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Business Economics Preview Flashcards | StudBud
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Business Economics Preview
Business Economics Preview
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Business Economics Preview
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
Who is this individual, named one of the best entrepreneurs of the last century?
Henry Ford
Walt Disney
James Stewart
Charles Lindburgh
2
Firms are always keeping an eye on their ___, because if they don't they may lose business.
closest competitors
smart bureaucrats
thieving employees
loving pets
3
The process by which management negotiates with laborers is called ___.
nominal negotiations
union arrangement protocol
collective bargaining
labor management relations
4
Should you buy a stock and keep it, never selling it, the reward is earning ___.
money
capital
income
dividends
5
Adam Smith said when people are out ___, firms do well and that makes an economy strong.
working hard
being nice to people
pleasing the government
getting as rich as they possibly can
6
Legally a corporation is ___.
a human being
licensed to do the business it does
non-profit
never liable for its debt obligations
7
What is the title of the pictured individual?
President of the Council of Economic Advisers
Federal Reserve Chairman
Secretary of Commerce
Quarterback of the Super Bowl winning Kansas City Chiefs
8
Firms are ALWAYS thinking about the cost of what they could otherwise be doing, or their ___.
stock options
alternative production
opportunity cost
variable costs
9
What are the names of the pictured individuals?
Chip and Dale
Woody and Buzz
Rick and Morty
Cowboy Earl and Spaceman Spiff
10
What is the name of the company the pictured individual runs?
Apple
Microsoft
Amazon
Facebook
11
Why are businesses in operation to make people's lives better with what they produce?
To generate capital
To exploit people
To earn profits
To make money
12
The best strategy to employ when investing is
Allocate your income distribution
Utilize information technology
Buy stocks when they're low
Diversify your portfolio
13
The revenues of the No. 1 Fortune 500 U.S. company last year were ___.
$4 trillion
$85 billion
$4oo billion
$18 trillion
14
What is the title of the pictured individual?
Governor of California
Secretary of State
General Manager of the next Super Bowl winning team
Chairperson of the Federal Reserve Board
15
Who is the most powerful person in a large business organization?
The Chairman of the Board
The President
The Chief Operating Officer
The Preferred Stockholder
16
Most of a top executive's compensation for doing the job is in his/her ___.
stock ownership
bonus package
accoutrement benefits
salary
17
What is notable about the pictured individual?
4th richest in world, owns Wal-Mart
3rd richest in world, owns Berkshire Hathaway
1st richest in world, owns Oracle
2nd richest in world, owns Global Financial Capital
18
In the long run all costs are ___.
implicit
variable
fixed
explicit
19
The process of managers always thinking about the firm's next decision is ___.
profit maximizing
marginal analysis
income generation
resource allocation
20
The place notable for representing the financial health of the country is
Capital Avenue
Broadway
Madison Avenue
Wall Street
21
What is the title of the pictured individual?
Secretary of Commerce
Secretary of Treasury
Chairman of the Council of Economic Advisors
Chief Justice
22
Producing output at ___ will generate the most profit for a firm.
profits over margins
marginal cost equaling marginal revenue
revenue times price
revenue minus costs
23
The practice of knowing things unlawfully kept from the public to exploit stock values is ___.
insider trading
embezzlement
securities fraud
stock manipulation
24
When the stock market is generally doing well for a period of time, this is a(n) ___ market.
eagle
bear
tiger
bull
25
What is the form of income one gets for providing financial capital to a firm?
interest
profit
rent
wages
26
A smart but not-very-famous U.S. president once said, "The business of America is ___."
government making sure everyone is taken care of
business
using taxes to make government bigger and better
taxing people so government can provide for them
27
Who sings the song "Never Be The Same"?
Camila Cabello
Bebe Rexha
Dua Lipa
Cardi B
28
For businesses to succeed, they must always be making improvements to products, or ___.
innovating
allocating
imagining
inventing
29
All of the following are factors of production
except
physical capital
human resources
enterprise
income
30
The money used for getting the things needed to start or improve a business is ___.
currency
financial capital
dollar increments
registration income
