Basic Concept
What is income?
Refers to the amount of money you earn from working.
What is the primary purpose of a budget?
A) To track expenses
B) To save for retirement
C)To increase credit score
D) To avoid taxes
A) To track expenses
What is a brand?
A) A type of product
B) A symbol or name that identifies a company or product
C) A pricing strategy
D) A distribution channel
B) A symbol or name that identifies a company or product
What is "entrepreneurship"?
A) The act of managing a business without risk
B) The process of starting and running a new business
C) A government regulation for businesses
D) A method of investing in stocks
B) The process of starting and running a new business
What is the value of pi?
3.14
What is debt?
The total amount of money you owe to others.
Which financial product allows you to buy something now and pay for it later?
A)Cash
B) Credit Card
C) Saving account
D) Certificate of deposit
B) Credit Card
Which of the following is an example of a promotional strategy?
A) Pricing
B) Product design
C) Advertising
D) Distribution
C) Advertising
What does "HR" stand for in a business environment?
A) High Revenue
B) Helpful Relationships
C) Human Resources
D) High Returns
C) Human Resources
What happened in 1776 in America?
The Declaration of Independence was signed in that year
What are fixed expenses?
This is a budget category that includes rent, groceries, and other regular expenses.
Which of the following best describes a credit score?
A) A measure of how much money you have in the bank
B) A score that reflects your creditworthiness
C) A fee charged for borrowing money
D) A list of your bank transactions
B) A score that reflects your creditworthiness
Which of the following is an example of digital marketing?
A) Billboards
B) Television commercials
C) Social media advertising
D) Print newspapers
C) Social media advertising
What is "cash flow" in a business context?
A) The total revenue generated by a company
B) The movement of money in and out of a business
C) The profits made after expenses
D) The amount of money invested in assets
B) The movement of money in and out of a business
What is a covalent bond? (chemistry)
This type of bond involves the sharing of electron pairs between atoms.
What is cash flow?
This term describes the difference between what you earn and what you spend over a certain period of time.
What type of investment typically has the highest potential return?
A) Savings account
B) Government bonds
C) Real estate
D) Stocks
D) Stocks
Which type of advertising focuses on the emotions and feelings of the consumer rather than just the product features?
A) Informative advertising
B) Persuasive advertising
C) Comparative advertising
D) Direct advertising
B) Persuasive advertising
What is a "competitive advantage"?
A) The ability to produce at a lower cost than competitors
B) A marketing strategy that focuses on price
C) A temporary increase in sales
D) A unique feature that all companies share
A) The ability to produce at a lower cost than competitors
What happens to the Eiffel Tower during the summer?
Grows 15 cm taller, the iron expands in the heat and causes it to grow slightly taller.
What is income statement?
This financial statement summarizes a company's revenues, expenses, and profits over a specific time period.
Which of the following is considered a fixed expense?
A) Grocery bills
B) Entertainment costs
C) Rent or mortgage payments
D) Dining out
C) Rent or mortgage payments
What does the acronym "CRM" stand for in marketing?
A) Creative Revenue Model
B) Cost Reduction Marketing
C) Competitive Research Metrics
D) Customer Relationship Management
D) Customer Relationship Management
What is "market segmentation"?
A) Dividing a market into distinct groups of buyers
B) Analyzing competitor sales
C) Setting a fixed price for products
D) Creating a single advertising campaign
A) Dividing a market into distinct groups of buyers
Which planet has a day that is longer than its year?
Venus, 243 Earth days to rotate on its axis while orbiting the sun about 225 Earth days.