Finance Ops Sem 1 Exam Review

Many small and family-owned businesses operate as a

When the value of a country's currency goes up compared to another country's is called

A minimum down payment could result in

Which economic system is characterized by having central authority make all economic decisions

An increase in the cost of goods and services is an indication of 

What is a Tariff?

How many Federal Reserve district banks are there in the U.S.

Most over-the-counter stock is traded through

What is Gross Domestic Product?

Which offers less risk, high yield, and earlier dividends than common stock

A Credit Bureau is required to make sure the info in a person's file is

Is buying on margin an example of a short term or long term investment strategy

What is the formula for calculating the total return on a stock

What must businesses provide to customers in order to satisy their wants and needs?

A nation is experiencing a budget surplus when it spends

The ability to quickly turn an investment into cash is called

What is interest earned only on the money you deposited into your savings account or principle

A secure loan is backed by what?

The price when supply meets demand is called _____ price

Your checking account is overdrawn when you

What is the time frame for short term goals

The Federal Reserve System is central banking organization for what country

Which economic system is a combination of a command and a market economy?

What do local, state and federal governments satisfy

A Stop Order requests that stock brokers do what?

Credit card holders that pay off their balances each month are known as

A network of dealers who buy and sell stock that are not listed on securities exchange is  

Which of the 5 C's requires a person's assets exceed his or her liabilities

Identify a disadvantage of organizing a business as a corporation

What 3 countries are involved in NAFTA

Which business cycle is identified as a peak in economic activity 

An accounting period of 1 year for a company is referred to as a(n)

The name of the written document that states how a partnership is organized

True or False: A shortage of goods or services is called Scarcity

Define Embargo

The way in which people make, distribute, and use their goods is called

Limited resources can also be called

Which shares are owned by a small group of people and not traded openly in the stock market

Which of the following is the name of a Bank Regulation Agency

Define Balance of Trade

What is the name of the legal form that asks stockholders to transfer their voting rights

WHoch of the following is NOT an example of a service 

Who are legal owners of a corporation

What term represents the annual dividend paid by an investment

Financial professionals consider shares in AT&T to be

Credit cards allow you to borrow money for

What provides stockholders a share in the earnings that remain after stated dividends are paid

What term refers to an application to operate as a corporation?

How society chooses to use resources to produce & distribute goods & services for consumption:

Unemployment statistics are an important indicator of

The Federal Deposition Insurance Company insures depositors against losing their money in case 

Which of these is NOT a public want

What is the time frame for long term goals

If a limited partership's business fails, they are liable only for what they invested

What is an electronic funds transfer

A monthly bank statement on your checking account usually includes

Which of these is NOT an example of currency

Stockholders lose __ if the corporation goes out of business and own millions of $ in creditors

Which of the following is a credit card an example of

How could a credit card holder begin to correct a mistake on a credit card bill

Which of the following is NOT a disadvantage of organizing a sole proprietorship

Which of these resources would include raw materials from nature used to produce goods