Show:
Vocabulary
Terms
Business & Economics
Famous names and companies
100

blank are the items a business uses to conduct business, such as equipment, inventory, and intellectual property

What is an asset?

100
the state of being responsible for something
What is liability?
100
The primary goal of all businesses
What is to earn profit
100

what is the highest vauled stock as of right now. 

Berkshire Hathaway

200
Two companies combining to form a new company.
What is a merger?
200
The process of dealing with or controlling things or people
What is management?
200

A good or service with tangible and intangible characteristics that provides satisfaction and benefits. Is what a company would "Sell" 

What is a product

200

What does CEO stand for

chief executive officer

300
A person who organizes and manages any enterprise, usually with considerable initiative and risk.
What is a entrepreneur?
300
The sale of goods and services to foreign markets
What is exporting?
300

The study of how resources are distributed for the production of goods and services within a social system

What is the study of economics

300

who is Tim cook

CEO of apple

400
A written description of a new business venture that describes all aspects of the business.
What is a business plan?
400

What does ROI stand for

Return on investment 

400
The funds used to acquire the natural and human resources needed to provide products.
What is capital
400

who owns Berkshire Hathaway

Warren Buffet

500
Rivalry among businesses.
What is competition?
500
Businesses owned and operated by one individual.
What is sole proprietorship?
500
An economic system in which the government owns and operates basic industries but individuals own most businesses.
What is socialism
500

who is Sam Altman

creater of open AI