PRINCIPLES OF BUSINESS TEKS REVIEW

True or False:  Buying items on sale is one of your 7 Consumer Rights.

Which of the following is not one of the 4 elements of the Marketing Mix?

Which is the type of credit card that can only be used at the business that issued it?

This department in a company hires, trains, and evaluates employees.

Which governments have passed laws regarding credit?

Which of these helps you predict how much $$ you need & how to control your spending?

This type of sale allows you to buy new products at a special price.

Taxes, health insurance, etc. deducted from your paycheck are ________ deductions.

Which of these is not a variable expense?

Interest on the amount in a savings account, plus the interest previously earned is . . .

What a company OWNS are called:

_____________ stock represents general ownership in a corporation and a right to share profits.

Experts recommend putting aside __________ months' salary for emergencies.

Short and medium-term credit offered by dealers and stores is called what?

True or False:  An interest-bearing account can earn you money.

A 15-30 year installment loan, usually for a home is called what?

True or False:  Budget variance is the difference between actual spending and budget.

What a company OWES is called ______________.

True or False:  Stereotyping is identifying someone by a single trait or as a group member.

The movement of goods from one place to another, such as factory to store, is called:

______________________ is buying things you don't need, thus ruining your budget.

True or False:  Business credit is used by people for personal reasons.

An example of a fixed expense would be:

The ___________________ goes on the back of a check and shows you received payment.

True or False:  Performance appraisal is the first step in selecting who to interview.

Meeting/talking with people in different occupations to make connections and learn more is:

True or False:  A secured loan requires you to put up collateral.

A report of revenue, expenses and net income or loss for a specific period is a ________ _____.

Written notice that tells the bank not to pay a check is a __________________ order.

Internet ads that appear for a few seconds are called ____________.

Which of the following is a step in choosing a career?

Which of these can adversely affect your ability to get credit?

The most effective form of advertising is _____________________________.

An employee's total salary, wages and all benefits is called this.

The amount of money an investment earns is _______________.

True or False:  You should wait until your 30's to start saving for retirement.

Which law requires creditors give info to the borrower before giving credit?

A report that shows the financial status of a business at a specific point in time is a . . .

True or False:  Publicity is the step used to introduce a new product to consumers.

In an informal company culture, employees may do which of the following?

True or False:  On a joint checking account, all parties must sign all checks.

True or False: If a car part is found to be defective and dangerous, the car will be recalled.

One of the first things a creditor considers when lending you money is . . .

This insurance protects against the losses of others due to your actions or products.

The one-year accounting period is called the __________ year.

What is the total dollar cost of credit, including interest and all other charges?

Which products would be the best example of a "bait and switch"?

True or False:  A money market fund is an account where you invest in a company or government.