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BEP 2O1-EXAM REVIEW 2025 Flashcards | StudBud
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BEP 2O1-EXAM REVIEW 2025
BEP 2O1-EXAM REVIEW 2025
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1
TD Bank & Canada Trust joined together in 2000 to create what type of business structure?
Board of Directors
Merger
Sole Proprietorship
Franchise
2
A store with a physical and online presence.
Mortar and Tap
Mortar and Swipe
Brick and Tap
Brick and Click
3
Used for essential expenses.
Disposable income
Deliberate income
Discretionary income
Disproportionate income
4
What is 'insolvency'?
The business can't make a decision
A type of glue
When a company's assets are worth less than its liabilities
An indication that the business is performing well
5
A document that explains how employees should respond in different situations....
Code of Ethics
Company Policy
Mission Statement
Company Mission
6
Kawalling is an acceptable negotiation practice in international trade negotiations.
False
True
7
What is the Accounting equation?
Owner's Equity= Assets - Liabilities
Assets = Liabilities + Owner's Equity
Assets = Liabilities - Owner's Equity
Owner's Equity = Assets + Liabilities
8
Theft was reported by a fellow employee to management. The person reporting is called...
Snitch
Whistle-Blower
Tattle tale
Waste Yute
9
Who elects the board of directors in a corporation?
The board itself
The employees of the company
The stockholders
The president of the company
10
REVENUE-EXPENSES= ?
ACCOUNTS PAYABLE
CASH FLOW
PROFIT
DEBT
11
Liquidity (in accounting) means
Mrs. T's coffee
ability to convert to cash
investing
water
12
Coca Cola and Starbucks is an example of...
Direct Competition
Indirect Competition
13
What is 'Accounts Receivable'?
The company's budget for the next year
Money a company owes to its suppliers
Money owed by customers to a company
Money invested in the company
14
Which of the following products is considered to be obsolete?
Network Drive
Cloud Storage
Floppy Disk
USB Key
15
The income generated from the sale of goods or services...
Revenue
Profit
16
The amount of $ a person is responsible for paying back, which they invested in the business.
Limited liability
Unlimited Assets
Unlimited liability
Limited Assets
17
Who has claims on the assets of a business
Owners & Creditors
Creditors
Assets
Owners
18
Natural, Human and Capital are examples of:
Environmental Degradation
Products
Economic Resources
Processes
19
Which of the following does NOT contribute to your credit score?
Your debt-to-credit ratio
Your payment history
Length of credit history
Which banks issued your credit cards
20
The business that makes the products/goods in their facility is referred to as...
Wholesaler
E-Tailer
Producer
Retailer
21
A individual who brings entrepreneurial characteristics to an organization.
Entrepreneur
Wantrepreneur
Intrapraneur
Confused
22
The quantity of a good or service that consumers are willing and able to buy.
Demand
Supply
Stock
Tax
23
Shareholders can buy stock in which of the following types of business?
Public Corporation
Private Corporation
24
Rules that we use to help us decide what is good and what is bad...
Ethics
Dilemmas
Values
Morals
25
A business owned and operated by ONE individual.
cooperative
sole proprietorship
soul proprietorship
partnership
26
Buying goods for the purpose of showing off...
Money well spent
Conservative Consumption
Conspicuous Consumption
Egotistical
27
Total income generated by the sale of goods & services related to the primary business
Cost of Goods Sold
Revenue
AR
Assets
28
The CBC and Canada Post are examples of a...
Municipal Corporation
Crown Corporation
29
How can a poster effectively address the "DESIRE" stage of the AIDA model?
By providing a "Buy our product!" button
Communicating the benefits offered by the product
Developing trust through consistent content
Running paid advertisements
30
Borrowing money from the bank to start a business...
Debt Financing
Angel Investing
Equity Financing
Dumb
31
What is a 'headhunter'?
An executive recruiter
A finance consultant
A safety officer
A team leader
32
Raises money by making shares available to thousands of people...
private corporation
sole proprietorship
public corporation
soul proprietorship
33
The group of people buying a product or service...
Consumer
Customer
34
SOHO
Small Owner, Home Owner
Small Office, Home Office
Small Organization. Home Organization
Special Owner, Human Owner
35
The highest level on Maslow's Hierarchy of Needs is...
Love/Belonging
Self-Esteem
Self-actualization
Safety/Security
