Business Concepts Flashcard

Front

How are businesses classified by size?

Back

By employee count

Front

What is a disadvantage of non-profit businesses?

Back

They have limited resources

Front

Which type of business focuses on earning profits? Options: Non-profit, For-profit, Government, Cooperative

Back

For-profit

Front

Key characteristic of a business?

Back

Profit

Front

What is the primary goal of non-profit organizations?

Back

Tackling social issues

Front

Which type of business is characterized by overwhelming workload and lower pay? Options: Small Business, Large Company, Multinational, Non-Profit Organization

Back

Small Business

Front

What is a quinary industry?

Back

Home-based services

Front

What is a midsize business? Options: 1-9 employees, 50-249 employees, 250+ employees, Fewer than 100 employees

Back

50-249 employees

Front

Example of extrinsic values: Passion for work, Personal integrity, Financial success, Sense of purpose

Back

Financial success

Front

What motivates intrinsic values?

Back

Fulfillment from the work itself