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Business Organization Management Flashcards | StudBud
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Business Organization Management
Business Organization Management
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Questions
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Answers
1
What raises interest rates to fight against inflation?
Businesses
Government
Federal Trade Comission
Federal Reserve
2
What is protectionism?
Putting money inside a vault in a bank
Restricted trade to protect a country's economy
The secret service monitoring the NYSE
Set of economical rules for all nations
3
Which is not a function of money?
Stable value
Store value
Medium of Exchange
Unit value
4
When supply and demand meet
Minimum wage
Equilibrium Point
Budget Surplus
Budget deficit
5
Choosing what to buy because you can’t buy one thing when you spend money on another
Shortage
Capital
Opportunity Cost
Scarcity
6
True of false: budget deficit is when the government collects more than it spends
False
True
7
Which of the following is not a type of economic system?
Command
Market
Total
Mixed
8
True of false: money supply is the total amount of money in circulation
False
True
9
What is the branch of the federal government that deals with the regulation of securities?
Federal Reserve
EPA
Securities Exchange Commission
Stock Environmental Control
10
Name an economic measurement that we learned about
Random Census information
Happiness among citizens
Minority count
Gross Domestic Product
11
How does the government protect intellectual property
All of the Above
Patent
Trademark
CopyRight
12
Empty question
Empty choice
Empty choice
13
The goal of the government is to...
Keep the economy stable
Create more laws
Conquer more land
Provide shelter for everyone around the world
14
When people specialize they...
Choose and master one Profession
Throw a Big Party
Invest in Stocks
Sell Stocks
15
What is an example of Protectionism?
Law
Stock
Bond
Tarriff
16
What is the difference of a countries imports and exports?
Specialization
Absolute Advantage
Federal Budget
Balance of Trade
17
Economic system where prices reflect supply and demand
Pure
Defensive
Market
Cyclical
18
Which of the following is an example of a government incentive?
Tax Breaks
More Customers
Sales/Promotions
Firing Employees
19
True of false: a surplus occurs when a business lowers its prices
False
True
20
What is the part of the business cycle when the economy starts going up again after a recession
Depression
Recovery
Trough
Expansion
21
True of False: there can be a negative incentive
True
False
22
What is the federal budget?
Money collected by banks
Money for government spending
A branch of government
Money the president can spend
23
When there is too much money of any kind in circulation
Deflation
Scarcity
Inflation
Shortage
24
What is an example of "price floor" that is every so often protested nationally?
Rent (based on a certain city/area)
Agricultural Products
Alcoholic Beverages
Minimum Wage
25
An advantage when one power can produce a product of a higher quality
Pure Advantage
Absolute Advantage
Comparative Advantage
Deficit
26
When one power can produce a greater quantity of a certain product
Pure Advantage
Comparative Advantage
Absolute Advantage
Deficit
27
What is the lowest point of the business cycle?
RIP economy level
Trough
Sad Point
Peak
28
What is another word for "reward" often given as money?
Incentive
Prize
Encouragement
Motivation
29
Who sells mutual fund portfolios?
Individual
Mutual Fund Manager
NASDAQ
Stock Broker
30
True of false: A financial market is a place where people trade securities, commodities, etc.
False
True
31
Which of the following is not a factor of production?
Capital
Entrepreneurship
Machinery
Land
32
Intermediary between savers and borrowers that does not accept deposits
Non-depository Institution
Federal Reserve
Price Floor
Financial Market
33
When is there is a limited number of resources?
Deflation
Scarcity
Shortage
Inflation
34
True of False: Inelastic demand changes based on price
False
True
35
Who creates a mutual fund?
Mutual Fund Manager
Stock Broker
Account Executive
Corporation
