EPF 2nd semester, 1st test review

Question 1

When price increases have little or no impact on the demand for a product it is called...

Accepted Answer

Inelastic Demand

Question 2

The type of stock research that relies on charts, trends, & an investor's perception of a stock

Accepted Answer

Technical Analysis

Question 3

Purchasing something on the "spur of the moment" is known as

Accepted Answer

Impulse Buying

Question 4

Buying strategy where you buy more of something to take advantage of lower prices; "best value"

Accepted Answer

Optimizing

Question 5

Type of costs that change with the quantity of units that are produced

Accepted Answer

Variable Costs

Question 6

This describes the flow of products and money through the economy in a simplified way

Accepted Answer

Circular Flow Model

Question 7

Which of the following is NOT one of Warren Buffett's recommendations for investing in stocks?

Accepted Answer

Select stocks based on recommendations from stock brokers

Question 8

Term describing market momentum where stocks & corp. profits are falling, & the economy is bad

Accepted Answer

Bear market

Question 9

Which of the following is NOT a ratio/metric used by a fundamental analyst to evaluate a stock

Accepted Answer

Moving Average Raio

Question 10

A product seller's contractual promise to fix or replace a product that's damaged/doesn't work.

Accepted Answer

Warranty

Question 11

As prices rise, consumers will replace more expensive items with less costly choices

Accepted Answer

Substitution effect

Question 12

Which of the following is NOT a stock market index used to measure stock market performance

Accepted Answer

New York Stock Exchange

Question 13

The total cost when units produced are 100, fixed costs-$1,000,000; variable costs-$20,000/unit

Accepted Answer

$3,000,000

Question 14

The term used to describe 2 goods that are bought & sold together; for example, CDs & CD player

Accepted Answer

Complementary goods

Question 15

The reasons that gas prices have dropped over the past several years are...

Accepted Answer

Greater supply of crude oil and lower demand for crude oil

Question 16

This economic law states that, as the price of a good goes down, demand for the good goes up

Accepted Answer

Law of demand

Question 17

This economic law states that, as the price of a good goes down, so does the supply of the good

Accepted Answer

Law of supply

Question 18

Unit cost when units produced are 100, fixed costs-$2,000,000; variable costs-$30,000/unit

Accepted Answer

$50,000

Question 19

A legal document that contains details of the agreement between the landlord and the renter.

Accepted Answer

Lease

Question 20

Which of the following is NOT a type of advertising?

Accepted Answer

Productive

Question 21

Type of costs that stay the same no matter what quantity of units are produced.

Accepted Answer

Fixed Costs

Question 22

The most important thing when choosing an apartment is...

Accepted Answer

If you can afford to pay your rent and other monthly costs

Question 23

A buying strategy where you buy as little as possible at the lowest possible price

Accepted Answer

Economizing

Question 24

What is the P/E ratio when the stock price is $50 and the earning per share are $5.00?

Accepted Answer

10.0

Question 25

A disciplined approach to shopping where you write down everything you intend to purchase

Accepted Answer

Buying List

EPF 2nd semester, 1st test review

Questions 25

EPF 2nd semester, 1st test review

Questions 25