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