Quiz: Principles Of Business: Marketing, And Finance Trivia!

True

False

Consumer Spending

Production

Income

True

False

Labor

Human Capital

All of the above

True

False

True

False

True

False

When resources are readily available, their prices decrease.

When resources are not increase prices.

When resources are scarce, their prices increase.

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.

True

False

An organization that uses labor, capital, land, and entrepreneurship to produce goods and services at a profit.

Theory E

Theory Z

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.

Inflation

Income

Recession

Maximize Profits

Including Globalization

Risk

True

False

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.

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.

True

False

True

False

True

False