systems?
What is Market, Traditional, Mixed, and Command.
500
What is the difference between a stock?
Stock - Ownership in a company Bond - The debt of an organization.
500
True or False, creating free trade zones is a way to encourage international trade.
What is True.
500
Removing workplace barriers for women and accommodating employees who are physically challenged are ways a business can contribute to...
What is DIVERSITY?
500
DAILY DOUBLE!!!!!!!
Types of Businesses