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
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 All of the following are financial risks reflected on the balance sheet EXCEPT ________. a. excess inventory b. not enough cash c. zero long-term debt d. too much debt ANSWER c
Date: September 3rd, 2020
QUESTION You own a computer company. Activities such as selling computers, buying components, and assembling the components to make computers are A) operating activities. B) investing activities. C) maintenance activities. D) financing activities. ANSWER A
Date: September 3rd, 2020
QUESTION A factor in SWOT analysis is ________. a. officers b. workers c. strengths d. terminations ANSWER c
Date: September 3rd, 2020
