Explore the essentials of business with a focus on marketing and finance. This trivia assesses understanding of needs, economic factors, production resources, utilities, and other key concepts, enhancing relevant skills for learners in business disciplines.
Includes the grounds itself, as well as a natural resources, such as water and minerals, used in production.
Someone who organizes the start-up and takes the risks necessary to get a business started.
Involves making products available where consumers want them.
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An organization that uses labor, capital, land, and entrepreneurship to produce goods and services at a profit.
Theory E
Theory Z
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Labor
Human Capital
All of the above
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False
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False
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Human effort or work.
An individual's knowledge and skills that are necessary to produce goods.
Includes those items necessary to produce goods and services , such as building , machines and tools.
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Economic is considered to be a social science.
Businesses are expected to be good citizens, pay taxes and contribute to causes that are importane to the community.
Inflation referes to a continued rise in the price of products.
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Maximize Profits
Including Globalization
Risk
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A time of higher incomes, increased production and lower unemployment.
Occurs when employment and business opportunities begin to increase again and consumers start spending more money.
When business make the most money in sales of products with the lowest expenses possible.
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When resources are readily available, their prices decrease.
When resources are not increase prices.
When resources are scarce, their prices increase.
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Consumer Spending
Production
Income
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False
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Inflation
Income
Recession
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