QUESTION When a business borrows money, it pays a fee for the use of that money. The fee is called ________. a. collateral b. factoring c. equity d. interest ANSWER d
Date: September 3rd, 2020
QUESTION What are external conditions that may deter a company from achieving its objective? a. threats b. opportunities c. strengths d. weaknesses ANSWER a
Date: September 3rd, 2020
QUESTION For which of the following purchases would a company use short-term financing? a. property b. manufacturing facility c. equipment d. inventory or supplies ANSWER d
Date: September 3rd, 2020
QUESTION You are an employee of a company. Which of the following is NOT a benefit of understanding the company’s financial statements? A) This understanding helps you determine the company’s financial health and judge whether your job is secure. B) This understanding inspires and helps you to do your job more effectively. C) This understanding […]
Date: September 3rd, 2020
QUESTION The United States is more of a mixed market economy than a capitalistic economy. 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
QUESTION You participate in the day-to-day work of a business. Which of the following perspectives does this give you on the business? A) customer B) manager C) employee D) owner/investor ANSWER C
Date: September 3rd, 2020
QUESTION You are thinking about attending a business conference. But spending three days on the trip will mean falling behind on your current project. By considering the value of lost time, you are applying the concept of ________. a. SWOT analysis b. diversification c. opportunity cost d. merger ANSWER c
Date: September 3rd, 2020
