Finance
Economy
Ethics & INTL
Business Ownership
Accounting
100
The two types of stock a company can sell.
What is common and preferred stock?
100
When the U.S. government spends more than it receives within a fiscal year
What is federal deficit?
100
A tax levied on a particular foreign product entering a country.
What is a tariff?
100
The person who assumes full co-ownership of a partnership, including unlimited liability.
What is general partner?
100
The correct order for the balance sheet.
What is assets, liabilities, equity?
200
A statement that projects income and/or expenditures over a specified future period.
What is a budget?
200
This is a market situation (or industry) in which there are few sellers (high barriers to enter).
What is oligopoly?
200
Considered one of the highest level of involvement in international business (Walmart, Coca-Cola, etc).
What is a multinational firm?
200
Invests money in the business but has no management responsibility.
What is a limited partner?
200
The cash at the end of the year reported on the statement of cash flows is the same...
What is cash amount reported on the firm's balance sheet?
300

This is a standard length of a trade-credit agreement.

What is 30-60 days?

300
A general rise in the level of prices
What is inflation?
300

This is a report of what a business has done and is doing about social issues.

What is social audit report?

300
This type of a corporation has restrictions on the number of owners, members, or stockholders?
What is S-Corp?
300

Salaries payable, accounts payable, and taxes payable are examples of

What are current liabilities?

400
This is probably considered the most drastic step in securing funding, often a last resort for a corporation.
What is sale of assets?
400

Some economists believe that sound fiscal and monetary policy can reduce the amount of time the economy is in the _______ stage of the business cycle.

Recession 

400

A restriction on the amount of a particular foreign currency that can be purchased or sold

What is foreign exchange control?

400
The purchase of one corporation by another.
What is a merger?
400

Schluster Hardware, Inc., had a gross profit of $380,000, operating expenses of $210,000, and income taxes of $48,000. What is Schluster's net income after taxes?

What is 122K?

500
A firm that specializes in buying other firms' accounts receivable.
What is a factor?
500
A price at which the demanded quantity is equal to the produced quantity of that product
What is market price?
500

Informing the press or government officials about unethical practices within one's organization.

What is whistle-blowing?

500
What state offers the lowest organizational costs for corporations?
What is Delaware?
500

How often does a public corporation must change its lead auditing firm?

What is every 5 years?

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