Balance Sheet - A report that lists a company's assets, liabilities, and owner's equity at a specific point in time, Business Ethics - Rules about how businesses and their employees ought to behave, Capitalism - The private ownership of economic resources by individuals rather than by the government , Career - A goal for work that is fulfilled through an occupation or series of occupations , Competition - The rivalry amoung businesses to sell their goods and services, Consumer - A person who buys and uses goods and services , Demand - The quantity of a good or service that consumers are willing and able to buy, Depression - The phase of the business cycle that is marked by a prolonged period of high unemployment, weak sales, and business failures, Entrepreneurship - Someone who takes a risk in starting a business to earn a profit, Franchise - A written contract granting permission to operate a business to sell products and services in a set way, Human Relations - The way people get along with each other, Imports - Goods and services bought from other countries, Management - The process of accomplishing the goals of an organization through the effective use of people and other resources, Resume - A tool that provides information about you to a potential employer, Workforce - All of the people, 16 years or older who are employed or who are looking for a job,

Intro To Business Final Exam

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