Economics
Business
Personal Finance
Toss Up
Marketing
100
Define the Term "Want"
Things you would like to buy but are not necessary for survival
100
True or False Banks are more likely to lend money to partnerships than to sole proprietorships.
True
100
Rule #1 of your life should be
Pay Yourself First
100
The agency that is responsible for enforcing credit laws is the…
FTC
100
Is it Pathos, Logos, Ethos
Logos
200
What are limited resources called?
Nonrenewable
200
True or False Sole proprietorships have limited liability.
False
200
True or False
If you have a large amount of debt, creditors will be more likely to give your credit.
False
200
Which of the following refers to a 15 year or 30 year installment loan- usually for home purchases?
Mortage
200
What are demographics?
A group of people being targeted to buy goods
300
Skilled, unskilled, physical, or intellectual are used to describe…
Human resources
300
For consumers, competition between companies means…
Lower prices, Higher Qualities of Goods, More Choices
300
True or False When comparison-shopping for low-cost items, a person should consider the cost of the time and energy spent as well as the money to be saved.
True
300
A major advantage of credit is…
Convenient
300
Is this Pathos, Logos, or Ethos
Ethos
400
The total value of goods and services produced in a country in a given year is called this.
Gross Domestic Product
400
What does it mean if a good is made domestically?
A product made in the United States
400
True or False
A person with no credit history, a poor credit rating, and no collateral can still get a credit card if they have a cosigner.
True
400
An example of a capital resource would be…
An ice cream truck
400
Name the 4'Ps of market mix?
Product, Price, Promotion, Place
500
What is it called when Supply and Demand come together?
Market Equilibrium
500
The four stages of the business cycle are…
Peak, recession, depression, and recovery
500
What is Gross Pay?
Your wages before taxes have been taken out
500
What is not a question that marketers consider to determine the price of a product.
Is the price fair?
500
Is it Pathos, Ethos, Logos
Ethos