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Business grade 9 review Flashcards | StudBud
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Business grade 9 review
Business grade 9 review
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international business gr9
Flashcards
50 cards
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Questions
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Answers
1
An agreement between US, Mexico, and Canada that makes importing/exporting more profitable.
IBEX
NAFTA
GDP
EU
2
A dividend means that you have received what?
4 dividend by 2 is 2
a bill
money for being an owner in a company
you have to go to court
3
The main benefit of this type of ownership is you cannot be sued for your personal items.
Sole Propreitorship
Partnership
Corporation
4
The type of account used to save for retirement.
Cash
Bank
RESP
RRSP
5
The type of competition when there is only 1 seller? (protein bar)
Monopolistic
Perfect competition
Monopoly
Oligopoly
6
A patent protects inventions
True
False
7
A slogan can be trademarked
True
False
8
Debits on the __________ Credits on the ________
Left, Right
Right, Left
Left, Left
Left, Write
9
A mortgage is a _____________ account
Liability
Revenue
Asset
Expense
10
The _______________ for bathing suits increases in july
Price
Demand
Supply
11
DJ. Econ is famous for his rap about what?
Supply and Demad
Trends
Ergonomics
Trade
12
Selling or shipping goods to another country.
Receiving
Exporting
Importing
Distributing
13
The WTO hopes to do all of the following accept?
Encourage trade
Settle disputes
Increase tariffs
Eliminate import quotas
14
To make changes to an exsiting product or make it better.
Prototype
Invention
Innovation
Leafs
15
The BRIC countries are some of the most rapidily growing they are
Brazil, Russia, Ireland, China
Brazil, Russia, India, China
Belgium, Russia, India, Canada
Brazil, Ireland, Russia, Canada
16
Computer code is protected by copyright
True
False
17
Budgets are created organizing your expenses from
Least important to most
Most important to least
18
A Bank account in accounting is a __________________.
Liability
Asset
19
The third stage of the Product Life Cycle
Decline
Maturity
Intro
Growth
20
Something popular for a short period of time.
Niche
Seasonal
Fad
Trend
21
Which of the following is an "asset"?
Accounts Payable
Accounts Receivable
22
Patents protect things like logos
False
True
23
WTO stands for....
World Taz Organization
World Trade Organization
Whole trade organization
24
Buying lottery tickets on a credit card is "investing"
True
False
25
Getting airfare, hotel, and rental car for 1 price that is discounted is?
Bundle Pricing
Pyschological Pricing
Loss leader pricing
26
The first asset listed on a balance sheet.
Expenses
Bank/Cash
Accounts Payable
Capital
27
$99.99 is a "psychological price
True
False
28
The process of working towards an agreement on price
negotiating
the harlem shake
hagling
dancing
29
A very safe form of investment
Baseball cards
GIC
TOYS cuz they are FUN!
Forex
30
Pepsi is the greatest drink ever created.
True
False
31
The form of ownership that sells shares
Partnership
Corporation
Sole Proprietorship
Co-Op
32
The financial statement that tells you how much a company is worth is.
Balance Sheet
Income Statement
33
Buying or bringing in goods from another country.
Importing
international trade
Exchanging
Receiving
34
USMCA is a trade agreement between that does not include what country
Cuba
Mexico
U.S.
Canada
35
If you take your Assets and subtract your Liabilities we can determine
How much you owe
How much you have
The worth of you or your company
36
If your investment earned 12% per year it would take how long to double using rule of 72
6 years
3 years
5 years
12 years
37
McDonalds offers different menu items in different countries.
True
False
38
A type of trade barrier imposed as a tax.
domestic goods
Tariff
Imported goods tax
NAFTA
39
Tim Hortons, Subway, Pita Pit are all examples of these...
Direct Competitors
Partnerships
Franchises
Co-Ops
40
People who help get products in the hands of consumers
Intermediaries
Agents
Stores
Shippers
41
The four P's of marketing are Price, Product, Place, and _______________
Advertising
Packaging
People
Promotion
42
Restrictions on goods entering or leaving a country.
international rules
tariff
restruction
trade barrier
43
Which of these is a "good credit score"?
500
720 and up
.900
100%
44
Canada's largest trading partner is the United States this is because
They also speak French
They need our hockey players
Common currency
We are close and quite similar in culture
45
You owe Mr. Klemp $20.00 on HIS balance sheet he has $20.00 in accounts _______ from you.
Payable
Recievable
46
Biritish Pound, Japenese Yen, Chinese Yuan are all? __________
Foriegn Currencies
Countries
Trade partners
Places
47
If you think stock prices are increasing you are a _____________
Bear
Bull
48
Pizza delight and New Orleans are _____________ competitors
Close
Indirect
Direct
NON
49
The formula for creating an advertisment
AIDA
DAIA
50
The account that grows tax free!!!
RESP
TFSA
GIC
BANK