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100

Which is NOT a function of Money?

Medium of Exchange

Unit of Measure

Replaceability

Store value

Replaceability

100

Which of the following pays the amount of an insurance policy upon a death of the insured?

Death Insurance

Health Insurance

Workers Insurance

Life Insurance

Life Insurance

100

This type of marketing breaks the market into smaller groups based on different variables.

Mass Marketing

Target Market

Market Segmentation


Market Segmentation

100

What is amount it costs you for a loan, including interest and feeds?

Amortization

Variable Rate

Finance Charge

APR

Finance Charge

100

What part of marketing is needed to obtain the funds needed to operate the business?

Distribution

Promotion

Finance

Selling

Finance

200

Typical E- Banking services allow customers to do all of the following except:

Obtain Cash

Print New Checks

Transfer funds from savings to checking

Pay bills online.

Print New Checks

200

The process of hiring, training, and developing employees.

Orientation Management

Performance appraisal

Supervising

Human Resource management

Human Resource management

200

If you went to purchase a shirt but can't find your size, what marketing mix has failed?

Product

Price

Promotion

Place

Product

200

Revenue - expenses = 

Assets

Owners Equity

Liabilities

Net Income

Net Income

200

What is a group of people that may buy a product called?

Market

target market

market segmentation

consumer

Market

300

You use this card for ATM transactions.

Credit

Smart

Stored Card

Debit

Debit

300

What is the amount a policyholder must pay for insurance coverage?

Claim

Premium

Deductible

Ransom

Premium

300

This type of marketing targets large groups of people who might buy a product.

Mass Marketing

Target Market

Market Segmentation

Mass Marketing

300

Which of the following is NOT a reason to be denied credit?

High debt to income ratio

low income

poor credit history

religion

religion

300

Which of the following requires businesses and financial institutions to disclose precise credit terms and costs?

Equal Credit Opportunity Act

Fair Credit Billing Act

Truth in Lending Act

Usury Law

Truth in Lending Act

400

Take home pay is:

The amount of a paycheck before taxes and other payroll 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.

400

A store claims it is out of an advertised item and tries to get you to buy a more expensive item. What is it doing?

Boycotting

Product Testing

Recycling 

Bait & Switch

Bait & Switch

400

Which function of marketing involves moving goods from one place to the end user?

Distribution

Marketing Information management

Promotion

Financing

Distribution

400

Target market is which of the following?

a group which has nothing in common or focus.

a broad group for which a products features are not meaningful.

a small group which marketers use to test marketing efforts.

a specific group that products and services are intended to use.

a specific group that products and services are intended to use.

400

Which loan is backed by collateral?

Any loan

Secured Loans

Unsecured Loans

Installment Loans

Secured Loans

500

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 Sale Retailers

Retailers

500

Market segmentation that refers to the market potential customers by their personal statistics

Psychographic

Geographic

Behavioral

Demographic

Demographic

500

The dynamic activities that identify, anticipate, and satisfy customer demand while making a profit is called:

Marketing Strategy

Marketing

Marketing Plan

Marketing Mix

Marketing

500

which is NOT part of the marketing mix?

Product 

Processing

Price

Promotion

Processing

500

Which of the following is a variable expense?

Rent

Car Loan

Insurance Premium

Utility Bill

Utility Bill