Areas of Business

Question 1

How firms obtain and use capital (money, equipment) for business operations, circulation of money, granting of credit (loans) and making investments.

Answer 1

finance

Question 2

Process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational objectives.

Answer 2

marketing

Question 3

Study of how people use their limited resources to satisfy wants and needs.

Answer 3

economics

Question 4

Importing/exporting and how business interactions among various countries are modified based on cultural and legal differences.

Answer 4

international business

Question 5

Organizing, operating and assuming the risk for a business venture.

Answer 5

entrepreneurship

Question 6

Economics

Answer 6

Study of how people use their limited resources to satisfy wants and needs.

Question 7

Accomplishing the goals of an organization through the effective use of people and other resources.

Answer 7

management

Question 8

Accounting

Answer 8

Record business transactions, prepare budgets, analyze statements and calculate the value of a person or business.

Question 9

Marketing

Answer 9

Process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational objectives.

Question 10

Entrepreneurship

Answer 10

Organizing, operating and assuming the risk for a business venture.

Question 11

Contracts, ethics and other topics as they relate to a consumer’s rights in society.

Answer 11

business law

Question 12

International Business

Answer 12

Importing/exporting and how business interactions among various countries are modified based on cultural and legal differences.

Question 13

Record business transactions, prepare budgets, analyze statements and calculate the value of a person or business.

Answer 13

accounting

Question 14

Finance

Answer 14

How firms obtain and use capital (money, equipment) for business operations, circulation of money, granting of credit (loans) and making investments.

Question 15

Business Law

Answer 15

Contracts, ethics and other topics as they relate to a consumer’s rights in society.

Question 16

Management

Answer 16

Accomplishing the goals of an organization through the effective use of people and other resources.