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Potato Chips
Chocolate Chip Cookies
BOB
Butterfingers
DJ
100
Emma is reviewing the sales budget in relation to the actual sales generated for a set time frame. How is Emma using financial information in this situation? NCCTE.9_12.ME.MA52.2.02 RBT: A. To analyze the impact of aging accounts B. To establish new quality standards and benchmarks C. To identify external economic trends D. To compare estimated performance with actual performance
What is D To compare estimated performance with actual performance
100
A manager is most likely to use financial information when: NCCTE.9_12.ME.MA52.2.02 RBT: A. determining resources available to fund a new project. B. researching the demographics of a new target market. C. calculating the number of on-the-job injuries in the past year. D. establishing lines of authority within an organization.
What is A. determining resources available to fund a new project.
100
While reviewing financial information, Troy noted that the company earned $245,956 in January, $248,122 in February, and $252,878 in March. Which of the following most likely summarizes the company’s financial situation? NCCTE.9_12.ME.MA52.2.02 RBT: A. Capital assets are depreciating at a slower rate. B. Cash flow continues to be tight. C. Accounts receivable exceed accounts payable. D. Sales are steadily increasing.
What is D. Sales are steadily increasing.
100
The price of raw materials used in manufacturing a product was double what had been projected for the year. Which of the following could the business determine by analyzing its financial information? NCCTE.9_12.ME.MA52.2.02 RBT: A. Supply and demand B. Equipment costs C. Variances D. Errors in forecasting
What is C. Variances
100
Which of the following is a way that businesses can use financial information? NCCTE.9_12.ME.MA52.2.02 RBT: A. To identify trends B. To select selling strategies C. To conduct focus groups D. To create an economic system
What is A. To identify trends
200
During its 20 years of operation, the Normandy Company has made very few changes to its accounting methods and system. As a result, the company's financial information is likely to be very NCCTE.9_12.ME.MA52.2.02 RBT: A. comparable. B. consistent. C. reliable. D. conservative.
What is B. Consistent
200
The government decides to pass a new law requiring certain standards of air cleanliness be met. They will levy a tax on production of automobiles that produce gas emissions above a certain limit. However, they provide tax incentives to automobile manufacturers for research and development of new cars with lower gas emissions. This is an example of: NCCTE.9_12.ME.MA52.2.04 RBT: A. direct controls. B. transfer payments. C. hidden costs. D. rent seeking.
What is A. direct controls
200
Which of the following is a characteristic of taxes? NCCTE.9_12.ME.MA52.2.04 RBT: A. Restricted to businesses B. Levied by governments C. Encouraged by consumers D. Applied only to tangibles
What is B. Levied by governments
200
In the United States, public schools are usually funded by NCCTE.9_12.ME.MA52.2.04 RBT: A. corporate taxes. B. tariffs on imported goods. C. local property taxes. D. tax-exempt donations.
What is C. local property taxes.
200
10. During economic fluctuations, taxes serves the purpose of _____________ the economy. NCCTE.9_12.ME.MA52.2.04 RBT: A. destroying B. reducing C. expanding D. stabilizing
What is D. stabilizing
300
Gary believes that the upper class should pay a higher income tax rate than the middle and lower classes. What tax structure does Gary favor? NCCTE.9_12.ME.MA52.2.04 RBT: A. Proportional B. Regressive C. Progressive D. Exclusive
What is C. Progressive
300
One of the functions of certain types of taxes is to NCCTE.9_12.ME.MA52.2.04 RBT: A. decrease employee liability. B. limit business profit. C. control employee compensation. One of the functions of certain types of taxes is to NCCTE.9_12.ME.MA52.2.04 RBT: A. decrease employee liability. B. limit business profit. C. control employee compensation. D. regulate business activity.
What is D. regulate business activity.
300
When positioning a corporate brand, what is a marketer trying to determine by comparing the company's own product attributes with those of the competition? NCCTE.9_12.ME.MA52.3.11 RBT: A. Points of difference B. Causes of risk C. Areas of concern D. Frames of reference
What is A. Points of difference
300
Which of the following is a primary factor that a business considers when positioning its corporate brand? NCCTE.9_12.ME.MA52.3.11 RBT: A. Form utility B. Employees' expectations C. Target market D. Promotional budget
What is C. Target market
300
Target markets are important factors to consider when businesses are NCCTE.9_12.ME.MA52.3.11 RBT: A. analyzing personnel reports. B. establishing their accounting systems. C. distributing budget information. D. positioning their corporate brands.
What is D. positioning their corporate brands.
400
Which of the following is an example of a purchase experience touchpoint? NCCTE.9_12.ME.MA52.3.11 RBT: A. Customer satisfaction surveys B. Loyalty programs C. Direct sales D. Warranty programs
What is C. Direct sales
400
What often happens to an economy during a mildly inflationary period? NCCTE.9_12.ME.MA52.6.03 RBT: A. Increased growth B. Decreased prosperity C. Decreased profits D. Increased unemployment
What is A. Increased growth
400
Why does the Federal Reserve System raise interest rates? NCCTE.9_12.ME.MA52.6.03 RBT: A. To fight inflation B. To increase demands for products C. To decrease supply of products D. To overcome inequalities of income distribution
What is A. To fight inflation
400
Fluctuations in interest rates often have an impact on the use of: NCCTE.9_12.ME.MA52.6.03 RBT: A. tax incentives. B. credit. C. discounts. D. rebates.
What is B. credit
400
Why should a businessperson understand business cycles? NCCTE.9_12.ME.MA52.6.03 RBT: A. To prevent the cycles from happening B. To make plans that will help to level out cycles C. To determine the cause of each cycle D. To predict the exact beginning of cycles
What is B. To make plans that will help to level out cycles
500
When inflation levels are low, businesses often consider: NCCTE.9_12.ME.MA52.6.03 RBT: A. increasing interest rates. B. reducing their personnel. C. decreasing outputs. D. expanding their operations
What is D. expanding their operations
500
What is one reason why the overall unemployment rate understates the actual employment situation? NCCTE.9_12.ME.MA52.6.03 RBT: A. Underemployed people are listed. B. The rate is not seasonally adjusted. C. Discouraged workers are not included. D. The rate reflects regional differences.
What is C. Discouraged workers are not included.
500
A person who quits one job and spends a short amount of time out of work while looking for a new position is an example of _____________________ unemployment. NCCTE.9_12.ME.MA52.6.03 RBT: A. seasonal B. structural C. cyclical D. frictional
What is D. frictional
500
If transfer payments were counted in calculating gross domestic product, the GDP would: NCCTE.9_12.ME.MA52.6.03 RBT: A. appear to be greater than it actually is. B. appear to be less than it actually is. C. not include government spending. D. not be affected.
What is A. appear to be greater than it actually is.