Business Concepts

Front

Revenue is the total amount of money a business receives from sales.

Back

Total money received from sales.

Front

Human resources involve managing employee relations and recruitment.

Back

Management of employee relations and recruitment.

Front

Human capital refers to the physical and mental abilities of employees.

Back

Physical and mental abilities of employees.

Front

Operations in a business context refer to day-to-day activities to produce goods or services.

Back

Day-to-day activities to produce goods or services.

Front

Definition of opportunity cost.

Back

The value of the next-best alternative you give up.

Front

Competition among businesses usually results in:

Back

Lower prices for consumers

Front

Highest potential return investment

Back

Stocks

Front

Yield

Back

The amount of money earned on an investment

Front

Small businesses have less than how many employees

Back

Less than 500 employees

Front

Which form of business ownership involves a legal agreement between two or more individuals?

Back

Partnership