Define business.

A business had revenues of $679,000 and operating expenses of$588,000. Did the business (b) realize net profit?

In a class of 50 students, 29 are Democrats, 11 are business majors, and 5 of the business majors are Democrats. If one student is randomly selected from the class, find the probability of choosing a. a Democrat who is not a business major. b. a student who is neither a Democrat nor a business major.

A business had revenues of $679,000 and operating expenses of$588,000. Did the business (a) incur a net loss?

Which legal form of business organization is most common? Which form is dominant in terms of business revenues?

In a class of 50 students, 29 are Democrats, 11 are business majors, and 5 of the business majors are Democrats. If one student is randomly selected from the class, find the probability of choosing a. a Democrat who is not a business major. b. a student who is neither a Democrat nor a business major.

Describe how the following business transactions affect the three elements of the accounting equation. a. Invested cash in business

Briefly describe the difference between a so-called real business cycle and a more traditional “spending” business cycle

Analyze the excerpt and answer the questions that follow. "The more that managers raise their vision and look 5, 10, 20 years out, the more issues they see that affect their business. In this context, it makes sense to invest in Pre-K youth development programs." Which statement best summarizes the point of view expressed in this passage? A. Business leaders should focus only on short-term profits. B. Business leaders need to look carefully at the past. C. As businesses think longer term, they become more socially responsible. D. Investing in youth programs will make companies quick profits.

If a salesman takes a client to lunch, part of the cost of the lunch is a deductible business expense for his company. Some members of Congress have argued that this feature of the tax code benefits relatively wealthy businesspeople and should be eliminated. Yet their arguments have been met with greater opposition from eating and drinking establishments than from companies themselves. Explain.

What approaches can we use to forecast business cycles? Is it difficult to predict business cycles? Why?

In which stage or stages of the business cycle would there be more personal bankruptcies? More business formations?

Match the terms with the definitions . Some terms may not be used.

___ Working for yourself

a. business plan

b. experience

c. goal

d. intermediate goal

e. lifestyle business

f. long-term goal

g. selfemployment

h. short-term goal

i. side business

j . venture business

The BCG matrix is a means of evaluating strategic business units based on their:

A. business costs and share of the market.

B. differentiation and profitability.

C. business growth rates and share of the market.

D. product quality and profitability.