Business Orientation Final Review

Question 1

You are a real estate agent, how are you paid (the more houses you sell the more money you make)?

Accepted Answer

Commission

Question 2

Equilibrium price is where...

Accepted Answer

Where supply and demand intersect

Question 3

"Our paper towels clean better than the competition" What form of advertising is this?

Accepted Answer

Comparative

Question 4

The Accounting Equation is...

Accepted Answer

A=L+OE

Question 5

What was the best unit of Business Orientation?

Accepted Answer

Management, Human Resources, Interview Process, Marketing & Advertising, Business Ownership, Finance, Investing, & Accounting

Question 6

If your company has a surplus of a singular item, what are you likely to do?

Accepted Answer

Decrease production and selling price

Question 7

An early investor (your age or slightly older) should do what when it comes to investing?

Accepted Answer

Be risky, you have time to make it back

Question 8

Who dis?

Accepted Answer

Warren Buffett

Question 9

"We want to add 2 new items to the menu in the next 6 months."

Accepted Answer

Short-term goal

Question 10

Selling a product at a very high initial price is an example of what?

Accepted Answer

Price Skimming

Question 11

How many companies does the Dow Jones track?

Accepted Answer

30

Question 12

Joe works 46 hours, he makes $9.00 per hour. How much does he make per hour in overtime?

Accepted Answer

$13.50

Question 13

Which one of these is one of the 4 P's?

Accepted Answer

Price, Place, Promotion, Product

Question 14

After paying the share price, if you have to pay an additional fee of $9.99, what are you paying?

Accepted Answer

Commission

Question 15

An owner of a company

Accepted Answer

Stockholder

Question 16

Making financial transaction based on information not yet known to the public

Accepted Answer

Insider trading

Question 17

Tom wants to open up his own McDonalds. They charge him $50,000 to start the business...

Accepted Answer

$50K = Franchise Fee

Question 18

The willingness and ability of consumers to buy a product.

Accepted Answer

Law of Demand

Question 19

Females 35-50 is an example of what?

Accepted Answer

Demographics

Question 20

If someone hurts their back at work they can collect what?

Accepted Answer

Workers compensation

Question 21

This type of business where there is no competition, and the formation of these are illegal.

Accepted Answer

Monopoly

Question 22

"I make $65,000 per year"

Accepted Answer

Salary

Question 23

Liabilities = $90,000, Owners Equity = $200,000. Assets = ?

Accepted Answer

$290,000

Question 24

The # of shares traded per day is the _______?

Accepted Answer

Volume

Question 25

Unlimited Liability is a disadvantage of what type of business?

Accepted Answer

Sole Proprietorship

Question 26

You buy 10 shares of AMZ stock for $1,100 each, what is your total investment? (no commission)

Accepted Answer

$11,000

Question 27

a VCR is an example of a product on what stage of the Product Life Cycle?

Accepted Answer

Decline

Question 28

For Metea Valley, Dr. Echols is on the top of this.

Accepted Answer

Organizational Chart

Question 29

CEO, VP, President

Accepted Answer

Top manager

Question 30

Which of the following identifies the # of shares traded for a certain company on a given day.

Accepted Answer

Volume

Business Orientation Final Review

Questions 30

Business Orientation Final Review

Questions 30