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Every business is characterized by a set of controllable variables that determines the relative success (or lack of it) of market participants called ________.

Although developing a strategic plan is important for large companies, it is not essential to managing a small company successfully because of its limited resources.

Kevin Abt noticed that people were cooking meals in their homes less often but wanted to avoid the hassle of going out to eat. They wanted to “eat in” without cooking. Abt launched a company, Takeout Taxi, that delivers restaurant-prepared food to his customers’ homes and businesses. Takeout Taxi is the result of a(n) ________.

Cloud computing allows businesses to use a variety of applications and has reduced costs and added flexibility.

Stockholders in the corporation have the same kind of liability as general partners in a partnership.

Although earning a profit may be a company’s first responsibility, it is not its only responsibility.

The United States is moving toward a “minority ________.”

The “Das Spelunker” corporation, formed in Germany and conducting business in the U.S., is considered to be a(n) ________ corporation.

In the ________ form of ownership, the business itself pays income taxes.

The left brain processes information intuitively – all at once, relying heavily on images.