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Business

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Ch. 1

What is the definition of a Business?

 

What is profit?

What is loss?

What is revenue?

What is an entrepreneur?

 

What is the relationship between risk and profit?

What is Quality of life?

What is Standard of living?

What are stakeholders?

What are the factors of production?

What is outsourcing?

What is Insourcing?

What is the business environment?

What does Efficiency mean?

What does Effectiveness mean?

What does Productivity mean?

What does empowerment mean?

Ch. 2

What is economics?

What is Macroeconomics?

What is Microeconomics?

What is resource development?

Who is Adam Smith?

What is Capitalism?

What are the four basic rights under Capitalism?

What are the characteristics of a free market?

What is the definition of supply?

What is the definition of demand?

 

What is the Equilibrium Point?

What are the four degrees of competition in a free market?

What are the benefits of a free market?

 

What is the definition of Gross Domestic Product?

What is inflation?

Ch. 3

What is exporting?

What is free trade?

What are the advantages of free trade?

What is comparative advantage?

What is balance of trade?

What is Trade surplus (favorable balance of trade)?

What is trade deficit (unfavorable balance of trade)?

 

What is balance of payments?
What does Dumping mean in trade?

What is licensing?

What is franchising?

What is contract manufacturing?

What are international Joint ventures and strategic alliances?

What is foreign direct investment?

What is a Multinational corporation?

What is the exchange rate?

What are tariffs?

What is outsourcing?

Ch. 4

What is Ethics?

What are the 2 types of ethics codes and their characteristics?

What is corporate social responsibility (CSR)?

What is insider trading?

Ch. 5

What is a sole proprietorship?
What is a partnership?

What is a corporation?

What does unlimited liability mean?

What is a general partner?

What is a limited partner?

What is the meaning of limited liability?

What is a C Corporation?

What are owners of corporations called?

 

What is an S corporation?

 

What are the 4 conditions a business must meet to qualify to become an S corporation?

What is the definition of a Limited Liability Company?

 

What is a merger?

 

What is an acquisition?

 

 

What are the 3 types of mergers?

 

What is a leveraged buyout (LBO)?

What is a Franchise Agreement?

What are Cooperatives?

Ch. 6

What is Entrepreneurship?

What are the 5 characteristics it takes to be an entrepreneur?

What is an entrepreneurial team?

What are the downsides of a home-based business?

What is Affiliate Marketing?

What is an Intrapreneur?

What are Enterprise Zones?

What is the definition of a Small Business?

What are the 3 ways to learn about small businesses?

 

What are the 5 major functions of a small business?

What is a Business Plan? Why is an executive summary important?

A detailed written statement that describes the nature of the business. The purpose.

 

What are the 7 sources of capital?

What is a venture capitalist?

What is the Small Business Administration?

What is a Small Business Investment Company (SBIC)? What do they do for small businesses?

What can a good accountant do for a small business?