Business Concepts P.M. & A.M.F.

Question 1

What term refers to the fee that stockbrokers charge for their services

Accepted Answer

Commission

Question 2

What does starting your own business include

Accepted Answer

High risk and long work hours

Question 3

What is the term for a business owned by one person

Accepted Answer

Sole Proprietorship

Question 4

What is a ticker symbol

Accepted Answer

Abbreviation to identify publicly traded stock

Question 5

Which is the BEST business venture based on the given target market

Accepted Answer

Selling iPod covers to teenagers

Question 6

What is the term for a consumer's willingness to buy

Accepted Answer

Demand

Question 7

Which THREE items should be considered when evaluating the financial cost of creating business documents? (Choose 3)

Accepted Answer

Cost of Materials, Cost of Maintenance, Cost of Time

Question 8

What is the main purpose of a business plan? (Choose 3)

Accepted Answer

It sells your product in the marketplace, It assists in obtaining funding for your business, It defines how you want your business to get there

Question 9

How do businesses use magazine ads, business cards, and posters

Accepted Answer

Advertise goods and services

Question 10

What is the term for the intended consumers of a product

Accepted Answer

Target Market

Question 11

What are shares in the ownership of a company called?

Accepted Answer

Stocks

Question 12

What should be considered when designing a company logo

Accepted Answer

Should be simple and easy to remember

Question 13

Select the 4 P's of the marketing mix. (Choose 4)

Accepted Answer

Place, Promotion, Price, Product

Question 14

Emma bought 300 shares of a stock at $4/share, then sold the shares at $6/share. What was the gain or loss of the stock?

Accepted Answer

$600 profit

Question 15

What term refers to the amount of a product or service that businesses are willing and able to provide?

Accepted Answer

Supply

Question 16

What is a Budget

Accepted Answer

Savings and Spending Plan

Question 17

Human Resources are skills that people bring to job. (True or False)

Accepted Answer

True

Question 18

Distribution is planned in which of the 4 P's of the Marketing Mix?

Accepted Answer

Place

Question 19

What is P/E Ratio?

Accepted Answer

Price to Earnings

Question 20

Select the five items that should be included in a business document.

Accepted Answer

Phone Number, Address, Website, Company Name, Logo

Question 21

Which exchange is Apple traded on?

Accepted Answer

NASDAQ

Question 22

Capital Resources are machines, buildings, and equipment used to produce goods and services.

Accepted Answer

True

Question 23

What can enhance the message of an ad

Accepted Answer

Graphics

Question 24

Daily stock quotes can be found in which of the following

Accepted Answer

The News on TV, The Internet, The Newspaper

Question 25

In starting a local lawn care service, which is the LOWEST-cost method of advertising

Accepted Answer

Word of Mouth

Question 26

According to the chart, what is the current price of this stock

Accepted Answer

$323.87

Question 27

14-year-old Johnny runs a lawn care business. If Johnny only has $20 to spend on ads, which ad media should he use?

Accepted Answer

Internet

Question 28

Unlimited wants and needs with limited resources is an example of what?

Accepted Answer

Scarcity

Question 29

What would the value of John’s stock be if he purchased 7 shares at $3/share and the stock now sells at $6/share?

Accepted Answer

$42

Question 30

What is one advantage of of investment diversification

Accepted Answer

Minimized Risk

Question 31

What is the main purpose of a non-profit organization

Accepted Answer

Fulfill a specific mission or cause

Question 32

What is one benefit of investing over time

Accepted Answer

Compound Interest

Question 33

What was the highest price recorded in the past year for this stock

Accepted Answer

$327.85

Question 34

How do businesses gather information to determine what goods and services to produce

Accepted Answer

Market Research

Question 35

What phrase means the stock market is trending downward?

Accepted Answer

Bear Market

Question 36

What term refers to an association of two or more people operating a business as co-owners

Accepted Answer

Partnership

Question 37

What term describes a graphical representation of a company?

Accepted Answer

Logo

Question 38

What term describes developing, promoting, and distributing products

Accepted Answer

Marketing

Question 39

What is one advantage of a corporation

Accepted Answer

Limited liability

Question 40

Which of the following advertising methods is the MOST expensive?

Accepted Answer

TV commercials during the Super Bowl

Question 41

What term refers to starting, managing, and assuming the risk for a business?

Accepted Answer

Entrepreneurship

Business Concepts P.M. & A.M.F.

Questions 41

Business Concepts P.M. & A.M.F.

Questions 41