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