BUS 100 Midterm – Introduction to Business – 2026 – Study and
Practice Guide
Why does someone go into business? - correct answer ✔✔ To make money!
How do you determine business profit? - correct answer ✔✔ Revenue- Expenses
What is an economy? - correct answer ✔✔ ..., a system for producing and distributing goods
and services
what is an entrepreneur? - correct answer ✔✔ somebody who starts their own business.
what is a stockholder? - correct answer ✔✔ Someone that invest in a corporation and gets a
percentage of money
What are the types of resources? - correct answer ✔✔ Capital
Natural
Human
What is fiscal policy? - correct answer ✔✔ the governments efforts to influence the economy.
-Taxation
-Government spending
-Controlled by congress/budget process
What is monetary policy? - correct answer ✔✔ the federal reserves actions to shape the
economy.
-supply and demand of money
, -controlled by the federal reserve.
What was the cause of the 2008 financial crisis? - correct answer ✔✔ "high risk, complex
financial products; undisclosed conflicts of interest
What are the components of the economic wheel? - correct answer ✔✔ ...
How does the government influence the economic wheel? - correct answer ✔✔ Taxes
supply vs demand and its relationship with price? - correct answer ✔✔ *Supply*: The
relationship between the price of a good and the quantity sellers are willing to offer.
*Demand*: the relationship between the price of a good and the quantity buyers are willing
and can afford to buy.
What is the Dow Jones and what is it at right now? - correct answer ✔✔ ...is a price-weighted
average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq
16,321.07223.03 (1.35%) around 17000
What is the NASDAQ and what is at right now? - correct answer ✔✔ tracks about 4,000 stocks
and where they are in the market.
4500
Difference between macro and micro economics? - correct answer ✔✔ Macroeconomics-
Country's overall economy
Microeconomics- Consumers, Families, Businesses.
Practice Guide
Why does someone go into business? - correct answer ✔✔ To make money!
How do you determine business profit? - correct answer ✔✔ Revenue- Expenses
What is an economy? - correct answer ✔✔ ..., a system for producing and distributing goods
and services
what is an entrepreneur? - correct answer ✔✔ somebody who starts their own business.
what is a stockholder? - correct answer ✔✔ Someone that invest in a corporation and gets a
percentage of money
What are the types of resources? - correct answer ✔✔ Capital
Natural
Human
What is fiscal policy? - correct answer ✔✔ the governments efforts to influence the economy.
-Taxation
-Government spending
-Controlled by congress/budget process
What is monetary policy? - correct answer ✔✔ the federal reserves actions to shape the
economy.
-supply and demand of money
, -controlled by the federal reserve.
What was the cause of the 2008 financial crisis? - correct answer ✔✔ "high risk, complex
financial products; undisclosed conflicts of interest
What are the components of the economic wheel? - correct answer ✔✔ ...
How does the government influence the economic wheel? - correct answer ✔✔ Taxes
supply vs demand and its relationship with price? - correct answer ✔✔ *Supply*: The
relationship between the price of a good and the quantity sellers are willing to offer.
*Demand*: the relationship between the price of a good and the quantity buyers are willing
and can afford to buy.
What is the Dow Jones and what is it at right now? - correct answer ✔✔ ...is a price-weighted
average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq
16,321.07223.03 (1.35%) around 17000
What is the NASDAQ and what is at right now? - correct answer ✔✔ tracks about 4,000 stocks
and where they are in the market.
4500
Difference between macro and micro economics? - correct answer ✔✔ Macroeconomics-
Country's overall economy
Microeconomics- Consumers, Families, Businesses.
