Finance
This profession specializes in providing financial services such as raising funds, but also provides financial advice to various individuals/entities, and is a popular profession on Wall Street.
Investment Banking
What is elasticity?
A measure of how sensitive one economic change is to another
Accounting is often referred to as:
The Language of Business
The combination of products a firm sells is known as
A sales mix
What is Six Sigma?
A set of tools and techniques used to improve business processes by reducing any defects, errors, etc.
S&P (as in S&P 500) standed for what originally?
Standard and Poor's
The day when the Dow Jones Industrial average dropped, resulting in the start of the Great Depression was known as what day (Hint: Two Words)
Black Tuesday
The amount of money that is left over after Fixed Costs have been paid is known as
Contribution Margin
The commercial value of some product or service that comes from consumer perception of a brand is known as
Brand Equity
Stock that has been reserved, but not withdrawn or issued is known as
Allocated Stock
Stocks that went viral in 2021 and resulted in high prices and an abnormal trading volume were known as
Meme Stocks
What makes GNP different from GDP?
GNP measures goods and services produced by a country including abroad. GDP measures goods and services produced within a country's borders
A form of accounting that focuses on a company's cost of production by looking at fixed and variable expenses
Cost Accounting
Prior to becoming an online retail website, what did Amazon originally sell?
Books
Which US State has "the World's Largest Truckstop", aka "Trucker's Disneyland"?
A valuation method that estimates the value of an investment by using its expected cash flows is
Discounted Cash Flow (DCF)
In the early 20th century, 1/3 of the US Government's revenue came from taxes on liquor until an amendment that allowed a tax on what?
Income
What is the difference between A journal and a ledger?
A journal records all transactions by debits and credits. A ledger shows transactions by the type of account it belongs to.
What are the four primary stages of the product life cycle?
Introduction, Growth, Maturity, and Decline
After 9/11 The Department of Homeland Security introduced the Known ... Program to prevent cargo from being sent anonymously on freight or passenger aircraft
Shipper
What is the following equation called and what is it mean? 72/r
The rule of 72. Used as an estimate of how long it will take to double an investment
What are some traits that define perfect competition?
When companies sell identical products, market shares do not influence price companies can enter and leave without barriers, etc.
Luca Pacioli was known as the "Father of Accounting", with him being most known for what system of accounting?
Double Entry
The first billboard was created to advertise what?
A circus
It is known in other countries as a "transport", "articulated lorry", and "single". Which type of vehicle with a specific number is this known as in the United States?
18 (wheeler)