Show:
Chapter 1
Chapter 2
Chapter 3
Chapter 5
Chapter 6
100
The things you can see or touch
What are goods
100
The increase in the general level of prices
What is inflation
100
Items brought from other countries
What are imports
100
A precise statement of results the business expects to achieve
What is a goal
100
Products or raw materials on hand
What is inventory
200
A type of economy where the resources are owned and controlled by the government
What is command economy
200
Represents debt for an organization
What is a bond
200
The amount a country owes to other countries
What is foreign debt
200
An invention or creation that is brand new
What is innovation
300
When you give up something to have something else
What is trade off
300
A decrease in the level of prices
What is deflation
300
The nations transporatation, communication, and utility systems
What is infastructure
300
People born between 1946-1964
What is baby boomers
300
A written description of the business idea and how it will be carried out, including all major business activities
What is a business plan
400
The things available to be used to produce goods and services
What are factors of production
400
The number that compares prices in one year with prices in some earlier base year
What is the price index
400
An agreement between two or more companies to share a business project
What is joint venture
400
One who has no explicit or implicit contract for long-term employment
What is a contingent worker
400
Money needed to pay for the current operating activities of a business
What is short-term financing
500
Illustrates the relationship between the price of a product or service and the quantity demand by consumers
What is demand curve
500
The rate for time deposits at savings institiutions
What is a certificate of deposit rate
500
Exist when a country can produce a good or service at a lower cost than other countries
What is absolute advantage
500
Written legal document that defines ownership and operating procedures and conditions for the business
What is articles of incorporation
500
Money provided by large investors to finance new products and businesses
What is venture capital