Principles of Business & Finance Final Exam Review

Question 1

What type of financial institution does an investor prefer that offers access to ATMs close by?

Accepted Answer

Convenience

Question 2

City gov't needs $5 million to build a new facility. What type of bond investment would help?

Accepted Answer

Municipal bond

Question 3

An automated machine to increase production, which economic measurement activity is used?

Accepted Answer

labor activities

Question 4

Which financial plan was used by BMW to help determine the selling of vehicles similar to rooms

Accepted Answer

Expansion

Question 5

Which is an example of direct channel of distribution?

Accepted Answer

Mary takes care of all the marketing functions

Question 6

Katy's responsible for processing all applications. Which level of management is this?

Accepted Answer

Mid-management

Question 7

Steven denied a rival band from performing at the concert. What government service protects him

Accepted Answer

Intellectual property protection

Question 8

Which part of the economic-decision making process is performed by Jim when he applies for jobs

Accepted Answer

identifying choices

Question 9

There is $10,000 in a business savings. What evaluation factor is used when comparing rates?

Accepted Answer

Potential return

Question 10

Louis chose a type of ownership over sole proprietorship & has ADVANTAGE & pass down his stock

Accepted Answer

Potential of unlimited life

Question 11

Tina regularly deposits $ into savings, what type of interest earned shows how the market is?

Accepted Answer

Money market account

Question 12

What information is useful to companies who measure economic activities on a monthly basis?

Accepted Answer

consumer spending

Question 13

Where is Bob in the consumer-decision making process he's trying to figure out what to sell...

Accepted Answer

He is gathering information

Question 14

China is banned from selling items in other countries. Which int'l trade barrier is this?

Accepted Answer

Embargoes

Question 15

Locate an example of production planning for resources.

Accepted Answer

Remodeling a building in order to manufacture a new product

Question 16

What type of production is performed by Bubba's Fishery employees who sell it globally?

Accepted Answer

Extraction and cultivation

Question 17

Vietnam has limited space which hinders int'l business. What classifies this int'l business?

Accepted Answer

Economic development

Question 18

What type of business sells shares of stock & relies on people for financial directions?

Accepted Answer

Corporation

Question 19

Ken allowed his employees to plan the expansion project. What style of management is this?

Accepted Answer

Strategic

Question 20

Which marketing function has LDM Enterprise provided for customers since it has several stores?

Accepted Answer

Distribution

Question 21

How much interest is earned on a $1,000 CD that's compounded at 8% interest for 3 years?

Accepted Answer

$259.71

Question 22

Goodyear uses rubber to produce tires for all vehicles. Which manufacturing type is performed?

Accepted Answer

Materials processing

Question 23

Doug is shopping at Haverty's furniture & has been advised of the payment options for 3 yrs.

Accepted Answer

Installment credit

Question 24

Rose enjoys working alone in her jewelry shop and controlling daily tasks.Choose the ADVANTAGE.

Accepted Answer

Control of decisions

Question 25

What is the 1st step of the check writing process?

Accepted Answer

Writing the appropriate information in the check register

Question 26

What type of investment allows customers to exchange items for higher prices from 25 yrs ago?

Accepted Answer

Collectibles

Question 27

Which type of technology application is used when customers can purchase items from each other?

Accepted Answer

E-commerce

Question 28

CitiCredit sends quarterly summaries of transactions. Which type of document is sent?

Accepted Answer

Statement of account

Question 29

3% of a $40,000 is allotted in the budget for workshops about job safety. Choose amt of $ used?

Accepted Answer

$1,200

Question 30

A bank loaned Chris $4,500 for 24 months. Which type of credit did he accept?

Accepted Answer

Consumer loan

Question 31

Lynn adjusted her gift-giving practices in China while conducting business.What was considered

Accepted Answer

Cultural influences

Question 32

Tina designs brochures that includes features and benefits.Choose her marketing function

Accepted Answer

Promotion

Question 33

Cancun has white sandy beaches and many people enjoy them at low rates. What ADVANTAGE is this?

Accepted Answer

absolute

Question 34

Choose the int'l trade barrier (Russia imports a certain amount of wheat to protect industry)

Accepted Answer

quotas

Question 35

What type of production is performed by Joe's hardware who buys materials to create furniture?

Accepted Answer

Manufacturing

Question 36

Only 40 people were included & 15 pizzas produced for $7-choose the economic activity used?

Accepted Answer

GDP per capita

Question 37

How are common and preferred stocks similar?

Accepted Answer

Both have a risk of loss of an investment

Question 38

Pat wrote a check & wrote the amount of the check in words. What should he do next?

Accepted Answer

Write in the purpose of the check?

Question 39

What type of stock shares are offered by Best Buy investors at 5% without voting rights?

Accepted Answer

Preferred stock

Question 40

What service is it used by a Federal Reserves Systems while aiding transfers between 2 states.

Accepted Answer

Clearinghouse

Question 41

There are 2 names on the business sign, but Bob ignores decisions, what type of business is it?

Accepted Answer

Partnership

Question 42

How are common and preferred stocks different?

Accepted Answer

Preferred stockholders have priority in dividend payments

Question 43

Which social responsibility is addressed by a company who provides fitted equipment?

Accepted Answer

Job safety

Question 44

Choose an example of production planning for personnel.

Accepted Answer

Employees are needed for manufacturing a new product

Question 45

Al should use which type of budget to analyze the business performance for his rim shop?

Accepted Answer

Operating

Question 46

What type of technology app is used by Yin who buys items using the computer instead of a store

Accepted Answer

E-commerce

Question 47

What type of financial planning is conducted when Cole projected a $9,000 revenue next quarter?

Accepted Answer

Operation

Question 48

Stacy agreed to pay $3,000 for installation & the manager disputed the amount. Solve the issue

Accepted Answer

She should get contract enforcement

Question 49

Which regulation protects Al for having information off his credit history reported wrong?

Accepted Answer

Equal Credit Opportunity Act

Question 50

Tracy welcomed 20 new interns during orientation.Which human resources activity was performed?

Accepted Answer

Recruiting and hiring

Question 51

What are customers concerned about when signing up for online-subscriptions?

Accepted Answer

Privacy

Question 52

Scott prefers a savings plan that earns interest on previously earned interest. What is it?

Accepted Answer

Compund

Question 53

The Federal Reserve System supplied $500 billion to the monetary system. Which service was it?

Accepted Answer

Participating in open market activities

Question 54

Amy read an article about a new product arriving next week. What is the consumer info source?

Accepted Answer

Media

Question 55

The Fed Reserve System approved a merger between 2 banks. Which service did they perform?

Accepted Answer

Approving bank mergers

Question 56

Which evaluation factor is considered by Joe when reviewing his portfolio for quick access to $

Accepted Answer

Liquidity

Question 57

Jack trained employees on processing financial statements using software instead of manually.

Accepted Answer

Employment trends

Question 58

What type of credit was used by Andy when shopping at several stores and charging $800?

Accepted Answer

Credit card

Question 59

Which function of management did Jim coordinate when he coordinated access to office space?

Accepted Answer

Organizing

Question 60

Which international organization assisted 2 countries with trade disagreements on tariffs.

Accepted Answer

World Trade Organization

Question 61

Matt checked the labels for warnings. Choose an example of a consumer information source

Accepted Answer

Business sources

Question 62

An economist who annually researches the value of homes built uses which economic measurement?

Accepted Answer

GDP

Principles of Business & Finance Final Exam Review

Questions 62

Principles of Business & Finance Final Exam Review

Questions 62