Economics of Business
Form a business
Accounting and Finance
Financial management
Trivia 101
100
supply
What is the quantity of products that manufactures or owners are willing to sell at different prices at a specific time?
100
franchise
What is the right to use a specific business's name and sell its products or services in a given territory?
100
book keeping
What is the recording of business transactions?
100
budget
What is a financial plan that sets forth management's expectations, and, on the basis of those expectations allocates the use of specific resources throughout the firm?
100
Tim Cook
Who is the current CEO of Apple?
200
monopoly
What is a degree of competition in which only one seller controls the total supply of the product or service, and sets the price?
200
corporation
What is a legal entity with authority to act and have liability apart from its owners?
200
depreciation
What is the systematic write-off of the cost of a tangible asset over its estimated useful life?
200
Leverage
What is raising needed funds through borrowing to increase a firms rate of returns?
200
Brazil, Russia, China, and India
What are the countries that are referred to as BRIC?
300
A situation which price increases are slowing (the inflation rate is declining)
What is disinflation?
300
vertical merger
What is the joining of two companies involved in different stages of related businesses.
300
trial balance
What is a summary of all the financial data in the account ledgers that ensures the figures are correct and balanced?
300
line of credit
What is a given amount of unsecured short-terms a bank will lend to a business, provided the funds are readily available.
300
USA, China, Japan
What are the 3 largest world economies?
400
Producer Price index - an index of measures prices at a wholesale level
What is PPI and definition?
400
Limited Liability Company (LLC)
What is a company similar to an S corporation but without the special eligibility requirements?
400
independent audit
What is an evaluation and unbiased opinion about the accuracy of a company's financial statement?
400
Trade Credit
What is the practice of buying goods and services now and paying for them later?
400
The five most valuable brands in the world
What are Apple, Google, IBM, McDonalds, and microsoft?
500
a degree of competition where only few sellers control the market. coke vs. pepsi.
What is oligopoly and give an example?
500
Leverage buyout (LBO)
What is an attempt by employees, management, or group of investors, to purchase an organization primarily through borrowing?
500
retained earnings
What is the accumulated earnings from a firms' profitable operations that were reinvested in the business and not paid out to stockholders in dividends?
500
Cost of Capital
What is the rate of return the company must earn in order to meet the demands of its lenders and expectations of its equity holders?
500
1984
What year was the Apple Macintosh personal computer introduced for the first time?
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