Troy BUS 6600 Study Guide 2026 | Business Management Exam Review & Notes

Troy,./BUS,./6600


Business,./-,./correct,./answer,./✔ ✔
any,./activity,./that,./seeks,./to,./provide,./goods,./and,./services,./to,./others,./while,.
/operating,./at,./a,./profit




business,./environment,./-,./correct,./answer,./✔ ✔
the,./surrounding,./factors,./that,./either,./help,./or,./hinder,./the,./development,./of,
./businesses




climate,./change,./-,./correct,./answer,./✔ ✔
a,./change,./in,./the,./planet's,./temperature,./over,./time



database,./-,./correct,./answer,./✔ ✔
a,./collection,./of,./organized,./data,./that,./allows,./access,,./retrieval,,./and,./use,./o
f,./data

,Demography,./-,./correct,./answer,./✔ ✔
The,./scientific,./study,./of,./population,./characteristics.


e-commerce,./-,./correct,./answer,./✔ ✔
the,./buying,./and,./selling,./of,./goods,./over,./the,./internet


Entrepreneur,./-,./correct,./answer,./✔ ✔
A,./person,./who,./risks,./time,./and,./money,./to,./start,./and,./manage,./a,./business


Empowerment,./-,./correct,./answer,./✔ ✔
giving,./employees,./the,./authority,./to,./correct,./a,./problem,./without,./first,./che
cking,./with,./management


factors,./of,./production,./-,./correct,./answer,./✔ ✔
the,./resources,./that,./are,./used,./to,./create,./wealth


goods,./-,./correct,./answer,./✔ ✔
Items,./purchased,./to,./satisfy,./needs,./and,./wants


Greening,./-,./correct,./answer,./✔ ✔
the,./trend,./toward,./saving,./energy,./and,./producing,./products,./that,./cause,./le
ss,./harm,./to,./the,./environment

,identity,./theft,./-,./correct,./answer,./✔ ✔
The,./forging,./of,./someone's,./identity,./for,./the,./purpose,./of,./fraud


loss,./-,./correct,./answer,./✔ ✔
when,./a,./business's,./expenses,./are,./more,./than,./its,./revenues


non-profit,./organization,./-,./correct,./answer,./✔ ✔
an,./organization,./whose,./goals,./do,./not,./include,./making,./a,./personal,./profit,
./for,./its,./owners,./or,./organizers




outsourcing,./-,./correct,./answer,./✔ ✔
Contracting,./with,./other,./companies,./(often,./in,./other,./countries),./to,./do,./so
me,./or,./all,./of,./the,./functions,./of,./a,./firm,,./like,./its,./production,./or,./accounting,./t
asks.



productivity,./-,./correct,./answer,./✔ ✔
The,./value,./of,./a,./particular,./product,./compared,./to,./the,./amount,./of,./labor,./n
eeded,./to,./make,./it.


profit,./-,./correct,./answer,./✔ ✔
The,./financial,./gain,./made,./in,./a,./transaction

, quality,./of,./life,./-,./correct,./answer,./✔ ✔
the,./standard,./of,./health,,./comfort,,./and,./happiness,./experienced,./by,./an,./ind
ividual,./or,./group.


revenue,./-,./correct,./answer,./✔ ✔ income



risk,./-,./correct,./answer,./✔ ✔
Degree,./of,./uncertainty,./of,./return,./on,./an,./asset;,./in,./business,,./the,./likeliho
od,./of,./loss,./or,./reduced,./profit.



services,./-,./correct,./answer,./✔ ✔ intangible,./products



stakeholders,./-,./correct,./answer,./✔ ✔
All,./the,./people,./who,./stand,./to,./gain,./or,./lose,./by,./the,./policies,./and,./activitie
s,./of,./a,./business,./and,./whose,./concerns,./the,./business,./needs,./to,./address.


Standards,./of,./living,./-,./correct,./answer,./✔ ✔
the,./amount,./of,./goods,./and,./services,./people,./can,./buy,./with,./the,./money,./th
ey,./have



business,./cycle,./-,./correct,./answer,./✔ ✔
periodic,./growth,./and,./contraction,./of,./the,./economy