Show:
Accounting
Economy
Current Events
Marketing
Business Ethics
100
The money that companies take in is called this.
Revenue.
100
Is the United States economy currently in a recession?
False, we are in a recovery (a very slow one) A recession is defined as two or more consecutive quarters of declining GDP.
100
Who is the current vice president of the United States?
Joe Biden.
100
Is marketing only advertising?
No. Advertising is a subset of marketing.
100
Which is better: marketing or accounting?
They both have their merits and downsides.
200
This is the fundamental accounting equation.
Assets=liabilities+equity.
200
The current stock market crash occured in what year?
2008
200
These two teams are in the Super Bowl.
The 49er's and the Ravens.
200
What are three of the four P's, commonly called the marketing mix?
Price, product, promotion, place.
200
This company was involved in an accounting scandel in which they produced misleading financial accounts.
Enron.
300
Taxes are due on what day?
Monday, April 15th.
300
The U. S. debt is up to how much? (rounded)
$16 trillion or $16.450 trillion
300
This team is the best team in the NFL.
Da Bears. Subtract 500 points if Packers is given.
300
Name one intermediary.
Broker/agent Retailer Wholesaler Distributor
300
Name two controls a company has.
IT Security. Segregation of Duties. Retention of Records. Physical safeguards (cameras, locks, etc) Authorization of Transactions. Supervision, etc.
400
This is the calculation for net income. HINT: X-X=NI
Revenues-Expenses=Net Income
400
What commodity is commonly used to hedge against inflation?
Au. (Gold)
400
This crisis was narrowly avoided last week for at least another few months.
The debt crisis.
400
Define marketing.
Marketing is the process of communitcating the value of a product or service to customers.
400
What is a code of ethics.
A code of ethics are codes adopted by an orginization to help employees determine between "right" and "wrong."
500
What is the difference between interest expense and interest payable?
Interest payable is interest that is incurred but not yet paid, while interest expense is interest that has been incurred during a period of time.
500
Name two indices of the stock market.
Nasdaq, Dow Jones Industrial Average, S and P 500, Amex, Russell Indexes
500
This mandate has small businesses worried.
Obamacare.
500
What is a cash cow?
A profitable product or service that dominates a market and generates more cash than is needed to mantain its market position.
500
This accounting firm is no longer around due to their involvement with Enron.
Arthur Anderson.