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

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

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

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

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

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

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

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

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

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

Contests, games and product give-aways are examples of

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

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

The staffing management function

Which of the following is a disadvantage of using credit?

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

Which of the following would NOT be considered a benefit?

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

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

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

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

All of the following are improper check-writing procedures EXCEPT

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

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

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

The way a manager treats and involves employees is called

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

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

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

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

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

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

After several new product ideas have been generated, companies will

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

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

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

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

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

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

Take-home pay is

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

A successful budget

Which of the following correctly shows the budgeting process?

All of the following would be considered expenses EXCEPT

A statement will report all of the following information EXCEPT

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

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

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

Mutual savings banks are organized mainly for

Formal negotiation between unions and management resolve issues through

Personal selling is usually done

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

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

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

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

Which of the following require disclosure of the APR?

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

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

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

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

Services are intangible; This means that

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

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

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

A business will make a profit if

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

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

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

Simple interest =

To plan effective promotions, marketers must first

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