Busn 201 vcu - Study guides, Class notes & Summaries

fiscal policies - ️️government influence on the amount of savings and expenditures, accomplished by altering the tax structure and by changing the levels of government spending invisible hand - ️️a term created by Adam Smith to describe how an individual's personal gain benefits others and a nation's economy Technical Skills - ️️skill required to accomplish a specific kind of work being done in an organization. (managers may not perform but should be able to train employe...

BUSN 201 VCU Exam 1 Chapter 1 Study Guide Solutions business - ANSWER-the organized effort of individuals to produce and sell for a profit the goods and services that satisfy society's needs. free enterprise - ANSWER-the system of business in which individuals are free to decide what to produce how to produce it and at what price to sell it Interpersonal Skills - ANSWER-the ability to deal effectively with individual employess other managers within the firm and people outside the firm ...