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BBI 2O Exam Review Flashcards | StudBud
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BBI 2O Exam Review
BBI 2O Exam Review
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Review for the final exam
Flashcards
51 cards
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Practice quiz
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Questions
51
Answers
1
Accounts Receivable is which type of an account?
Expense
Asset
Owner's Equity
Liability
2
The highest possible Level of Maslow's Hierarchy
Self Esteem
Belonging
Safety
Self Actualization
3
This symbol represents what?
The Toronto Stock Exchange
Stock Prices Falling
Wall Street
A favourable stock market
4
Joe buys a car and will pay the dealership in 30 days. What is the credit in this transaction?
Accounts Receivable
Accounts Payable
Revenue
Car
5
Tim Horton's camp day is an example of?
All of the Above
Social Responsibility
E-Business
Green Business
6
The advantage of a stock over a bond is ________________.
They are Transferable
They are safer
All of the Above
They have greater potential
7
A lack of control and a costly startup are disadvantages of which form of ownership?
Sole Proprietorship
Franchise
Corporation
Parntership
8
Social Media has which advantage over traditional advertising?
Wider Reach
All of the Above
Cheaper
A Younger demographic
9
Which of the following are examples of credit?
Credit Cards
Mortgage
All of the Above
OSAP
10
Which of the following is a substitute good for Coffee?
All of the Above
Doughnut
Soup
Tea
11
Which of the following questions is a situational based interview question?
Are you good with finances?
If you were a tree, what kind of tree would you be?
Tell me about a time you had to be a leader in the workplace
Where do you see yourself in 5 years?
12
Kal invests $100 in a GIC for 2 yrs at 5% interest. In 2 years, how much will he receive?
$105
10
210
110
13
The Accounting Equation States
OE = L - A
A = L + OE
L = OE - A
A + L = OE
14
Section B of the business cycle
Inflation
Depression
Prosperity
Recession
15
What order are assets listed in on the Balance Sheet?
Alphabetical
Largest to Smallest
Smallest ot Largest
Liquidity
16
Which of the following is a debit account (increases on debit side)
Cash
Accounts Payable
P. Lovett, Capital
A Bank Loan
17
Which of the following is not a TREND in business
The Health Trend
Globalization
Being Green
Brick & Morter Stores
18
Which supply factor was at play when the Model T became the 1st car to be sold to the masses?
Outside Factors
Owner's Desire
Changes in Technology
Production Costs
19
Gum, Chocolate Bars, Celebrity Gossip Magazines areall examples of:
Involved Purhases
Impulse Purchases
Items Available at Dollarama
Great Things to Spend Money On
20
What stage of the business cycle comes after a depression?
Prosperity
Recession
Inflation
Recovery
21
Large tax breaks are an advantage of which type of business ownership?
Franchise
Partnership
Corporation
Sole Proprietorship
22
Which of the following companies positions themselves as "innovative"
Samsung
Little Caesars
Walmart
Best Buy
23
What position is being advertised in this slogan?
Canadian
Effective
All of the Above
Taste
24
If you were to use one word for this course, what would it be?
Boring
Informative
Fun
Easy
25
An advertisements ability to last a long time is its ________________.
Frequency
Reach
Durability
Cost
26
Which level of Maslow's Hierarchy is being targeted here?
Belonging
Self Esteem
Safety
Physiological
27
Demand of snow shovels is higher in December. What demand factor is at play?
Price
Future Expectations
Outside Factor
Substitute Goods
28
Which of the following is NOT an example of a need?
Education
Shelter
Viteman C
Water
29
Which of these are examples of a market?
All of the Above
EBay
Brantford's Farmer's Market
Walmart
30
Mom and Dad buy Timmy a Skateboard. Mom pays the cashier Teisha. Who is the consumer?
Dad
Timmy
Teisha
Mom
31
Cindy's lawncare charges Mrs. Lee $25 for cutting her lawn. What is the credit?
Cash
Lawn Expense
Revenue
Accounts Receivable
32
The term for doing business over the internet
Globalization
Intra-Business
E-Business
Positioning
33
The S in the STP Process stands for what?
Specialization
Supplies
Specific
Segmentation
34
What is on the 1st line of an Income Statement?
The Date
The Name of the Statement
"Revenue"
The Company's Name
35
Who is the target market of the commercial?
Everyone
Medium-low income, in a relationship and enjoy TV and movies
Males that like movies and TV
People with TVs and Internet
36
"Baby Boomers" are of a great interest to business because ___________.
They have great influence
They buy for more than one person
They have the most disposable income
They are the largest group
37
A business is in the red if:
Liabilities > Assets
Revenues > Expenses
Expenses > Revenues
Assets > Liabilities
38
Which of the following is not a Function of Business?
Marketing
Accounting
Human Resources
Advertising
39
Something a business OWNS is called a(n) _____________.
Liability
Asset
Equity
Supply
40
The preferred method for recruiting employees for most businesses.
Newspaper
"Help Wanted" Sign
Internally
Workopolis.ca
41
Which of the following mathematical formulas reflects a smart shopper?
Money Avaialble < Cost = Purchase
$$$ + Advertising = Purchase
I'm not good at math
Benefit > Cost = Purchase
42
Demand for Ticat tickets is high this season as the team is projected to win more games.
Price of Substitute Good
Economical Factors
Outside Factors
Future Expectations
43
Which of the following are HR not responsible for?
Benefits
Promoting
Pay
Interviewing
44
If you were a local sports store, what form of advertising would be the most effective?
Youtube
Billboard
Magazine
Television
45
Which of the following will hurt your credit score?
Taking out a Loan
Not Paying Your Bills On Time
All of the Above
Buying Too Much Stuff
46
The more demand there is for a product, what happens to the price?
Fluctuates
Goes DOWN
Stays the SAME
Goes UP
47
Which of the following FINANCIAL INSTRUMENTS is the most risky?
A GIC
A savings Account
A Bond
A Mutual Fund
48
Are you ready for the exam?
Heck no!
Not going to study, not going to lie
Hoping for a snow day
After a couple of hours studying I will be
49
Competition Helps Both the consumer and businesses. Why is this a true statement?
Drives Innovation
Gives Choice
Lowers Prices
All of the Above
50
Which of the following accounts will not appear on a balance sheet?
Bank Loan
Building
Revenue
Furniture
51
Businesses and consumers relying on each other for survival is known as what?
Busnicity
Interdependence
Marketing
Social Responsibility
