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Exam (elaborations)

Troy BUS 6600 questions and answers graded A+ 2024/2025

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  • BUS 6600
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  • BUS 6600

Troy BUS 6600 questions and answers graded A+ 2024/2025

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  • August 28, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • bus 6600
  • BUS 6600
  • BUS 6600
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Legitexams
Troy BUS 6600

Business - ANSany pastime that seeks to offer items and services to others whilst working at a
profit

commercial enterprise surroundings - ANSthe surrounding factors that either help or prevent the
development of organizations

weather trade - ANSa change within the planet's temperature over time

database - ANSa series of organized data that lets in get right of entry to, retrieval, and use of
information

Demography - ANSThe scientific examine of populace characteristics.

E-trade - ANSthe shopping for and promoting of goods over the net

Entrepreneur - ANSA individual who risks money and time to start and manipulate a enterprise

Empowerment - ANSgiving employees the authority to correct a trouble without first checking
with control

elements of manufacturing - ANSthe sources which can be used to create wealth

goods - ANSItems purchased to meet needs and wants

Greening - ANSthe trend toward saving electricity and generating merchandise that reason
much less harm to the environment

identity theft - ANSThe forging of a person's identity for the motive of fraud

loss - ANSwhen a commercial enterprise's prices are more than its revenues

non-profit agency - ANSan company whose desires do now not encompass creating a private
earnings for its owners or organizers

outsourcing - ANSContracting with other agencies (often in other nations) to do a little or all the
features of a company, like its production or accounting tasks.

Productivity - ANSThe value of a particular product compared to the quantity of exertions had to
make it.

,Income - ANSThe monetary benefit made in a transaction

pleasant of existence - ANSthe wellknown of health, consolation, and happiness skilled by way
of an man or woman or institution.

Revenue - ANSincome

threat - ANSDegree of uncertainty of go back on an asset; in business, the probability of loss or
decreased earnings.

Offerings - ANSintangible merchandise

stakeholders - ANSAll the individuals who stand to benefit or lose via the policies and sports of
a business and whose worries the business needs to cope with.

Standards of dwelling - ANSthe amount of goods and services humans can buy with the cash
they've

business cycle - ANSperiodic growth and contraction of the financial system

Capiltalism - ANSan financial gadget in which the factors of manufacturing and distribution are
privately owned and operated for a earnings

command financial system - ANSAn economic machine wherein the government controls a
country's economic system.

Communism - ANSA principle or gadget of social employer primarily based at the retaining of all
belongings in not unusual, real possession being ascribed to the network as an entire or to the
nation.

Consumer Price Index (CPI) - ANSmonthly information that degree the tempo of inflation or
deflation

center inflation - ANSCPI minus food and electricity expenses

deflation - ANSA situation wherein fees are declining

call for - ANSConsumer willingness and potential to buy products

melancholy - ANSA length of low monetary hobby and growing unemployment

Disinflation - ANSa situation wherein price will increase are slowing (the inflation charge is
declining)

, Economics - ANSThe look at of ways humans are searching for to meet their want and desires
through making picks

economic coverage - ANSGovernment coverage that tries to control the financial system by way
of controlling taxing and spending.

Free market economy - ANSCapitalism, personal possession regulation of supply and call for

Gross Domestic Product (GDP) - ANSA measurement of the entire items and services produced
within a country.

Gross Output (GO) - ANSA measure of overall income extent in any respect degrees of
manufacturing

Inflation - ANSA fashionable and modern increase in fees

invisible hand - ANSterm economists use to explain the self-regulating nature of the
marketplace

Keynesian economics - ANSTheory based totally at the standards of John Maynard Keynes,
pointing out that authorities spending should growth in the course of enterprise slumps and be
curbed throughout booms.

Macroeconomics - ANSThe study of the economic system as an entire

marketplace price - ANSthe fee determined by means of deliver and demand

Microeconomics - ANSThe have a look at of the way households and corporations make
alternatives, how they have interaction in markets, and how the government tries to influence
their choices.

Blended economic system - ANSmarket-based totally economic device with restricted
government involvement

financial policy - ANSGovernment policy that attempts to control the financial system by way of
controlling the cash supply and consequently hobby prices.

Monopolistic opposition - ANSa market structure wherein many organizations promote
merchandise which are comparable however not equal

Monopoly - ANSA marketplace in which there are numerous shoppers however most effective
one seller.

National debt - ANSThe sum of government deficits over time.

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