Wednesday, October 2, 2019
how to listen to a driver :: essays research papers
I.Ã Ã Ã Ã Ã WHAT IS A BUSINESS? Describe how businesses and nonprofit organizations add to a countryÃ¢â¬â¢s standard of living and quality of life. A.Ã Ã Ã Ã Ã BASIC CONCEPTS 1.Ã Ã Ã Ã Ã A BUSINESS is any activity that seeks profit by providing goods and services to others. 2.Ã Ã Ã Ã Ã PROFIT is the amount a business earns above and beyond what it spends. CONCEPT CHECK 3.Ã Ã Ã Ã Ã Businesses also provide people with the opportunity to become wealthy. B.Ã Ã Ã Ã Ã BUSINESSES CAN PROVIDE WEALTH AND A HIGH QUALITY OF LIFE FOR ALMOST EVERYONE. 1.Ã Ã Ã Ã Ã ENTREPRENEURS are people who organize, operate, and assume the risk of starting a business. 2.Ã Ã Ã Ã Ã Businesses are a part of an economic system that helps to create a higher standard of living and quality of life for everyone. 3.Ã Ã Ã Ã Ã The QUALITY OF LIFE of a country refers to the general well-being of a society C.Ã Ã Ã Ã Ã NONPROFIT ORGANIZATIONS USE BUSINESS PRINCIPLES. 1.Ã Ã Ã Ã Ã Nonprofit organizations such as government agencies, public schools, charities, and social causes help make a country more responsive to all the needs of citizens. 2.Ã Ã Ã Ã Ã A NONPROFIT ORGANIZATION is an organization whose goals donÃ¢â¬â¢t include making a profit for its owners. 3.Ã Ã Ã Ã Ã You need the SAME SKILLS to work in nonprofit organizations that you need in business, including information management, leadership, marketing, financial management. 4.Ã Ã Ã Ã Ã Businesses, nonprofit organizations, and volunteer groups often strive to accomplish the same objectives. I.Ã Ã Ã Ã Ã II.Ã Ã Ã Ã Ã ENTREPRENEURSHIP VERSUS WORKING FOR OTHERS. Explain the importance of entrepreneurship to the wealth of an economy and show the relationship of profit to risk assumption A.Ã Ã Ã Ã Ã There are TWO WAYS TO SUCCEED IN BUSINESS: 1.Ã Ã Ã Ã Ã One way is to rise up through the ranks of a large company. 2.Ã Ã Ã Ã Ã The more risky path is to start your own business. B.Ã Ã Ã Ã Ã OPPORTUNITIES FOR ENTREPRENEURS. 1.Ã Ã Ã Ã Ã Millions of people have taken the entrepreneurial risk and succeeded. 2.Ã Ã Ã Ã Ã Entrepreneurs have come from all over the world to prosper in America. a.Ã Ã Ã Ã Ã The number of Hispanic-owned businesses in the United States grew by 76% in the 1990s. b.Ã Ã Ã Ã Ã Increases have also been made by Asians, Pacific Islanders, American Indians, and Alaskan Natives. 3.Ã Ã Ã Ã Ã The number of women business owners has also dramatically increased. C.Ã Ã Ã Ã Ã MATCHING RISK WITH PROFIT 1.Ã Ã Ã Ã Ã Not all businesses make a profit; profit is revenue minus expenses. 2.Ã Ã Ã Ã Ã REVENUE is the money a business earns by selling goods and services. 3.Ã Ã Ã Ã Ã A LOSS occurs when a businessÃ¢â¬â¢s costs and expenses are more than its revenue, the money a business earns by selling its products. 4.Ã Ã Ã Ã Ã RISK is the chance you take of losing time and money on a business that may not prove profitable. CONCEPT CHECK 5.Ã Ã Ã Ã Ã Rewards and risk are related.