Principles Fall Final Review

Front

Which employability skill can be defined as “working with a diverse group of people to reach a common goal?”

Back

teamwork

Front

What is the definition of marketing?

Back

the process of developing, promoting and distributing products

Front

What is the total value of the goods and services produced by a nation over a specific period?

Back

GDP

Front

Which of the following is a planned economy where the government makes all the economic decisions and there is only one political party? communism, democratic socialism, private enterprise, socialism

Back

communism

Front

Which of the following is an example of an excellent credit score? 450-550, 550-650, 700-799, 800-850

Back

800-850

Front

When developing new toys, Mattel Inc. creates a room for observing children playing with toy prototypes. Which form of marketing research is this?

Back

primary research

Front

What does a free enterprise system encourage individuals to do?

Back

own and operate their own businesses

Front

Marketing a product that appeals to everyone, such as milk, is what type of marketing?

Back

mass marketing

Front

What is a business owned by two or more people called?

Back

partnership

Front

Which term is used to describe a decline in the gross national product for six months or less?

Back

a recession