1. It is considered the start of the Great Depression because it is the day the stock market crashed.
2. Value of stocks fell almost 73% between the years of 1929-1933.
3. During the 1930's, almost 9000 banks closed. Some only closed temporarily, yet all together the number of banks dropped to one fifth of what it was.
4. Nobody could find a job during the great depression. Some people were laid off, and there was no job openings everywhere. This put people in an depressing state because there was nothing they could do, hence the Great Depression.
5. Recession follows depression in the economic cycle.
Wednesday, September 29, 2010
Friday, September 17, 2010
Chapter 2 Review 14-17 , 21
14.) Competition has been beneficial to me in many ways. During a charity event, competition brings more buyers. That was beneficial to me because it made us more money. Another example is during a sport, such as basketball. Competition always makes me try harder and in that case, its beneficial to me because I try harder and have more determination.
15.) I believe natural resources is the most important factor of production because it is one of the resources that we cannot control. It is up to us to make sure we will have enough supply of natural resources for our future. We basically need natural resources to live.
16.) I agree on the statement. People in America focus too much on their personal needs and not enough on the needs of America as a whole. People are so consumed in making money and having the next new trend that they forget that our country is in huge financial problems. We need to stop focusing on personal success and start focusing on fixing our problems as a whole.
17.) Recycling can be considered renewable resources because were reusing the items we've already used over and over again, there for, those certain things that can be recycled are considered renewable. On the other hand, its not renewable because companies are not making products recyclable like they used to. Many people also don't realize the need for recycling, and they are not doing it. This is making us waste many many materials, there for if people don't recycle, all those products are non renewable.
21.) I believe ethics should be considered in making economic choices. Many companies go about making financial decisions the same way, they conduct research, collect and analyze data, monitor economic trends, and develop forecasts. They need to go about this in a professional way in order for them to be respected in the business system. If nobody used ethnics, the business system would be a lot less organized and more chaotic. Also, i think if no ethics were used, competition would be a lot greater and more intense.
15.) I believe natural resources is the most important factor of production because it is one of the resources that we cannot control. It is up to us to make sure we will have enough supply of natural resources for our future. We basically need natural resources to live.
16.) I agree on the statement. People in America focus too much on their personal needs and not enough on the needs of America as a whole. People are so consumed in making money and having the next new trend that they forget that our country is in huge financial problems. We need to stop focusing on personal success and start focusing on fixing our problems as a whole.
17.) Recycling can be considered renewable resources because were reusing the items we've already used over and over again, there for, those certain things that can be recycled are considered renewable. On the other hand, its not renewable because companies are not making products recyclable like they used to. Many people also don't realize the need for recycling, and they are not doing it. This is making us waste many many materials, there for if people don't recycle, all those products are non renewable.
21.) I believe ethics should be considered in making economic choices. Many companies go about making financial decisions the same way, they conduct research, collect and analyze data, monitor economic trends, and develop forecasts. They need to go about this in a professional way in order for them to be respected in the business system. If nobody used ethnics, the business system would be a lot less organized and more chaotic. Also, i think if no ethics were used, competition would be a lot greater and more intense.
Wednesday, September 8, 2010
Chapter One: Write About It
16.) Market Research is key on maintaining a successful business. Market research is the act of gathering and analyzing information about the wants, needs, and preferences of consumers in a certain market. It is really important for businesses to know what their consumers want, otherwise they will not produce a product that is successful and they will not make a profit.
Companies should do market research on a daily basis because the wants of the people do change periodically. If the businesses keep up with the public wants, there products should always be in demand. If their products are always in demand, they will be successful.
17.) The decisions that businesses make do affect me as a consumer, because there products or services are what I'm looking to purchase. If they make bad decisions, such as their service is bad or they make low quality products, that makes me want to go elsewhere and they lose business and profit then.
18.) The decisions I make affect businesses greatly. I am their customer, which gives them profit, and they want to please the consumer as much as possible. If I decide that I like one product more than the other, they will begin producing that product more because they want the profit. Consumers make trends, and businesses follow with their products.
21.) Sample Confidentiality Agreement
This is a sample confidentiality agreement from the banking industry. Its purpose is to keep information regarding the corporations financial information confidential. These agreements are used in many different fields to basically keep things private. This certain one is for financial matter.
Companies should do market research on a daily basis because the wants of the people do change periodically. If the businesses keep up with the public wants, there products should always be in demand. If their products are always in demand, they will be successful.
17.) The decisions that businesses make do affect me as a consumer, because there products or services are what I'm looking to purchase. If they make bad decisions, such as their service is bad or they make low quality products, that makes me want to go elsewhere and they lose business and profit then.
18.) The decisions I make affect businesses greatly. I am their customer, which gives them profit, and they want to please the consumer as much as possible. If I decide that I like one product more than the other, they will begin producing that product more because they want the profit. Consumers make trends, and businesses follow with their products.
21.) Sample Confidentiality Agreement
This is a sample confidentiality agreement from the banking industry. Its purpose is to keep information regarding the corporations financial information confidential. These agreements are used in many different fields to basically keep things private. This certain one is for financial matter.
Tuesday, September 7, 2010
KWL
I do not know a lot about business, but i do know that a lot of topics branch off of business. Things such as investing, the economy, advertising, mathematics, and decision making all have a lot to do with business. I know that its not just all suit and tie, sitting at a desk. It is much more than that.
I would like to know all the parts of business, and see if I would possibly like to go into a career of business. I want to know all the possible careers options involved, and all about them. I want to know about the income of people in business, and what it ranges from. I would like to use this class as a sort of an experiment for me to figure out what I would like to be when I grow up.
I would like to know all the parts of business, and see if I would possibly like to go into a career of business. I want to know all the possible careers options involved, and all about them. I want to know about the income of people in business, and what it ranges from. I would like to use this class as a sort of an experiment for me to figure out what I would like to be when I grow up.
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