Study Guide

BUSN115 Midterm Study Guide



To earn full credit for the leaven questions, your response to each question should answer the question solely in approximately 2 3 paragraphs. The exam reflects the pursuance course objectives and possible topics:


Know how government regulation affects the economy.
standard of Living and Quality of Life
Show the relationship of supply and read as illustrated on supply and command curves.
The place where total demanded and supplied meet is called the equilibrium point. When we put both the supply and demand curves on the same graph, we find that they intersect at a price where the quantity supplied and the quantity demanded are equal. In the wide run, the market price will tend toward the equilibrium point.
trammel elements of productivity and how it back end be increased.
An increase in productivity means a worker can produce much goods and go than before in the same time period, commonly thanks to machinery or other equipment. Productivity in the unite States has risen because computers and other technology have made take faster and easier. The higher productivity, the lower the costs of producing goods and services, and the lower prices can be. Therefore, businesspeople are eager to increase productivity.



Remember, however, that high productivity can lead to high unemployment.
Define quality of flavor.
The term quality of life refers to the general well-being of a society in terms of its political freedom, natural environment, education, wellness care, safety, amount of leisure, and rewards that add to the satisfaction and joy that other goods and services provide
Know the similarities and differences between for profit and not-for-profit formations.
A nonprofit organization is an organization whose goals do not include making a personal profit for its owners or organizers. Nonprofit organizations often do strive for financial gains, but they use them to meet their brotherly or...If you want to get a full essay, order it on our website: Ordercustompaper.com



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