Final Exam

3. Anything of value that a business owns.
5. the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
7. A business that buys consumer goods or services and sells them to the ultimate consumer.
8. The quantity of a good or service that buyers are ready to buy at a given price at a particular time.
9. Programs that instruct computers to perform specific operations.
11. The people who make or provide goods and services.
13. Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid
15. An individual who: invents, develops, and distributes a good or provides a service; assumes the risks of starting and building a business; and receives personal and financial rewards for her/his efforts.
16. The process of keeping financial records.
17. Marketing element requiring marketers to determine the amount of money they will ask in exchange for their products.
18. The amount and the value of goods and services produced (outputs) from set amounts of resources (inputs).
19. The money that a business spends.

1. Physical objects that are useful, scarce, and transferable and which satisfy economic wants.
2. Components are connected to the main circuit board of the computer.
4. All the stock that a business has on hand.
6. The basic principles that govern your behavior.
9. Productive acts that are useful, scarce, and transferable and which satisfy economic wants.
10. People who use goods and services to satisfy their wants.
12. an occupation undertaken for a significant period of a person's life and with opportunities for progress.
14. Adhering to an established set of personal ethics and sound