QUESTION The field of economics attempts to understand how individuals and countries act in response to certain material constraints. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Which of the following involves repaying a loan over periods longer than one year? a. short-term financing b. equity financing c. long-term financing d. retained earnings financing ANSWER c
Date: September 3rd, 2020
QUESTION The study of economics takes into account consumers’ irrational behavior in fulfilling their wants and needs. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION The two main debt-financing options are ________. a. bonds and factoring b. bank loans and bonds c. stocks and retained earnings d. bank loans and pledging ANSWER b
Date: September 3rd, 2020
QUESTION As prices rise, the quantity of product demanded falls. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Which of the following occurs when a company raises money by either selling stock to investors or withdrawing it from the owners’ retained earnings? a. debt financing b. equity financing c. short-term financing d. dividend financing ANSWER b
Date: September 3rd, 2020
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 A manager’s primary job is to A) make sure his or her employees’ work meets certain criteria. B) assemble the products or provide the services that the company sells. C) respond to customers’ complaints about the company’s offerings. D) invest some of his or her compensation in company shares. ANSWER A
Date: September 3rd, 2020
QUESTION In a capitalistic economy, the means to produce goods and services are owned by private interests. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Companies use SWOT to analyze________ risks and benefits. a. neither internal nor external b. only external c. both internal and external d. only internal ANSWER c
Date: September 3rd, 2020
