MGT100 - Econ
Flashcard
•
Fun
•
12th Grade
•
Hard
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7 questions
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1.
FLASHCARD QUESTION
Front
Which function of business deals with the recording and analyzing of money?
Back
Accounting
2.
FLASHCARD QUESTION
Front
Business' main objective is to satisfy the wants/needs of the customer
Back
satisfy the wants/needs of the customer
3.
FLASHCARD QUESTION
Front
Which of the following is NOT a business resource: human, technological, informational, material?
Back
technological
4.
FLASHCARD QUESTION
Front
Revenue - Expenses =
Back
profit
5.
FLASHCARD QUESTION
Front
The study of how we create & distribute wealth
Back
economics
6.
FLASHCARD QUESTION
Front
The study of wealth decisions made by individuals & businesses.
Back
microeconomics
7.
FLASHCARD QUESTION
Front
The idea of having unlimited wants and needs, but limited resources
Back
scarcity
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