QUESTION Suppose you have put $50 in an interest-bearing account and you want to double the amount of money in the account. What calculation would you use to determine how many years it would take to double your money? A) Divide 50 by the interest rate and add 2. B) Divide 72 by the interest […]
Date: September 3rd, 2020
QUESTION The long tail describes the idea that companies can succeed selling a few units of millions of products. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The income statement, cash flow statement, and balance sheet are all equally important to business operation. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Income is A) the amount of cash a company deposits in its bank during one year. B) the amount of cash a company expects to bring in during the coming year. C) the amount of money a company generates during a period of time. D) the total amount of money received by a company […]
Date: September 3rd, 2020
QUESTION A balance sheet is helpful both on a business level and on a personal level. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Financing for a period of one year or less is generally known as short-term financing. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION How does the Rule of 72 calculation work? A) Subtract the interest rate from 72. B) Divide 72 by the interest rate. C) Multiply the interest rate by 72. D) Add the interest rate to 72. ANSWER B
Date: September 3rd, 2020
QUESTION Revenue is A) the amount of cash a company deposits in its bank during one year. B) the amount of cash a company expects to bring in during the coming year. C) the amount of money a company generates during a period of time. D) the total amount of money received by a company […]
Date: September 3rd, 2020
QUESTION A risk is any circumstance in which the outcome of a decision or action is uncertain. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION You have saved $200 in an interest-bearing account and plan to leave it there for 5 years. How would you calculate the interest you would need to earn in order to double your money in those 5 years? A) Divide 72 by the number of years you have to save. B) Multiply 72 by […]
Date: September 3rd, 2020
