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BBI 2O Exam Review Flashcards | StudBud
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BBI 2O Exam Review
BBI 2O Exam Review
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Review for the final exam
Flashcards
51 cards
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Practice quiz
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Questions
51
Answers
1
Which of the following mathematical formulas reflects a smart shopper?
$$$ + Advertising = Purchase
Benefit > Cost = Purchase
Money Avaialble < Cost = Purchase
I'm not good at math
2
Businesses and consumers relying on each other for survival is known as what?
Marketing
Social Responsibility
Busnicity
Interdependence
3
Which of the following is NOT an example of a need?
Education
Water
Shelter
Viteman C
4
Which supply factor was at play when the Model T became the 1st car to be sold to the masses?
Production Costs
Owner's Desire
Outside Factors
Changes in Technology
5
Which of the following accounts will not appear on a balance sheet?
Bank Loan
Furniture
Building
Revenue
6
Which of the following are examples of credit?
Credit Cards
Mortgage
All of the Above
OSAP
7
Which of the following are HR not responsible for?
Interviewing
Benefits
Pay
Promoting
8
This symbol represents what?
The Toronto Stock Exchange
Stock Prices Falling
A favourable stock market
Wall Street
9
Which of the following questions is a situational based interview question?
If you were a tree, what kind of tree would you be?
Are you good with finances?
Where do you see yourself in 5 years?
Tell me about a time you had to be a leader in the workplace
10
Which of the following is a substitute good for Coffee?
Tea
Soup
All of the Above
Doughnut
11
Mom and Dad buy Timmy a Skateboard. Mom pays the cashier Teisha. Who is the consumer?
Timmy
Dad
Mom
Teisha
12
Kal invests $100 in a GIC for 2 yrs at 5% interest. In 2 years, how much will he receive?
110
210
10
$105
13
What is on the 1st line of an Income Statement?
"Revenue"
The Date
The Name of the Statement
The Company's Name
14
Which of the following is not a TREND in business
Being Green
Globalization
The Health Trend
Brick & Morter Stores
15
Who is the target market of the commercial?
Males that like movies and TV
Everyone
People with TVs and Internet
Medium-low income, in a relationship and enjoy TV and movies
16
Demand for Ticat tickets is high this season as the team is projected to win more games.
Price of Substitute Good
Economical Factors
Outside Factors
Future Expectations
17
Something a business OWNS is called a(n) _____________.
Asset
Liability
Supply
Equity
18
Demand of snow shovels is higher in December. What demand factor is at play?
Price
Future Expectations
Outside Factor
Substitute Goods
19
What order are assets listed in on the Balance Sheet?
Largest to Smallest
Liquidity
Alphabetical
Smallest ot Largest
20
The highest possible Level of Maslow's Hierarchy
Self Esteem
Safety
Belonging
Self Actualization
21
Cindy's lawncare charges Mrs. Lee $25 for cutting her lawn. What is the credit?
Cash
Lawn Expense
Revenue
Accounts Receivable
22
Which of these are examples of a market?
Walmart
EBay
Brantford's Farmer's Market
All of the Above
23
Large tax breaks are an advantage of which type of business ownership?
Sole Proprietorship
Franchise
Corporation
Partnership
24
Are you ready for the exam?
After a couple of hours studying I will be
Heck no!
Hoping for a snow day
Not going to study, not going to lie
25
A business is in the red if:
Liabilities > Assets
Assets > Liabilities
Expenses > Revenues
Revenues > Expenses
26
Section B of the business cycle
Depression
Prosperity
Inflation
Recession
27
Accounts Receivable is which type of an account?
Liability
Asset
Expense
Owner's Equity
28
Which of the following is a debit account (increases on debit side)
A Bank Loan
Cash
P. Lovett, Capital
Accounts Payable
29
Which of the following FINANCIAL INSTRUMENTS is the most risky?
A GIC
A Bond
A savings Account
A Mutual Fund
30
Joe buys a car and will pay the dealership in 30 days. What is the credit in this transaction?
Accounts Receivable
Accounts Payable
Revenue
Car
31
The more demand there is for a product, what happens to the price?
Goes DOWN
Goes UP
Fluctuates
Stays the SAME
32
Which level of Maslow's Hierarchy is being targeted here?
Safety
Belonging
Physiological
Self Esteem
33
What position is being advertised in this slogan?
All of the Above
Effective
Canadian
Taste
34
Social Media has which advantage over traditional advertising?
A Younger demographic
Wider Reach
All of the Above
Cheaper
35
The S in the STP Process stands for what?
Specialization
Supplies
Segmentation
Specific
36
The term for doing business over the internet
Intra-Business
Globalization
Positioning
E-Business
37
What stage of the business cycle comes after a depression?
Prosperity
Recession
Inflation
Recovery
38
"Baby Boomers" are of a great interest to business because ___________.
They have great influence
They have the most disposable income
They are the largest group
They buy for more than one person
39
Which of the following will hurt your credit score?
Taking out a Loan
Not Paying Your Bills On Time
All of the Above
Buying Too Much Stuff
40
The preferred method for recruiting employees for most businesses.
"Help Wanted" Sign
Internally
Newspaper
Workopolis.ca
41
If you were to use one word for this course, what would it be?
Fun
Informative
Easy
Boring
42
A lack of control and a costly startup are disadvantages of which form of ownership?
Corporation
Parntership
Franchise
Sole Proprietorship
43
Gum, Chocolate Bars, Celebrity Gossip Magazines areall examples of:
Impulse Purchases
Items Available at Dollarama
Involved Purhases
Great Things to Spend Money On
44
Which of the following companies positions themselves as "innovative"
Little Caesars
Best Buy
Walmart
Samsung
45
Which of the following is not a Function of Business?
Human Resources
Marketing
Accounting
Advertising
46
Competition Helps Both the consumer and businesses. Why is this a true statement?
Lowers Prices
All of the Above
Drives Innovation
Gives Choice
47
An advertisements ability to last a long time is its ________________.
Durability
Cost
Reach
Frequency
48
The Accounting Equation States
A = L + OE
A + L = OE
OE = L - A
L = OE - A
49
Tim Horton's camp day is an example of?
Green Business
Social Responsibility
E-Business
All of the Above
50
The advantage of a stock over a bond is ________________.
They are safer
They are Transferable
All of the Above
They have greater potential
51
If you were a local sports store, what form of advertising would be the most effective?
Billboard
Television
Magazine
Youtube
