QUESTION You are purchasing a good or service from a business. Which of the following perspectives does this give you on the business? A) customer B) manager C) employee D) owner/investor ANSWER A
Date: September 3rd, 2020
QUESTION Spreading resources out over several different areas is called ________. a. diversification b. risk c. opportunity d. liability ANSWER a
Date: September 3rd, 2020
QUESTION You guide employees and make sure their work meets certain criteria in a company. Which of the following perspectives does this give you on the company? A) customer B) manager C) employee D) owner/investor ANSWER B
Date: September 3rd, 2020
QUESTION Diversification is a method of managing ________. a. risk b. strengths c. retained earnings d. dividends ANSWER a
Date: September 3rd, 2020
QUESTION You have a vested interest in the financial success of a company, though you are not participating in its day-to-day activities. Which of the following perspectives does this give you on the company? A) customer B) manager C) employee D) owner/investor ANSWER D
Date: September 3rd, 2020
QUESTION What is another term for cost of goods sold? A) cost of profit B) cost of operating income C) cost of revenue D) cost of interest ANSWER C
Date: September 3rd, 2020
QUESTION When Google announced that it was developing software for cell phones, the company showed that it was ________ its sources of income. a. diversifying b. risking c. merging d. factoring ANSWER a
Date: September 3rd, 2020
QUESTION What is an acquisition? a. one company takes over another company and sets itself up as the new owner b. three or more companies spread resources out over several different areas c. one company divides into two or more companies d. two companies agree to go forward as a single new company ANSWER […]
Date: September 3rd, 2020
QUESTION Which of the following is a reason for two companies to join together? a. expanding the size of each company b. closing stores in other geographic areas in order to concentrate on just one area c. giving up control over a competitive advantage d. increasing risk ANSWER a
Date: September 3rd, 2020
QUESTION What is gross profit? A) revenue plus the costs of creating and delivering products for sale (not including overhead) B) revenue divided by the costs of creating and delivering products for sale (not including overhead) C) revenue minus the costs of creating and delivering products for sale (not including overhead) D) revenue multiplied by […]
Date: September 3rd, 2020
