PBMF - FA19 Obj. Final 26-50

The products and money used in the production of goods and services - would include land, buildings, money, and equipment

• Natural Resources

• Economic Resources

• Capital Resources

• Human Resources

The quantity of a good or service that consumers are willing and able to BUY

• need

• demand

• want

• supply

Domestic business refers to business activities needed for creating, shipping, selling goods across national borders

• True

• False

A high rate of inflation in a country tends to increase the value of that country's currency

• True

• False

What is the value of a currency of one country compared with the value of another?

• balance of payments

• exchange rate

• inflation rate

• discount rate

Selling the right to use some intangible property for a fee or royalty

• joint venture

• licensing

• franchising

• copyright

Selling the right to use a company name or business process in a specific way

• joint venture

• licensing

• franchising

• copyright

Three levels of government. (select all that apply)

• federal

• city

• state

• local

A business owned and operated by one person

• partnership

• limited liability corporation

• proprietorship

• corporation

The people who make the major policy and financial decisions in a corporation are the

• managers

• owners

• investors

• board of directors