Financial Analysis 1
What is the difference between debit cards and credit cards?
a. Debit cards use owned funds while credit cards use borrowed funds.
b. Debit cards have limits while credit cards do not.
c. Debit cards are issued by banks and credit cards are issued by credit card companies.
d. Debit cards use borrowed funds while credit cards use owned funds.
Debit cards use owned funds while credit cards use borrowed funds
What must be present on all checks and withdrawal slips in order for a bank to grant you money on these items?
a. Signature
b. Social Security Number
c. Address
d. Phone number
Signature
Who pays State Unemployment Tax?
a. The Employer and Employee
b. The Employer
c. Neither the Employer or Employee
d. The Employee
The Employer
An Income Statement is useful in doing which of the following?
a. Evaluating past performance
b. Omitting unmeasurable items
c. Earnings management
d. Changing accounting methods
Evaluating past performance
The term emigration is defined as which of the following?
a. A U.S. citizen traveling to a foreign country.
b. A U.S. citizen moving to a foreign country
c. A person traveling within country borders.
d. A foreign individual permanently moving to the U.S.
A U.S. citizen moving to a foreign country
It takes more money now than it did five years ago to buy a gallon of milk. Which concept does this demonstrate?
a. Interest
b. Inflation
c. Financial Exchange
d. Equity
Inflation
Most bill payments are incurred on a ______ basis.
a. Yearly
b. Bi-monthly
c. Monthly
d. Weekly
Monthly
Where is Coach Stutts from?
a) San Francisco
b) New York
c) Mount Pleasant
d) Johns Island
Johns Island
Insurance is an example of risk:
a. Avoidance
b. Financing
c. Control
d. Transfer
Transfer
Personal social media posts, comments, and shares from an employee:
a. Are a fun way to let friends know the importance of one's job.
b. Never impact the company they work for.
c. May affect the company they work for, either positively or negatively.
d. Must be edited and monitored by the individual's boss.
May affect the company they work for, either positively or negatively.
Government bonds are a:
a. Liquid currency
b. Mature currency
c. Debt instrument
d. Capital fund
Debt Instrument
All of the following are examples of account management services, except:
a. Online Bill Payment
b. Automated Teller Machines
c. Phone Banking
d. Online Mobile Banking
Automated Teller Machines
Major credit report agencies note that a credit score of _______ or above is generally considered good.
a. 700
b. 545
c. 650
d. 600
700
What can be defined as the language of business?
a. Management
b. Finance
c. Accounting
d. Investments
Accounting
What should an employee do when dealing with an intimidating customer?
a. Be polite and quickly refer them to your manager.
b. Be just as intimidating.
c. Stand firm and ask for the help of a coworker if necessary.
d. Let the customer control the situation.
Stand firm and ask for the help of a coworker if necessary.
Alice works 8 hours a day, five days a week at a big corporation. She clocks in and out every day at work, and she is paid based on the number of hours she works. What type of income does Alice receive?
a. Interest
b. Salary
c. Wages
d. Dividends
Wages
Which of the following increases an individual's tax liability?
a. Giving donations
b. Mortgage on a house
c. Investing in a 401(k)
d. Raise in pay
Raise in pay
Which of the following is the basic accounting equation?
a. Liabilities - Assets = Equity
b. Equity = Liabilities + Assets
c. Equity + Assets = Liabilities
d. Assets = Liabilities + Equity
Assets = Liabilities + Equity
External financial reports help current and potential shareholders make investment decisions. This type of accounting is associated with:
a. Corporate Accounting
b. Financial Accounting
c. Tax Accounting
d. Managerial Accounting
Financial Accounting
In this type of culture, the rules of communication are primarily communicated through body language, tone of voice, and a person's status.
a. Imperialist
b. Low-context
c. High-context
d. Ethnocentric
Ethnocentric
Ethan invests money into a savings account with an annual interest of 2%. This way, he earns interest on money in the account. This demonstrates what concept?
a. Law of Diminishing Returns
b. Opportunity Cost
c. Time Value of Money
d. Medium of Exchange
Time Value of Money
The unique number used for identification purposes, when applying for a loan, is known as what?
a. Social Security Number
b. Financing Number
c. Loan Number
d. Credit Number
Social Security Number
The _________ shows the business’ financials for a moment in time, while the _________ shows the business’ financials over a period of time.
a. Statement of Cash Flows; Income Statement
b. Balance Sheet; Income Statement
c. Income Statement; Balance Sheet
d. Balance Sheet; Statement of Cash Flows
Balance Sheet; Income Statement
Which of the following has the most stable capital structure?
a. A company that issues common stock
b. A company that issues bonds, common stock, and preferred stock
c. A company that issues bonds
d. A company that issues both common and preferred stock
A company that issues bonds, common stock, and preferred stock
What tool, often used in the strategic planning process for a business, may be used to assess personal strengths and weaknesses?
a. PEST Analysis
b. SWOT Analysis
c. Growth-Share Matrix
d. BCG Matrix
SWOT Analysis