Principles of Business & Finance Final Exam Review

Question 1

What is the 1st step of the check writing process?

Accepted Answer

Writing the appropriate information in the check register

Question 2

Jack trained employees on processing financial statements using software instead of manually.

Accepted Answer

Employment trends

Question 3

Choose the int'l trade barrier (Russia imports a certain amount of wheat to protect industry)

Accepted Answer

quotas

Question 4

What type of stock shares are offered by Best Buy investors at 5% without voting rights?

Accepted Answer

Preferred stock

Question 5

Tina regularly deposits $ into savings, what type of interest earned shows how the market is?

Accepted Answer

Money market account

Question 6

Pat wrote a check & wrote the amount of the check in words. What should he do next?

Accepted Answer

Write in the purpose of the check?

Question 7

What type of production is performed by Joe's hardware who buys materials to create furniture?

Accepted Answer

Manufacturing

Question 8

Which financial plan was used by BMW to help determine the selling of vehicles similar to rooms

Accepted Answer

Expansion

Question 9

CitiCredit sends quarterly summaries of transactions. Which type of document is sent?

Accepted Answer

Statement of account

Question 10

Steven denied a rival band from performing at the concert. What government service protects him

Accepted Answer

Intellectual property protection

Question 11

Matt checked the labels for warnings. Choose an example of a consumer information source

Accepted Answer

Business sources

Question 12

Which marketing function has LDM Enterprise provided for customers since it has several stores?

Accepted Answer

Distribution

Question 13

Which international organization assisted 2 countries with trade disagreements on tariffs.

Accepted Answer

World Trade Organization

Question 14

Locate an example of production planning for resources.

Accepted Answer

Remodeling a building in order to manufacture a new product

Question 15

An automated machine to increase production, which economic measurement activity is used?

Accepted Answer

labor activities

Question 16

There are 2 names on the business sign, but Bob ignores decisions, what type of business is it?

Accepted Answer

Partnership

Question 17

Katy's responsible for processing all applications. Which level of management is this?

Accepted Answer

Mid-management

Question 18

Choose an example of production planning for personnel.

Accepted Answer

Employees are needed for manufacturing a new product

Question 19

Which part of the economic-decision making process is performed by Jim when he applies for jobs

Accepted Answer

identifying choices

Question 20

Goodyear uses rubber to produce tires for all vehicles. Which manufacturing type is performed?

Accepted Answer

Materials processing

Question 21

Amy read an article about a new product arriving next week. What is the consumer info source?

Accepted Answer

Media

Question 22

What type of business sells shares of stock & relies on people for financial directions?

Accepted Answer

Corporation

Question 23

The Fed Reserve System approved a merger between 2 banks. Which service did they perform?

Accepted Answer

Approving bank mergers

Question 24

An economist who annually researches the value of homes built uses which economic measurement?

Accepted Answer

GDP

Question 25

Ken allowed his employees to plan the expansion project. What style of management is this?

Accepted Answer

Strategic

Question 26

Which social responsibility is addressed by a company who provides fitted equipment?

Accepted Answer

Job safety

Question 27

3% of a $40,000 is allotted in the budget for workshops about job safety. Choose amt of $ used?

Accepted Answer

$1,200

Question 28

Lynn adjusted her gift-giving practices in China while conducting business.What was considered

Accepted Answer

Cultural influences

Question 29

There is $10,000 in a business savings. What evaluation factor is used when comparing rates?

Accepted Answer

Potential return

Question 30

Al should use which type of budget to analyze the business performance for his rim shop?

Accepted Answer

Operating

Question 31

What service is it used by a Federal Reserves Systems while aiding transfers between 2 states.

Accepted Answer

Clearinghouse

Question 32

Tracy welcomed 20 new interns during orientation.Which human resources activity was performed?

Accepted Answer

Recruiting and hiring

Question 33

Which function of management did Jim coordinate when he coordinated access to office space?

Accepted Answer

Organizing

Question 34

The Federal Reserve System supplied $500 billion to the monetary system. Which service was it?

Accepted Answer

Participating in open market activities

Question 35

What type of technology app is used by Yin who buys items using the computer instead of a store

Accepted Answer

E-commerce

Question 36

What type of financial planning is conducted when Cole projected a $9,000 revenue next quarter?

Accepted Answer

Operation

Question 37

Scott prefers a savings plan that earns interest on previously earned interest. What is it?

Accepted Answer

Compund

Question 38

How are common and preferred stocks similar?

Accepted Answer

Both have a risk of loss of an investment

Question 39

Which evaluation factor is considered by Joe when reviewing his portfolio for quick access to $

Accepted Answer

Liquidity

Question 40

Tina designs brochures that includes features and benefits.Choose her marketing function

Accepted Answer

Promotion

Question 41

How much interest is earned on a $1,000 CD that's compounded at 8% interest for 3 years?

Accepted Answer

$259.71

Question 42

City gov't needs $5 million to build a new facility. What type of bond investment would help?

Accepted Answer

Municipal bond

Question 43

Where is Bob in the consumer-decision making process he's trying to figure out what to sell...

Accepted Answer

He is gathering information

Question 44

Only 40 people were included & 15 pizzas produced for $7-choose the economic activity used?

Accepted Answer

GDP per capita

Question 45

What type of credit was used by Andy when shopping at several stores and charging $800?

Accepted Answer

Credit card

Question 46

Doug is shopping at Haverty's furniture & has been advised of the payment options for 3 yrs.

Accepted Answer

Installment credit

Question 47

Stacy agreed to pay $3,000 for installation & the manager disputed the amount. Solve the issue

Accepted Answer

She should get contract enforcement

Question 48

China is banned from selling items in other countries. Which int'l trade barrier is this?

Accepted Answer

Embargoes

Question 49

What are customers concerned about when signing up for online-subscriptions?

Accepted Answer

Privacy

Question 50

What information is useful to companies who measure economic activities on a monthly basis?

Accepted Answer

consumer spending

Question 51

Vietnam has limited space which hinders int'l business. What classifies this int'l business?

Accepted Answer

Economic development

Question 52

Which regulation protects Al for having information off his credit history reported wrong?

Accepted Answer

Equal Credit Opportunity Act

Question 53

What type of financial institution does an investor prefer that offers access to ATMs close by?

Accepted Answer

Convenience

Question 54

Which is an example of direct channel of distribution?

Accepted Answer

Mary takes care of all the marketing functions

Question 55

Louis chose a type of ownership over sole proprietorship & has ADVANTAGE & pass down his stock

Accepted Answer

Potential of unlimited life

Question 56

Rose enjoys working alone in her jewelry shop and controlling daily tasks.Choose the ADVANTAGE.

Accepted Answer

Control of decisions

Question 57

How are common and preferred stocks different?

Accepted Answer

Preferred stockholders have priority in dividend payments

Question 58

Cancun has white sandy beaches and many people enjoy them at low rates. What ADVANTAGE is this?

Accepted Answer

absolute

Question 59

What type of investment allows customers to exchange items for higher prices from 25 yrs ago?

Accepted Answer

Collectibles

Question 60

What type of production is performed by Bubba's Fishery employees who sell it globally?

Accepted Answer

Extraction and cultivation

Question 61

A bank loaned Chris $4,500 for 24 months. Which type of credit did he accept?

Accepted Answer

Consumer loan

Question 62

Which type of technology application is used when customers can purchase items from each other?

Accepted Answer

E-commerce

Principles of Business & Finance Final Exam Review

Questions 62

Principles of Business & Finance Final Exam Review

Questions 62