stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Exploring Economics Final Exam Flashcards | StudBud
Explore
/
Exploring Economics Final Exam
Exploring Economics Final Exam
61 terms
·
StudBud Administration
·
549 plays
#economics
Flashcards
61 cards
F
Practice quiz
P
Host live
L
Questions
61
Answers
1
Which is an example of a traditional economy
Amish
China
USA
Cuba
2
which is an example of ethical behavior in the workplace
turning in actual receipts for a business trip reimbursement
telling a friend something the boss said confidentally
sending a coworker an email asking for an date
telling the boss that u cannot work with a coworker
3
To protect your LOGO you need a
trademark
nothing
copyright
franchise
4
Juan maintains and operates the network of computer systems at the hotel.What is his profession
systems analyst
Technical writer
Systems administrator
webmaster
5
Loans made by the investor to the issuer
Futures
E-Commerce
Bonds
Stocks
6
Parts of the computer that you cannot touch, the applications
Software
IPOS
Disk
Hardware
7
In order to start a corporation, a business owner must have a
stocks
a charter
IPO
a partner
8
Identify new investors, apply for a loan, seeking employees
actualization
harvesting
resourcsing
concept development
9
Reports assets, liabilities, and owner's equity
owner's equity
statement of change
balance sheet
income statement
10
ADVANTAGE of a command economy compared with other types of economic systems?
government provides an equal standard of living for evryone
decisions are based on customs and tradition
business owneers are free to make their own decisions
government makes the decisions about what is produced
11
What is one difference between a bookkeeper and an accountant?
bookkeepers work in banks and accountants work for companies
accountants need less education than bookkeepers
accountants need more education than bookkeepers
Bookkeepers earn more money
12
The point at which the supply and demand curves meet
equalibrium
space and time
supply and demand lines
IDK
13
what is a disadvantage of a traditional economy compared with other types of economic systems?
government takes care of peoples need
decisions are centered toward the family
starte-of-the-art technology is not used
competition guides production desicions
14
To protect your art work, literacy text, and music, you need a
trademark
patent
nothing
copyright
15
creating a vision for the company, setting standards, communicating goals to employees
organizing
controlling
leadring
planning
16
report changes in owner's equity accounts
income statement
fiscal period
balance sheet
statement of change in owner's equity
17
A specific period of time covered by an accounting statement
Fiscal period
Last Year
Next Year
Time period
18
Collecting money from customers,and paying taxes are all examples of which function?
Accounting
human resources
information technology
operations
19
The amount of a good or service that a producer can provide
Supply
Demand
20
assigning managers different task, coordinating activties
leadring
organizing
controlling
planning
21
Individual's need or desire
Supply
Demand
22
What is a difference between a consumer and customer?
consumers purchase goods and services
Consumers make goods and services
customers purchase goods and services
customers make goods and services
23
Verifies the accuracy of an organization's financial needs
Stock Broker
Banker
Teller
Auditor
24
E-Commerce stands for
Everybody Commerce
Ebates Commerce
Electronic Commerce
Elite Commerce
25
What is one difference between a computer programmer and a software designer?
A software designer writes code for systems program
A computer programmer writes the codes for computer program
A computer programmer plans the computer program
A computer programmer coordinates the coding work
26
physical parts of the computer
applications
hardware
software
IPOS
27
how does e-commerce impact the U.S economy?
businesses have no need for sales people
consumers refuse to shop in traditional malls
businesses have very little competition
consumers except product availability 24-7
28
Maintain email accounts, installing software applications, maintaining hardware
information technology
operations
human resources
accounting
29
DISADVANTAGE of a market economy compared with command economy
government sets prices in a market econ.
market econ. provide equal standard of living for everyone
Market econ. create a huge gap between wealthy and poor
market econ. do not offer much competition for consumers
30
What China and France's economy have in common?
both allow the market to distribute wealth
both have limited government control over businesses
both rely on consumer to guide and make production decision
both have strong central government
31
Owner's Equity is
amount of assets minus the amount of assets
amount of assets minus the amount of owner's equity
amount of assets minus the amount of income
amount of assets minus the amount of liabilities
32
How are grandparents, Wachovia bank, and credit unions classified?
fiends and relatives of the entrepreneur
legal protection for the new business
marketing strategies for the new business
potential investors for an entrepreneur
33
Chief financial officers and personal financial advisers are examples of which type of career?
accounting
banking
budgeting
finance
34
Lacey designs computer systems for Dell computers.What is her profession?
Computer engineer
computer programmer
Computer administrator
Help desk technician
35
Part of business plan that includes Price, Place (distribution), Promotion, Product
industry plan
management plan
financial plan
marketing plan
36
What is an advantage of market economy compared to traditonal
innovation and competition in the market place
the government decided what is produced
Economic decisions are made the way they are always made
equal standard of living for everyone
37
What is an asset?
Anything of value
Money Owed
38
To protect an invention, you need a
patent
trademark
nothing
copyright
39
What is an advantage of a franchise over a sole proprietorship?
Parent company will pay off the franchisees stat up costs
Parent company provides traning and support to the business
franchisees do not have to work in the business
Franchisees can sell stock to start up the business
40
opening new checking accounts for customers, and preparing certified checks are classified as?
budgeting
banking
finance
accounting
41
The nature of work for a help desk technician would usually include?
answering telephone calls
working outside
creating software
managing computer networks
42
A device that connects you to the internet
modem
wifi
phone jack
speakers
43
Assets = Liabilities + Owner's Equity is called
Accounting Equation
Accounting Math
Accounting Problem
Accounting Taxes
44
Promoting, distributing, and products are all classified as which type of function?
marketing
management
accounting
human resources
45
What type of economy does China and Cuba have
Mixed
Command
Common
Traditonal
46
Section in business plan that includes processes involving producing and delivering products
financial plan
organizational plan
marketing plan
operational plan
47
How does a bull market impact the U.S economy?
consumers will purchase more larger appliances and cars
consumers will purchase fewer single-family homes
consumers will save more money in the bank and spend less
americans will invest less money in the stock market
48
Compare the way economic decisions are made in the U.S. with the way they are made in China.
Individuals and government make decisions in U.S.
Individuals and government make decisions in China
Tradition dictates how decisions are made in China
Government makes all the decisions in the U.S.
49
A agreement made to buy or sell commodity (oil or gold) in the future
Future
E-Commerce
Bonds
Stock
50
Central Bank of the USA
Wells Fargo
Federal Reserve
51
college presidents, school superintendents, and principals are examples of which career?
administrative service manager
public relations manager
human resources manager
education administrator
52
How is a cooperation different from a sole proprietorship and partnership?
corporations provide lower owner taxes
corporations are easier to start
corporations provide limited owner liability
corporations do not require a charter
53
Section in business plan that list income statement. balance sheet, and owners equity
operational plan
financial plan
marketing plan
growth plan
54
Which economic system does not use technology
Market
Traditional
Command
Mixed
55
What do mixed economy and market economy have in common?
big gap between weathly and poor
government controls the market place
equal standard of living
competition in marketplace
56
Part of business plan that list the qualifications of management team
management team plan
organizational plan
marketing plan
operational plan
57
What do wants and needs have in common?
Both needs and wants are services
Both needs and wants are things people use
Both needs and wants are things people must have
Both needs and wants are goods
58
What is an advantage of a market economy compared with a command economy?
market ecoomies do not offer much competition
market economies provide an equal standard of living
market economies create a gap between the wealthy and poor
the government sets prices in a market economy
59
What would cause a new business to have very few sales during its first year?
lack of a trademark for the company logo
failure to pay taxes for the new business
failure to apply for a a loan or grant
lack of good advertising campaign
60
Money owed by a business
Balance sheet
Liability
Income statement
Assest
61
Report revenue, expenses,net income (loss)
balance sheet
net worth
income statment
owner's equity
