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Business > First test > Flashcards

First test Flashcards

1
Q

Balance of trade

A

Exports - Imports

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2
Q

Export

A

Goods out

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3
Q

Import

A

Goods in

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4
Q

recent small business startup trends

A

Ebusiness

Someone from corp leaves and starts their own business

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5
Q

cooperative

A

a group agrees to work together for common benefits

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6
Q

corporation

A

business is separate from its owners

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7
Q

business plan

A

a document about the entrepreneurs new business strategy

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8
Q

organizational stakeholders

A

people who are directly effected by an organizations practices

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9
Q

Surplus

A

quantity exceeds demand

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10
Q

shortage

A

not enough supply to meet demand

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11
Q

monopoly

A

one person or company has control over a product

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12
Q

planned market

A

relies on government to control all or most factors of production

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13
Q

communism

A

government owns and operates all factors of production

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14
Q

free market

A

no government interference with business

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15
Q

gross national product

A

total value of all goods and services produced

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16
Q

due october 13

A

three page summary

17
Q

Freedom industries

A

dumped chemicals in water

18
Q

housing market crash

A

zombie titles, gave people mortgages they couldn’t afford people leave, cancel foreclosure, people don’t know and still have to pay taxes on it but don’t know

19
Q

goldman sachs

A

bought all aluminum and stored it and drove it around and made crazy prices and then sold it.

20
Q

in state per $ per class

A

$23

21
Q

out of state $ per class

A

$50

22
Q

Slavery

A

$90 per slave

23
Q

B&E Center

A

employers are looking for professionalism and business acumen (quickness in understanding and dealing with a business situation)

24
Q

Women Entrepreneurs

A

often overlooked and exist in 3rd world countries

25
Q

Economics Speaker

A

how much they make 54000 w/ BS - more lucrative to have an MA

Business (4 decks)

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