FM 116 Midterm Exam Questions and Complete Solutions
4 views 0 purchase
Course
FM 116
Institution
FM 116
Stock holder Owner of a corporation.
Revenue (sales) The money coming into a company through selling the products or services.
Joint ventures An agreement between two or more companies where they pool their resources for the purpose of accomplishing a specific task (a new project or any other bus...
FM 116 Midterm Exam Questions and
Complete Solutions
Stock holder ✅Owner of a corporation.
Revenue (sales) ✅The money coming into a company through selling the products or
services.
Joint ventures ✅An agreement between two or more companies where they pool their
resources for the purpose of accomplishing a specific task (a new project or any other
business activity). Each of the participants is responsible for profits, losses and costs
associated with it.
Merger ✅Two formerly independent business entities combine to form a new
organization.
Acquisition ✅One firm buys (acquires) another.
Liability ✅Claims that outsiders have against a firm's or person's assets, or being
responsible for something, especially by law.
Small Business Administration (SBA) ✅An agency of the Federal government
designed to maintain and strengthen the nation's economy by aiding, counseling,
assisting and protecting the interests of small businesses.
Gross Domestic Product (GDP) ✅The monetary value of all the finished goods and
services produced within a country's borders in a specific time period. Shows how well
the economy is doing.
Consumer price index (CPI) ✅Measures the change in the weighted-average prices of
goods and services that consumer buys over time.
Demographics ✅The measurable characteristics of a population. (Population size and
density, age, gender, race, education, and income)
Demand curve ✅The quantity of products that consumers are willing to buy at different
market prices.
Equilibrium ✅Associated with the point at which the quantity demanded equals the
quantity supplied.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller twishfrancis. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
