PBMF Spring 21 Semester Exam Review (Ch 7,8,10,12, 16, 17, 18)

This type of charge account requires the buyer to make full payment within a stated period.

One leadership characteristic is dependability, which means leaders...

Take-home pay is

Contests, games and product give-aways are examples of

Choosing target markets and studying their needs and decision-making processes can make promotion more effective.

Mutual savings banks are organized mainly for

Anthony’s months pay is $1,520. He spent $250 on rent, $100 on groceries, & $300 on other. What is his net cash flow?

The work environment consists of both the physical conditions and the psychological atmosphere in which employees work.

Which of the following is NOT a c from the Three Cs of Credit?

Which of the following is NOT a major responsibility of a company’s human resources department?

Which of the following would NOT be considered a benefit?

A creditor is a business or individual who is willing and able to provide information about your creditworthiness.

This regulation requires that you be told the cost of credit before signing an agreement.

In which of the following situations should a manager use tactical management?

At the end of a period covered by a budget, the business will prepare new financial statements.

In 2015, the size of the U.S. workforce was more than ____________________ people.

An artificial limit placed on minority groups moving into positions of authority and decision making is called the

Supervisors often have non-management duties in addition to their management work.

This regulation requires credit bureaus to delete info dealing with a personal bankruptcy that is more than 10 yrs old

If you borrowed $100 for one year and paid $110 at maturity, the interest rate you paid would be 10 percent.

Which of the following is a disadvantage of using credit?

Services are intangible; This means that

If you lose your debit card your liability for purchases is only $50 if you notify your bank within 2 days of the loss.

Bonita writes many checks each month. Which type of checking account is probably the best choice for her?

This nondeposit financial institution makes loans for durable goods like cars, refrigerators, & financial emergencies.

All of the following are private businesses that collect/publish financial info on similar businesses/industries EXCEPT

All of the following are improper check-writing procedures EXCEPT

Which of the following scenarios will most likely result in comparatively low prices?

This work arrangement offers one job to two people, each of whom works a part-time schedule.

The Federal Trade Commission reports that credit card fraud is a major problem.

Which of the following generally is NOT a goal of a business budget?

The staffing management function

Personalized promotion is the most effective and least expensive form of marketing communication.

A business will make a profit if

Work groups are an ineffective way for employees to gain experience with management activities.

This type of credit occurs when a company receives goods from a supplier and pays for them later

A majority of employees in most businesses receive a weekly or monthly salary.

Almost everyone has the same beliefs about what constitutes ethical behavior.

Management is the ability to motivate individuals and groups to achieve increased morale.

Personal selling is usually done

Which of the following is NOT a common way businesses pay employees?

Which of the following correctly shows the budgeting process?

This part of Social Security provides death benefits to dependents of workers who die.

A successful budget

Except for some retirement accounts, the FDIC insures all accounts in the same name at each bank up to an amount of

To prepare a budget, a business must be able to identify and predict the amount of each source of income and expense

One of the first things you should do as part of the financial planning process is to

The way a manager treats and involves employees is called

A canceled check is a check that has been paid by the bank.

To plan effective promotions, marketers must first

The process of good money management should start with knowing your current financial status.

After several new product ideas have been generated, companies will

Simple interest =

All of the following would be considered expenses EXCEPT

When you put money into your checking account, you will fill out a 

In the U.S. workforce, white-collar workers are more important than blue-collar workers.

Which of the following is one of the service-providing industries?

It is illegal for a state or local government to purchase goods on credit.

Zack has endorsed a check by writing “For deposit only” above his signature. This is a

Almost ___________________ percent of U.S. banks are FDIC members.

With ____________________, the bank deducts payments from your account and transfers them to the appropriate companies.

Formal negotiation between unions and management resolve issues through

In a ____________________ plan, employees receive their regular compensation plus a portion of the company’s earnings.

Which of the following require disclosure of the APR?

A W-2 is a summary of a worker’s earnings for the previous year and includes the amount deducted for taxes.

Which of the following would NOT be considered one of the marketing functions?

A pension is the amount of money an insurance company pays to a person who has previously deposited money.

Which type of financial records identify the amount assets have decreased in value due to their age and use

A statement will report all of the following information EXCEPT

Financial analysts do not expect much further change in the way Americans use banks and money.