An issue in which you must decide whether something is right or wrong is known as an ________ Situation.

Acting with honesty in all situations is called ________.

Being reliable and deserving the confidence of others means you are ________.

The condition of having to answer for or be liable for your actions; accepting responsibility for your decisions is called ________.

The quality of being just as one seems; being open and truthful when communicating is called ________.

Complying with laws and regulations is known as the ________ of Law.

The long-term value of your choices is called ________.

A risk-response strategy that involves choosing not to do something that is considered risky is called ________.

The amount of money a business pays for the products it sells or for the raw materials from which it produces goods to sell is called ________ of goods.

Rivalry between or among businesses that offer similar types of goods or services is called ________ competition.

The possibility of loss or failure that occurs as a result of the economy is called ________ risk.

The money that a business spends is called ________.

Money left after the cost-of-goods expense is subtracted from total income is called ________ profit.

The possibility of loss or failure from human error is called ________ risks.

The money received by resource owners and by producers for supplying goods and services to customers is called ________.

Rivalry between or among businesses that offer dissimilar goods or services is called ________ competition.

A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available is called a ________.

The possibility of loss or failure from nature is called ________ risks.

Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income is called ________ profit.

A type of rivalry between or among businesses that involves factors other than price is called ________ competition.

A market structure in which there are relatively few sellers, and industry leaders usually determine prices is called an ________.

All of the expenses involved in running a business are called ________ expenses.

A market structure in which there are many businesses selling a lot of identical products for about the same price to many buyers is called ________ competition.

A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars is called ________ competition.

Monetary reward a business owner receives for taking the risk involved in investing in a business is called ________.

Chances of loss that carry with them the possibility of loss or no loss are called ________ risks.

A risk-response strategy that involves trying to reduce the chance of loss or severity of loss is called ________.

Monopolies that the government allows to exist legally under controlled conditions are called ________.

A risk-response strategy that involves assuming responsibility for the risk rather than transferring it is called ________.

Chances of loss that may result in loss, no change, or gain are called ________.

A risk-response strategy that involves moving the impact of a risk to someone or something else is called ________.

A desire for something that can only be satisfied by spending money is called an ________.

Products purchased by producers for resale, to make other goods and services, and/or to use in business operations are called ________.

Desires for things that can be obtained without spending money are called ________.

A condition resulting from the gap between limited resources and unlimited wants for goods and services is called ________.

A business that operates out of a physical facility (instead of online) is called ________.

A type of producer that constructs roads, bridges, buildings, houses, etc. is called a ________.

People who use goods and services to satisfy their wants are called ________.

Retailers who operate solely online are called ________.

A type of producer that changes the shapes or forms of materials so that they will be useful to consumers is called a ________.

The people who make or provide goods and services are called ________.

A type of producer that provides goods in their natural state is called a ________.

A business that buys consumer goods or services and sells them to the ultimate consumer is called a ________.

A type of business that performs intangible activities that satisfy the needs and wants of consumers or industrial users is called a ________.

The duty of business to contribute to the well-being of society is called ________.

Businesses that buy and sell goods to others; retailers and wholesalers are called ________.

Intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers are called ________.

The best time for consumers to buy; characterized by large supply, small demand, and low prices is called a ________.

Cash and credit a consumer has available to spend is called ________.

The total amount of money spent on costs of materials, labor, taxes, etc. to manufacture economic goods and services is called ________.

The quantity of a good or service that consumers are willing and able to buy is called ________.

A form of demand for products in which changes in price correspond to changes in demand is called ________.

An indication of how changes in price will affect changes in the amounts demanded and supplied is called ________.

The point at which the quantity supplied is equal to the quantity demanded is called ________.

A form of demand in which changes in price do not affect demand is called ________.

Fill in the blank: The economic principle which states that the quantity of a good or service that people will buy varies inversely with the price of the good or service is called _________.

Fill in the blank: The economic principle which states that the quantity of a good or service that will be offered for sale varies in direct relation to its price is called _________.

Fill in the blank: The economic principle which states that the supply of a good or service will increase when demand is great and decrease when demand is low is called _________

Fill in the blank: The best time for producers to sell, characterized by large demand, small supply, and high prices, is called a _________.

Fill in the blank: Items that can be used in place of others and satisfy the same needs or wants are called _________.

Fill in the blank: The quantity of a good or service that sellers are able and willing to offer for sale at a specified price in a given time period is called _________.

Fill in the blank: Usefulness; capable of satisfying wants and needs is called _________.

Fill in the blank: The process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources is called _________.

Fill in the blank: The process of planning, staffing, leading, and organizing the employees of the business is called _________.

Fill in the blank: The process of accessing, processing, maintaining, evaluating, and disseminating knowledge, facts, or data is called _________.

Fill in the blank: The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large is called _________.

Fill in the blank: The day-to-day activities required for continued business functioning are called _________

Fill in the blank: The usage of outside organizations or consultants to perform one or more of the primary business activities is called _________?

Fill in the blank: The process or activity of producing goods and services is called _________.

Fill in the blank: The process of planning, controlling, and organizing an organization or department is called _________?

Fill in the blank: People who work to produce goods or services are called _________.

Fill in the blank: An integrated technology that assists with an organization's information management needs is called _________

Fill in the blank: A human resources management activity that involves recruiting, interviewing, hiring, orienting, and dealing with job changes for a company's employees is called _________.

Fill in the blank: Long-range planning (three to five years) for the company as a whole is called _________

Fill in the blank: Short-range planning (one year) of specific actions the business will take is called _________

Fill in the blank: All the activities a business engages in to interact with its customers are called _________.

Fill in the blank: Activities and benefits provided by a business to its customers to create goodwill and customer satisfaction are called _________

Fill in the blank: The people (i.e., employees) who work cooperatively together to achieve business goals are called _________.

Fill in the blank: The amount and the value of goods and services produced (outputs) from set amounts of resources (inputs) is called _________.

Fill in the blank: Promotion for a business provided by customers who tell others of their satisfaction with the business is called _________.

An individual who has had specialized training in accounting procedures is called a ________.

The process of keeping financial records is known as ________.

A process or series of steps that businesses complete to maintain their financial records effectively is called the ________.

Rules that accountants must follow when preparing financial statements are called ________.

Finance activity involving making decisions about financing is called ________.

Finance activity involving making decisions about a firm's investments is called ________.

Anything of value that a business owns is called ________.

A financial statement that captures the financial condition of the business at a particular moment is called a ________.

Decisions that determine which projects a business will invest in, how the investment(s) will be financed, and whether to pay dividends to shareholders are called ________.

A financial summary with estimates as to when, where, and how much money will flow into and out of a business is called a ________.

A sum of money paid to an investor or stockholder as earnings on an investment is called ________.

The monies that a business spends; also called expenditures, are known as ________.

The function that involves all money and money management matters in business is called ________.

A summary of accounting information is called a ________.

Money received by a business or an individual from outside sources is called ________.

A financial summary that shows how much money the business has made or has lost; also called the profit-and-loss statement, is known as ________.

Debts that the business owes are called ________.

The total value of the business is called ________.

A method of accounting that records transactions at the time they occur is called ________.