Business Vocabulary and Terms

Vocabulary and Business Terms Review Spring 2010

Business 100 Pride Hughes Kapoor 10th edition

1. Free Enterprise, p. 4.

2. One question to ask in a job interview, p.6.

3. One reason to study business, p.7.

4. The purpose of Business is to create a _______________ and make a ______________.

5. Name the four resources needed for business, p. 9.

6. ___________________ – ___________________ = Profit, p. 11.

7. Capitalism, p. 12.

8. Command Economy, p. 15.

9. Productivity, p. 16.

10. GDP, p. 17.

11. Deflation, p. 17.

12. Recession, p. 19.

13. Unemployment rate, p.19.

14. National Debt, p. 20.

15. Market Price, p. 21.

16. Specialization, p. 25.

17. Microeconomics, p. 11

18. Ethics, p. 37.

19. Trade Association, p. 41.

20. Caveat Emptor, p. 50.

21. Name one right of the consumer, p.53.

22. Comparative Advantage, p. 74.

23. ______________________ – _____________________ = Balance of Trade, p. 74.

24. Import Duty, p. 76.

25. NAFTA, p. 85.

26. Licensing, p. 87.

27. Letter of Credit, p. 88.

28. Bill of Lading, p. 88.

29. Strategic Alliance, p. 90.

30. Sole Proprietorship, p. 108.

31. Partnership, p. 110.

32. Corporation, p. 116.

33. Stockholder, p. 116.

34. Dividend, p. 118.

35. Board of Directors, p. 118.

36. S-Corporation, p. 122.

37. LLC, p. 122.

38. Non-Profit, p. 124.

39. Small Business, p. 136.

40. Distribution Industry, p. 139.

41. Service Industry, p. 139.

42. Production Industry, p. 139.

42. Entrepreneur Spirit, p. 140.

43. Business Plan, p. 147.

44. Franchise, p. 152.

Printable Copy: Vocabulary and Business Terms Review.doc

Thank you (foot)notes:

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