Principles of Business - Mid Term Review

Match it! Select the correct answer from the pull down...Good luck!

The management team for Apple is considered what type of resource for that company?

An increase in the general level of prices.

If I had to choose to go eat pizza with friends or study for an exam and I chose to go with friends. The ________________ would be that I may not do well on my exam.

________ is a period in which demand begins to decrease, businesses lower production, unemployment begins to rise, and GDP growth slows for two or more quarters of the calendar year.

The way people get along with each other is called _____________.

The period where unemployment is highest in the business life cycle is _______.

The primary reason why businesses invest resources and take risks is to ______________.

In a _____________ the resources are owned and controlled by the people.