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Reddie for Henderson Day - Business Review Flashcards | StudBud
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Reddie for Henderson Day - Business Review
Reddie for Henderson Day - Business Review
20 terms
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StudBud Administration
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Business Review #HSU
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
A person who organizes, manages, and assumes the risk of a business.
Dr. Campbell
Factory worker
Accountant
Entrepreneur
2
In accounting, the left side of an account is called the ____ side
Debit
Credit
Positive
Negative
3
The average letter grade of 15 - 18 year olds taking a national financial literacy test
B
D
A
C
4
This is the percentage of millionaires who did not graduate from college.
2%
50%
0%
20%
5
Marketers are the only ones who market.
Amazon
False
Absolutely
True
6
Debts and obligations of a business are referred to as
Assets
Contracts
Credit Cards
Liabilities
7
A business that is organized as a separate legal entity owned by stockholders.
Corporation
Business
Limited Liability
Store
8
These skills are most important for top managers.
Analytical Skills
A high school diploma
Conceptual Skills
Common Sense
9
The focal point of all marketing activities.
Friends
Customer
Pictures
Family
10
The arrow under its name means that it sells everything from A - Z.
Zappos
eBay
Walmart
Amazon
11
The degree in which an organization achieves a stated goal
Quality
Efficiency
Quantity
Effectiveness
12
The basic accounting equation is Assets =
Liabilities + Stockholders equity
Liabilities + Cash
Assets + Money Spent
Liabilities - Stockholder equity
13
How much of your paycheck do you need to save in order to retire?
20 - 30%
50 - 60%
12 - 17%
100%
14
Marketing consists primarily of selling and advertising
False
Depends
True
Maybe
15
The loss of potential gain from other alternatives when one alternative is chosen.
Best cost
Fear of missing out
Opportunity cost
Marginal cost
16
A(n) ___ is a social entity that is goal-directed and deliberately structured.
organization
small business
Board of Directors
university
17
The report that provides the assets, liabilities, and stockholders equity at a specific date.
Receipt
Balance Sheet
Income Statement
Bank Statement
18
According to this law, as the price of a good rises, people plan to purchase less of it.
The law of laws
The law of supply
The law of physics
The law of demand
19
You believe that your employees are lazy. What type of manager are you?
Good Manager
Theory X Manager
Bad Manager
Theory Y Manager
20
The most popular car driven by millionaire's.
Bugatti
Mercedes
Toyota
Rolls Royce