Entrp/Finance/BMA

Question 1

When filing a tort against a business, the plaintiff must establish that the defendant...

Accepted Answer

breached the duty of care.

Question 2

Type of financial statement includes an accounting of the shareholders' equity for a company?

Accepted Answer

Balance Sheet

Question 3

An economy with a high unemployment level tends to have...

Accepted Answer

lower rate of inflation

Question 4

Compliance in the finance industry involves financial institutions operating within...

Accepted Answer

regulatory guidelines

Question 5

Businesses usually invest in...

Accepted Answer

themselves

Question 6

What type of letter should a business include when sending copies of a contract to a vendor?

Accepted Answer

Transmittal

Question 7

When providing product information to clients, finance professionals should use...

Accepted Answer

simple explanations

Question 8

A characteristic of managerial accounting is that it focuses on...

Accepted Answer

capturing the business's day-to-day financial activities.

Question 9

The general economic growth of a country is supported by its...

Accepted Answer

level of productivity

Question 10

Which of the following is an example of a voluntary debtor-creditor relationship:

Accepted Answer

Obtaining a loan from a bank

Question 11

The process or activity of using goods is called

Accepted Answer

consumption

Question 12

Marketing to certain groups or individuals you are choosing to market towards is called...

Accepted Answer

Target Market

Question 13

Businesses usually invest in...

Accepted Answer

themselves

Question 14

The standards of right and wrong based on conduct and morals in a business is referred to as...

Accepted Answer

Ethics

Question 15

One way that individuals exhibit self-confidence is by being

Accepted Answer

enthusiastic

Question 16

Which of the following is an example of consideration in a contract?

Accepted Answer

Selling an item for $500

Question 17

Strategic Planning

Accepted Answer

Long term planning

Question 18

A business' agreement, spoken or unspoken

Accepted Answer

Brand Promise

Question 19

Which of the following are examples of deposit-taking financial institutions:

Accepted Answer

Credit unions, savings & loan associations,commercial banks

Question 20

What do some investors use to hedge the risk of investing in the foreign exchange market?

Accepted Answer

Derivatives

Question 21

Financial planning can be described as a way to...

Accepted Answer

realize what it takes to get the things you really want

Question 22

What is an important aspect of a customer-centric business?

Accepted Answer

Aligning business activities with customer needs

Question 23

In a business plan, entrepreneurs should include what customers they want to attract in the...

Accepted Answer

Market segment analysis

Question 24

Tactical Planning

Accepted Answer

Specific short term planning

Question 25

Why do small businesses have a positive effect on local communities?

Accepted Answer

They pay taxes

Question 26

Helps sellers provide information to buyers about their products

Accepted Answer

Promotion

Question 27

One of the benefits to a business of reinforcing service orientation through communication?

Accepted Answer

Builds positive relationships with customers

Question 28

A type of informal communication that coworkers often use to communicate with each other?

Accepted Answer

Grapevine

Question 29

Which of these is a change in the business environment that start-ups must closely monitor

Accepted Answer

Technology

Question 30

What is a reason people decide to be entrepreneurs?

Accepted Answer

Flexibility

Entrp/Finance/BMA

Questions 30

Entrp/Finance/BMA

Questions 30