Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

AR ENTRE 1 U1

Arkansas Entrepreneurship I Unit 1

TermDefinition
Aptitude the ability to learn a particular kind of job
Brainstorming a creative group problem-solving technique that involves generating a large number of fresh ideas
Capitalism the private ownership of resources by individuals rather than by the government
Command economy the government determines what, how, and for whom products and services are produced
Consensus an agreement among a group of people
Demand an individual's need or desire for a product or service at a given price
Employees people who work for someone else
Entrepreneurs people who own, operate, and take the risk of business venture
Entrepreneurship the process of running a business of one's own
Equilibrium price and quantity the point at which the supply and demand curves meet
Free enterprise system an economic system in which people have the right to make choices of what products to buy, whether to own private property, or whether to start a business and compete with other businesses (market economy)
Functions of business production, marketing, management, and finance
Market economy individuals decide what, how, and for whom goods and services are produced
Memorandum a short written form of business communication that has a set format
Monopoly one company controls the entire market
Opportunity cost the cost of choosing one opportunity or investment over another
Productivity level of output received from each worker
Scarcity a situation that occurs when people's needs and wants are unlimited and the resources to produce the goods and services to meet those needs and wants are limited.
Self-assessment Evaluation of one's strengths and weaknesses
Supply how much of a good or service a producer is willing to produce at different prices
Trade show special meeting at which companies display their products
Created by: sreed2016
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards