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  1. Economic systems are divided into
  2. Strong economy
  3. Accounting
  4. Business
  5. Managers
  6. Producer price index (PPI)
  7. Responsible for assuring that products are of high quality
  8. Inflation
  9. Questions asked by economists
  10. Monetary policy is used to
  11. Labor
  12. Laissesz faire
  13. Main participants of business
  14. Demand
  15. Types of competition
  16. Economist
  17. Functional areas of business
  18. Capital
  19. Gross domestic product (GDP)
  20. Betty Vinson
  21. Natural Monopolies
  22. Unemployment eate
  23. Product Differentiation
  24. Economic Goals
  25. The system with the highest level of government control
  26. Full employment
  27. Central planning by the government dictates
  28. Price stability
  29. Deflation
  30. Operations manager
  31. National debt
  32. General phases of the business cycle
  33. Fiscal policy
  34. Federal Reserve System "FED"
  35. Land and natural resources
  36. Financial accountant
  37. Mixed market economy
  38. Monetary policy
  39. Command economy
  40. Management
  41. Depression
  42. Consumer productions
  43. Two types of business
  44. Tangible
  45. Supply
  46. Capitalism
  47. Oligopoly
  48. Example of perfection competition
  49. Entrepreneurship
  50. Factors of production
  51. Planned system
  52. Managerial accountant
  53. External forces that influences business activities
  54. Resources
  55. Consumer price index (CPI)
  56. Equilibrium Price
  57. Surplus
  58. Marketer
  59. Perfect competition
  60. Intangible
  61. Competition
  62. Communist economy
  63. Business cycle
  64. Monopolistic Competition
  65. Monopoly
  66. Market Price
  67. Legal Monopolies
  68. Marketing
  69. Operations
  70. Free market system
  71. Economics
  72. Finance
  73. Invisible hand
  74. Deficit
  1. a Operations manager
  2. b Study the interactions between household and businesses and look at the ways in which the factors of production are combined to produce the goods and services people need
  3. c A monthly index that measures the changes in prices of a fixed basket of goods purchased by a typical consumer in an urban area
  4. d Economy, government, consumer trends, and public pressure to act as good corporate citizens
  5. e The rise in the level of peoces
  6. f Prosperity, recession, depression, recovery
  7. g Government influence on the amount of savings and expenditures; accomplished by altering the tax structure and by changing changing the levels of government spending
  8. h Unable to be touched or grabbed
  9. i Responsible for planning, organizing, staffing, directing and controlling company's resources.
  10. j The government exerts control over the allocation and distribution of all or some goods and services
  11. k Planned systems, and free market systems
  12. l A term created by Adam smith to describe how an individual's personal gain benefits others and a nations economy
  13. m The process of developing and promoting differences between ones products and all competitive products
  14. n An economic system in which the government decides what goods and services will be produced, how they will be produced, for whom available the goods and services will be produced, and who owns and controls the major factors of production
  15. o Director of management of worldcom
  16. p Perfect competition, monopolistic competition, oligopoly, and monopoly
  17. q Has the power the control money, supply and interest rates
  18. r Planning for, obtaining, and managing a company's funda
  19. s The questions asked by economist
  20. t When 95% of those wanting to work are employed
  21. u Owners, employees, and customers.
  22. v Public utilities
  23. w The price at which the quantity demanded is exactly equal to the quantity supplied
  24. x Relies on both markets and the government to allocate resources
  25. y The economic system in which most businesses are owned and operated by individuals
  26. z A market situation in which there are many buyers along with a relatively large number of sellers who differentiate their products from the product of competitors
  27. aa Goods, services
  28. ab Perceptible by touch
  29. ac The market situation in which there are many buyers and sellers or a product, and no single buyer or seller is powerful enough to affect the price of the product
  30. ad Consists of everything that a company does to identify customers needs and designs products to meet those needs
  31. ae Arises when a company received a patent giving it exclusive use of an invented project or process
  32. af Control the money supply and interest rates
  33. ag Commercial fishermen brings his fish to the local market, he has little control over the price he gets and must accept the going market price
  34. ah A market (or industry) in which there are few sellers
  35. ai People have more money to eat out at places where food standards are monitored by a government agency
  36. aj Leaving things alone
  37. ak A severe recession that lasts no longer than a typical recession and has a larger decline in business activity when compared to a recession
  38. al The quantity of a product that producers are willing to sell at each value of various prices
  39. am Prepare information su had as reports on the cost of materials used for the production process. Internal use only
  40. an A decrease in the level of prices
  41. ao Transforms resources (labor, materials , money) into products
  42. ap The study of production, distribution, and consumption of goods and services
  43. aq Management, operations, marketing, accounting, and finance.
  44. ar The inputs to produce outputs
  45. as Land, labor, capital, entrepreneurship
  46. at 1. What goods and services should be produced to meet consumers needs? In what quantity? When should they be produced?
    2. How should goods be produced?
    3. Who should receive the goods and services produced?
  47. au Provides skill and creativity needed to bring other resources together to produce a good or service to be sold to a marketplace
  48. av The total value of all goods and services produced by all people within the boundaries of a country during a one year period
  49. aw Dictates how goods and services will be allocated
  50. ax Growth, high employment, and price stability
  51. ay Communism
  52. az An index that measures prices that producers receive for the finished goods
  53. ba The quantity of a product that buyers are willing to purchase at each of various prices
  54. bb The government owns all or most enterprises
  55. bc Transforms raw materials into goods or services
  56. bd A market (or industry) with only one seller, and there are barriers to keep other firms from entering the industry
  57. be The percentage of a nations labor force unemployed at any time
  58. bf When the average of the prices for goods and Services either doesn't change or had changed very little
  59. bg Prepare financial statements to help users both inside and outside of the organization asses financial strength of the company
  60. bh Needed for production process (equipment, buildings, vehicles, cash)
  61. bi Measuring,summarizing and communicating financial and managerial information
  62. bj Provide needed raw material
  63. bk When the government takes in more money in a given year than it spends
  64. bl Responsible for the work performance of others
  65. bm An economic system in which individuals own or operated the majority of businesses that provide goods and services
  66. bn Any activity that provides goods or services to consumers for the purpose of making profit.
  67. bo The price at which the buyers are willing to purchase the amount the sellers are willing to sell
  68. bp The person who designs and oversees the transformation of resources into goods or services
  69. bq Develops the benefit and feature of products
  70. br The reoccurrence of periods of growth and recession in a nations economic activity
  71. bs When the government spends more money than it takes in
  72. bt Federal reserves decisions that determine the size of the supply of money in the nation and the level of interest rates
  73. bu The total amount of money owed by the federal government
  74. bv Goods and services purchased by individuals for personal consumption