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2
3
4
5
100

Which of the following is a variable expense:

- rent

- groceries

- Mortgage payment

- Insurance premium

groceries

100

What function of marketing involves moving goods from one place to the end user:

- Distribution

- Marketing Information Management

- Financing

- Promotion

Distribution

100

How many people can be in a partnership?

- 2

- 2-10

- 2-20

- unlimited

Unlimited

100

One of the first things a creditor considers before lending you money is:

- APR Rate

- Your capacity to pay

- Your race, religion, and gender

- Your lifestyle

Your capacity to pay.

100

This is NOT a reason to be denied credit:

-Gender

- High Debit Ratio

- Low Income

- Poor Credit History

Gender

200

Which of the following refers to an agreement to get money, goods, or services now in exchange for a promise to pay in the future?

- Creditor

- Credit

- Interest

- Debtor

Credit

200

Total Revenue - Total Expense =

Assets

Owner's Equity

Liabilities

Net Income

Net Income

200

You use this card for ATM transactions.

- Debit

- Credit

- Smart

- Stored Data

Debit

200

Choose the best sentence that represents the relationship between market segmentation and mass marketing.

- Segmentation breaks the market into smaller groups based on different variables, while mass marketing targets a large group of people who might buy the product.

- Mass marketing breaks the market into smaller groups based on different variables, while segmentation targets a large group of people who might buy it.

- None are true

- Both are true

Segmentation breaks the market into smaller groups based on different variables, while mass marketing targets a large group of people who might buy the product.

200

Which of the following pays the amount of an insurance policy upon the death of the insured?

- Disability Insurance

- Life Insurance

- Health Insurance

- Workers

Life Insurance

300

Which best describes the law of demand?

As price goes down, demand goes down.

As price goes down, demand goes up.

As demand goes down, supply goes up.

As demand goes up, price becomes elastic.

As price goes down, demand goes up.

300

Take home pay is:

- The amount of a paycheck before takes and other deductions.

- The money you have available to spend because of working plus any other income.

- The amount you will receive when you cash your check.

- Cash inflows minus cash outflows. 

The amount you will receive when you cash your check.

300

Which of the following refers to how much a job pays and the benefits offered?

Minimum Wage

Wage

Compensation

Supervision

Compensation

300

In simple terms,  _____ are what a company owns.

- Profits

- Assets

- Owner's Equity

- Revenues

Assets

300

Which loan is backed by collateral?

- Any bank loan

- Unsecured loans

- Secured Loans

-Principal loans

Secured Loans

400

An evaluation of how well an employee is doing is known as:

- Compensation

- Performance Appraisal

- Interview Process

- Recruitment Process

Performance Appraisal

400

The total amount it costs you for a loan, including interest and fees:

- Amortization

- Variable Fee

- Finance Charge

- APR

Finance Charge

400

The business cycle describes the fact that:

- unemployment levels are constantly changing

- An economy's level of output fluctuates between times of recession and expansion.

- Inflation rates are constantly changing.

- Politicians usually pass laws the cause the economy to react in unpredictable ways. 

An economy's level of output fluctuates between times of recession and expansion.

400

Your Net worth is:

- Total value of your personal assets.

- Difference between your assets and your liabilities.

- Total amount of all your investments.

- What you have left over in your paycheck each week. 

Difference between your assets and your liabilities.

400

The amount a policyholder must pay for insurance coverage is a:

- Claim

- Premium

- Deductible

- Ransom 

Premium

500

The major policy and financial decision makers of a corporation are determined by:

-CEO

- Shareholders

- Chairman of the board

- Board of Directors

Board of Directors

500

A business that buys products from wholesalers or directly from producers and sells them to consumers to make a profit is called:

- Retailers

- Wholesalers

- Manufacturers 

- Direct Sales Retailers

Retailers

500

Which is not a part of the marketing mix?

- Product

- Price

- Promotion

- Processing

Processing

500

The process of finding, selecting, training, and evaluating employees is known as:

- Human Resource Management

- Supervising

- Performance Appraisal

- Orientation Management

Human Resource Management

500

The dynamic activities that identify, anticipate, and satisfy customer demand while making a profit is:

- Marketing Strategy

- Marketing

- Marketing Plan

- Marketing Mix

Marketing

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