QUESTION The prices of substitute products may cause the demand curve to shift. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The demand curve slopes downward and the supply curve slopes upward. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION A loan that is backed by something of value, such as property or inventory, is known as a(n) ________. a. credit card balance b. unsecured loan c. line of credit d. secured loan ANSWER d
Date: September 3rd, 2020
QUESTION Stock is a(n) ________. a. investor who receives ownership interests in a company b. share of ownership in a company c. agreement to lend money that will repaid at a later date d. portion of a company’s earnings ANSWER b
Date: September 3rd, 2020
QUESTION Competition plays a large part in both capitalistic and mixed market economies. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Effective followers do not necessarily need a strong leader to get the job done. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION A kind of loan that is generally given only to trusted customers or to companies perceived to be extremely financially stable is called a(n) ________. a. unsecured loan b. secured loan c. factoring arrangement d. credit card balance ANSWER a
Date: September 3rd, 2020
QUESTION Leadership and management are interchangeable. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION A line of credit ________. a. allows a business to borrow short-term funds, up to a set amount, whenever it is necessary without having to apply for a new loan every time b. requires a company to use property as a collateral c. requires a company to use accounts receivable as collateral d. involves […]
Date: September 3rd, 2020
QUESTION Measuring risk versus ________ is the key to any investment decision. a. portfolio b. horizontal diversification c. return d. interest ANSWER c
Date: September 3rd, 2020
