Troy BUS 6600 Final Examination And
100% Correct Answers 2025-2026
Edition.
Business - Answer any activity that seeks to provide goods and services to others while
operating at a profit
business environment - Answer the surrounding factors that either help or hinder the
development of businesses
climate change - Answer a change in the planet's temperature over time
database - Answer a collection of organized data that allows access, retrieval, and use of data
Demography - Answer The scientific study of population characteristics.
e-commerce - Answer the buying and selling of goods over the internet
Entrepreneur - Answer A person who risks time and money to start and manage a business
Empowerment - Answer giving employees the authority to correct a problem without first
checking with management
factors of production - Answer the resources that are used to create wealth
goods - Answer Items purchased to satisfy needs and wants
Greening - Answer the trend toward saving energy and producing products that cause less
harm to the environment
identity theft - Answer The forging of someone's identity for the purpose of fraud
,outsourcing - Answer Contracting with other companies (often in other countries) to do some
or all of the functions of a firm, like its production or accounting tasks.
productivity - Answer The value of a particular product compared to the amount of labor
needed to make it.
profit - Answer The financial gain made in a transaction
quality of life - Answer the standard of health, comfort, and happiness experienced by an
individual or group.
revenue - Answer income
risk - Answer Degree of uncertainty of return on an asset; in business, the likelihood of loss or
reduced profit.
services - Answer intangible products
stakeholders - Answer All the people who stand to gain or lose by the policies and activities of
a business and whose concerns the business needs to address.
Standards of living - Answer the amount of goods and services people can buy with the money
they have
business cycle - Answer periodic growth and contraction of the economy
Capiltalism - Answer an economic system in which the factors of production and distribution
are privately owned and operated for a profit
command economy - Answer An economic system in which the government controls a
country's economy.
Communism - Answer A theory or system of social organization based on the holding of all
, Consumer Price Index (CPI) - Answer monthly statistics that measure the pace of inflation or
deflation
core inflation - Answer CPI minus food and energy costs
deflation - Answer A situation in which prices are declining
demand - Answer Consumer willingness and ability to buy products
depression - Answer A period of low economic activity and rising unemployment
Disinflation - Answer a situation in which price increases are slowing (the inflation rate is
declining)
Economics - Answer The study of how people seek to satisfy their needs and wants by making
choices
fiscal policy - Answer Government policy that attempts to manage the economy by controlling
taxing and spending.
free market economy - Answer Capitalism, private ownership law of supply and demand
Gross Domestic Product (GDP) - Answer A measurement of the total goods and services
produced within a country.
Gross Output (GO) - Answer A measure of total sales volume at all stages of production
Inflation - Answer A general and progressive increase in prices
invisible hand - Answer term economists use to describe the self-regulating nature of the
marketplace
Keynesian economics - Answer Theory based on the principles of John Maynard Keynes,
100% Correct Answers 2025-2026
Edition.
Business - Answer any activity that seeks to provide goods and services to others while
operating at a profit
business environment - Answer the surrounding factors that either help or hinder the
development of businesses
climate change - Answer a change in the planet's temperature over time
database - Answer a collection of organized data that allows access, retrieval, and use of data
Demography - Answer The scientific study of population characteristics.
e-commerce - Answer the buying and selling of goods over the internet
Entrepreneur - Answer A person who risks time and money to start and manage a business
Empowerment - Answer giving employees the authority to correct a problem without first
checking with management
factors of production - Answer the resources that are used to create wealth
goods - Answer Items purchased to satisfy needs and wants
Greening - Answer the trend toward saving energy and producing products that cause less
harm to the environment
identity theft - Answer The forging of someone's identity for the purpose of fraud
,outsourcing - Answer Contracting with other companies (often in other countries) to do some
or all of the functions of a firm, like its production or accounting tasks.
productivity - Answer The value of a particular product compared to the amount of labor
needed to make it.
profit - Answer The financial gain made in a transaction
quality of life - Answer the standard of health, comfort, and happiness experienced by an
individual or group.
revenue - Answer income
risk - Answer Degree of uncertainty of return on an asset; in business, the likelihood of loss or
reduced profit.
services - Answer intangible products
stakeholders - Answer All the people who stand to gain or lose by the policies and activities of
a business and whose concerns the business needs to address.
Standards of living - Answer the amount of goods and services people can buy with the money
they have
business cycle - Answer periodic growth and contraction of the economy
Capiltalism - Answer an economic system in which the factors of production and distribution
are privately owned and operated for a profit
command economy - Answer An economic system in which the government controls a
country's economy.
Communism - Answer A theory or system of social organization based on the holding of all
, Consumer Price Index (CPI) - Answer monthly statistics that measure the pace of inflation or
deflation
core inflation - Answer CPI minus food and energy costs
deflation - Answer A situation in which prices are declining
demand - Answer Consumer willingness and ability to buy products
depression - Answer A period of low economic activity and rising unemployment
Disinflation - Answer a situation in which price increases are slowing (the inflation rate is
declining)
Economics - Answer The study of how people seek to satisfy their needs and wants by making
choices
fiscal policy - Answer Government policy that attempts to manage the economy by controlling
taxing and spending.
free market economy - Answer Capitalism, private ownership law of supply and demand
Gross Domestic Product (GDP) - Answer A measurement of the total goods and services
produced within a country.
Gross Output (GO) - Answer A measure of total sales volume at all stages of production
Inflation - Answer A general and progressive increase in prices
invisible hand - Answer term economists use to describe the self-regulating nature of the
marketplace
Keynesian economics - Answer Theory based on the principles of John Maynard Keynes,
