1
Which of the following is a variable expense:
- rent
- groceries
- Mortgage payment
- Insurance premium
groceries
What function of marketing involves moving goods from one place to the end user:
- Distribution
- Marketing Information Management
- Financing
- Promotion
Distribution
How many people can be in a partnership?
- 2
- 2-10
- 2-20
- unlimited
Unlimited
One of the first things a creditor considers before lending you money is:
- APR Rate
- Your capacity to pay
- Your race, religion, and gender
- Your lifestyle
Your capacity to pay.
This is NOT a reason to be denied credit:
-Gender
- High Debit Ratio
- Low Income
- Poor Credit History
Gender
Which of the following refers to an agreement to get money, goods, or services now in exchange for a promise to pay in the future?
- Creditor
- Credit
- Interest
- Debtor
Credit
Total Revenue - Total Expense =
Assets
Owner's Equity
Liabilities
Net Income
Net Income
You use this card for ATM transactions.
- Debit
- Credit
- Smart
- Stored Data
Debit
Choose the best sentence that represents the relationship between market segmentation and mass marketing.
- Segmentation breaks the market into smaller groups based on different variables, while mass marketing targets a large group of people who might buy the product.
- Mass marketing breaks the market into smaller groups based on different variables, while segmentation targets a large group of people who might buy it.
- None are true
- Both are true
Segmentation breaks the market into smaller groups based on different variables, while mass marketing targets a large group of people who might buy the product.
Which of the following pays the amount of an insurance policy upon the death of the insured?
- Disability Insurance
- Life Insurance
- Health Insurance
- Workers
Life Insurance
Which best describes the law of demand?
As price goes down, demand goes down.
As price goes down, demand goes up.
As demand goes down, supply goes up.
As demand goes up, price becomes elastic.
As price goes down, demand goes up.
Take home pay is:
- The amount of a paycheck before takes and other deductions.
- The money you have available to spend because of working plus any other income.
- The amount you will receive when you cash your check.
- Cash inflows minus cash outflows.
The amount you will receive when you cash your check.
Which of the following refers to how much a job pays and the benefits offered?
Minimum Wage
Wage
Compensation
Supervision
Compensation
In simple terms, _____ are what a company owns.
- Profits
- Assets
- Owner's Equity
- Revenues
Assets
Which loan is backed by collateral?
- Any bank loan
- Unsecured loans
- Secured Loans
-Principal loans
Secured Loans
An evaluation of how well an employee is doing is known as:
- Compensation
- Performance Appraisal
- Interview Process
- Recruitment Process
Performance Appraisal
The total amount it costs you for a loan, including interest and fees:
- Amortization
- Variable Fee
- Finance Charge
- APR
Finance Charge
The business cycle describes the fact that:
- unemployment levels are constantly changing
- An economy's level of output fluctuates between times of recession and expansion.
- Inflation rates are constantly changing.
- Politicians usually pass laws the cause the economy to react in unpredictable ways.
An economy's level of output fluctuates between times of recession and expansion.
Your Net worth is:
- Total value of your personal assets.
- Difference between your assets and your liabilities.
- Total amount of all your investments.
- What you have left over in your paycheck each week.
Difference between your assets and your liabilities.
The amount a policyholder must pay for insurance coverage is a:
- Claim
- Premium
- Deductible
- Ransom
Premium
The major policy and financial decision makers of a corporation are determined by:
-CEO
- Shareholders
- Chairman of the board
- Board of Directors
Board of Directors
A business that buys products from wholesalers or directly from producers and sells them to consumers to make a profit is called:
- Retailers
- Wholesalers
- Manufacturers
- Direct Sales Retailers
Retailers
Which is not a part of the marketing mix?
- Product
- Price
- Promotion
- Processing
Processing
The process of finding, selecting, training, and evaluating employees is known as:
- Human Resource Management
- Supervising
- Performance Appraisal
- Orientation Management
Human Resource Management
The dynamic activities that identify, anticipate, and satisfy customer demand while making a profit is:
- Marketing Strategy
- Marketing
- Marketing Plan
- Marketing Mix
Marketing