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Principles of Business, Marketing & Finance (Final Exam Review)(2) Flashcards | StudBud
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Principles of Business, Marketing & Finance (Final Exam Review)(2)
Principles of Business, Marketing & Finance (Final Exam Review)(2)
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Review questions for PRINBMF final exam.
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
____________ involves making a product or providing a service.
Marketing
Production
Distribution
Time Utility
2
Distinguishing name/ symbol/mark placed on good or service legally reserved for use of owner.
Trademark
Patent
Symbol
Image
3
Property tax is tax on services.
False
True
4
Business cuts back on production and lays off employees is said to be:
Re-sizing
Downsizing
Reorganizing
Going out for business
5
Organizations violate business ethics when they sell customers info without their permission.
False
True
6
Personal Property tax is a tax on possessions that are moveable.
True
False
7
Products produced here in the United States are called:
Exported Goods
Domestic Goods
Imported Goods
Foreign Goods
8
_____________ deals with money matters related to running a business.
E-Commerce
Distribution
Marketing
Finance
9
Although a corporation is owned by a group of people, it acts as a single person.
False
True
10
Services are tangible products that use mostly labor to satisfy consumer needs.
False
True
11
An agreement that involves two or more business to make or sell a good or service is called
A nonprofit corporation
A LLCA
Joint venture
A Corporation
12
Total Quality Management (TQM): a commitment to excellence through teamwork improvement.
False
True
13
Intrepreneur: employee given funds and freedom to create special unit to develop new product.
False
True
14
Setting different prices for different customers
False Advertising
Price discrimination
Discrimination
Price fixing
15
Members of the board of directors are elected by the stockholders.
True
False
16
Manufacturing firms produce services.
True
False
17
The dividend is the amount of money a person pays to buy a share of stock.
True
False
18
A person who buys only one share of stock is considered an owner of a corporation?
True
False
19
Marketing deals with how goods and services are exchanged between producers and consumers.
False
True
20
The _______ is the distributor of a franchised product or service.
franchisee
I have no idea
franchise
franchisor
21
Internet allows small businesses to compete successfully with larger, established companies.
True
False
22
People who invest in a corporation are
provided one vote regardless of the number of shares held
financially liable up to the amount originally invested
legally liable for the debts of the corporation
not taxed on dividends received
23
An organization that produces or distributes a good or service for profit is called a business.
False
True
24
This type of tax is a tax on real estate
Real property tax
Luxury Tax
Excise tax
Personal property Tax
25
Typical entrepreneurs tend to give up quickly when they are not immediately successful.
True
False
