I'll Take All The Credit
A "good" score on a credit report is around...
A. 500
B. 400
C. 600
D. 700
D. 700
Which of these investment strategies is a long-term technique?
A. Buy and hold
B. Selling short
C. Buying on margin
D. All of the above
A. Buy and hold
No business can produce goods and services without...
A. Resources.
B. Values and goals.
C. Dreams, goals and a future.
D. Marketing Research.
A. Resources
A customer's concern for product durability can best be described as a(n)...
A. rational buying motive
B. emotional buying motive
C. patronage buying motive
D. personal buying motive
A. rational buying motive
The government agency in the United States that collects taxes.
What is the Internal Revenue Service (IRS)?
The need for credit arose in the United States with the dawn of the...
A. Industrial Revolution
B. American Revolution
C. Information Age
D. Great Depression
A. Industrial Revolution
Which of the following would be considered the lowest risk investment?
A. A corporate bond
B. An annuity
C. Real estate
D. A stock
A. A corporate bond
Which of the following is a disadvantage of a sole proprietorship?
A. High tax rate
B. Limited life
C. Legal constraints
D. Difficult to start
B. Limited life
A tax added to the price of goods and services at the time of purchase.
A. Excise tax
B. Tax base
C. Direct tax
D. General sales tax
D. General sales tax
Individuals are protected from discrimination in the workplace by the...
A. Better Business Bureau
B. Occupational Safety and Health Administration
C. Social Security Administration
D. Equal Employment Opportunity Commission
D. Equal Employment Opportunity Commission
The law that gives you the right to know what is in your credit file.
A. Fair Credit Billing Act
B. Equal Credit Opportunity Act
C. Fair Credit Reporting Act
D. Truth-in-Lending Law
C. Fair Credit Reporting Act
What strategy lowers the selling price of a stock and encourages more stock purchasing?
A. Stock split
B. Dividend reinvestment
C. Dollar-cost averaging
D. P/E analysis
A. Stock split
Which of the following types of business enterprise is classified as an extractor?
A. An insurance company
B. An automobile manufacturer
C. A discount retail store chain
D. A logging company
D. A logging company
A legal "right" which prevents anyone from producing a company's unique product.
What is a patent?
The organization which insures bank accounts up to $100,000 is the...
A. FICA
B. FDIC
C. ABA
D. FICUA
B. FDIC
Which of the following is not a type of student loan?
A. Federal Stafford loans
B. Pell grants
C. Federal Perkins loans
D. Salliemae
B. Pell grants
A daily newspaper that provides detailed coverage of the business and financial world:
A. Barron's
B. The Wall Street Journal
C. The Economist
D. Kiplinger's Personal Finance
B. The Wall Street Journal
Which form of business ownership employs the greatest number of people in this country?
A. Cooperatives
B. Sole proprietorships
C. Corporations
D. Partnerships
C. Corporations
When a popular consumer product is offered for sale at or below cost to attract customers into the store, it is known as a...
A. Loss leader
B. Product premium
C. Clearance item
D. False leader
A. Loss leader
People pay for the cost of government-provided goods and services through...
A. Volunteer payments to government agencies
B. The prices of the goods they buy
C. Taxes paid to local, state, and federal government
D. Transfer payments
C. Taxes paid to local, state and federal government
The first loan you take out from your bank or credit union should be no longer than...
A. Six months
B. One year
C. Two years
D. Five years
A. Six months
What represents the cost of dividends as a percentage of the current price?
A. Par value
B. Yield
C. P/E Ratio
D. Net change
B. Yield
Because downsizing and the global market have placed greater demands on workers, many companies spend money on:
A. Severance pay
B. Employee training
C. Natural resources
D. Pension plans
B. Employee training
The three levels of consumer problem solving are...
A. Routine, limited, and recognition
B. Routine, recognition, and extensive
C. Routine, limited, and extensive
D. Routine, identification, and recognition
C. Routine, limited, and extensive
Into how many Federal Reserve districts is the United States divided?
A. 14
B. 10
C. 16
D. 12
D. 12