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 own a steel company. You build a state-of-the-art manufacturing facility that lets your business operate more efficiently and sell more products. Building the facility is a(n) A) operating activity. B) investing activity. C) maintenance activity. D) financing activity. ANSWER B
Date: September 3rd, 2020
QUESTION High quality employees are an example of a(n) ________. a. strength b. weakness c. opportunity d. threat ANSWER a
Date: September 3rd, 2020
QUESTION You own a media company. You decide to issue and sell shares of your company’s stock. This is a(n) A) operating activity. B) investing activity. C) maintenance activity. D) financing activity. ANSWER D
Date: September 3rd, 2020
