Entrepenuer Study guides, Class notes & Summaries
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BUS 110 exam 1 questions & answers 2024/2025
- Exam (elaborations) • 9 pages • 2024
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BUS 110 exam 1 questions & answers 2024/2025 
 
 
Value - ANSWERSrelationship between the price of a good or service and the benefits it offers 
 
Business - ANSWERSany organization or activity that provides goods and services to earn a profit 
 
Profit - ANSWERSmoney that a business earns in sales or revenue minus expenses 
 
Loss - ANSWERSOccurs when a business's expenses are more than its revenues 
 
Entrepenuer - ANSWERSpeople who risk their time, money, and other resources to start and man...
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GMETRIX QUIZ 2 LATEST VERSION GRADED A+
- Exam (elaborations) • 9 pages • 2024
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GMETRIX QUIZ 2 LATEST VERSION 
 
GRADED A+ 
 
In general which two characteristics define A small business? 1.)Fewer than 1,500 
employees 
2.)Less than $35.5 million revenue 
 
Physical or Digital 
-Bakery in your community 
-hair salon that makes appointments online Physical 
 
Physical or Digital 
-Online store that dropships camping gear 
-Bookstore on Amazon that sells eBooks Digital 
 
CEO The highest ranking 
 
CFO Creates budgets 
 
CIO Develops policies 
 
COO Oversees the day to day 
 ...
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Humanities -Business and Economics Test Revision Questions And Answers 2023-2024
- Exam (elaborations) • 3 pages • 2023
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Humanities -Business and Economics Test Revision 
Questions And Answers 
Consumers - ANS-A consumer is a person who contributes to the economy by purchasing a good or 
service. 
Producers 
Producer - ANS-A producer is a person or group of people who contribute to the economy by selling or 
providing a good or service. 
Business - ANS-A person, partnership, or corporation engaged in the production of goods or provision of 
services. Usually, a profit-seeking enterprise. 
Consumers 
Goods - AN...
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Business study guide
- Summary • 3 pages • 2022
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Study guide for exam 2 of business