Thursday, August 17, 2006

Material for tomrrow's first quiz:

Capitalism: economic system where you always aim for profit. Market decides who wins.

Communism: all economic decisions are made by government.

Corporation: company owned by shareholders; larger corporations are usually divided into departments.

Partnership: two owners make decisions.

Sole proprietorship: one owner decides for business.

Marketing: selling things using PRICE, PRODUCT, PROMOTION and PLACEMENT.

Accounting: keeping track of expenses and revenue.

Remember to review the GPA calculations. Double the nine week grades and keep the final and midterm alone. Divide everything by 10.

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