A business that offers the right to sell a company's goods or services is a specific area in called:

A person who recognizes an opportunity and who organizes, manages, and assumes the risks of a business enterprise, with the intent of increasing the value of the business.

A person who likes to take chances.

A business that operates on the internet.

The money left over after a business has paid all the costs of producing its goods and services.

An independently owned business serving a limited geographic area.

Main reason most businesses fail is because:

When a country imports more than it exports it is called:

The most controlling type of management that includes minimal input from employees

Which management style allows employees to do their jobs that is very trusting and hands off?

When a country exports more than it imports it is called:

The connection made among nations when economies freely move goods, labor, and money across borders is called:

The cost to convert one currency into another is called:

Goods and services produced within a country's borders and sold in another country is called:

Goods, services, and capital brought into a country from outside its borders is called:

A tax on imported goods is called:

When a country specializes in producing a product at which it is relatively more efficient at is called:

This exists when a country can produce goods and services more efficiently and at a lower cost than another country:

Which is NOT one of the five Ps of entrepreneurship?

What is the first step in a business plan?

Treating others as you would like to be treated is called:

Businesses that create goods and services are called:

Businesses that buy products from wholesalers or directly from producers and sell them to consumers to make a profit is called:

Being committed to certain people or groups is called:

A business that is legally separate from its owners is called:

An association of two or more people who co-own a business with the objective of earning a profit is called:

A business that is owned and often operated by a single individual is called:

Businesses that purchase large quantities of products and sell the products in bulk is called:

The cost of a loan that is expressed as a percent of the amount borrowed is called:

The right of ownership in a corporation is called:

A period of significant decline in the total output, income, employment, and trade in an economy is called:

A small number of businesses selling the same or similar products is called:

The general rise in prices throughout an economy is called:

The end of expansion and the highest point in the business cycle is called:

One business that has complete control is called:

A period when the economy is growing and the GDP is rising is called:

When the value of a stock is up, it it an indicator that the value of a business is:

The production of specific/certain goods so that more products can be produced with a better quality is called:

The market value of all final products produced in a country during a specific time period (usually a year) is called:

The term used when the stock market is rising is called:

The term used when the stock market is falling is called:

Which one of the following would not be included in the U.S. GDP?

When the value of a stock is down, it is an indicator that the value of a business is:

The type of economy where the individuals are free to make their own economic decisions is called:

All business activities that involve money are called:

Anything that can be bought or sold is called:

Something that is required to survive is called:

A physical item that can be touched is called:

The type of economy where both the government and individuals make decisions about economic resources is called:

A person who purchases goods and services for personal use is called:

Any activity related to making a product is called:

The type of economy where decisions are based on a society's values, culture, and customs is called:

An action or task that is performed, usually for a fee (consumed at the time it is purchased) is called:

When demand is higher than the available resources it is called:

The work performed by people in organizations is called:

All of the tools, equipment, and machinery used to produce goods and services is called:

The amount of product available to purchase

The level of manager that is dealing with cashiers and sales representatives.

S.M.A.R.T. goal is: