Have an account?
Skip to Content
Build your own quiz
Suggestions for you
55 questions
Show Answers
See Preview
- 1. Multiple ChoiceWhich of the following is NOT a common way businesses pay employees?bi-weeklymonthlyweeklyyearly
- 2. Multiple ChoiceA W-2 is a summary of a worker’s earnings for the previous year and includes the amount deducted for taxes.TrueFalse
- 3. Multiple ChoiceAll of the following are private businesses that collect/publish financial info on similar businesses/industries EXCEPTStandard and Poor’s.Value Line.the National Federation of Independent BusinessDun and Bradstreet.
- 4. Multiple ChoiceAt the end of a period covered by a budget, the business will prepare new financial statements.TrueFalse
- 5. Multiple Choice
Which of the following would NOT be considered one of the marketing functions?pricingrepairingpromotionselling - 6. Multiple ChoiceServices are intangible; This means thatThey have no physical form.Their availability must match demand at a specific timethey cost more than productsThere will be differences in the type & quality of service
- 7. Multiple ChoiceWhich of the following is NOT a c from the Three Cs of Credit?capitalcapacitycreativitycharacter
- 8. Multiple ChoiceAfter several new product ideas have been generated, companies willproduce a few and test them to see which is most populardevelop marketing strategies for all of themevaluate the ideas to determine which is most likely to workdetermine a production proceedure
- 9. Multiple ChoiceTo prepare a budget, a business must be able to identify and predict the amount of each source of income and expenseTrueFalse
- 10. Multiple ChoiceExcept for some retirement accounts, the FDIC insures all accounts in the same name at each bank up to an amount of$25,000.$250,000.$2,500.$2,500,000.
- 11. Multiple ChoiceWhen you put money into your checking account, you will fill out acheck stubcheck registersignature card deposit slip
- 12. Multiple ChoiceA creditor is a business or individual who is willing and able to provide information about your creditworthiness.TrueFalse
- 13. Multiple ChoiceThis nondeposit financial institution makes loans for durable goods like cars, refrigerators, & financial emergencies.pawnshopconsumer finance companyinvestment companycredit union
- 14. Multiple ChoiceZack has endorsed a check by writing “For deposit only” above his signature. This is ablank endorsement.full endorsement.special endorsement.restrictive endorsement.
- 15. Multiple ChoiceContests, games and product give-aways are examples ofsales promotionspublicitypersonalized promotionspublic relations
- 16. Multiple ChoiceWhich type of financial records identify the amount assets have decreased in value due to their age and useasset recordscash recordsdepreciation recordsaccounts payable records
- 17. Multiple ChoiceA successful budgetshould not need to be re-evaluated once it is in place.should never show any variances.should be flexible.should reflect current and future income.
- 18. Multiple ChoiceThis regulation requires credit bureaus to delete info dealing with a personal bankruptcy that is more than 10 yrs oldBankruptcy Act of 2002Consumer Credit Reporting Reform ActFair Debt Collection Practices ActFair Credit Reporting Act
- 19. Multiple ChoiceA statement will report all of the following information EXCEPTthe balance that was due when the last statement was mailed.whether the item was purchased on sale.the amounts charged during the month.the amounts credited to your account for returned items.
- 20. Multiple ChoiceTo plan effective promotions, marketers must firstmake sure they have a large advertising budget.have face to face meetings with customers.understand the communication process.know what their message is.
- 21. Multiple ChoiceIf you lose your debit card your liability for purchases is only $50 if you notify your bank within 2 days of the loss.TrueFalse
- 22. Multiple ChoiceAn artificial limit placed on minority groups moving into positions of authority and decision making is called theiron curtainsilver-lined cloudglass ceilingvelvet glove
- 23. Multiple ChoiceA majority of employees in most businesses receive a weekly or monthly salary.TrueFalse
- 24. Multiple ChoiceAlmost ___________________ percent of U.S. banks are FDIC members.90755099
- 25. Multiple ChoiceIf you borrowed $100 for one year and paid $110 at maturity, the interest rate you paid would be 10 percent.TrueFalse
- 26. Multiple ChoiceA canceled check is a check that has been paid by the bank.TrueFalse
- 27. Multiple ChoiceWhich of the following scenarios will most likely result in comparatively low prices?A product has few close competitors because it is unique.A product is highly complex and technical.Supply for a product is low and demand is high.Products are sold at a large warehouse store with no service
- 28. Multiple ChoiceThis type of credit occurs when a company receives goods from a supplier and pays for them laterloan creditproperty creditsales credittrade credit
- 29. Multiple ChoiceAll of the following are improper check-writing procedures EXCEPTavoid making checks payable to “Cash.”overdraw your account whenever possiblepostdate all of your checks.write your checks in pencil.
- 30. Multiple ChoicePersonal selling is usually doneon the internetby telephonevia advertisingface to face with the customer
- 31. Multiple ChoiceThis type of charge account requires the buyer to make full payment within a stated period.regular charge accountrevolving charge accountbudget charge accountsales charge account
- 32. Multiple ChoiceIn a ____________________ plan, employees receive their regular compensation plus a portion of the company’s earnings.stock optionsstraight salaryprofit-sharingcafeteria
- 33. Multiple ChoiceWhich of the following require disclosure of the APR?sales credit agreementsloan credit agreementsboth a and bneither a nor b
- 34. Multiple ChoiceFinancial analysts do not expect much further change in the way Americans use banks and money.TrueFalse
- 35. Multiple ChoiceWhich of the following generally is NOT a goal of a business budget?to predict the types and amounts of expenses for the businessto determine the sources and amounts of incometo convince employees to take a pay cut so the business won't go bankruptto determine how income will be distributed to cover expenses
- 36. Multiple ChoiceWhich of the following correctly shows the budgeting process?set goals; maintain records; plan categories: evaluateplan categories; set goals; maintain records; evaluateset goals; plan categories; maintain records; evaluatemaintain records; plan categories; evaluate; set goals
- 37. Multiple ChoiceSimple interest =P x RP x R x TP x TS x R x T
- 38. Multiple ChoiceThis regulation requires that you be told the cost of credit before signing an agreement.Fair Credit Reporting ActFair Credit Billing ActEqual Credit Opportunity ActTruth-in-Lending Law of 1968
- 39. Multiple ChoiceWhich of the following would NOT be considered a benefit?paid vacationunpaid vacationhealth insurancesalary
- 40. Multiple ChoiceThis work arrangement offers one job to two people, each of whom works a part-time schedule.FlexspaceTelecommutingJob SharingFlextime
- 41. Multiple ChoiceOne of the first things you should do as part of the financial planning process is topurchase life insurancedevelop financial goalscreate a balance sheet and cash flow statementbegin searching for a better-paying job
- 42. Multiple ChoiceA pension is the amount of money an insurance company pays to a person who has previously deposited money.TrueFalse
- 43. Multiple ChoiceTake-home pay isthe amount of a paycheck before taxes and other payroll deductions.the money you have available to spendthe amount you will receive when you cash your paycheck.cash inflows minus cash outflows.
- 44. Multiple ChoiceBonita writes many checks each month. Which type of checking account is probably the best choice for her?interest-earning checking accountspecial checking accountregular checking accountactivity checking account
- 45. Multiple ChoiceWhich of the following is a disadvantage of using credit?immediate possessionconveniencecredit ratingoverbuying
- 46. Multiple ChoiceWhich of the following is one of the service-providing industries?agricultureminingreal estateconstruction
- 47. Multiple ChoiceThe Federal Trade Commission reports that credit card fraud is a major problem.TrueFalse
- 48. Multiple ChoiceA business will make a profit ifrevenue equals expensesexpenses decrease and revenue increasesexpenses are greater than revenuerevenue is greater than expenses
- 49. Multiple ChoicePersonalized promotion is the most effective and least expensive form of marketing communication.TrueFalse
- 50. Multiple ChoiceThis part of Social Security provides death benefits to dependents of workers who die.survivors insuranceretirement insurancedisability insuranceunemployment insurance
- 51. Multiple ChoiceMutual savings banks are organized mainly forbusiness loanssavings and home loanscheck cashingcar loans
- 52. Multiple ChoiceWith ____________________, the bank deducts payments from your account and transfers them to the appropriate companies.credit cardsautomatic teller machinesautomatic bill paymentdirect deposit
- 53. Multiple ChoiceChoosing target markets and studying their needs and decision-making processes can make promotion more effective.TrueFalse
- 54. Multiple ChoiceIt is illegal for a state or local government to purchase goods on credit.TrueFalse
- 55. Multiple ChoiceAll of the following would be considered expenses EXCEPTinterest earned on investmentstaxespurchases of supplieswages paid to employees
- Answer choicesTagsAnswer choicesTags