Business Final Review

A recently added new ingredient to a current product giving cleaning power is an example of

Which of the following is investing for current income?

Which of the following constitutes fraud by a salesperson?

What are the 3 C's of credit?

John has 2 hours before his part-time job. Does he study for math or take a nap? He chooses nap

All of the following would be considered expenses EXCEPT

Which of the following is one of the service-producing industries?

The most important responsibility consumers have is to be

The first step in the consumer decision-making process is to

The final step in the financial decision-making process is to 

An example of a non-renewable resource would be

Comparison shoppers usually evaluate which of the following?

The making, buying, and selling of goods and services within a country is called

Type of financial record identifying amount of assets has decreased in value due to their age.

Location is important to small retail businesses because

In simple terms what does a company own?

Which of the following is NOT generally a goal of a business budget?

Product costs + operating expenses + profit = 

Which of these statements best describes preferred stock?

Additions and improvements to a basic product are considered

The way a manager treats and involves employees is called

The phase of the business cycle in which unemployment is highest is

What's the first document that must be completed when opening a checking account?

The combined use of tactical and strategic management is known as

Which of the following isn't an important human relations skill needed by leaders and managers.

Which of the following is NOT a long term asset?

A major purpose of a budget is to

A tax that government places on certain imported products is called a(n)

Total revenue - total expenses =

Generic products are less expensive than other items because

The financial institution most likely to charge the highest rate for a loan would be a

Signing a promissory note occurs when using

Employers must make matching contributions to 

A plan where employees receive regular compensation plus portion of company's earnings.

A code of ethics is designed to 

Human resources

Four elements of a marketing mix.

Savings accounts and a home are examples of

A key difference between advertising and publicity is

A reputation for paying bills on time relates to a person's 

A typical characteristic of entrepreneurs is that they

A payment for rent represents

The value of collectibles is most influenced by

The form of ownership that gives one person sole control over all business decisions is the

Which of the following would an economist most likely classify as a need?

Due to an error in pricing a bar code what legal action is appropriate for those overcharged?

The major policy and financial decisions makers for a corporation are called

if you start a new business you need information about

All leaders need to be dependable, which means that they

All of the following are blue-collar workers EXCEPT

Sending work from one company to another company that can complete it at a lower cost is called

An operating budget is usually planned for

The person who reports on the value of a home is a(n)

Which of the following scenarios will most likely result in comparatively low prices?

The most successful small business owners

Goods and services sold to other countries are called

The first step of the budgeting process is to 

Which of the following is a direct channel of distribution?

An income statement usually covers

In which of the following economic systems is the government's role greatest?

Personal selling is usually done

A business will make a profit if

Difference between amount of money coming into a country and amount that goes out is called the

What type of tax is a common source of revenue for most state and local governments?

All the following are part of the planning/staffing function of human resources EXCEPT

Which of the following is NOT a cultural/social factor that affects international business?

Most valuable number to consider when comparing credit among various borrowing sources is the

Large purchases (such as appliances and automobiles) are commonly bought using

Small business have an advantage over big businesses when customers

All of the following is NOT a major responsibility of a company's human resource department?

A limit a government puts on the quantity of a product exported/imported during a given period.