Business Explorations - 2nd Semester Final Exam Review 2018

A form used to tell your employer how much taxes you want withheld from your paycheck

If your monthly rent was to increase by $100 what adjustment would you make to your budget?

A result of when a business or person is unable to pay their bills.

Anything that I own

Sarah plugs in a lamp and it catches fire, which consumer protection agency should be notified?

Covers the cost to repair or replace YOUR car when you are at fault in an accident

Assets = $300,000; Liabilities = $200,000; What would the Owner's Equity be?

Comparing costs and benefits of advertising campaigns and making adjustments accordingly

Medicare insurance is for those who are

This type of tax charges a higher percentage of tax as a person makes more income

If you buy a product "as-is", what kind of warranty is typically included?

In 200/500/100 auto coverage, the 100 covers 

What expenses can be easily changed with lifestyle adjustments?

Revenue = $100,000; COGS = $60,000; Operating Expenses = $20,000; Net Profit = _______

The values and purpose of a business are detailed in which statement?

The leadership style where a manager takes input from employees and uses it to make a decision

Net Income = $1,600; Fixed Exp. = $800; Variable Exp. = $700; how much money is left over?

The federal income tax is which type of tax?

Which statement is considered a snapshot of all account balances and the accounting equation?

A person's payment history is reflected in their

Which of the following is a fixed expense?

The number of tax allowances is determined by the number of people

If your company is showing a net loss, which of the following can a manager do?

You must complete and postmark your 1040EZ by _________________

Your insurance premium is based on your

Which one is a source of short-term credit?

A promotion would be which type of motivation?

Which is less expensive?

Term life insurance provides 

The analysis companies use to identify internal and external factors that affect success

The local governments receive the majority of taxes from which taxes?

What would be considered DEBT financing?

In order for something to be insured you must have

Which statement shows the sales, COGS, operating expenses and profit over a period of time?

A loan that has a higher interest rate offered to low credit score consumers.