Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
75 Cards in this Set
- Front
- Back
What is the correct order for the balance sheet? |
Assets, liabilities, owners, equity |
|
The ___ requires lenders to clearly state the annual percentage rate and total finance charge for a consumer loan. |
Truth-in-lending act |
|
The use of webinars and online informational promotional materials is most often related to businesses selling to |
other businesses |
|
Dr Ted Walker runs a chiropractic clinic. he typically bills his customers for services he performs and gives them about 30 days to make the payments. these amounts of money that his customers owe are called |
accounts receivable |
|
Which banks are chartered by the U.S. comptroller of the currency? |
National |
|
Discounts given to customers who buy in large amounts are called ____ discounts |
quantity |
|
A request that a stock be purchased or sold at the current market price is called a |
market order |
|
Web site designers, web masters, and programmers belong to which of the following specialized e-business resources? |
human |
|
Everything that one receives in an exchange, including all tangible and intangible attributes and expected benefits, is called a |
product |
|
Mama Mia restaurant purchased two large ovens for its kitchen. these ovens are an example of which type of business product? |
major equipment |
|
immediate purchasing power that is exchanged for a promise to pay at a later date is called a |
credit |
|
a personal income statement lists your ___ and ____ for a specific period of time |
income: expenses |
|
Harry has had two years of training in securities, insurance, taxation, retirement planning, and estate planning and has passed a rigorous qualifying examination given by the certified financial planner board of standards in denver. harry is a |
certified financial planner |
|
the purpose of ___ is to distribute timely and useful information from both internal and external sources to the decision makers who need it |
a management information system |
|
real estate ownership represents one of the best hedges against inflation, but not all property will increase in value. which of the following can result in a piece of property decreasing in value? |
poor location |
|
Money that is held and spent later represents a ____, or a means for retaining and accumulating wealth. |
store of value |
|
The buying and selling of U.S. government securities by the federal reserve system for the purpose of controlling the supply of money is called |
federal reserve system |
|
each objective of a social media plan should be all of the following except |
vague |
|
Credit union members usually are |
all of these answers are correct |
|
the business that collects premiums and then provides long term financing for large real etstate projects is a(n) |
insurance company |
|
the cheese shoppe's liabilities total $59,000 and its owners' equity is $124,000. which of the following is true? |
the total assets equal $183,000 |
|
Peer-to-peer software that allows users to share information over the internet is known as a ___ model |
consumer-to-consumer |
|
when dell computer allows workers in a foreign country to provide technical assistance to its customers, it is engaging in |
outsourcing |
|
chris and kimberly white decided to buy new furniture for their bedroom. they spent considerable time shopping around, comparing prices and styles. bedroom furiture is best classified as a |
shopping product |
|
The part of a brand that can be spoken in letters, words, numbers, and or pronouncable symbols is called a |
brand name |
|
in order for the gift market, a local specialty store, to purchase christmas merchandise for selling in its store, it had to borrow money from a local bank. this debt owed to the bank is a(n) |
liability |
|
the price of one share of stock at a particular time is know as |
the market value |
|
a system of exchange in which goods and services are traded directly for other goods and services is called a(n) ___ system |
barter |
|
kenneth is concerned because a dollar does not buy what it used to buy. he decides to invest his only in real estate because he knows it is a good way to protect his money from |
inflation |
|
investments in gemstones, precious metals, and collectibles are all considered |
high risk |
|
the transformation of data into a form useful for a specific purpose is called |
data processing |
|
which of the following can be most closely associated with "outsourcing tasks" |
crowdsourcing |
|
if nabisco had established a pricing objective of selling one out of every three crackers consumed in the world, if would have established an objective based on |
market share |
|
marilyn provides piano lessons to students in her home four days a week. the money she earns from providing these services would be called ___ on an income statement |
revenues |
|
the value of a firm's reputation, location, earning capacity, and other intangibles that make the business profitable is called its |
goodwill |
|
one type of b2b model focuses on |
facilitating sales transactions between businesses |
|
numerical or verbal descriptions that usually result from measurements of some sort are known as |
data |
|
it is easy for mark to compare the differences in price when he is shopping for a new truck because money is a |
measure of value |
|
which type of manager would be most concerned with information about the products offered by competitors? |
marketing |
|
television sets that best buy owns for selling to its customers are classified as |
merchandise inventory |
|
the process of systematically collecting, analyzing, and reporting financial information is called |
accounting |
|
the maker of oral-b toothbrushes is introducing a new electric plaque remover and expects considerable competition. what pricing strategy would be appropriate for this maker to choose |
penetration pricing |
|
a document stating that the bank will pay the depositor a guaranteed interest rate for money left on deposit for a specified period of time is a(n) |
certificate of deposit |
|
resources that a firm owns are called |
assets |
|
a good or service that is intented primarily for personal or household use is called a(n) _____ |
consumer |
|
the dress barn offered its customers a reduction in price on some clothing items that were slightly faded from being in the window at the front of the store. this reduction is called a |
sales discount |
|
social media can most accurately be described as being about |
people |
|
each year, miguel guerra constructs a personal balance sheet to determine his |
net worth |
|
which of the following is most commonly used to obtain cash from an ATM? |
debit cards |
|
for any product, the breakeven quantity is the |
number sold such that costs equal revenues |
|
what is the largest video site on the internet |
youtube |
|
the financial statement that provides information about a firms operating investing and financing acitivites during an accounting period is the |
cash flow statement |
|
the practice of board members, corporate management, and employees buying and selling a corporation's stock is |
insider trading |
|
raw materials are an example of firm's ____ costs |
variable |
|
real or personal property that a firm or individual owns and that is pledged as security for a loan is called |
collateral |
|
the purpose of asset allocation is to |
reduce investment risk |
|
the percentage of deposits that a bank must retain for depositors is called |
a reserve requirement |
|
the value of goods on hand for sale to customers is called |
merchansdise inventory |
|
jack stanley graduated from college and obtained a full time job in accounting. at the end of his first year of employment, his assets totaled 9,000. his liabilities totaled 3,000. his ____ was 6,000 |
net worth |
|
a bond issued by a state or local government is called a(n) |
municipal bond |
|
ebony jones is hired by ruby tuesday to help with budgeting, determining the costs of the firm's meal services, and recording transactions and creating financial statements. ebony is a |
private accountant |
|
the basic resource from which plans are developed and decisions are made is called |
information |
|
why should companies develop and introduce new products? |
because failing to do so can threaten success of the firm |
|
when a corporation pays a dividend in the form of additional stock, the dividend is called a |
stock dividend |
|
on its company computer system, gymboree has numerical and verbal descriptions about its suppliers and their prices, which as a whole is called ___. managers can access ad use this to make decisions about suppliers |
a database |
|
the ease with which an investment can be converted into cash is called |
liquidity |
|
a piece of software sent by a website that tracks an individuals internet use is called |
a cookie |
|
jane cook started a small manufacturing firm two years ago. now, after two years, she decides it is time to hire an accountant to work in the office and process all her financial data. this accountant will be a |
private accountant |
|
which of the following is most like a radio show that could be distributed through the web |
podcast |
|
an audit is |
performed by the firms private bookkeepers |
|
brian can easily carry $100 in his wallet because money is |
portable |
|
most data gathered for an MIS come from |
internal sources |
|
the interest rate that the federal reserve system charges for loans to member banks is called the |
discount rate |
|
a loan that is approved before the money is actually needed is called a(n) |
line of credit |
|
what are the most conservative of all investments |
bank accounts |