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BBI EXAM review Flashcards | StudBud
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BBI EXAM review
BBI EXAM review
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1
To give rights to someone to make a product without others copying it is called:
unlimited liability
copyright
credit rating
patent
2
Entrepreneurs watch trends in the market, which means they watch ____________
price
demand
patterns
fads
3
Net Income equals
Revenue - Liabilities
Revenue + Owner's Equity
Assets - Liabilities
Revenue - Expenses
4
In accounting, all of the following are double-underlined, except
Total Liabilities
Total Liabilities and Owner's Equity
Net Income
Total Assets
5
The following are all assets, except
Building
Accounts Receivable
Car
Sales Revenue
6
A mutual fund has all of the following except:
capital loss
diversification
management fee
maturity date
7
All of the following factors impact demand, except:
change in taste
change in population
production costs
future expectations
8
Gross Income minus mandatory deductions equals
income tax
discretionary income
EI
disposable income
9
The following are all factors of production, except
labour
information
natural resources
quality control
10
Ronald McDonald is an example of a
Trade Character
Endorsement
Mascot
Logo
11
If Assets are 1000, Revenue is 300, and Owner's Equity is 800, then liabilities must be
700
200
500
1100
12
A variable expense
never changes
is less than fixed expense
may change each month
is discretionary income
13
TV media has high reach and high frequency
true
false
14
Which of the following is not one of the four Ps of marketing
Price
Production
Place
Promotion
15
If you sell a stock for less than you paid for it, you will have a:
dividend
capital gain
capital loss
interest
16
The following are all liabilities, except
Bond
Accounts Payable
Rent Expense
Bank Loan
17
The HR function of "compensation" means:
to give a bonus
to provide pay and benefits
to evaluation
pay employees that get hurt
18
1CAD = 0.72USD. If I exchange $1000 USD to CAD, I will get:
$720.00
$1000
$1388.88
$1280.00
19
In an indirect channel, the ____________ sells directly to the consumer
manufacturer
retailer
producer
wholesaler
20
A leader that makes decisions with the employees' input is a:
laissez-faire leader
autocratic leader
democratic leader
21
The following all impact pricing decisions, except
competition
production cost
liabilities
demand
22
The following logo is for:
General Motors
General Mills
Ford
General Electric
23
Match the logo to the slogan:
American By Birth, Rebel by Choice
Beauty Outside. Beast Inside
American Made. American Ridden.
Ride American. See America.
24
A bond gives the investor ownership in the company
False
True
Depends
25
If demand is high, and supply is low, you would expect the price to:
be very low
be very high
not change
26
The following are all skills of an entrepreneur, except:
Communication
Risk-taker
Leadership
Decision-Making
27
A tariff is a:
tax on imports
tax on exports
limite on imports
28
A corporation has all the following characteristics, but:
limited liability
legal person
unlimited liability
board of directors
29
The management function of "organizing" means:
to put people into teams and tasks
to mange time well
to keep the office organized
to plan and schedule
30
When countries rely on each other, we say they are
interdependent
importing
trading
31
CPP stands for
Canada Planning Place
Canada Pension Principal
Canada Principal Plan
Canada Pension Plan
32
______________ is when you spread your risk among a variety of investments
Risk managment
Liquidity
Diversification
Equilibrium
33
What is the FV of a 6%, $1000 bond compound annually, that matures in 3 years?
$1191
$1387
$1160
$2095
34
The following are all demographic characteristics of a target market, except
age
gender
income
interest
35
If one person owns a business with unlimited liability, then it must be a:
shareholder
sole-proprietorship
corporation
partnership
36
A stock is more liquid than a GIC
True
False
37
CSR stands for
Corporate Savings Record
Corporate Social Responsibility
Credit Savings Record
Creative Stephen Records
38
If imports are $100 and exports are $80, the balance of trade is
$80 favourable
$20 unfavourable
$20 favourable
$80 unfavourable
39
Protectionism means to
create trade barriers
create interdependence
use corporate espionage
hide prices
40
A bond has all of the following except:
principal
maturity date
interest
dividend
41
In, general, a bond is safer than a stock
False
True
