Business Study notes.

Intro to Business Study sheets for Mid-terms Chapter 1 Business:________________________________________________________________________________________________________________________________________________ Non-profit organization:________________________________________________________ ____________________________________________________________________________ What are the 3 types of resources used by businesses? 1._______________________________________________________________________________________________________________________________________________________ 2._______________________________________________________________________________________________________________________________________________________ 3._______________________________________________________________________________________________________________________________________________________ Globalization:_____________________________________________________________________________________________________________________________________________ Communism:_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Socialism:________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ Capitalism:_______________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ Free Market system:___________________________________________________________ ____________________________________________________________________________ Mixed Economy:______________________________________________________________ ____________________________________________________________________________ Economic expention:___________________________________________________________ ________________________________________________________________________________________________________________________________________________________ Inflation:_____________________________________________________________________ Contruction:__________________________________________________________________ ____________________________________________________________________________ Unemployment:_______________________________________________________________ Deprssion:___________________________________________________________________ Pure competition:______________________________________________________________ ____________________________________________________________________________ Monopolistic competition:_______________________________________________________ ________________________________________________________________________________________________________________________________________________________ Oligopoly:_______________________________________________________________________________________________________________________________________________ Monopoly:_______________________________________________________________________________________________________________________________________________ Monetary Policy:______________________________________________________________ ____________________________________________________________________________ Chapter 2 Constitutional law:_____________________________________________________________ ____________________________________________________________________________ Common law:_________________________________________________________________ ____________________________________________________________________________ Statuary law:_________________________________________________________________ ____________________________________________________________________________ Administrative law:____________________________________________________________ ____________________________________________________________________________ Federal courts handle cases involving:_____________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Provincial courts handle cases involving:___________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Law Suits:___________________________________________________________________ ____________________________________________________________________________ Mediation:___________________________________________________________________ ____________________________________________________________________________ Arbitration:_______________________________________________________________________________________________________________________________________________ Chapter 3 Business ethics:_______________________________________________________________ ________________________________________________________________________________________________________________________________________________________ Social responsibility:___________________________________________________________ ________________________________________________________________________________________________________________________________________________________ Ethical issue:_________________________________________________________________ ________________________________________________________________________________________________________________________________________________________ What are …showed first 75 words of 333 total…

…showed last 75 words of 333 total…entrepreneur?_____________________________________ ________________________________________________________________________________________________________________________________________________________ The keys to small business success:________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Why do small business fail:______________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Why do bankers turn down loans?_________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Advantages of a franchise:_______________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ What aspects of the business will the franchiser control?_______________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Disadvantages of a franchise:____________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Questions that WILL be on the exam! 1. What are the 3 types of organizations? ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 2. Discuss the barriers of international business. ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 3. What is the roll of a small business in our economy? (p.131) ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 4. Summarize the different levels of organizational trade. (p.96 chap. 4) ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________