Business Admin
Marketing
Finance
Hospitality and Tourism
100
A form of business ownership that is owned by stockholders who have purchased units or shares of the company
**DOUBLE POINTS!**
Corporation
100
This law allows buyers a certain amount of time to withdraw from a purchase agreement without penalty.
Cooling-off Law
100
A contract is unenforcable if it violates this.
A statue
100
To cover small and unexpected business expenses, many hotels maintain these.
petty-cash funds
200
theft of valuables that have been entrusted to another's care
Embezzlement
200
**DOUBLE POINTS**
The Four Ps of Marketing
200
A nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
Credit-Union
200
B.F. Goodrich ships tires to General Motors in Detroit.This is an example of a(n)__________ channel of distribution.
A. intermediary
B. indirect
C. intensive
D. direct
D. direct
300
a contractual agreement between a
parent company and a franchisee to distribute goods and services
Franchise
300
An analysis of a company's strengths, weaknesses, opportunities, and threats
SWOT Analysis
300
Chris purchased 500 shares of microcap HRR stock. Then, he posted false information about HRR on
several investment websites to hype up the stock. After driving up the price of HRR stock, Chris quickly
sold all of his stock in the company and earned a large profit. The price of the stock then fell, leaving
HRR investors with worthless stock. What type of investment scam did Chris commit?
A. Phishing
B. Pyramid scheme
C. Ponzi scheme
D. Pump and dump
Pump and Dump
300
What action would you recommend a hotel restaurant's manager take when the following situation occurred?The manager phoned a restaurant supply house to order new table linens and was told that she would also need to buy a case of wine and two dozen wine glasses to get the table linens. The manager did not want the wine or the glasses.
A.Visit the restaurant supply house to verify the quality of the wine and the glasses
B. Buy the linens and the add ons from the restaurant supply house
C. Report the restaurant supply house for fraud
D. Report the restaurant supply house for antitrust violations
**DOUBLE POINTS**
D. Report the restaurant supply house for antitrust violations
400
the periods of expansion and contraction in economic conditions
business cycle
400
The positive feeling a customer gets when the product purchased meets or exceeds the customer's expectations
Customer Satisfaction
400
Which of the following is an example of a change in the relative price ratio when the original price of red
apples is $0.60 per pound and the original price of green apples is $0.80 per pound:
A. Red apples @ $0.30 per pound; green apples @ $0.40 per pound
B. Red apples @ $0.90 per pound; green apples @ $0.80 per pound
C. Red apples @ $0.45 per pound; green apples @ $0.60 per pound
D. Red apples @ $1.20 per pound; green apples @ $1.60 per pound
**DOUBLE POINTS**
B. Red apples @ $0.90 per pound; green apples @ $0.80 per pound
400
A researcher should consider an author's expertise in a particular topic when assessing the validity of written articles and publications to ___________.
A. evaluate the author's level of credibility.
B. verify the timeliness of the information.
C. analyze the author's emotional intelligence.
D. confirm personal understanding of the information.
A. evaluate the author's level of credibility.
500
bonds issued by corporations to fund operating expenses
Corporate Bonds
500
Handles activities involved in getting products from producers to customers
Channel Management
500
An economy with a high unemployment level tends to have
A. rapid GDP growth.
B. a high supply of money.
C. fewer monetary policies.
D. a lower rate of inflation.
D. a lower rate of inflation.
500
In oral presentations, closing method used specifically for getting the audience to do something is
A. making an appeal for action.
B. using quotation.
C. using humor.
D. making comparison.
A. making an appeal for action.