GBS151 - Business - Final Exam Prep

Question 1

Planning for a firm’s money needs & managing the allocation and spending of funds is defined as

Accepted Answer

Financial management

Question 2

Marketing is the process of creating value for customers.

Accepted Answer

True

Question 3

When stock prices have been rising over a long period of time it is known as:

Accepted Answer

a bull market

Question 4

Which of the following are types of advertising appeal?

Accepted Answer

logic and humor

Question 5

An example of wants would be:

Accepted Answer

a fancy home

Question 6

Agents and brokers are an example of retailing formats.

Accepted Answer

False

Question 7

The basic accounting equation is: Assets = Liabilities + Owners Equity.

Accepted Answer

True

Question 8

Institutional advertising is designed to create goodwill & build a desired image for a company.

Accepted Answer

True

Question 9

The product development process is a formal process of ___, product ideas.

Accepted Answer

both A and B

Question 10

Union members and supporters point to a number of ways workers benefits from union members:

Accepted Answer

both

Question 11

How many states have some form of right to work laws?

Accepted Answer

25

Question 12

Since the beginning of the meltdown, more than _______ U.S. banks have failed.

Accepted Answer

500

Question 13

Measuring interpreting & communicating financial info to support internal &ext. decision making

Accepted Answer

Accounting

Question 14

A statement describing the kind of person who would be best for a given job is considered:

Accepted Answer

job specification

Question 15

The order of the product life cycle is: Introduction, maturity, growth and decline.

Accepted Answer

False

Question 16

When a business uses “debt financing” to raise money to operate the business, these sources are

Accepted Answer

borrowing money from the bank or bondholders.

Question 17

During an interview you can be asked what your sexual orientation is.

Accepted Answer

False

Question 18

The paid display or use of products in television shows, movies, and video games is known as:

Accepted Answer

product placement

Question 19

Flextime, telecommuting and job sharing are an example of:

Accepted Answer

alternative work arrangements

Question 20

The marketing mix consists of:

Accepted Answer

both A and B

Questions 20