Business Explorations - 2nd Semester Final Exam Review

Using an ATM to withdraw cash from an out-of-network ATM will result in additional fees

What expenses can be easily changed with lifestyle adjustments?

Which account is considered a liability?

You must complete and postmark your 1040EZ by _________________

Term life insurance provides 

A pricing strategy in which a company prices products listed at 9.98, 19.99, 39.99.

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

Type of advertising that demonstrates a product is more superior to another product

Anything that I own

Which is a savings institution that is nonprofit, owned by its members sharing a similar bond.

Finding small but profitable market segments and designing custom-made products for them

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

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

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

Dividing the market using a group's values, attitudes and interests.

Type of advertising recognized by a company name and logo (i.e. - McDonald's Golden Arches)

In budgeting, what would be your Net Income if your Gross Income was $1,000 at a 20% tax rate

Gross Income = $2,000;  Taxes = 20%; Net Income (Take-Home Pay) = __________

Dividing the market using a group's age, income and education level

Credit cards should be used for inexpensive purchases like groceries, gas and entertainment

A person's payment history is reflected in their

Which one is a source of short-term credit?

Who examines the data prepared by accountants and then makes recommendations to management?

Revenue = $100,000; COGS = $60,000; Operating Expenses = $35,000; Net Profit = _______

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

A distribution outlet channel that sells products to the customer.

Product life cycle stage where consumer awareness is very low and promotion expenses are high

An news story about a company or product televised on TV or in an article online

A small group of people who meet and discuss their opinions about products

Your insurance premium is based on your

I am the check endorsement that has the highest risk for someone else cashing it?

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

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

A product's sales peak during which stage of the product life cycle?

Medicare insurance is for those who are

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

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

I am a check that has been written but not yet cleared or processed by the bank for payment

Type of advertising that provides consumers data about their product (Ford Focus gets 30 mpg)

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

In order for something to be insured you must have

What would be considered DEBT financing?

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

The Marketing Mix contains the following elements:  Product, Price, Place and  ______

Which is less expensive?

If your business issues bonds, you will have to make regular interest payments to the investors

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

The safest form of endorsement if you want to just deposit the check in your account