Business Final Review

All of the following would be considered expenses EXCEPT

Due to an error in pricing a bar code what legal action is appropriate for those overcharged?

Which of the following is NOT a long term asset?

The major policy and financial decisions makers for a corporation are called

A major purpose of a budget is to

Employers must make matching contributions to 

Comparison shoppers usually evaluate which of the following?

John has 2 hours before his part-time job. Does he study for math or take a nap? He chooses nap

What are the 3 C's of credit?

The way a manager treats and involves employees is called

Small business have an advantage over big businesses when customers

A key difference between advertising and publicity is

An operating budget is usually planned for

Sending work from one company to another company that can complete it at a lower cost is called

The first step of the budgeting process is to 

The combined use of tactical and strategic management is known as

Which of the following is a direct channel of distribution?

Four elements of a marketing mix.

Which of the following is NOT a cultural/social factor that affects international business?

All the following are part of the planning/staffing function of human resources EXCEPT

The phase of the business cycle in which unemployment is highest is

The financial institution most likely to charge the highest rate for a loan would be a

Human resources

Most valuable number to consider when comparing credit among various borrowing sources is the

A tax that government places on certain imported products is called a(n)

What type of tax is a common source of revenue for most state and local governments?

The most important responsibility consumers have is to be

Personal selling is usually done

Goods and services sold to other countries are called

Large purchases (such as appliances and automobiles) are commonly bought using

An income statement usually covers

Which of the following constitutes fraud by a salesperson?

Which of the following isn't an important human relations skill needed by leaders and managers.

A code of ethics is designed to 

The final step in the financial decision-making process is to 

What's the first document that must be completed when opening a checking account?

The most successful small business owners

A payment for rent represents

A reputation for paying bills on time relates to a person's 

A typical characteristic of entrepreneurs is that they

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

The first step in the consumer decision-making process is to

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

A plan where employees receive regular compensation plus portion of company's earnings.

Which of the following is investing for current income?

The person who reports on the value of a home is a(n)

Location is important to small retail businesses because

A recently added new ingredient to a current product giving cleaning power is an example of

Total revenue - total expenses =

All leaders need to be dependable, which means that they

The value of collectibles is most influenced by

A limit a government puts on the quantity of a product exported/imported during a given period.

Difference between amount of money coming into a country and amount that goes out is called the

An example of a non-renewable resource would be

In simple terms what does a company own?

Savings accounts and a home are examples of

The form of ownership that gives one person sole control over all business decisions is the

Which of these statements best describes preferred stock?

if you start a new business you need information about

The making, buying, and selling of goods and services within a country is called

Type of financial record identifying amount of assets has decreased in value due to their age.

Additions and improvements to a basic product are considered

Which of the following would an economist most likely classify as a need?

All of the following is NOT a major responsibility of a company's human resource department?

In which of the following economic systems is the government's role greatest?

A business will make a profit if

Generic products are less expensive than other items because

Product costs + operating expenses + profit = 

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

All of the following are blue-collar workers EXCEPT

Signing a promissory note occurs when using