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Exam Jam Quiz x100 final Flashcards | StudBud
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Exam Jam Quiz x100 final
Exam Jam Quiz x100 final
50 terms
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StudBud Administration
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Practice quiz
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Questions
50
Answers
1
Rent is classified under what expense?
Cost of good sold
Variable costs
Taxes
Operating expenses
2
What are the five factors of production
Human, Informational, Material, Financial, Resource
Entrepreneurship, Labor, Land, Capital, knowledge
Capital, HRM, Management, Mazlow, Herzberg
Land, Labor, Finance, Produce, Service
3
Accrual accounting rules states we record revenue and expenses as they are ____ / ____?
Earned / Paid
Paid / Received
Paid / Incurred
Earned / Incurred
4
Pepsi Co. offers beverages, snacks, and cold cereals. These product lines make up its ____?
Product Offerings
Product Mix
Product Markets
Product Lines
5
A purchase of a new building would fall under which Cash Flow Activity?
Operating
Developing
Investing
Financing
6
The 4 P's of the Marketing Mix include Product, Price, Promotion, and Purpose
False
True
7
Is Capital Budgeting focused on the Long-Term or Short-Term?
Short term
Long term
8
Which of the following is an example of an Artificial Restriction on International Trade?
Tariff
Dumping
Bureaucratic 'Red Tape'
Embargo
9
Intellectual and Spiritual Fulfillment is a characteristic of which of Maslow’s levels?
Food, Water, Shelter
Love and belonging
Esteem
Self-Actualization
10
This Indicates how easily a company is able to pay short term debts
Return on Owners’ Equity
Current Ratio
Return on Sales
Inventory Turnover
11
Hygiene factors eliminate job ___ while Motivation factors increase job _____.
Satisfaction/Dissatisfaction
Dissatisfaction/Dissatisfaction
Satisfaction/Satisfaction
Dissatisfaction/Satisfaction
12
Accounting Standard used in 110 countries around the world
IFRS
Fiscal Accounting
GAAP
Financial Accounting
13
Product Lines are measured in ____ while Mixes are measured in ______?
Depth; Width
Width; Depth
Height; Width
Depth; Height
14
The class scores well on exam 2 and Dr. Andrews lets y'all leave early. This is __?
Extinction
Punishment
Positive Reinforcement
Negative Reinforcement
15
The statement of financial position includes which of the following accounts?
Sales
This is not a financial statement covered in X100
Depreciation Expense
Notes Payable
16
_______ Planning focuses on long-term strategies and key goals?
Contingency
Strategic
Operational
Tactical
17
Which of the following is a Liquidity Ratio?
EPS
Asset Turnover
Return on Sales
Quick Ratio
18
A business may incorporate in any state it chooses?
True
False
19
What is this Product Pricing Strategy called? 'Low initial selling price to attain market share'
Random Discounting
Penetration Pricing
Price Skimming
Cost Plus
20
What organization structure is this?
Centralized
Line and staff
Line
Matrix
21
Stage of the PLC when sales peak and profits decline due to market saturation:
Decline
Growth
Introduction
Maturity
22
A competition based on product differentiation is called a(n)?
Legal Monopoly
Oligopoly
Perfect Competition
Monopolistic Competition
23
A leadership style where the manager makes, sells and presents the decision is called?
Laissez Faire
Autocratic
Democratic
Participative
24
A market/industry controlled by a few sellers is called a(n)?
Monopolistic Market
Legal monopoly
Oligopoly
Natural Monopoly
25
Management observes
negative
workplace behavior and decides to
remove
casual Fridays
Punishment
Positive Reinforcement
Extinction
Negative Reinforcement
26
Do you got this?
I DONT GOT THIS
SEND ALL THE HELP, ALL OF IT
I GOT THIS
Do yOU gOT tHiS?
27
How do you 'break even'?
Making costs remain the same
the selling price per unit (revenue) minus the variable costs per unit
Add fixed costs to variable costs
Make profits equal to costs
28
Title 7 of the Civil Rights Act('64) outlaws all discrimination in employment practices except?
Age
Sex
Race
Religion
29
An economic system focused on equitable distribution of wealth and social services is called?
Mixed market economy
Laissez Faire
Communism
Socialism
30
What Accounting Principle is this? 'Expenses must be recorded with the revenue they generate'
Materiality
Historic Cost
Matching
Time Period
31
The World Trade Organization is an example of a(n)?
Common Market
Economic Community
Unified Trade Agreement
A World Trade Organization
32
Which of the following is not a level of Maslow's hierarchy of needs?
Love and Belonging
Intellectual prosperity
Actualization
Food, water, shelte
33
This sheet represents a financial position at a certain point in time
Statement of Cash flows
Income statement
Balance sheet
Long term investments sheet
34
Assets = 10,000 ; Liabilities = 2500 ; Expenses = 5000. What is the owner's equity?
7500
5000
2500
Not enough info
35
Corporations are financed primarily through a mix of _____ and _____?
Equity and Government Subsidies
Tax Cuts and Equity
Government Incentives and Debt
Debt and Equity
36
Tesla SWOT: Gas prices decline and the company has inexperienced upper management.
Weakness; Threat
Opportunity; Weakness
Weakness; Opportunity
Threat; Weakness
37
This is
not
a way to finance a small business
Venture capitalists
Buying stocks
Crowd funding
Angel Investor
38
When entering Int'l business, more control usually means more financial risk?
False
True
39
Which account will not be found on the income statement?
Expenses
Revenue
Current Assets
Cost of Goods Sold
40
A business that is owned and operated by 1 person and has
limited liability
is called a?
Sole Proprietorship
Limited Liability Company
Limited Proprietorship
Liability Exempt Proprietorship
41
Which of the following is NOT a Profitability Ratio?
Return on Owner's Equity
Return on Sales
Earnings per Share
Current
42
Perceived Benefits (minus) Perceived Costs = _____ _____
Perceived Value
Perceived Fulfilment
Perceived Functionality
Perceived Offering
43
Who appoints the Corporate Officers?
Board of Directors
Shareholders
Hiring Manager
Chief Executive Officer
44
Cash raised from the issuance of stock would be considered an investing activity?
True
False
45
What is Form Utility?
Adding Value by adding value
Adding value by providing fast, friendly service during and after the sale
Adding value to products by making them available when they're needed
Adding value to materials in the creation of finished goods and services
46
Targeting strategy where one marketing mix is directed toward the whole market?
Niche
Undifferentiated
Multisegmented
Concentrated
47
The ability to convert assets into cash quickly is called ________?
Gross Profit
Liquidity
Functionality
Asset Turnover
48
Supervision, security, and salary are all _____ factors?
Hygiene
Fulfillment
Satisfaction
Motivation
49
Day-to-day planning is also called _______ Planning?
Tactical
Strategic
Operational
Contingency
50
Shareholders are legally entitled to receive a dividend?
False
True