DECA Quiz Bowl Latest Update with Verified Solutions

DECA Quiz Bowl Latest Update with Verified Solutions Businesses require employees to participate during group discussions to determine employees' varying ____________. opinions (perspectives, ideas) Business letters should be neatly typewritten or printed on the company's ________. letterhead (stationery) What type of wants can be satisfied through the purchase of goods and services? Economic What type of resource is available to everyone in any quantity desired? Unlimited When supply is greater than demand, prices tend to ________. Decrease The provider who is trained to help you prepare for your retirement years is called a ___________________. financial planner The small amount of money a business keeps on hand for unplanned purchases is often called what? petty cash The goods and services produced as the result of combining inputs are called what? outputs What type of liability do corporations assume? Limited A realistic, personal budget must not exceed the person's income or ____? Salary (pay, wages, earnings) What activity involves sending goods to another country? exporting Businesses that do not pay sales tax on their purchases are said to be tax _____. Exempt Name the element of product planning that involves protecting an item from tampering and damage Packaging If Brazil sells blankets to Italy, and Italy sells cheese to Brazil, the two countries are engaging in what? International trade