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Performance Measurements and Business Organizations Flashcards | StudBud
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Performance Measurements and Business Organizations
Performance Measurements and Business Organizations
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Answers
1
The term for lowering prices
all of the answers are correct
Stagflation
disinflation
reverse inflation
2
Corporations pay taxes at the business entity level.
False
True
3
GDP Per Capita
Calculated a measure of unemployment
Calculated by using the total population
Calculated by using a sextant
Calculated by using the amount of labor force
4
The U.S. has a positive trade balance
True
False
5
Existing and previously used Space shuttle sold by NASA to Japan. This is included in GDP.
True
False
6
Examples are Chefs, EMTs, and Firefighters
Skilled
semi-skilled
Unskilled
Uber -Skilled
7
GDP is...
how much a single business produces in a period of time.
value of goods and services produced in a country over time.
taxes payed by citizens over a specific period of time.
a country's unemployment rate over a period of time.
8
A process of negotiations between employers and workers to facilitate mutually agreeable terms.
A rumble
A round table
Trade war
Collective bargaining
9
The interest rate adjusted for inflation
Nominal interest rate
The house rate
Special rate
Real interest rate
10
When calculating GDP per capita, you divide GDP by what?
total population
Number of households
none of the above
total businesses
11
Non-Profits raise funds through donations and gifts
False
True
12
Which of the following would be considered a consumer ‘need’?
New car
Cell phone
Clothes
Latest video game
13
You live in an are where your job skills aren't needed. What kind of unemployment is this...?
Disabled
Frictional
Structual
Unlucky
14
It is historically difficult to lower prices over time.
False
True
15
The labor union movement in the U.S. was in response to inadequate working conditions for workers.
True
False
16
Unemployed people, for economic purposes, do not have a job and are...
over the age of 30
happy
actively looking for one
unemployed and disabled
17
What organizational structure does not pay any taxes?
Limited liability partnership
Partnership
Corporation
Non-Profit
18
Minimal specialized skills required. Examples are cooks, cashiers, and factory workers.
Skilled
Unskilled
No answer is correct
Semi-Skilled
19
Calculates rising prices
National Income
Nominal GDP
Real GDP
Inflation rate
20
Nominal GDP includes inflation rate
False
True
21
GDP per capita can be useful to compare the standards of living between countries.
False
True
22
Requires no specialized training, education, or training.
Skilled labor
Unskilled labor
No answer is correct
Semi-Skilled labor
23
Growth rates for GDP are only measured every 3, 5, and 10 years.
True
False
24
Taxes paid in Partnerships are paid at the business level, not the personal level.
False
True
25
Mr. Smith buys 500 existing shares of Apple stock. This is included in GDP.
True
False
26
Measurement of the overall price level in the U.S.
The shiznit
Producer Price Index
Consumer Price Index
The real price index
27
A partnership where your risk is limited.
Corporation
General partnership
Limited liability partnership
Sole proprietorship
28
The Producer Price Index Measures the cost of a typical basket of goods and services
False
True
29
The formula for GDP calculated based on spending
None of the above
GDP = C+G+I
GDP = C+G+I + (Imports-Exports)
GDP = C + G + I + (Exports - Imports)
30
Which of these measures raw data?
Real GDP
U.S. Profit Margin
Nominal GDP
Gross Domestic Revenue
31
Easiest and least expensive business to start
Corporation
ESOP
Limited liability partnership
Sole proprietorship
32
The largest component of GDP
Government consumption expenditure and investment
Personal consumption expenditure
Gross private domestic investment
Net imports and exports
33
You buy the rights to own and operate a business from a company. This is what...?
Partnership
Employee owned business
Franchise
Corporation
34
Cyclical unemployment is a natural deviation from the Natural rate of unemployment.
False
True
35
What does GDP measure?
Spending
Amount of exports
Value of goods and service produced
Taxation
36
Frictional Unemployment is due to the time it takes workers to find a job.
True
False
37
If you own a franchise you generally do not receive training or support from the corporation
False
True
