POB OBJ 5.02 CD Vocab
Flashcard
•
Business
•
9th - 12th Grade
•
Hard
Wayground Content
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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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