Final Exam Review

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Across
  1. 2. Someone who takes a risk by starting a business to try to earn a profit is considered a...
  2. 3. All people above age 16 who are actively working or seeking work (non-students) are considered part of the
  3. 5. What does HR stand for?
  4. 7. A word, letter, or symbol linked with a specific company or product is called a what?
  5. 8. The main reason people start a proprietorship over other forms of ownership is...
  6. 10. The amount of money paid to an employee for work performed is defined as what?
  7. 12. an increase in the general level of prices
  8. 13. What is the term referring to knowing the difference between right and wrong? What is acceptable and what is not allowed in the workplace
  9. 15. Economic concept where resources are limited due to either location, time, or lack of production
  10. 16. a business owned and run by just one person. It is the easiest form of business to start and end.
  11. 18. What level of management is the highest?
  12. 21. Term for a tax that a government places on certain imported products
  13. 22. Which marketing function involves moving goods or services from one place to another?
Down
  1. 1. A nation’s transportation, communication, and utility systems refer to what term?
  2. 4. Planning, organizing, staffing, implementing, and controlling are called the five _____ of management?
  3. 6. a business owned and controlled by two or more people who have entered into an agreement. The owners are both responsible for key business decisions and functions
  4. 9. The 4 core concepts for identifying a Target Market include Demographic, Geographic, Behavioral, and ________.
  5. 11. The process of creating, promoting, and presenting a product or idea to meet the wants and needs of consumers.
  6. 14. Which function is the effort to direct and lead people to accomplish the planned work of the organization? It means to actually take a plan and put it into motion.
  7. 17. If a recession deepens and spreads throughout the entire economy, the nation may move into the third phase, ____________________. This is a long period of high unemployment, weak consumer sales, and business failures.
  8. 19. The cost of money or the cost of borrowing is represented through
  9. 20. Which management function includes all of the activities involved in obtaining, preparing, and compensating the people who work for a business?