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Study Questions 1
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Study Questions 3
Study Questions 4
Study Questions 5
100
___________ is when a company promotes its products and services to potential customers.
What is Marketing, Advertising, Public Relations
100
_________ costs are costs that change depending on the amount of the product or service you are providing.
What is Variable
100
A ___________is your own individual vision for what you want your life to be like.
What is personal vision
100
What two things does a loan payment go toward?
What is Principal and interest
100
________is the value of the company's assets after all creditors are paid except for those with ownership interest in the company.
What is Equity
200
_________ is when the company sells a product or service to an individual consumer or to another company.
What is Sales
200
What are at least three common examples of fixed costs?
What is Renting a space, Utilities, Equipment, Interest, Salaried labor, Promotion costs
200
__________is ranking things in order of importance.
What is Prioritizing
200
How can a good credit score help you?
What is It can help you borrow money at lower interest rates.
200
Which financial statement shows money moving in and out of the company during a period of time?
What is Cash flow statement
300
What are B2C and B2B sales?
What is business-to-consumer, business-to-business
300
_________ pricing is when a product is priced based on a unit of measurement, such as weight or volume.
What is Unit
300
What is the difference between a short-term goal, an intermediate goal, and a longterm goal?
What is Short-term goals are goals that you want to achieve within the next 2 years.,,, Intermediate goals are goals that you want to achieve in the next 2-5 years.,,, Long-term goals are goals that you want to achieve 5 years or more from now.
300
If you get a department store or gas card, what should you check to make sure it will help your credit score?
What is Make sure it is being reported to credit bureaus.
300
What are accounts payable and accounts receivable?
What is Accounts receivable are amounts of money that are owed to the company by customers.,,Accounts payable are amounts of money owed to other companies for products or services.
400
What are the three principles of selling?
What is Be genuine, Know your product, Know your customer
400
________ advertising is when a company advertises a product at a low price and then tries to switch the consumer over to a product that will be more profitable for the company.
What is Bait-and-switch
400
A good investment should do one or both of what two things?
What is Grow in Value, Produce an Income
400
List two ways you can use credit wisely.
What is Pay all bills on time, Don't create more credit card debt than you can pay off in a month, Pay off credit card balances in full each month, Don't just make the minimum payment, Don't use more than 30% of your total available credit at a time. Less than 10% is best.
400
What is the accounting equation?
What is Assets equals Liabilities plus Owner Equity (A=L+OE)
500
What are the four stages a customer goes through when buying a product?
What is Attention, Interest, Desire, Action
500
List five external factors that can affect your selling price.
What is Target market, Competitors' prices, Supply and Demand, Economy, Government regulations
500
What is the difference between a debt investment and an equity investment?
What is Equity investments are investments in the ownership of something.,,,Debt investments are investments without ownership that promise a specific return on the investment.
500
Insurance is one way to manage risk. List three other ways.
What is Internal policies, Quality control, Legal assistance
500
List two financial ratios that help show a company's profitability.
What is Return on equity (ROE) and return on assets (ROA)