Business Basics Voca
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| The function of business that involves money management | Finance
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| The process of achieveing company goals by effective use of resources through planning, organizing, and controlling | Management
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| The process of creating, growing, manufacturing, or improving on goods and services. | Production
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| The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large | Marketing
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| A business that is owned and operated by one person | Sole Proprietorship
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| A relatively new form of business organization that is a hybrid of a partnership and a corporation | Limited Liability Company
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| A legal agreement between two or more people to be jointly responsible for the success or failure of a business | Partnership
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| A legal entity created by either a state or federal statute, authorizing individuals to operate an enterprise | Corporation
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| A group that functions like a business but uses the money it makes to fund the cause identified in its charter | Non-Profit Organization
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| Recurring changes in economic activity | Business Cycle
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| A time when the economy is expanding | Expansion
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| A period of economic slowdown that lasts for at least two quarters, or six months | Recession
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| A period of prolonged recession | Depression
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| The term that signifies a period of renewed economic growth following a recession or depression | Recovery
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| The money earned from conducting business after all costs and expenses have been paid for | Profit
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
mrsmarkovic
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