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Freshman success > Business and Government > Flashcards

Business and Government Flashcards

1
Q

Chanel of distribution

A

The path that the product travels from producer to the consumer.

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2
Q

Direct Distribution

A

Brings products to the consumer directly from the producer.

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3
Q

Extractor

A

A business that grows products and takes raw materials from nature.

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4
Q

Indirect distribution

A

At least one or several middle firms.

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5
Q

Manufacturer

A

Takes extractors products and changes form consumers can use.

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6
Q

Marketer

A

A business involved in moving goods.

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7
Q

Retailer

A

sells products directly to the consumer.

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8
Q

Service business

A

Does things for you.

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9
Q

Wholesaler

A

Sells large quantities to a retailer.

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10
Q

Boar of directors

A

A responsibility guide.

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11
Q

Certificate incorporation

A

A written permission

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12
Q

Cooperative

A

Owned and managed insert.

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13
Q

corporation

A

Written permission state located

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14
Q

Dividend

A

Part shareholder receives

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15
Q

Franchise

A

sells someone else products

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16
Q

Franchisee

A

who recieves permission

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17
Q

Franchiser

A

Parent grants permission

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18
Q

Non-profit corperation

A

Operate profit

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19
Q

Partnership

A

Small group not more than two

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20
Q

Shareholder/stockholder

A

buying shares of stock.

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21
Q

Sole proprietorship

A

Owned by one person.

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22
Q

Business Ethics

A

Employees ought to behave.

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23
Q

Code of Ethics

A

Rules for guiding

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24
Q

Conservation

A

scarce resources

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25
Q

Ethics

A

Principles conduct

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26
Q

Non-renewable

A

cannot be replaced

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27
Q

Social responsibility

A

Well-being community

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28
Q

Balance of payments

A

The amount that goes into a country and out of it.

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29
Q

Balance of trade

A

Total exports and total imports

30
Q

Embargo

A

The government stopping the export.

31
Q

Exchange rate

A

One country compared to another country

32
Q

Exports

A

Goods we sell to other countries

33
Q

Imports

A

The things we buy from other countries

34
Q

International business

A

Includes all business activities

35
Q

Multinational company

A

Countries world wide

36
Q

Quota

A

Government limits time

37
Q

Tariff

A

A tax imported products

38
Q

Antitrust Laws

A

Promote monopolies

39
Q

Contract

A

Agreement to exchange money

40
Q

Copyright

A

Protects creative work

41
Q

INTERstate

A

Involving in more than one state

42
Q

INTRAstate

A

In only one state

43
Q

Monopoly

A

Business has control

44
Q

Patent

A

inventor sells for 17 years

45
Q

Public utility

A

Vital to all people

46
Q

Revenue

A

Government-income

47
Q

Trademark

A

A word letter or symbol

48
Q

Ford Motor Company

A

Manufacturer

49
Q

Best Buy

A

Service business

50
Q

School tutor

A

Service busniness

51
Q

Miner

A

Extractor

52
Q

Netflix

A

marketer

53
Q

Footlocker

A

Marketer

54
Q

Pool cleaner

A

Service business

55
Q

Grape wine production

A

Manufacturer

56
Q

Oil worker

A

Extractor

57
Q

Major league baseball

A

Manufacturer

58
Q

Instagram

A

Marketer

59
Q

Babysitter

A

Service business

60
Q

Farmer

A

Extractor

61
Q

Lawn care company

A

service business

62
Q

Don´s Barbershop

A

Sole prop

63
Q

American red cross

A

Non-profit

64
Q

Taco bell

A

Franchise

65
Q

Amanda and Pete

A

partnership

66
Q

NPS credit union

A

Co-op cooperative

67
Q

WWE

A

Corporation

68
Q

The power of state governments to regulate business activities within their own boundaries is called???

A

INTRAstate

69
Q

A trucking company that ships products to several states is an example of what?

A

INTERstate

70
Q

What gives the federal government the power to regulate foreign and interstate commerce?

A

US Constitution

71
Q

What two things does the government protect in a Market Econnomy?

A

Contract and Intellectual property

72
Q

True or False: According to the law, corporations are considered people.

A

True

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