Principles of Business, Marketing, and
Finance Midterm
_____ is all of the money that a business takes in. - ANS-Revenue
Adam Smith made the division of labor principle popular and argued that practice and
specialization might automatically make people higher at positive obligations, and when
people stepped forward their efficiency, who benefitted? - ANS-the complete society
All groups are required to pay their personnel an hourly charge, with some exemptions. This
fee is about by using federal regulation and is referred to as what? - ANS-minimal salary
Approximately what number of new small corporations does the Small Business
Administration estimate close at some stage in their first yr of operation? - ANS-slightly much
less than one-third
Assigning employees particular tasks for which they have got the required skills and
experience is called: - ANS-specialization of exertions
Concerning deliver charges, if any agricultural products are required, a tough frost can
devastate crops and do what to fees? - ANS-increase them
Expenses like lease, coverage, or payments on a mortgage do no longer exchange and are
known as: - ANS-fixed charges
External factors—like the general health of the economy, unemployment, or extended
opposition from a comparable enterprise—can do what to sales for a commercial enterprise?
- ANS-drive them down
For a commercial enterprise, _____ income suggest greater revenue. - ANS-better
For maximum stores, what time period is generally the busiest and has the finest quantity of
income, because of this that those agencies require greater labor and stock throughout this
time? - ANS-between Thanksgiving and Christmas
How much area does the common employee operating in a traditional office require? -
ANS-200-250 square toes
If a corporation employs 50 or extra complete-time employees, the business is required to
provide _____ to their personnel. - ANS-health insurance
In a capitalist society like the United States, the authorities takes on capabilities like what
and private businesses select up the entirety left over? - ANS-the army and infrastructure
Finance Midterm
_____ is all of the money that a business takes in. - ANS-Revenue
Adam Smith made the division of labor principle popular and argued that practice and
specialization might automatically make people higher at positive obligations, and when
people stepped forward their efficiency, who benefitted? - ANS-the complete society
All groups are required to pay their personnel an hourly charge, with some exemptions. This
fee is about by using federal regulation and is referred to as what? - ANS-minimal salary
Approximately what number of new small corporations does the Small Business
Administration estimate close at some stage in their first yr of operation? - ANS-slightly much
less than one-third
Assigning employees particular tasks for which they have got the required skills and
experience is called: - ANS-specialization of exertions
Concerning deliver charges, if any agricultural products are required, a tough frost can
devastate crops and do what to fees? - ANS-increase them
Expenses like lease, coverage, or payments on a mortgage do no longer exchange and are
known as: - ANS-fixed charges
External factors—like the general health of the economy, unemployment, or extended
opposition from a comparable enterprise—can do what to sales for a commercial enterprise?
- ANS-drive them down
For a commercial enterprise, _____ income suggest greater revenue. - ANS-better
For maximum stores, what time period is generally the busiest and has the finest quantity of
income, because of this that those agencies require greater labor and stock throughout this
time? - ANS-between Thanksgiving and Christmas
How much area does the common employee operating in a traditional office require? -
ANS-200-250 square toes
If a corporation employs 50 or extra complete-time employees, the business is required to
provide _____ to their personnel. - ANS-health insurance
In a capitalist society like the United States, the authorities takes on capabilities like what
and private businesses select up the entirety left over? - ANS-the army and infrastructure
