Business Explorations - Final Exam Review

Which statement is considered a snapshot of all account balances and the accounting equation?

Using an ATM to withdraw cash from an out-of-network ATM will result in additional fees

An news story about a company or product televised on TV or in an article online

Dividing the market using a group's values, attitudes and interests.

If your business issues bonds, you will have to make regular interest payments to the investors

The number of tax allowances is determined by the number of people

What would be considered DEBT financing?

Which savings or investment is considered to be a more liquid investment?

The safest form of endorsement if you want to just deposit the check in your account

I am the check endorsement that has the highest risk for someone else cashing it?

I am a check that has been written but not yet cleared or processed by the bank for payment

A corporation must declare dividends when making a profit

A loan that has a higher interest rate offered to low credit score consumers.

Which account is considered a liability?

A person's payment history is reflected in their

Who examines the data prepared by accountants and then makes recommendations to management?

Assets = $300,000; Liabilities = $200,000; What would the Owner's Equity be?

A product's sales peak during which stage of the product life cycle?

The Marketing Mix contains the following elements:  Product, Price, Place and  ______

I am a stock issued by a corporation with long, steady records of paying dividends

A form used to tell your employer how much taxes you want withheld from your paycheck

If your company is showing a net loss, which of the following can a manager do?

Gross Income = $2,000;  Taxes = 20%; Net Income (Take-Home Pay) = __________

What expenses can be easily changed with lifestyle adjustments?

Which is a savings institution that is nonprofit, owned by its members sharing a similar bond.

Which one is a source of short-term credit?

A pricing strategy in which a company prices products listed at 9.98, 19.99, 39.99.

A result of when a business or person is unable to pay their bills.

If I bought my stock at $50 a share and sold it three months later at $60, I would have a:

Product life cycle stage where consumer awareness is very low and promotion expenses are high

Dividing the market using a group's age, income and education level

Finding small but profitable market segments and designing custom-made products for them

Who is considered an owner of a corporation?

Type of advertising that provides consumers data about their product (Ford Focus gets 30 mpg)

In budgeting, what would be your Net Income if your Gross Income was $1,000 at a 20% tax rate

A distribution outlet channel that sells products to the customer.

If your monthly rent was to increase by $100 what adjustment would you make to your budget?

Which statement shows the sales, COGS, operating expenses and profit over a period of time?

Which investment alternative gives you the greatest diversification of your investment funds?

What sets the market price of a share of stock?

I am a retirement investment option with a possible employer match and tax savings

Credit cards should be used for inexpensive purchases like groceries, gas and entertainment

You must complete and postmark your 1040EZ by _________________

Type of advertising recognized by a company name and logo (i.e. - McDonald's Golden Arches)

A small group of people who meet and discuss their opinions about products

Investing your $20,000 in a variety of investment alternatives like mutual funds, CDs and bonds

Net Income = $1,600; Fixed Exp. = $800; Variable Exp. = $700; how much money is left over?

Type of advertising that demonstrates a product is more superior to another product

Anything that I own

Typically, in investing, the greater the risk, _________________

Revenue = $100,000; COGS = $60,000; Operating Expenses = $35,000; Net Profit = _______