Random 1
Which is NOT a function of Money?
Medium of Exchange
Unit of Measure
Replaceability
Store value
Replaceability
Which of the following pays the amount of an insurance policy upon a death of the insured?
Death Insurance
Health Insurance
Workers Insurance
Life Insurance
Life Insurance
This type of marketing breaks the market into smaller groups based on different variables.
Mass Marketing
Target Market
Market Segmentation
Market Segmentation
What is amount it costs you for a loan, including interest and feeds?
Amortization
Variable Rate
Finance Charge
APR
Finance Charge
What part of marketing is needed to obtain the funds needed to operate the business?
Distribution
Promotion
Finance
Selling
Finance
Typical E- Banking services allow customers to do all of the following except:
Obtain Cash
Print New Checks
Transfer funds from savings to checking
Pay bills online.
Print New Checks
The process of hiring, training, and developing employees.
Orientation Management
Performance appraisal
Supervising
Human Resource management
Human Resource management
If you went to purchase a shirt but can't find your size, what marketing mix has failed?
Product
Price
Promotion
Place
Product
Revenue - expenses =
Assets
Owners Equity
Liabilities
Net Income
Net Income
What is a group of people that may buy a product called?
Market
target market
market segmentation
consumer
Market
You use this card for ATM transactions.
Credit
Smart
Stored Card
Debit
Debit
What is the amount a policyholder must pay for insurance coverage?
Claim
Premium
Deductible
Ransom
Premium
This type of marketing targets large groups of people who might buy a product.
Mass Marketing
Target Market
Market Segmentation
Mass Marketing
Which of the following is NOT a reason to be denied credit?
High debt to income ratio
low income
poor credit history
religion
religion
Which of the following requires businesses and financial institutions to disclose precise credit terms and costs?
Equal Credit Opportunity Act
Fair Credit Billing Act
Truth in Lending Act
Usury Law
Truth in Lending Act
Take home pay is:
The amount of a paycheck before taxes and other payroll 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.
A store claims it is out of an advertised item and tries to get you to buy a more expensive item. What is it doing?
Boycotting
Product Testing
Recycling
Bait & Switch
Bait & Switch
Which function of marketing involves moving goods from one place to the end user?
Distribution
Marketing Information management
Promotion
Financing
Distribution
Target market is which of the following?
a group which has nothing in common or focus.
a broad group for which a products features are not meaningful.
a small group which marketers use to test marketing efforts.
a specific group that products and services are intended to use.
a specific group that products and services are intended to use.
Which loan is backed by collateral?
Any loan
Secured Loans
Unsecured Loans
Installment Loans
Secured Loans
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 Sale Retailers
Retailers
Market segmentation that refers to the market potential customers by their personal statistics
Psychographic
Geographic
Behavioral
Demographic
Demographic
The dynamic activities that identify, anticipate, and satisfy customer demand while making a profit is called:
Marketing Strategy
Marketing
Marketing Plan
Marketing Mix
Marketing
which is NOT part of the marketing mix?
Product
Processing
Price
Promotion
Processing
Which of the following is a variable expense?
Rent
Car Loan
Insurance Premium
Utility Bill
Utility Bill