bus101

Chapter 1 KWO’s

1.Business- (my kwo)

2.Product-

3.Profit-

4.Non-profit organization-

5.Stakeholders-

6.Economics-

7.Natural resources-

8.Human resources-

9.Financial resources-

10.Economic system-

11.Communism-

12.Socialism-

13.Capitalism(free-enterprise)-

14.Free-market system-

15.Mixed economics-

16.Demand-

17.Supply-

18.Equilibrium price-

19.Competition-

20.Pure competition-

21.Monopolistic competition-

22.Oligopoly-

23.Monopoly-

24.Economic Expansion-

25.Inflation-

26.Economic contraction-

27.Recession-

28.Unemployment-

29.Depression-

30.Gross domestic product (GDP)-

31.Budget deficit-

32.Standard of living-

33.Entrepreneur-

Chapter 2 KWO’s

1.Business ethics-

2. Social responsibility-

3. Ethical issue-

4.Bribes-

5.Plagiarism- (my kwo) stealing someone else’s work as your own, and not giving them credit.

6.Codes of ethics-

7.Whistleblowing-

8.Corporate citizenship-

9.Consumerism-

10.Sustainability-

Chapter 2 Appendix KWO’s

1.Business law-

2.Lawsuits-

3.Jurisdiction-

4.Trial court-

5.Appellate court-

6.Mediation-

7.Arbitration-

8.Mini-trial-

9.Private court system-

10.Federal trade commission(FTC)-

11.Uniform commercial code(UCC)-

12.Express warranty-

13.Implied warranty-

14.Tort-

15.Fraud-

16.Product liability

17.Contract

18.Breach of contract-

19.Agency-

20.Principal-

21.Agent-

22.Real property-

23.Personal property-

24.Intellectual property-

25.Sherman Antitrust act-

26.Clayton act-

27.Sarbanes Oxyley act-