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Business Economics Preview Flashcards | StudBud
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Business Economics Preview
Business Economics Preview
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Business Economics Preview
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
Who sings the song "Never Be The Same"?
Camila Cabello
Cardi B
Dua Lipa
Bebe Rexha
2
What is the form of income one gets for providing financial capital to a firm?
rent
wages
interest
profit
3
The process by which management negotiates with laborers is called ___.
nominal negotiations
collective bargaining
labor management relations
union arrangement protocol
4
When the stock market is generally doing well for a period of time, this is a(n) ___ market.
tiger
bear
eagle
bull
5
What is the name of the company the pictured individual runs?
Microsoft
Amazon
Apple
Facebook
6
A smart but not-very-famous U.S. president once said, "The business of America is ___."
government making sure everyone is taken care of
using taxes to make government bigger and better
taxing people so government can provide for them
business
7
For businesses to succeed, they must always be making improvements to products, or ___.
inventing
allocating
innovating
imagining
8
What is the title of the pictured individual?
Secretary of Treasury
Chief Justice
Chairman of the Council of Economic Advisors
Secretary of Commerce
9
What is the title of the pictured individual?
Federal Reserve Chairman
Quarterback of the Super Bowl winning Kansas City Chiefs
Secretary of Commerce
President of the Council of Economic Advisers
10
The practice of knowing things unlawfully kept from the public to exploit stock values is ___.
stock manipulation
embezzlement
insider trading
securities fraud
11
Legally a corporation is ___.
licensed to do the business it does
never liable for its debt obligations
a human being
non-profit
12
In the long run all costs are ___.
explicit
fixed
variable
implicit
13
The revenues of the No. 1 Fortune 500 U.S. company last year were ___.
$4 trillion
$4oo billion
$85 billion
$18 trillion
14
Producing output at ___ will generate the most profit for a firm.
revenue times price
marginal cost equaling marginal revenue
revenue minus costs
profits over margins
15
Firms are always keeping an eye on their ___, because if they don't they may lose business.
loving pets
thieving employees
closest competitors
smart bureaucrats
16
Firms are ALWAYS thinking about the cost of what they could otherwise be doing, or their ___.
stock options
opportunity cost
alternative production
variable costs
17
The best strategy to employ when investing is
Diversify your portfolio
Utilize information technology
Buy stocks when they're low
Allocate your income distribution
18
The money used for getting the things needed to start or improve a business is ___.
registration income
currency
dollar increments
financial capital
19
What are the names of the pictured individuals?
Cowboy Earl and Spaceman Spiff
Rick and Morty
Woody and Buzz
Chip and Dale
20
What is the title of the pictured individual?
Secretary of State
Chairperson of the Federal Reserve Board
Governor of California
General Manager of the next Super Bowl winning team
21
All of the following are factors of production
except
physical capital
human resources
enterprise
income
22
The process of managers always thinking about the firm's next decision is ___.
marginal analysis
income generation
profit maximizing
resource allocation
23
Should you buy a stock and keep it, never selling it, the reward is earning ___.
dividends
income
capital
money
24
What is notable about the pictured individual?
1st richest in world, owns Oracle
2nd richest in world, owns Global Financial Capital
3rd richest in world, owns Berkshire Hathaway
4th richest in world, owns Wal-Mart
25
Why are businesses in operation to make people's lives better with what they produce?
To generate capital
To make money
To earn profits
To exploit people
26
Who is the most powerful person in a large business organization?
The President
The Chairman of the Board
The Chief Operating Officer
The Preferred Stockholder
27
Adam Smith said when people are out ___, firms do well and that makes an economy strong.
pleasing the government
being nice to people
working hard
getting as rich as they possibly can
28
Most of a top executive's compensation for doing the job is in his/her ___.
stock ownership
salary
bonus package
accoutrement benefits
29
The place notable for representing the financial health of the country is
Wall Street
Broadway
Capital Avenue
Madison Avenue
30
Who is this individual, named one of the best entrepreneurs of the last century?
James Stewart
Henry Ford
Charles Lindburgh
Walt Disney
