PBMF Spring 21 Semester Exam Review (Ch 7,8,10,12, 16, 17, 18)

Which of the following require disclosure of the APR?

Which of the following would NOT be considered one of the marketing functions?

Anthony’s months pay is $1,520. He spent $250 on rent, $100 on groceries, & $300 on other. What is his net cash flow?

Which of the following generally is NOT a goal of a business budget?

This regulation requires credit bureaus to delete info dealing with a personal bankruptcy that is more than 10 yrs old

Which of the following would NOT be considered a benefit?

To prepare a budget, a business must be able to identify and predict the amount of each source of income and expense

This regulation requires that you be told the cost of credit before signing an agreement.

A successful budget

Formal negotiation between unions and management resolve issues through

Bonita writes many checks each month. Which type of checking account is probably the best choice for her?

With ____________________, the bank deducts payments from your account and transfers them to the appropriate companies.

All of the following are improper check-writing procedures EXCEPT

Work groups are an ineffective way for employees to gain experience with management activities.

One leadership characteristic is dependability, which means leaders...

This work arrangement offers one job to two people, each of whom works a part-time schedule.

All of the following are private businesses that collect/publish financial info on similar businesses/industries EXCEPT

Almost everyone has the same beliefs about what constitutes ethical behavior.

An artificial limit placed on minority groups moving into positions of authority and decision making is called the

A W-2 is a summary of a worker’s earnings for the previous year and includes the amount deducted for taxes.

The Federal Trade Commission reports that credit card fraud is a major problem.

In a ____________________ plan, employees receive their regular compensation plus a portion of the company’s earnings.

Except for some retirement accounts, the FDIC insures all accounts in the same name at each bank up to an amount of

Take-home pay is

Simple interest =

Choosing target markets and studying their needs and decision-making processes can make promotion more effective.

Which of the following is a disadvantage of using credit?

At the end of a period covered by a budget, the business will prepare new financial statements.

Services are intangible; This means that

Contests, games and product give-aways are examples of

The way a manager treats and involves employees is called

Which of the following correctly shows the budgeting process?

To plan effective promotions, marketers must first

Which of the following is NOT a common way businesses pay employees?

The work environment consists of both the physical conditions and the psychological atmosphere in which employees work.

This type of charge account requires the buyer to make full payment within a stated period.

The process of good money management should start with knowing your current financial status.

It is illegal for a state or local government to purchase goods on credit.

This nondeposit financial institution makes loans for durable goods like cars, refrigerators, & financial emergencies.

Management is the ability to motivate individuals and groups to achieve increased morale.

Supervisors often have non-management duties in addition to their management work.

Almost ___________________ percent of U.S. banks are FDIC members.

Which of the following scenarios will most likely result in comparatively low prices?

A creditor is a business or individual who is willing and able to provide information about your creditworthiness.

A canceled check is a check that has been paid by the bank.

A majority of employees in most businesses receive a weekly or monthly salary.

A business will make a profit if

Personal selling is usually done

In the U.S. workforce, white-collar workers are more important than blue-collar workers.

Which of the following is NOT a c from the Three Cs of Credit?

When you put money into your checking account, you will fill out a 

Financial analysts do not expect much further change in the way Americans use banks and money.

Zack has endorsed a check by writing “For deposit only” above his signature. This is a

One of the first things you should do as part of the financial planning process is to

In which of the following situations should a manager use tactical management?

Which of the following is NOT a major responsibility of a company’s human resources department?

A statement will report all of the following information EXCEPT

In 2015, the size of the U.S. workforce was more than ____________________ people.

A pension is the amount of money an insurance company pays to a person who has previously deposited money.

The staffing management function

All of the following would be considered expenses EXCEPT

After several new product ideas have been generated, companies will

Mutual savings banks are organized mainly for

If you lose your debit card your liability for purchases is only $50 if you notify your bank within 2 days of the loss.

If you borrowed $100 for one year and paid $110 at maturity, the interest rate you paid would be 10 percent.

Personalized promotion is the most effective and least expensive form of marketing communication.

This part of Social Security provides death benefits to dependents of workers who die.

Which type of financial records identify the amount assets have decreased in value due to their age and use

This type of credit occurs when a company receives goods from a supplier and pays for them later

Which of the following is one of the service-providing industries?