Which is a reason that natural resources are considered limited?
![]() | A | People lack training or skills needed to do a job. |
![]() | B | Technology has advanced faster than training. |
![]() | C | Some countries are unable to manufacture them. |
D | The earth has certain boundaries. |
The earth has certain boundaries.
What is one of the main reasons why businesses need to keep accurate accounting records?
![]() | A | to follow procedures |
B | to control expenses | |
![]() | C | to eliminate risks |
![]() | D | to regulate taxes |
to control expenses
A foreman spends time connecting with his workers on an interpersonal level. This involves communicating in ways that motivate and inspire employees toward a higher level of productivity. This task would fall under which function of management?
A | controlling | |
B | directing | |
![]() | C | organizing |
![]() | D | planning |
Directing
José is opening a fish tank cleaning service. He has potential investors, but decides he would prefer to structure the business ownership so that he is ultimately responsible for the success or failure of the business. Which type of business ownership should José select?
![]() | A | cooperative |
![]() | B | corporation |
![]() | C | partnership |
D | sole proprietorship |
Which voice actor sang “Beauty and the Beast” from the 1991 animated film of the same name?
Angela Lansbury
The two main divisions of the trade industry are:
![]() | A | manufacturers and wholesalers. |
B | wholesalers and retailers. | |
![]() | C | producers and retailers. |
![]() | D | wholesalers and producers. |
wholesalers and retailers.
Assets a company already owns and can use to finance a new venture are called:
![]() | A | accounts payable. |
![]() | B | dividends. |
![]() | C | return on capital. |
D | equity. |
|
equity
A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is demonstrating:
![]() | A | aggressive behavior. |
![]() | B | natural talent. |
![]() | C | creativity. |
D | technical skills. |
technical skills.
Which occurs when the supply of individuals who are able and willing to work diminishes?
![]() | A | Capital goods become unlimited. |
![]() | B | Capital goods become limited. |
C | Human resources become limited. | |
![]() | D | Human resources become unlimited. |
Human resources become limited.
“Sometimes we only see how people are different from us. But if you look hard enough, you can see how much we’re all alike.”
Jasmin in Alladin
Which is an example of an economic service?
![]() | A | car stereo |
![]() | B | tennis shoes |
![]() | C | baseball glove |
D | concert ticket |
concert ticket
Businesses would not be able to determine if they are meeting their financial goals without accurate:
![]() | A | production plans. |
![]() | B | marketing plans. |
C | accounting systems. | |
![]() | D | distribution systems |
accounting systems.
A characteristic of a sole proprietorship is that the owner:
![]() | A | has access to unlimited funds. |
B | receives all the profit. | |
![]() | C | transfers all the risk. |
![]() | D | delegates all functions. |
receives all the profit.
What is one of the main reasons why businesses need to keep accurate accounting records?
![]() | A | to follow procedures |
B | to control expenses | |
![]() | C | to eliminate risks |
![]() | D | to regulate taxes |
to control expenses
In Aladdin, what is the name of Jasmine's pet tiger?
Rajah |
The government can borrow money from the private sector in order to pay the costs of regulation by:
![]() | A | setting prices. |
![]() | B | raising taxes. |
C | issuing bonds. | |
![]() | D | selling licenses. |
issuing bonds.
The role of finance in business often involves:
![]() | A | monitoring expenses. |
![]() | B | paying employees. |
![]() | C | buying supplies. |
D | obtaining funds |
obtaining funds
Which would probably result if a business reduced its marketing costs?
![]() | A | increased costs of production |
B | decreased variety of consumer goods | |
![]() | C | increased consumer awareness of goods and services |
![]() | D | decreased need for customer contact with businesses |
decreased variety of consumer goods
Businesses use the information collected through the accounting process to prepare accurate:
A | balance sheets. | |
![]() | B | purchase orders. |
![]() | C | inventory forms. |
![]() | D | promissory notes. |
balance sheets.
Name two of Christopher Robins Friends
Pooh
Piglet
Eeyore
Rabbit
Roo
Kanga
Which situations would cause prices to rise?
![]() | A | The corn crop is unusually large one summer. |
B | Insects destroy a large cotton crop. | |
![]() | C | Animal rights activists march in front of a fur store. |
![]() | D | A newspaper article describes poor service provided by a hotel. |
Insects destroy a large cotton crop.
When businesses invest funds to expand, they are involved in the process of:
![]() | A | selling. |
![]() | B | depreciation. |
C | finance. | |
![]() | D | capitalism. |
finance.
Each year, more than 500,000 people watch the Soccer World Cup sponsored by Adidas. What is being marketed by Adidas?
![]() | A | places |
B | goods | |
![]() | C | ideas |
![]() | D | services |
goods
Which is a characteristic of human resources management?
![]() | A | evaluating supervisors |
![]() | B | developing leaders |
![]() | C | scheduling the work |
D | working with people |
Name the seven dwarfs
Sneezy
Sleepy
Happy
Doc
Grumpy
Dopey
Bashful