Money that has already been spent and cannot be recovered.

What are Porter's Five Forces?

Used to analyze the competitive intensity and attractiveness of an industry

The primary goal of financial management is to

Maximize the current value per share of the existing stock

Which of the following is true about the time value of money?

A sum of money in the future is less valuable than it is today.

What are the four parts of a strategy canvas?

Eliminate, Reduce, Raise, Create

What is an example of mutually beneficial exchange?

bakery sells cupcakes while making a small profit, consumers benefit

Will you be back next year?

Of course, why is this a question >:(, Mayhaps (I is thinking), No (we need to talk), Hopefully (I is thinking)

What is SWOT Analysis?

Framework used to evaluate competitiveness and to strategize planning

What are three essential skills of an entrepreneur?

Leadership, Problem Solving, Communication, Time Management, Ambition, Creativity, Communication, Planning, Decision Making, Planning, Decision Making, Financial Skills

Why is conducting market research essential prior to launching a business?

Find competitive advantages for your business

Why are writing business plans important?

It's a roadmap that is used to convince people to work with you

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GFB FINAL!!

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Questions 20

Answers

1
In which scenario would mutually beneficial exchange definitely increase domestically?
Increase in market size
Interest rates increase
Production frontiers are identical
Comparative advantage does not exist
2
Which of these actions of an entrepreneur will most likely result in creative destruction?
Taking over a competitor's business
Issuing shares to individuals and institutions
Lowering prices of your products
Developing new products
3
In the common business or science abbreviation "R&D," what does the letter R stand for?
Receivable
Reboot
Real estate
Research
4
What are sunk costs?
Money that has already been spent and cannot be recovered.
A price of a good/service that has dropped significantly
Money that has sunk to the bottom of the ocean.
The opportunity cost of buying an additional unit of a good/service.
5
What are Porter's Five Forces?
Used to analyze the competitive intensity and attractiveness of an industry
A method for evaluating financial performance
A model for organizational behavior and leadership styles
A set of principles for effective time management and productivity
6
GFB is your favorite club
False
True
7
The primary goal of financial management is to
Maximize current dividends per share of the existing stock
Maximize the current value per share of the existing stock
Maintain steady growth in both sales and net earnings
Minimize operational costs and maximize firm efficiency
8
Which of the following is true about the time value of money?
By this concept, it is wiser to save money than it is to invest
PV=FV(1+r)^t
PV=FV(1-r)^t
A sum of money in the future is less valuable than it is today.
9
In stocks, what is the most basic price chart?
Line chart
Pie chart
Bar chart
Candlestick chart
10
What are the four parts of a strategy canvas?
SWOT Analysis, PEST Analysis, Value Chain, Five Forces
Mission Statement, Vision Statement, Planning, Eating
Markets, Products, Cost Analysis, Sales Forecasting
Eliminate, Reduce, Raise, Create
11
“Accounts receivable” is the money owed to your company, while “accounts __” refers to the money that you owe to others.
giveable
payable
giftable
debted
12
What is an example of mutually beneficial exchange?
coffee shop sells at at a lower price than production, consumers benefit
bakery sells cupcakes while breaking even in costs, cosumers do not benefit
bakery sells cupcakes while making a small profit, consumers benefit
coffee shop sells at a higher price than production, consumers benefit
13
Will you be back next year?
Of course, why is this a question >:(
Mayhaps (I is thinking)
No (we need to talk)
Hopefully (I is thinking)
14
What is SWOT Analysis?
A statistical method used to predict stock market trends
Framework used to evaluate competitiveness and to strategize planning
Psychological test to determine an individual's emotional intelligence
Software tool used for scheduling and project management
15
What are three essential skills of an entrepreneur?
Leadership, Problem Solving, Communication
Time Management, Ambition, Creativity
Communication, Planning, Decision Making
Planning, Decision Making, Financial Skills
16
What are the two most widely followed American stock market indexes?
S&P and Dow Jones
Tesla and Amazon
NYSE Composite and S&P 500
MSCI World and FTSE 100 Index
17
Why is conducting market research essential prior to launching a business?
Guarantees immediate profit
Ensures your competitors will fail
Allows you to avoid all risks in business
Find competitive advantages for your business
18
Why are writing business plans important?
It's a roadmap that is used to convince people to work with you
Guarantee your business's success
Investors will automatically give you funding if you have a business plan
You can never change your business plan once it's written
19
What is the main purpose of any stock chart?
To manipulate the market
For markets to compete with each other
To visualize trading activity
Ensure that investment choices have a near-perfect accuracy rate
20
What allows for mutually beneficial exchange?
unlimited money
decreasing marginal benefits
coercion
preference differences

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