Pure capitalism - Study guides, Class notes & Summaries

Business Management Exam Questions And Answers Solved Correctly Business - answerThe organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. What are the four resources a business needs in order to be successful? - answerHuman resources, material resources, informational resources, and financial resources. What do service businesses do? - answerThey provide services. Ex: Haircuts, legal advice, tax preparation, etc. Inter...

MIE 201 Test 1 Makanui 100% Correct Solved business - Correct Answer ️️ -individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - Correct Answer ️️ -a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - Correct Answer ️️ -the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - Correct Answer ️️...

Auguste Conte Suggested we apply scientific method to social world, which is known as Positivism Viewed society as a living organism, similar to an animals body - must function together to function smoothly. (functional analysis) Herbert Spencer *Called 2nd founder of sociology *disagreed with Conte, believed sociologists should not guide social reform *societies are evolving from lower to higher form *society's most capable and intelligent members service - the less capable die ...

Auguste Conte - Suggested we apply scientific method to social world, which is known as Positivism Viewed society as a living organism, similar to an animals body - must function together to function smoothly. (functional analysis) Herbert Spencer - *Called 2nd founder of sociology *disagreed with Conte, believed sociologists should not guide social reform *societies are evolving from lower to higher form *society's most capable and intelligent members service - the less capable die ou...

MIE 201 Test 1 business - correct answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - correct answer a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - correct answer the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - correct answer organizations that may provide goods or services but do ...

Business Management Exam Questions And Answers Solved Correctly Business - answerThe organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. What are the four resources a business needs in order to be successful? - answerHuman resources, material resources, informational resources, and financial resources. What do service businesses do? - answerThey provide services. Ex: Haircuts, legal advice, tax preparation, etc. Interme...

Economics Multiple Choice Exam Review |UPDATED| 100% Correct # Latest We are forced to make choices because a. not everything is limited. b. shortages are a constant situation. c. we live in a democracy. d. all resources are limited. *Ans* all resources are limited The four factors of production are the resources of land, labor, capital, and a. services. b. entrepreneurship. c. technology. d. goods. *Ans* entrepreneurship A truck used by a plumber is a type of a. capital. b. lab...

MIE 201 Chapters 1-3 (Test 1) business - correct answer individuals’ organizations who try to earn a profit by satisfying needs product - correct answer tangible or intangible characteristics that provide benefits profit - correct answer what it costs to make vs what the customer pays stakeholders - correct answer groups that have stakes in the success and outcomes of businesses managment - correct answer involves developing plans, coordinating employee's actions to achieve the f...

MIE 201 Test 1 business - correct answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - correct answer a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - correct answer the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - correct answer organizations that may provide goods or services but do ...

TEXES-Social Studies Exam Questions Correct Answers New Update (100% Pass) Opportunity costs - Answers -Loss of potential gain from other alernatives when one alternative is chosen Scarcity - Answers -Unlimited wants but limited resources Circular flow model - Answers -Defines the interactions & similarity between the households and the firms in the free market Capitalism - Answers -Economic and political system in which a country's trade and industry are controlled by private owner...