A
The creation of usable goods and services is:
production
What do you call a place that people can purchase items
A Market
How many business actions are there?
six
What is the theme for the August 29th football game?
Neon Out
What is something requested to improve quality of life?
A want
A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.
A business
Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?
Human Resource
What is the main goal of a business?
Define industrial.
anything manufactured.
what is liability that extends beyond an individual’s financial investment in a company
unlimited liability
What uses a medium like a website to facilitate the buying and selling of products and services by businesses and consumers?
e-commerce
what is the legal responsibility of an individual (or entity) for actions, debts, and obligations.
liability
What is task performed for monetary compensation?
A service
A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.
A business
What is another name for a buyer?
Consumer
Which business function is a route or plan of action designed to achieve certain goals and objectives?
Strategy
Define commercial
the pursuit of a profit margin
Business structure impacts what two aspects?
taxation and liability
What is something required to continue living?
Need
What provide funds to help run many public spaces and services, support social welfare programs
Taxes
What business activity focuses on the management of the assets, liabilities, and cash flow of an organization, financial analysis, and financial planning of future growth?
Finance
What are the 4 P's under the business activity of marketing?
Product, Place, Price, Promotion
Which business function deals with the daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics?
what is the level of wealth, material goods and the necessities considered to be essential to an individual or group in a particular geographic area
Standard of Living
Which business function is about collecting, organizing, storing, and securing relevant data and information in order to make informed decisions?
Information Management
When starting a business, one of the first things you need to determine is...
Business Structure
Which business function is the enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services to targeted customers for their benefit and for the benefit of society as a whole?
Marketing
Anything that can be bought or sold to satisfy and need or want
a product
What is the process of recording, maintaining, and reporting an organization’s financial transactions and records?
Accounting
What is the easiest business structure to set up?
Sole Proprietorship
which structures have double taxation
C-Corporation
which business structures have pass through taxation?
Sole proprietorship, partnership (GP, LP, LLP) LLC, S-Corp
which structures dissolve if the partner dies?
Sole & General Partnership
which business structure offers limited liability?
LLC and Corporations
which structure has less control but more more ability to raise capital
Corporations
what structure is referred to as a hybrid
Limited Liability Company
which structure can you not pierce the corporate veil?
LLC
which structure must you file Articles of Organization & Operating agreement
LLC
which structure do you file articles of incorporation?
Corporations
What is the max amount of share holders for a S-corp
100
a customized, knowledge-based services provided for a fee is known as
professional
Strategy =
a plan of action
Marketing =
connecting
Operations =
daily actions
human resource =
the people asset