Business Sample Questions Review

A collection of vocabulary flashcards based on key concepts from the provided business sample questions and principles.

Secondary Data

Data that has already been collected and published for some purpose, often used in marketing research.

Net Working Capital

The difference between current assets and current liabilities, indicating a company's liquidity.

Tort of Negligence

A legal claim arising from a failure to exercise appropriate care, which results in damage or injury.

Systems Flowchart

A diagram that documents the sequence of processing steps that occur in an information system.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.

Fiscal Policy

Government policies regarding taxation and spending to influence the economy.

Liquidity Ratio

A financial ratio that measures a company's ability to pay off its short-term liabilities.

Capital Asset Pricing Model (CAPM)

A model that describes the relationship between systematic risk and expected return, often used in finance.

Family Branding

A marketing strategy that involves marketing various products under the same brand name.

Information System

A system that collects, organizes, stores, and communicates data for business operations.

Web 2.0

The second generation of the World Wide Web, characterized by the shift from static web pages to dynamic and interactive content.

Interest-Rate Parity

An economic theory stating that the difference in interest rates between two countries is equal to the expected change in exchange rates.

Critical Path

The sequence of stages in a project that determine the minimum time needed for completion.

Tariffs

Taxes imposed on imported goods to protect domestic industries.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes.

Online Survey

A research method where participants respond to questions over the Internet.

Fixed Costs

Business expenses that remain constant regardless of the level of goods or services produced.

Direct Labor

The work done by employees directly involved in producing goods or delivering services.