Business Explorations - Semester 2 Review Game

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

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

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

I am the insurance that covers employees injured on the job for lost wages or medical expenses.

Which account is considered a liability?

Which one is a source of short-term credit?

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

You must complete and postmark your 1040EZ by _________________

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

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

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

Who is considered an owner of a corporation?

Anything that I own

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

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?

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

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

What would be considered DEBT financing?

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

An insurance policy that provides healthcare coverage for retirees on Social Security

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

Life insurance policy covers the financial hardship of your ______________________.

When my car is vandalized in the parking lot at Woodfield Mall, this policy will cover me.

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

A life insurance policy that is less expensive and only lasts for a period of time

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

When at fault in an accident, this policy covers damage to the other person's vehicle

When at fault in a car accident, this policy covers injuries to other people in the other car

What expenses can be easily changed with lifestyle adjustments?

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

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

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

A person's payment history is reflected in their

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

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

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

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

Group Healthcare Insurance is less expensive than private (COBRA) insurance

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

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

When at fault in an accident, this policy covers damage to my car.

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

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

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

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

The fee that I pay when I have to file a claim due to being at fault of an accident

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

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

I can lower my monthly auto insurance premium by doing the following

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

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

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

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

All drivers in the State of Illinois need to have this policy to legally drive.