Business Explorations - Final Exam Review

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

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

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

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

A person's payment history is reflected in their

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

What would be considered DEBT financing?

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

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

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

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

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

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

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

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

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

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

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

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

Which one is a source of short-term credit?

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

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

What sets the market price of a share of stock?

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

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

Anything that I own

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

Typically, in investing, the greater the risk, _________________

What expenses can be easily changed with lifestyle adjustments?

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

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

You must complete and postmark your 1040EZ by _________________

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

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

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

Which account is considered a liability?

A corporation must declare dividends when making a profit

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

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

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

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

A distribution outlet channel that sells products to the customer.

Who is considered an owner of a corporation?

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

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

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

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

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

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

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