PBMF - Spring TEKS Test Review - 2021

The amount a policyholder must pay for insurance coverage is a premium.

One of the first things a creditor considers before lending you money is:

Mortgage payments are long term loans.

A store claims it is out of an advertised item and tries to get you to buy a more expensive on is doing this

The Marketing Mix includes product, promotion and price.

The difference between your assets and your liabilities is Net Worth.

Which of the following refers to how much a job pays and the benefits offered?

A business will make a profit if:

Which function of marketing involved moving goods from one place to the end user?

What is a special form of check that functions as cash?

A business that purchases large amounts of goods directly from manufacturers to resell in smaller quantities is called

An insurance policy states the conditions to which the policy holder and insurance company agree

Lowest hourly wage employers can pay by law.

A business that buys products from a wholesaler for a profit is called a

This is NOT a reason to be denied credit:

What are property or items of value that business own?

The first step of the budgeting process is to prepare a list of each type of income and expense.

In simple terms, are what a company owns.

An agreement to get money, goods, or services now in exchange for a promise to pay in the future?

The process of finding, selecting, training, and evaluating employees is known as:

This type of credit is used by people for personal reasons:

You use a card for ATM transactions:

eService's do NOT allow customers print checks.

Zack has endorsed a check by writing "For Deposit Only" above his signature. This is a:

The evaluation of how well an employee is doing is known as a performance appraisal.

The FDIC insures all accounts in the same name at each back up to an amount of $250,000.

A business that buys products from wholesalers or directly from producers and sells for a profit is called a

Business will NOT make profits if

Marketing Mix includes product, price, place and promotion.

A personal check for which a bank has guaranteed payments is called a:

Total Revenue – Total Expenses =

The amount of income earned before taxes and other deductions are withheld.

The activities involved in getting goods and services to customers

Which of the following pays the amount of an insurance policy upon the death of the insured?

Which loan is backed by collateral?

Segmentation is smaller groups based on variables, while mass marketing targets a large groups who might buy a product

The dynamic activities that identify, anticipate, and satisfy customer demand while making a profit is called

The total amount it costs you for a loan, including interest and fees is called:

Employers must make matching contributions to:

Groceries are a variable expense.