Offering a computer with a mouse a keyboard
Offering a computer with a mouse, a keyboard, operating system, games and productivity software for one price that is lower than the price of all the individual pieces is called a. Price lining b. Bundle pricing c. Loss-leader pricing d. Yield-management pricing
____ is a variable expense. a. Rent b. Insurance c. Electric bill d. Depreciation
_______ is a fixed expense. a. Water bill b. Rent c. Gasoline d. Food bill
An example of exporting would be a. Products made and sold in Japan b. A European county’s tax on products made in other countries c. Products that were made in Poland bought by Polish consumers d. Products sold by a company in Mexico for purchase by Italian consumers
• When applying the Individualism approach to solving an ethical situation you would a. Do what is best for an individual person b. Do what is best for the greatest number of people c. Ensure that all peoples rights were respected and protected d. Treat all people fairly and consistently
When applying the Justice Approach to solving an ethical situation you would a. Do what is best for an individual person b. Do what is best for the greatest number of people c. Ensure that all peoples rights were respected and protected d. Treat all people fairly and consistently
An income statement is a financial statement that summarizes __________ over a specific period of time. a. Assets, Liabilities and Owners Equity b. Capital Gains and Loses c. Revenue and Expenses d. Return on Investments
. A key to buying foreclosures is: a. Patience b. Being flexible and open-minded c. Both a and b d. Never buy foreclosures
. What should you do if you overspend in one particular budget category? a. Immediately sit down and adjust another category to make up for the difference. b. Use your emergency fund adjust your budget the next month. c. Nothing—that’s the way it goes some months. d. Whatever you overspend needs to go on a credit card.
Which term is not associated with balancing a checking account? a. Reconcile b. Deposit c. Withdrawal d. Annual income
. A budget will not work if you: a. Don’t like numbers b. Leave things out c. Like to shop d. Don’t make a lot of money
Which of the following could explain a different balance between your statement and account register? a. Outstanding checks b. Unrecorded Deposits c. Manual error d. All of the above
. On average, how long will it take before your budget begins to work effectively? a. One month b. Two months c. Three months d. Six months
. A written cash flow plan is done every: a. Three months b. Month c. Six months d. Time your income changes
Which of the following is not a myth? a. 78% of Americans do not pay off their credit card balance every month. b. A credit card will teach teenagers how to handle money responsibly. c. Debt, if properly used, is a tool for building wealth. d. Playing the lottery will make you rich.
In which type of loan would you use your house for collateral? a. Adjustable Rate b. Home Equity c. Balloon Mortgage d. 15 -Year Fixed
Kevin has the following debts: Home Equity Loan, $24, 000; Visa, $1, 200; Student Loan, $5, 000; Car, $12, 000. How should he prioritize his debt snowball? a. Home Equity Loan, Visa, Student Loan, Car b. Visa, Car, Student Loan, Home Equity Loan c. Visa, Student Loan, Car, Home Equity Loan d. Cannot prioritize the debt snowball without knowing the interest rates on each debt
Payday lending and cash advance companies are aggressively targeting which group of people? a. Teens b. Elderly c. College graduates d. Military
On average, payday lending, cash advance and title pawn loans cost the consumer: a. 400% or more annually b. Nothing but the fee if you pay back the loan within 30 days c. Three times the APR of an average credit card d. 100 -250% annually
The Nike Swoosh is a a. copyright b. contract c. patent d. trademark
A tort is a a. fruit pie b. writing device c. civil crime d. computer
_______ is a fixed expense. a. Water bill b. Rent c. Gasoline d. Food bill
Business activities that occur within one country are called a. Foreign trade b. Domestic business c. International business d. Free trade
The government is involved in business by a. Taxes b. Regulations c. Subsidies d. All of the above
All employers are required to send their employees this form by January 31 so that the employees can prepare their individual income tax forms a. W-2 d. W-4 c. W-10 d. Form 1040
Answers B C B D A D C C A D B D C B A B C D A D C B B D A
- Slides: 26