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CFM Review 1 Flashcards | StudBud

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What happens when supply exceeds consumer demands?

What is an example of a fixed expense?

CFM Review 1

10 terms·StudBud Administration·1,244 plays

Career and Financial Management

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Questions 10

Answers

1
What is an example of a fixed expense?
Rent
Clothing
Food
Entertainment
2
What happens when supply exceeds consumer demands?
Prices go up
Dispose of the extra product
Prices go down
Prices stay the same
3
What does CFM stand for?
Certified Financial Management
Career and Financial Management
Certified Facilities Manager
Cubic Feet per Minute
4
Which would be considered a need?
Emotional support
Weekly manicures
Having a pet
Mercedes Benz
5
What is an example of a variable expense?
Insurance
Mortgage
Material goods
Utilities
6
An ________ create his/her own business.
business man
entrepreneur
sole trader
sole proprietor
7
A ________ is a plan for spending.
bill
budget
income
expenses
8
Gross income is the...
total amount of money earned after payroll deductions
total amount of money earned before payroll deductions
total amount of money earned at the end of the year
total amount of money taken out in taxes
9
True or False: There is no limit to how much you can withdraw from the ATM machine.
True
False
10
________ skills can be used in many types of careers.
Non-transferable
Translucent
Transmittable
Transferable