Fundamentals of Business Final Review

Question 1

A form of digital advertising in which ads have the look and feel of editorial content on a webpage or in an application

Accepted Answer

Native Advertising

Question 2

Which of the following is NOT an example of how augmented reality (AR) is used in business?

Accepted Answer

To simulate environment in video games

Question 3

A beneficiary is the person or entity that is legally:

Accepted Answer

designated by the insured to receive insurance benefits

Question 4

The best time in a person’s life to invest money is to maximize savings:

Accepted Answer

As early as possible.

Question 5

The maximum amount of money that can be charged to a credit card:

Accepted Answer

Credit Limit

Question 6

A loan to purchase or maintain a home, land, or other types of real estate:

Accepted Answer

Mortgage

Question 7

Apple Pay, Venmo, Cash App, Zelle, and PayPal are examples of:

Accepted Answer

Online Payment Services

Question 8

Stock market summaries display numbers followed by USD. What does USD stand for?

Accepted Answer

United States Dollar.

Question 9

Which one of the following will raise your credit score?

Accepted Answer

Paying your bills on time

Question 10

Protects the insured from loss of the contents of the dwelling rather than the dwelling itself.

Accepted Answer

Renter&#x27;s insurance

Question 11

The amount that consumers will be willing to pay for a product:

Accepted Answer

Price

Question 12

Company’s process or practice that is not public information, which provides an economic benefit or advantage to company

Accepted Answer

Trade Secrets

Question 13

The hardware, software, and financial services needed for a business to accept and process credit cards and debit cards:

Accepted Answer

Merchant Services

Question 14

Excel is used for:

Accepted Answer

Spreadsheets and charts

Question 15

A job description includes:

Accepted Answer

Requirements, responsibilities, job duties, and skills

Question 16

Market segmentation based on the customer’s geographic location:

Accepted Answer

Geographic

Question 17

To minimize the risks of cyberattacks you should NOT:

Accepted Answer

Keep default usernames

Question 18

Which part of automobile insurance pays for physical damage to your car including theft, vandalism or natural disasters?

Accepted Answer

Comprehensive

Question 19

To protect a person or entity from the risks of liabilities imposed by lawsuits and similar claims.

Accepted Answer

Liability insurance

Question 20

How does time affect the Time Value of Money?

Accepted Answer

The longer the money is invested, the more money it earns.

Question 21

What causes prices to rise?

Accepted Answer

Increase in demand for a good or service

Question 22

Legal proceeding that relieves responsibility of paying debts or provides protection while attempting to repay your debt

Accepted Answer

Bankruptcy

Question 23

A goal specified as more than one year:

Accepted Answer

Long-term goal

Question 24

How do interest rates affect the Time Value of Money?

Accepted Answer

More money is earned with a higher interest rate.

Question 25

Also known as ticker, is a shorthand way of describing a company's stock, may contain three to five letters

Accepted Answer

Stock symbol

Question 26

Excel spreadsheets enable users to:

Accepted Answer

Format, organize, and calculate data in a spreadsheet.

Question 27

A Credit Score is a number assigned to a person that indicates to lenders their capacity to repay a loan and is between:

Accepted Answer

300 - 850

Question 28

Can help prevent customers from leaving a company for others when new products come to market:

Accepted Answer

Customer Loyalty

Question 29

Ads delivered via Facebook, Twitter, Instagram to specific demographics is an example of what type of advertising?

Accepted Answer

Social Media Advertising

Question 30

Set of people, organizations, and activities that work together to transfer goods from point of origin to consumption:

Accepted Answer

Marketing Channel

Question 31

Symbol, phrase, or insignia that is recognizable and represents a product that legally separates it from other products:

Accepted Answer

Trademarks

Question 32

Most common and easiest market segmentation to create, covers the standard, factual or statistical type information:

Accepted Answer

Demographic

Question 33

A loan that is backed by something (collateral) the lender can take if the borrower defaults:

Accepted Answer

Secured loan

Question 34

A group of people with some shared characteristics that a company has identified as potential customers for its products

Accepted Answer

Target Market

Question 35

High net-worth individuals who get an equity stake in return for their financing. They expect to make a profit.

Accepted Answer

Angel Investors

Question 36

What type of insurance would a person need if they were hurt in an automobile accident and unable to work for two months

Accepted Answer

Disability insurance

Question 37

Which of the following is a digital marketing channel?

Accepted Answer

Social Media

Question 38

The yearly fee charged for holding a credit card:

Accepted Answer

Annual Fee

Question 39

The five C’s of credit are:

Accepted Answer

Character, capacity, capital, collateral, conditions

Question 40

Charge the credit card issuer applies to your account if you fail to meet the minimum payment by your bill’s due date:

Accepted Answer

Late Fee

Question 41

One way to build credit is to:

Accepted Answer

Use a credit card

Question 42

Helps businesse raise money to launch a specific product. Can be time consuming and requires putting information on site

Accepted Answer

Crowdfunding site

Question 43

The amount of a loss you must pay out of your own pocket before the insurance will pay the rest is the:

Accepted Answer

deductible

Question 44

Investment types do NOT include:

Accepted Answer

TV&#x27;s and cell phones

Question 45

The same interest rate throughout the term of the loan:

Accepted Answer

Fixed-Rate Mortgage

Question 46

Which part of automobile insurance pays for expenses if the driver at fault does not have coverage or enough coverage?

Accepted Answer

Uninsured/Underinsured

Question 47

The percentage it controls of the total market for its products and services:

Accepted Answer

Market Share

Question 48

Insurance is an arrangement between:

Accepted Answer

The individual and the insurer

Question 49

The provision of money, goods, or services with the expectation of future payment.

Accepted Answer

Credit

Question 50

A semi-annual review takes place:

Accepted Answer

Twice a year

Fundamentals of Business Final Review

Questions 50

Fundamentals of Business Final Review

Questions 50