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IDC4U - Final Exam Key Terms

Authored by Tamara Dell'Erba

Business

12th Grade

IDC4U - Final Exam Key Terms
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64 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: the portion of the home used for business versus living space

Supply

Harvesting

Clustering

Space Percentage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: Land, labor, and capital; the three groups of resources that are used to make all goods and services

factors of production

liquidation

vision

diversification

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: the strategy of similar business locating near each other

Clustering

Advertising

Diversification

Space Percentage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a statement of the organization's purpose - what it wants to accomplish in the larger environment

Vision

Mission Statement

Socialism

Operations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

selling the right to use some process, trademark, patent, or other right for a fee or royalty

Licensing

Skim Pricing

Advertising

Advertising

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a selection method that uses cost-volume comparison

Location Break Even Analysis

Business Plan

Visual Control

Mission Statement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

material goods, natural resources, or information used to create other goods or information

productive resources

licensing

visual control

process layout

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