POB OBJ 5.02 CD Vocab

POB OBJ 5.02 CD Vocab

Assessment

Flashcard

Business

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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13 questions

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1.

FLASHCARD QUESTION

Front

Business risk

Back

Possibility of loss (failure) or gain (success) in business.

2.

FLASHCARD QUESTION

Front

Cost of goods

Back

The amount a business pays for products sold or raw materials for production.

3.

FLASHCARD QUESTION

Front

Economic risks

Back

Risks from changes in overall business conditions.

4.

FLASHCARD QUESTION

Front

Expenses: Money spent or cost incurred to generate revenue.

Back

Cost of doing business.

5.

FLASHCARD QUESTION

Front

Guarantee

Back

A promise to refund the purchase price if the product is unsatisfactory.

6.

FLASHCARD QUESTION

Front

Human risk

Back

Perils from human errors and unpredictability of customers, employees, or the work environment.

7.

FLASHCARD QUESTION

Front

Income

Back

Money received by resource owners and producers for supplying goods and services.

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