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E 1.2-3
| Question | Answer |
|---|---|
| An example would be--a corporation. The law treats it as a person and the corporation can be sued as a person would be sued. | Artifical Person |
| Businesses that buy products and services for use in operating a business or to resell? | Business Consumers |
| A written description of the business and its operations? | Business Plan |
| Adding value to products as they move from producer to consumers? | Channel Members |
| Legal documents issued by a state granting the business to power to organize, issue stock, and complete specific activities? | Charter |
| Verbal comprehension, and oral and written communications? | Communications |
| Economic situation in which many businesses offer very similar products and services for sale? | Competition |
| Purchase and use the products and services produced by bussiness? | Consumer |
| A number of people own the business through the purchase of stock but have limited responsibility and liability? | Corporation |
| A judicial decision settling and ending a controversy? | Determination |
| Responsibility, vigor, initiative, persistence and health? | Drive |
| The duty of a business to protect the natural resources affected by its products and operations? | Environmental Responsibility |
| A person who takes the risk of starting and operating a business with the goal of making a profit? | Entrepreneur |
| Individuals, families, or others who make purchases for their personal consumption? | Final Consumers |
| The federal, state, or local governments pass laws or take steps to prevent harm to consumers, businesses or the environment? | Government Regulation |
| The study of group behavior for the purpose of improving interpersonal relationships, as among employees. | Human Relations |
| A person who assumes responsibility for the successful operation of a business? | Manager |
| A set of factors that influence an individual's actions toward accomplishing a goal? | Motivation |
| A visual device that shows the structure of the organization, the division of work, and the relationships among employees? | Organization Chart |
| A contract describing the relationship and responsibilities of each patner? | Patnership Agreement |
| Conversion of raw materials into consumable products? | Producers and Manufaturers |
| One person owns a business and takes the major responsibility for decisions about its operation? | Proprietorship |
| Taking a chance to suffer a loss or to make a gain? | Risk |
| Provide business activities that do not result in the ownership of anything tangible? | Service Businesses |
| The ability, coming from one's knowledge, practice, aptitude, etc., to do something well? | Skills |
| The duty of a business to contribute to the well-being of society? | Social Responsibility |
| The relationship between production and consumption? | Supply and Demand |
| Original, creative, critical, and analytical thinking | Thinking Ability |
| A distinguishing feature, as of a person's character? | Traits |
| Identify where specific types of business can operate? | Zoning Laws |
Created by:
eramig
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