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- 1. Multiple Choice
The part of the profits of a corporation that each shareholder receives.
Dividends
Price
Close
Mass media
- 2. Multiple Choice
A brief, written account of personal, educational, and professional qualifications and experience prepared by an applicant for a job
Patent
Resume
Budget
Survey
- 3. Multiple Choice
Assets = Liabilities + Shareholder Equity
Accounting Equation
Opportunity Cost
Commission
Compound Interest
- 4. Multiple Choice
Tasks that business performs for consumers.
Scarcity
Demographics
Price
Services
- 5. Multiple Choice
Amount of money a company receives during a specific period.
Marketing
Supply
Patent
Revenue
- 6. Multiple Choice
Set of documents prepared by a company to summarize its objectives and who how they will achieve it.
Corporations
Private Company
Income Statement
Business Plan
- 7. Multiple Choice
The process of working collaboratively with a group of people in order to achieve a goal. This is often a crucial part of a business.
Vision
Teamwork
Liability
FBLA
- 8. Multiple Choice
Financial statement that measures a company's financial performance over a specific accounting period. Compares revenue and expenses.
Public relations
Income Statement
Mission Statement
Time Value of Money
- 9. Multiple Choice
Business owned by two or more people who operate the business as co-owners.
Target Market
DECA
Partnership
Non-profit organization
- 10. Multiple Choice
Liabilities are the amounts owed to lenders and suppliers.
True
False
- 11. Multiple Choice
The law of demand states that if the price of CD’s rise, consumers willBuy more CDsBuy fewer CDsQuantity demanded will not change - 12. Multiple ChoiceThe law of supply states that if the price of CD’s rise, suppliers willSupply more CDsSupply fewer CDsQuantity supplied will not change
- 13. Multiple Choice
Resource
a service or other asset used to produce goods and services that meet human needs and wants.
a gap between insufficient resources and the many theoretical needs
land, labor, capital, and entrepreneurship.
is concerned with the optimal production and distribution of scarce resources.
- 14. Multiple Choice
The process of developing, promoting, and distributing products to satisfy needs and wants.
Marketing
Emotional buying
Rational buying
Promotion
- 15. Multiple Choice
A business owned and managed by a single individual.
Promotion
Partnership
Sole Proprietorship
Corporation
- 16. Multiple Choice
A business in which two or more persons combine their assets and skills
Partnership
Sole Proprietorship
Franchise
None-Profit
- 17. Multiple Choice
The 4Ps of marketing are Product, Price, Promotion, Place
True
False
- 18. Multiple Choice
The Marketing Mix is NOT the same as the 4 Ps
True
False
- 19. Multiple Choice
Physical, tangible products are called
Demand
Services
Supply
Goods
- 20. Multiple Choice
Partnership is the relation which subsists between persons who have agreed to combine their property,
labour or skill in some business and to share the profits there from between them.
True
False
Partly true
None of the above
- 21. Multiple Choice
_______ are things the people make or use to satisfy needs or wants.
Resources
Services
Goods
Producers
- 22. Multiple Choice
___________are activities that satisfy people's needs and wants.
Resources
Services
Goods
Producers
- 23. Multiple Choice
_______ used to produce goods and services.
Resources
Services
Goods
Producers
- 24. Multiple Choice
Materials that come from nature
capital resources
natural resources
human resources
- 25. Multiple Choice
People working to produce goods and services.
capital resources
natural resources
human resources
- 26. Multiple Choice
Goods made by people and used to produce other goods and services.
capital resources
natural resources
human resources
- 27. Multiple Choice
_______ are people who use goods ans services.
consumers
producers
services
goods
- 28. Multiple ChoiceWhat type of corporation combines the benefits of a partnership and a corporation?Limited Liability CompanyTrustCompany
- 29. Multiple ChoiceMcDonald's and Burger King are examples of....Sole ProprietorshipsPartnershipsCorporationsFranchises
- 30. Multiple ChoiceThis type of business is owned by one person.PartnershipSole ProprietorshipCorporationFranchise
- 31. Multiple ChoiceThis type of business is owned by two or more people.Sole ProprietorshipPartnershipCorporationFranchise
- 32. Multiple ChoiceThis type of business is owned by many people called stockholders.Sole ProprietorshipPartnershipCorporationFranchise
- 33. Multiple ChoiceThis type of business is a contractual agreement with a parent company to sell its products/services in an area.Sole ProprietorshipPartnershipCorporationFranchise
- 34. Multiple ChoiceWhat question (s) should you ask yourself whenever you are faced with an ethical dilemma?Is it legalIs it balanced/fairIs it rightAll of these
- 35. Multiple Choice
Behaving ethically means doing
what your friends do.
only what’s legal.
the right thing.
what benefits you the most.
- 36. Multiple Choice
Which of the following is an ethical issue:
Deciding whether to have French fries or a salad
Choosing between buying a new shirt or a new book
Deciding whether to lie to a friend or not
Choosing which movie to see this weekend
- 37. Multiple ChoiceAshley decided to _____________ her paper for class by copying and pasting from Wikipedia and saying she wrote it.PlagiarizeSellignorere-write
- 38. Multiple Choice
A ______ is a word, letter, or symbol linked with a specific company or product.
trademark
patent
consideration
checkmark
- 39. Multiple Choice
A _____ protects the creative work of authors, composers, and artists.
checkmark
trademarks
copyrights
patents
- 40. Multiple Choice
A law that protects your control over the creative work you make so that people must get your permission before they copy, share, or perform your work.
Creative Work
Copyright
Creative Commons
License
- 41. Multiple ChoiceThis leader encourages group members to participate, but retains the final say over the decision-making process.AutocraticDemocraticLaissez-Faire
- 42. Multiple ChoiceProvides clear expectations for what needs to be done and how it should be done.AutocraticDemocraticLaissez-Faire
- 43. Multiple ChoiceGenerally, the most effective leadership style.AutocraticDemocraticLaissez-Faire
- 44. Multiple ChoiceThis leader offers little or no guidance and leaves decision- making up to the group.AutocraticDemocraticLaissez-Faire
- 45. Multiple ChoiceWhich of the following is NOT one of the 4Ps?ProductPackagingPlacePrice
- 46. Multiple ChoiceWhat is meant by 'place' in business?Where a business isWhere a business sends productsWhere a business owner livesWhere customers live
- 47. Multiple ChoiceCreating a new commercial would be:ProductPricePlacePromotion
- 48. Multiple Choice
Place
An element of the marketing mix related to how to get the product from the producer to the customer
The location of the business
The positioning of a particular business within a geographical area
The development of online sales
- 49. Multiple ChoiceTangible goods, such as a baseball, or a cellphone.serviceswantsproductneeds
- 50. Multiple ChoiceThe possibility of losing some or all of a particiular investment.riskindexindustryprofit
- 51. Multiple ChoiceRepresents shares of ownership in a company.stockportfoliovolumeindustry
- 52. Multiple ChoiceA sum of money paid to shareholders of a corporation out of its earnings.indexdividendprofitinvest
- 53. Multiple Choice
A time when stock prices are RISING is called
transaction
bear market
bull market
- 54. Multiple Choice
a place where stocks and bonds are sold
coporation
bull market
bear market
stock exchange
- 55. Multiple Choice
A time when stock prices are falling
bull market
transaction
bear market
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