171.__________ is the amount a business earns after deducting what it spends for salaries and other expenses.
172.A business incurs a ___________ if its costs and expenses exceed its revenues.
173.__________ is the chance a business owner will lose the time and money invested in a business that proves to be unprofitable.
174.The total amount of money that businesses take in by selling goods and services is called _______.
175.A(n) ____________ is a person who assumes the risk of starting a business.
176.Starting a business always involves _______.
177.Often in business the greater the risk, the ___________.
A.greater the potential reward
B.lower the expected revenues
C.lower the value provided to society
D.greater the number of stakeholders
178.___________ is a measure of the general well-being and satisfaction derived from a variety of factors including political freedom, safety, education, and a clean environment.
A.Standard of living
B.Quality of life
C.Gross national income
D.Social satisfaction index
179.The amount of goods and services people can buy with the money they have is called their:
B.consumer price index.
D.standard of living.
180.The customers, employees, stockholders, suppliers, creditors, and others who stand to gain or lose by the policies and activities of a business represent the firm's: