Business Bundled Exams 2 with perfect answers 2024

What is the primary focus of a profit organization? correct answersTo make a profit. What are the four functions of management? correct answersPlanning, organizing, controlling, and leading What are the factors of production used to make goods and services? correct answersquality products, ...

the term for all the activities involved in developing and exchanging products correct answersbusiness the customer of a service is often called a correct answersclient anything that is bought or sold is called a correct answersproduct customers who purchase goods and services for their ...

Advantages of knowing contribution per unit (6) correct answersAllow review of variable costs, calculate break even, target setting, helps with overall planning, comparison between different products, can reduce price or increase price if necessary Advantages of shares correct answersValue of s...

Business correct answersthe activity of making, buying, or selling goods or providing services in exchange for money Goods correct answersany physical products offered by a business Service correct answersIntangible product that is being bought or sold For Profit correct answersWhen com...

How do businesses affect communities? correct answersBusinesses affect communities by putting money into them. Taxes that businesses pay stay in the community and therefore benefit the little economy. Explain the difference between entrepreneurial resources and labor resources. correct answersE...

The capacity and motivation to deploy a business venture that involves risk in order to make a profit. correct answersEntrepreneurship The art of taking financial risks in order to make a profit. correct answersEntrepreneurial An individual who founds and runs a business assuming all of the ...

What type of enterprise is mercy core: correct answersSocial Business Enterprise The video of mercy core introduced: correct answersMicro financing What term denotes a nations basis for allocating its resources among its citizens: correct answerseconomic system What is the point at which...

Business correct answersAny activity conducted by an individual/s to produce and sell goods or services that satisfy the needs of society Sole Trader correct answersA business owned and operated by one person. Partnership correct answersA business owned and operated by one person generally ...

Business correct answersAny activity conducted by an individual/s to produce and sell goods or services that satisfy the needs of society Sole Trader correct answersA business owned and operated by one person. Partnership correct answersA business owned and operated by one person generally ...

In accounting terms, profits are correct answersAnything that is earned extra after expenses are paid. The difference between businesses and government agencies. correct answersGovernment agencies are non for profit Capital correct answersProduction input consisting of technology, tools, in...

Sole proprietorship correct answersA form of business ownership with a single owner who usually actively manages the company. Partnership correct answersA voluntary agreement under which two or more people act as co-owners of a business for profit. Corporation correct answersA form of busin...

What are capital resources? correct answersThe tools, equipment, and buildings that are used to produce goods and services The high point of the business cycle: correct answersProsperity Supplying goods and services is which economic role? correct answersa worker role The desire to work ...

resources correct answersanything people can use to obtain what they need or want factors of production correct answersNatural : raw materials found in nature Renewable & Non-renewable Human: labor Knowledge, skills & efforts of workers Capital Buildings, materials, equipment (used in prod...

WHAT IS MANAGEMENT correct answersTHE ART OF GETTING THINGS DONE THROUGH THE EFFORTS OF OTHER PEOPLE. 3 MANAGERIAL ROLES correct answers1. INTERPERSONAL (Figurehead, Leader, Provides information) 2. INFORMATIONAL (Monitor, Spokesperson, Processes information) 3. DECISIONAL (Entrepreneur, Dist...