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Business 100 Test #1
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The system of business in which individuals are free to decide what to produce, how to produce it, and at what price to sell it.
Free enterprise
Differences among people in a workforce owing to race, ethnicity, and gender.
Cultural (or workplace) diversity
The organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy the society’s needs.
Business
What remains after all business expenses have been deducted from sales revenue.
Profit
All the different people or groups of people who are affected by the decisions made by an organization.
Stakeholders
The study of how wealth is created and distributed.
Economics
The study of the decisions made by individuals and businesses.
Microeconomics
Author
yeuxverts9
ID
7403
Card Set
Business 100 Test #1
Description
Chapter 1
Updated
2010-02-19T17:45:56Z
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