Management 1
What type of profit consists of economic costs paid to entrepreneurial ability?
Normal profit
What term refers to the form of control one has over land?
Tenure
What derogatory name is given to someone who starts working or continues to work for a firm while a labor union is engaged in a strike?
scab
What is the term for the gradual consumption of a finite resource?
Depletion.
The process of harvesting all trees in a given area.
Clear-cut
A tax whose rates decrease as income rises is called?
regressive
In the United States, what decade did trick-or-treating become widely popular?
1940s
TQM is the acronym for what phrase?
Total quality management
What term describes cash minus futures?
Basis
What business ownership structure provides the least difficulty in intergenerational transfers?
Corporation
What is a legal limit on the amount of a pollutant an individual source is allowed to emit?
Emission standard
What is the name of the program that pays farmers a rental fee per acre for converting farmland into wetlands?
Wetland Reserve Program (WRP)
The _______________Act provides for habitat for animals threatened with extinction.
Endangered Species
What 1966 animated TV special became a nostalgic staple for American Halloween broadcast?
It’s the Great Pumpkin, Charlie Brown
The compensation received by a firm for qualifying losses paid under an insurance program is called:
an indemnity
What type of risk consists of loss of assets to fire, wind, hail, flood, and theft?
Casualty Risk
Vision, mission, objectives, and goals are elements of which of the four functions of management?
planning
What do we commonly call the agreement to exchange debt for a financial commitment to protect a debtor nation's environment?
Debt for nature swap
The amount of soil erosion that will allow production to be sustained indefinitely is known by what letter?
T
The value that people place on knowing future generations will have the option to enjoy something is called:
bequest value
Which U.S. city hosts the largest Halloween parade, drawing over two million spectators and participants annually?
New York City (Village Halloween Parade)
What is it called when borrowed capital is used to supplement and extend the use of equity capital?
Leveraging.
A ________ pill is a strategy used by incumbent managers to stave off a hostile takeover of their firm.
Poison
What type of change is defined as one in the environment that will affect the long-run well‑being of the organization?
Strategic
Subsidies on a good or service based on the reduction of environmental impact
Green subsidies
Zoning, fishing limits, hunting seasons and speed limits are examples of what public right?
Police Power
Cheap synthetic gases that serve as coolants in refrigerators and air conditioners and as propellants in aerosol spray cans, but also are known to harm the earth's ozone are called _________.
CFCs (Chlorofluorocarbons)
Which fast-food chain made Halloween-themed “trick-or-treat pails” a cultural icon in the 1980s and 1990s?
McDonald’s
What is net farm income minus family living expenses and income taxes called?
Addition to owner equity
When conducting strategic cost analysis, the ________ _______ identifies the activities, functions, and business processes that have to be performed to design, produce, market, deliver and support a product or service.
value chain
A firm that produces a wide variety of largely unrelated goods and services is known as?
a conglomerate
What types of values do not depend on human use of natural resources?
Passive use values or Existence values
Required under the National Environmental Policy Act, the _______________ statement characterizes the effect of every federal project on the natural and human environment.
environment impact
The _______ _______ ________ hypothesis asserts that food production keeps up with population growth, but the supply curve is sufficiently steep that food prices increase faster than other prices, thus food affordability is the central concern.
Weak global scarcity hypothesis
It’s the Great Pumpkin, Charlie Brown
Ireland & Scotland