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Study Resources (Business Management)

  27.In general, the longer the term of a certificate of deposit, the  A. less safe it is. B. higher its interest rate. C. lower its value. D. lower its interest rate. E. higher its inflation rate. 28.Credit cards are  A. difficult to use. B. preapproved lines of credit granted by a bank or finance company. C. demand deposits. D. time deposits. E. money stored in a bank or other financial institution.
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  True / False Questions 1.Small businesses do not have a need for the financial information compiled by accountants.  2.Accounting is the recording, measurement, and interpretation of financial information.  3.Only businesses use accounting information to demonstrate how their funds are being used.  4.The terms accounting and bookkeeping are interchangeable because they mean almost the same.
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  28.Consumer consumption patterns have not changed very much over time.  29.Digital marketing can enhance the value of products.  Multiple Choice Questions 30.Which of the following is not a difference between digital media and traditional media?  A. Digital media make customer communications richer. B. Digital media help companies reach new target markets. C. Digital media help marketers utilize new resources. D. Digital.
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  47.Do-It-Yourself Home Repair Shop started the accounting period with $10,000 worth of shovels in inventory. During the accounting period, it purchased $5,000 worth of shovels and sold $7,500 worth. What is its cost of goods sold?  A. $15,000 B. $2,500 C. $5,000 D. $7,500 E. $10,000 48.All of the following could be expense accounts except  A. interest expense. B. retained expense. C. general and administrative expense. D. research and.
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  True / False Questions 1.Fiat money is backed by gold.  2.Money is a medium of exchange.  3.The most important characteristic of money is its acceptability for purchase of goods and services.  4.When currency is stable, it provides no incentive to save.  5.The three important functions of money are that it serves as a medium of.
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  Essay Questions 11.How have technological advances in the Internet and information technology changed the environment for business?  12.Define the terms "digital media" and "digital marketing." Describe their increasing value in strategic planning.  True / False Questions 13.The phenomenal growth of digital media has provided new ways of conducting business.  14.Internet markets are highly different from.
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  64.The type of transportation specifically noted for its flexibility in transporting products is  A. pipelines. B. airplanes. C. trucks. D. railroads. E. ships. 65.Which of the following modes of transportation is the least expensive for many products?  A. Railroad B. Trucking C. Air transport D. Shipping E. Pipelines 66.All of the following activities are associated with warehousing goods except  A. receiving. B. identifying. C. producing. D. dispatching. E. storing. Essay Questions 67.Why are wholesalers an important part of many marketing channels?  68.What are the different.
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  50.Which service allows users to "like" a company's profile and thereby interact and build a relationship with the firm?  A. Facebook B. Wikipedia C. Twitter D. Second Life E. CafeMom 51.When seeking out information on a new product, consumers tend to trust _________ over _________.  A. corporations, other consumers B. other consumers, corporations C. their neighbors, online reviews D. online reviews, printed reviews E. television infomercials, websites 52.Marketers who learn where online.
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  Essay Questions 76.What are the different nonbanking institutions available? What do they not offer that banking institutions do?  77.What is a mutual fund?  True / False Questions 78.During the financial crisis, many large banks saw their capital base grow.  79.Most experts believe that banks will continue to consolidate and get larger over time.  80.The U.S. government.
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  True / False Questions 40.Online social networks are a valuable part of marketing because they change the way consumers communicate with each other and with firms.  41.Digital media are more consumer-driven than traditional media.  42.Blogs are always positive for companies.  43.Some companies have begun to use podcasts as internal tools for teams working on.
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  Essay Questions 93.List the various types of U.S. financial institutions Dr. Hill might engage and describe the primary function of each.  94.What services of each financial institution is Hill's new company likely to need?  95.Which single financial institution is likely to be best able to meet Hill's small company's needs now? Why?      .
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  Multiple Choice Questions 67.Which of the following is not a type of pension fund?  A. Individual retirement accounts B. Corporate insurance plans for employees C. Insurance company life insurance plans D. Social Security E. Roth individual retirement accounts 68.A mutual fund allows many small investors to  A. buy stocks individually. B. invest in a diversified stock market portfolio. C. take no risk while investing in stocks. D. make loans. E. float commercial.
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  11.A forensic accountant  A. investigates crime scenes. B. works for a public corporation. C. analyzes financial documents in search of fraudulent entries or financial misconduct. D. investigates workplace accidents to determine fault. E. analyzes annual reports to ensure that corporations have adequate corporate governance mechanisms. 12.Vikram Patel is an accountant who is employed by a large department store chain in the.
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  29.Which of the following equations is equivalent to the accounting equation?  A. Equity = liabilities - assets B. Owners' equity = assets - liabilities C. Revenues - expenses = net income D. Net income = expenses - revenues + taxes E. Profit = sales - revenues 30.Double-entry bookkeeping is a system of recording and classifying business transactions  A. in separate accounts in order.
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  Multiple Choice Questions 52.The oldest and largest of all financial institutions are  A. commercial banks. B. credit unions. C. savings& loans. D. insurance companies. E. thrift institutions. 53.Commercial banks have traditionally  A. relied on checking and savings accounts for funds. B. invested heavily in mortgages. C. not been required to keep reserves. D. had only a small share of all deposits. E. offered savings accounts. 54.Which of the following limited commercial banks from.
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  60._______ is the most popular online social networking site in the world.  A. Myspace B. LinkedIn C. Friendster D. Facebook E. Twitter 61.What is a likely reason that Myspace now lags behind Facebook?  A. Its focus on art and music B. Its focus on teens and young adults C. A failure to include a "like" button D. A failure to innovate E. A failure to promote viral marketing 62.When a message gets.
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  19.Which of the following industries is not cited in your text as one that has been significantly affected by the Internet?  A. Entertainment B. Health care C. Government services D. Small-scale farming E. Software development 20.All of the following firms are examples of businesses that could not exist without digital media except  A. Best Buy. B. YouTube. C. Second Life. D. Amazon. E. Hulu. Essay Questions 21.How can digital marketing and media help.
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  Multiple Choice Questions 91.IOWatch experienced low end-user interest and drew little ___________ as a result.  A. customer reviews B. debt C. advertising income D. criticism E. scrutiny 92.After accepting a position at IOWatch, Paul realized quickly that he did not have sufficient experience in _________________.  A. computers B. interacting with customers C. working for a corporation D. software design E. marketing Essay Questions 93.What is Freeware?  94.What was IOWatch designed to do? How would it.
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  True / False Questions 55.Balance sheets show revenues, expenses, and profits.  56.Balance sheets show assets, liabilities, and expenses over a period of time.  57.A balance sheet shows the financial position of an organization at any given moment in time.  58.Liquidity is judged by how easily an asset can be turned into cash.  59.Owners' equity includes.
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  True / False Questions 1.Technology and the Internet have dramatically changed the business environment.  2.Marketers' new ability to convert all types of communications into digital media has created inefficient, expensive ways of connecting businesses and consumers and improved the flow and the usefulness of information.  3.People spend more time on e-mail than they.
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  True / False Questions 17.Funds in a demand deposit account cannot be withdrawn without a 24-hour notice.  18.A checking account is also called a demand deposit account.  19.A savings account is the same thing as a money market account.  20.Certificates of deposit are accounts with funds that usually cannot be withdrawn without advance notice.
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  11.Using commodities such as corn, livestock, or artisanal goods is not an effective means of exchange because the system lacks  A. divisibility. B. stability. C. perishability. D. durability. E. counterfeitability. 12.When a dollar bill is handled hundreds of times and is still being used, it has which of the following characteristics?  A. Portability B. Divisibility C. Durability D. Stability E. Difficult to counterfeit 13.In some countries with very high inflation rates, citizens.
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  True / False Questions 70.The surest way to ensure that you do not fall prey to scams or identity theft online is never to divulge important personal information online.  71.Intellectual property is technically protected by laws and regulations, but companies still suffer billions of dollars in losses related to intellectual property theft.
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  True / False Questions 19.In accounting, a ledger is a time-ordered list of accounting transactions.  20.Assets are a firm's economic resources.  21.The accounting cycle is a system of analyzing and interpreting business transactions in separate accounts in order to maintain the balance of the accounting equation.  22.All business transactions can be classified as assets,.
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  Multiple Choice Questions 91.What is the product Dr. Hill has developed?  A. A highly scratch-resistant and light-weight lens B. A high-tech toothbrush C. A vacuum cleaner D. A new computer game E. An automated check-in system for waiting rooms 92.What issue is holding Dr. Hill back from developing his product into a business?  A. He does not have the capital B. He does not want to.
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  Multiple Choice Questions 83.What has challenged the banking industry and forced it to undergo changes?  A. Changes in consumer needs B. Rapid technological changes C. Changes in basic business needs D. The old banking system no longer functions E. Political instability 84.Which was not a problem during the most recent financial crisis?  A. Dramatic declines in bank assets B. Collapse of the subprime mortgage market C. Declining home.
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  Multiple Choice Questions 67.Which of the following is not a type of pension fund?  A. Individual retirement accounts B. Corporate insurance plans for employees C. Insurance company life insurance plans D. Social Security E. Roth individual retirement accounts 68.A mutual fund allows many small investors to  A. buy stocks individually. B. invest in a diversified stock market portfolio. C. take no risk while investing in stocks. D. make loans. E. float commercial.
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  11.Using commodities such as corn, livestock, or artisanal goods is not an effective means of exchange because the system lacks  A. divisibility. B. stability. C. perishability. D. durability. E. counterfeitability. 12.When a dollar bill is handled hundreds of times and is still being used, it has which of the following characteristics?  A. Portability B. Divisibility C. Durability D. Stability E. Difficult to counterfeit 13.In some countries with very high inflation rates, citizens.
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  83.One of the best ways to analyze a company's financial performance is to compare its ratios with those of  A. suppliers who work in the field. B. manufacturers producing their products. C. companies in the same industry. D. the U.S. government. E. foreign governments. 84.Return on assets and return on equity are examples of which type of ratio?  A. Asset utilization B. Liquidity C. Debt D. Profitability E. Current 85.Asset utilization ratios.
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  True / False Questions 1.Fiat money is backed by gold.  2.Money is a medium of exchange.  3.The most important characteristic of money is its acceptability for purchase of goods and services.  4.When currency is stable, it provides no incentive to save.  5.The three important functions of money are that it serves as a medium of.
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  Multiple Choice Questions 54.A marketing channel includes all of the following except  A. producers. B. retailers. C. wholesalers. D. consumers. E. secondary stakeholders. 55.The major variable of the marketing mix that uses marketing middlemen is  A. product. B. distribution. C. promotion. D. price. E. research and development. 56.If XYZ Company buys televisions from a manufacturer and then sells them to department stores, it is probably a  A. retailer. B. producer. C. consumer. D. wholesaler. E. manufacturer. 57.An example of a product distributed through Channel.
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  True / False Questions 73.Negative cash flow always indicates that a company is in financial trouble.  74.Ratio analysis brings the information on financial statements into sharper focus so that a firm's managers and others can measure its productivity, profitability, and sources of financing relative to other firms.  75.After ratios are computed, it is.
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  Multiple Choice Questions 91.What is the problem at BrainDrain?  A. You wanted to be promoted but were not B. The company has more business than it can handle C. BrainDrain is on the verge of financial ruin D. The company has a corrupt accountant E. The company is growing too fast 92.What have you done to identify and fix BrainDrain's problems?  A. You looked.
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  True / False Questions 33.The Federal Reserve Board is responsible for supervising the insurance funds that protect deposits in member institutions, such as FDIC insured banks.  34.The Federal Reserve Board regulates U.S. financial institutions.  35.When the Fed buys securities, it decreases the money in circulation.  36.When the Fed raises the discount rate, it is.
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  43.If the Federal Reserve System wanted to increase the money supply, it would most likely take which action first?  A. Raise the reserve requirement B. Buy securities on the open market C. Print more money D. Lower the discount rate E. Reduce credit controls 44.Which of the following is not a tool used by the Fed to implement its monetary policy?  A. Open.
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  Essay Questions 45.What are objectives behind pricing, and what different considerations go into determining the price of a product?  46.Name two pricing strategies a firm might use.  True / False Questions 47.Physical distribution includes inventory control, transportation, warehousing, and materials handling.  48.Exclusive distribution makes a product available in as many outlets as possible.  49.Distribution channels for.
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  36.Which of the following is the most flexible variable in the marketing mix?  A. Product B. Production C. Place D. Promotion E. Price 37.Price is an important factor in the marketing mix for all of the following reasons except  A. it affects product image. B. it is very flexible. C. it directly affects revenue and profits. D. it is the most visible element in the firm's marketing mix. E. the ability.
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  Essay Questions 76.What are the different nonbanking institutions available? What do they not offer that banking institutions do?  77.What is a mutual fund?  True / False Questions 78.During the financial crisis, many large banks saw their capital base grow.  79.Most experts believe that banks will continue to consolidate and get larger over time.  80.The U.S. government.
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  84.Which was not a problem during the most recent financial crisis?  A. Dramatic declines in bank assets B. Collapse of the subprime mortgage market C. Declining home values and foreclosures D. Escalating home values E. Excessively risky securities 85.What is one of the things that the Troubled Asset Relief Program (TARP) allowed the government to do to help financial institutions?  A. Offer guidance.
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  True / False Questions 37.At the end of each accounting period, the dollar amounts in all the revenue and expense accounts on the income statement are moved into an account called "Retained Earnings."  38.Income statements show revenue, expenses, and income over a period of time.  39.Only business organizations have revenue to report.  40.Cost of.
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  Essay Questions 67.How has mobile marketing changed consumers' consumption patterns and how have marketers adapted?  68.Discuss the appeal to marketers of online social networking sites. Why are marketers utilizing them more and more?  69.How do digital media help companies become more environmentally friendly?      .
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  65.A company's assets that can be easily converted into cash are called  A. fixed assets. B. long-term assets. C. current assets. D. equity. E. current liabilities. 66.A company's short-term financial obligations are called its  A. current assets. B. equity. C. net profit. D. current liabilities. E. accounts payable. 67.The balance sheet uses all of the following account titles to describe liabilities except  A. sales revenue. B. accounts payable. C. current liabilities. D. taxes payable. E. wages payable. 68.The owners' contributions to a company.
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  61.How have the roles of commercial banks changed in recent decades because of new laws and regulatory shifts?  True / False Questions 62.Mutual funds spread the risk of investing across many securities.  63.Finance companies buy and sell stocks and bonds for their customers.  64.An example of electronic funds transfers (EFT) is using an automated.
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  True / False Questions 33.The Federal Reserve Board is responsible for supervising the insurance funds that protect deposits in member institutions, such as FDIC insured banks.  34.The Federal Reserve Board regulates U.S. financial institutions.  35.When the Fed buys securities, it decreases the money in circulation.  36.When the Fed raises the discount rate, it is.
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  43.If the Federal Reserve System wanted to increase the money supply, it would most likely take which action first?  A. Raise the reserve requirement B. Buy securities on the open market C. Print more money D. Lower the discount rate E. Reduce credit controls 44.Which of the following is not a tool used by the Fed to implement its monetary policy?  A. Open.
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  True / False Questions 17.Funds in a demand deposit account cannot be withdrawn without a 24-hour notice.  18.A checking account is also called a demand deposit account.  19.A savings account is the same thing as a money market account.  20.Certificates of deposit are accounts with funds that usually cannot be withdrawn without advance notice.
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  80.___________ occurs when criminals obtain personal information that allows them to impersonate someone else in order to use the person's credit to obtain financial accounts and make purchases.  A. Privacy violations B. Identity theft C. Bank fraud D. Intellectual property theft E. Online fraud 81.The practice of ______ involves companies offering to harvest personal information from social networking and other sites.  A. scraping B. phishing C. tweeting D. online.
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  27.In general, the longer the term of a certificate of deposit, the  A. less safe it is. B. higher its interest rate. C. lower its value. D. lower its interest rate. E. higher its inflation rate. 28.Credit cards are  A. difficult to use. B. preapproved lines of credit granted by a bank or finance company. C. demand deposits. D. time deposits. E. money stored in a bank or other financial institution.
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