7th 12

Question 1

measure of profit as related to the possibility of loss of the investment

Answer 1

risk return ratio

Question 2

person who organizes, creates, and operates a business

Answer 2

entrepreneur

Question 3

usually involves quiet deliberative thought

Answer 3

creative process

Question 4

events by chance in a happy or beneficial way

Answer 4

serendipity

Question 5

conduct of profit solely through the internet

Answer 5

e-business

Question 6

knowledge dealing with applied sciences, especially in industry

Answer 6

technology

Question 7

governmental system that often shows or impedes progress

Answer 7

bureaucracy

Question 8

efforts of two or more parties acting independently to secure the same goal

Answer 8

competition

Question 9

scientific, technical, medical training is sold

Answer 9

information business

Question 10

old form of management; status given to those with experience

Answer 10

hierarchy

Question 11

activities followed by a firm to deliver their product or service to the market

Answer 11

value chain

Question 12

goods or services obtained by an external supplier

Answer 12

outsource