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Week 7 BIG REVIEW
Week 7 BIG REVIEW
34 terms
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StudBud Administration
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What we have learned so far...
Flashcards
34 cards
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Practice quiz
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Questions
34
Answers
1
Accounting
is...
keeping the records of money received, paid, and owed
math
dishonest tax returns
honest tax returns
2
Some people say that a
service
is a
product
Maybe
True
False
3
What is an example of a
formal expression
?
Hey yo
What's crackin' dude
What's up man
Therefore, I shall .............
4
What does it mean "coveted technology"
Something that you do not like
Something that you want
Something strange
Something whopping
5
What is an example of
informal expression
?
According to the research project...
What's crackin' yo
Therefore, I shall...
Nevertheless...
6
What does it mean "to maximize profits"
Make less money
Lower costs to make more money
Increase salaries to the company's employees
Sell more to make more money
7
What is
marketing
?
selling and buying
advertisements
control
how we sell things
8
Who are
Robber Barons
?
unethical businessmen
ethical businessmen
9
What is your ESL Business instructor's first name? (ha-ha:)
Demetrius
Bruce Willis
Dmitrii
Dimitri
10
What is
not
a reason for
globalization
?
Cheap advertisements
Production in foreign countries may lower the costs
Communication is easy
Travel is easy
11
What is that?
Statement of cash flows
Income statement
Balance sheet
12
What is
not
a part of
globalization
?
Development of closer political relations
Development of more powerful energy sources
Development of closer business relations
Development of closer cultural relations
13
Elite
and
high-end users
are similar concepts
True
Maybe
False
14
Income
is a synonym of
revenue
(but not in accounting)
True
False
Accounting is boring
Maybe
15
What is NOT an asset?
Property
Loans
Forks and knives in a restraurant
Cash
16
What do
ethical business
practices include?
Ponzi Schemes
Dishonest tax returns
Stealing from your investors
Honest tax returns
17
If something is t
angible
, it means you cannot touch it
False
Maybe
True
I do not like this question:)
18
What do
nonprofit organization
do?
Make profit
Play video games
Help solve social problems
Steal money from the poor
19
What is
economics
?
Study of economy (both microeconomics and macroeconomics)
Study of economics
Microeconomics (how companies make money)
Macroeconomics (how countries make money)
20
Income
is a synonym of
profit
(but not in accounting)
True
Maybe
False
21
What is
distribution
?
the act of dividing something among people or businesses
understanding business
a low level of skill or knowledge
working on a business plan
22
What is
financial management
?
Control of cash flows
An ethical business practice
Business strategy
An unethical business practice
23
Business operations
include...
Time management
Project management
Distribution
Promotion
24
Ethics is...
A study of morality (what is right and what is wrong)
A general business strategy
A study of economy
A marketing strategy
25
What are the
4 Ps of marketing
?
Place, product, promotion, price
Playing, product, promotion, price
Presence, product, promotion, price
Place, production, promotion, price
26
What is a
service
?
the money received by a customer
something produced by an industrial process
the help provided to a customer
something that is grown and raised through farming
27
What is
economy
?
the system of trade and industry of a country
the system of trade of Kent State's bookstore
finance
economics
28
What is that?
Statement of cash flows
Income statement
Balance sheet
29
What is
finance
(or
financial management
)?
Money management
Financial accounting
Time management
Control
30
Who is Bernard Madoff?
Ponzi
An ethical businessman
A creator of a Ponzi sheme
An investment broker
31
What is not a liability
Loan
Accounts Payable
Salaries
Accounts Receivable
32
What is a
product
?
something that is made to be sold
marketing strategy
manufacturing process
the help provided to a customer
33
Can
intangible
things influence people?
No, they cannot
Yes, they can
34
What is that?
Statement of cash flows
Income statement
Balance sheet
