If expenses are greater than income, there’s no

In business terms, income is the money

The amount of money paid for raw materials and products sold is called

The money spent to run a business is called

Gross profit shows business owners the difference between what they’ve

Business owners are usually interested in net profit because they want to know what they can

Besides motivation, what does profit provide business owners in particular?

Which of the following is a general benefit profit provides:

Each purchase strengthens the economy by encouraging

Profitable businesses often help improve their local communities by

If no profit is generated for an extended period, a business must

Which of the following is a situation in which people are out of work and can’t afford “extra” purchases:

A popular product is said to be

Which of the factors that affect profit are usually able to be controlled?

Businesses must be careful about increasing the prices of their goods to increase profits because the result may be that they

Which activities are likely to increase a firm’s profit?

When employees are working faster or better, they are increasing their

To use resources wisely, business owners must reduce

For each new product it offers, a business seeks

People who go into business know that the business may not succeed. This possibility is referred to as business

The general classifications of business risks are

A hurricane that destroys a business is an example of a(n) risk.

A garden store customer tripped over a plant, fell, and sued the store for damages. This is an example of a(n) risk.

A union strike that stops production at a manufacturing plant is a(n) risk.

What category of business risk includes production problems and incompetent employees?

When a rival's product on the market reduces sales of your company's product, your company is experiencing strategic risk cause by

Financial loss from investing time and money to comply with accounting standards is an example of which strategic risk?

Which of the following is a pure business risk:

Which of the following is an example of a business risk that cannot be covered by insurance:

The act of reducing or removing risk by shifting the risk factor to another person or business is referred to as risk.

Having well-planned buildings and providing effective employee training are ways that businesses can ? risk.

Management decides to hold its annual meeting in one U.S. city rather than another because of crime in that city. This is an example of ? the risk.

Carefully selecting goods or services to sell is an example of handling business risks by ? the risk.

If a risk is small in terms of money, a business may decide to ? the risk.

Contractual agreements such as guarantees, surety bonds, and leases are examples of business risk being handled through

Businesses can protect themselves from risk associated with lost shipments by

Careful screening of credit customers is an example of handling business risks through

When a business keeps a risk because management is unaware of it, the business is ? the risk.

Requiring a contractor to purchase a surety bond is an example of handling business risk by the risk.

Which of the following is one of the main principles of the private enterprise system:

Burger King and McDonald's are examples of

If a consumer chooses to go to the movies rather than to a pizza parlor, then the movie theater and the pizza parlor are

Most businesses put their greatest competitive efforts into competing

An electronics store charges less for a new television than other electronics store. The store is engaging in competition.

When Maura purchased a new car, she was able to get part of the purchase price back from the car's manufacturer. The car's manufacturer engaged in

Offering high quality, large assortments, and free shipping are examples of

A business that advertises a special sale as well as its delivery service is using a combination of competition.

Which of the following statements about perfect competition is correct:

What type of market structure is most commonly found in a private enterprise economy?

The automobile industry, the pharmaceutical industry, and the oil industry are all examples of

Which of the following are qualities of monopolies:

In many places, trash pickup is legally controlled by just one company. This is known as

Which of the following pieces of legislation prevents monopolies from forming and hinders price fixing:

One way that competition benefits business is by encouraging the creation of

What motivates businesses to produce efficiently and sell effectively?

One of the ways that competition benefits customers is by encouraging businesses to

Which of the following is a direct benefit to consumers of the effects of competition:

Because of competition, people in our society enjoy

One way that competition helps build a prosperous society is by

In business terms, what is profit?

If expenses are greater then income, there's no

In business terms, income is the money

The amount of money paid for raw materials and products sold is called

The money spent to run a business is called

Gross profit shows business owners the difference between what they’ve

Business owners are usually interested in net profit because they want to know what they can

Besides motivation, what does profit provide business owners in particular?

Which of the following is a general benefit profit provides:

Each purchase strengthens the economy by encouraging

Profitable businesses often help improve their local communities by

              If no profit is generated for an extended period, a business must

Which of the following is a situation in which people are out of work and can’t afford “extra” purchases:

A popular product is said to be

Which of the factors that affect profit are usually able to be controlled?

Businesses must be careful about increasing the prices of their goods to increase profits because the result may be that they

Which activities are likely to increase a firm’s profit?

When employees are working faster or better, they are increasing their

To use resources wisely, business owners must reduce

For each new product it offers, a business seeks

Which of the following is one of the main principles of the private enterprise system:

Burger King and McDonald's are examples of

If a consumer chooses to go to the movies rather than to a pizza parlor, then the movie theater and the pizza parlor are

Most businesses put their greatest competitive efforts into competing

An electronics store charges less for a new television than other electronics store. The store is engaging in competition.

When Maura purchased a new car, she was able to get part of the purchase price back from the car's manufacturer. The car's manufacturer engaged in

Offering high quality, large assortments, and free shipping are examples of

A business that advertises a special sale as well as its delivery service is using a combination of competition.

Which of the following statements about perfect competition is correct:

What type of market structure is most commonly found in a private enterprise economy?

The automobile industry, the pharmaceutical industry, and the oil industry are all examples of

Which of the following are qualities of monopolies:

In many places, trash pickup is legally controlled by just one company. This is known as

Which of the following pieces of legislation prevents monopolies from forming and hinders price fixing:

One way that competition benefits business is by encouraging the creation of

What motivates businesses to produce efficiently and sell effectively?

One of the ways that competition benefits customers is by encouraging businesses to

Which of the following is a direct benefit to consumers of the effects of competition:

Because of competition, people in our society enjoy

One way that competition helps build a prosperous society is by