Busn 1001 Exam 3

Front 1

What is the correct order for the balance sheet?

Back 1

Assets, liabilities, owners, equity

Front 2

The ___ requires lenders to clearly state the annual percentage rate and total finance charge for a consumer loan.

Back 2

Truth-in-lending act

Front 3

The use of webinars and online informational promotional materials is most often related to businesses selling to

Back 3

other businesses

Front 4

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

Back 4

accounts receivable

Front 5

Which banks are chartered by the U.S. comptroller of the currency?

Back 5

National

Front 6

Discounts given to customers who buy in large amounts are called ____ discounts

Back 6

quantity

Front 7

A request that a stock be purchased or sold at the current market price is called a

Back 7

market order

Front 8

Web site designers, web masters, and programmers belong to which of the following specialized e-business resources?

Back 8

human

Front 9

Everything that one receives in an exchange, including all tangible and intangible attributes and expected benefits, is called a

Back 9

product

Front 10

Mama Mia restaurant purchased two large ovens for its kitchen. these ovens are an example of which type of business product?

Back 10

major equipment

Front 11

immediate purchasing power that is exchanged for a promise to pay at a later date is called a

Back 11

credit

Front 12

a personal income statement lists your ___ and ____ for a specific period of time

Back 12

income: expenses

Front 13

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

Back 13

certified financial planner

Front 14

the purpose of ___ is to distribute timely and useful information from both internal and external sources to the decision makers who need it

Back 14

a management information system

Front 15

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?

Back 15

poor location

Front 16

Money that is held and spent later represents a ____, or a means for retaining and accumulating wealth.

Back 16

store of value

Front 17

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

Back 17

federal reserve system

Front 18

each objective of a social media plan should be all of the following except

Back 18

vague

Front 19

Credit union members usually are

Back 19

all of these answers are correct

Front 20

the business that collects premiums and then provides long term financing for large real etstate projects is a(n)

Back 20

insurance company

Front 21

the cheese shoppe's liabilities total $59,000 and its owners' equity is $124,000. which of the following is true?

Back 21

the total assets equal $183,000

Front 22

Peer-to-peer software that allows users to share information over the internet is known as a ___ model

Back 22

consumer-to-consumer

Front 23

when dell computer allows workers in a foreign country to provide technical assistance to its customers, it is engaging in

Back 23

outsourcing

Front 24

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

Back 24

shopping product

Front 25

The part of a brand that can be spoken in letters, words, numbers, and or pronouncable symbols is called a

Back 25

brand name

Front 26

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)

Back 26

liability

Front 27

the price of one share of stock at a particular time is know as

Back 27

the market value

Front 28

a system of exchange in which goods and services are traded directly for other goods and services is called a(n) ___ system

Back 28

barter

Front 29

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

Back 29

inflation

Front 30

investments in gemstones, precious metals, and collectibles are all considered

Back 30

high risk

Front 31

the transformation of data into a form useful for a specific purpose is called

Back 31

data processing

Front 32

which of the following can be most closely associated with "outsourcing tasks"

Back 32

crowdsourcing

Front 33

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

Back 33

market share

Front 34

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

Back 34

revenues

Front 35

the value of a firm's reputation, location, earning capacity, and other intangibles that make the business profitable is called its

Back 35

goodwill

Front 36

one type of b2b model focuses on

Back 36

facilitating sales transactions between businesses

Front 37

numerical or verbal descriptions that usually result from measurements of some sort are known as

Back 37

data

Front 38

it is easy for mark to compare the differences in price when he is shopping for a new truck because money is a

Back 38

measure of value

Front 39

which type of manager would be most concerned with information about the products offered by competitors?

Back 39

marketing

Front 40

television sets that best buy owns for selling to its customers are classified as

Back 40

merchandise inventory

Front 41

the process of systematically collecting, analyzing, and reporting financial information is called

Back 41

accounting

Front 42

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

Back 42

penetration pricing

Front 43

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)

Back 43

certificate of deposit

Front 44

resources that a firm owns are called

Back 44

assets

Front 45

a good or service that is intented primarily for personal or household use is called a(n) _____

Back 45

consumer

Front 46

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

Back 46

sales discount

Front 47

social media can most accurately be described as being about

Back 47

people

Front 48

each year, miguel guerra constructs a personal balance sheet to determine his

Back 48

net worth

Front 49

which of the following is most commonly used to obtain cash from an ATM?

Back 49

debit cards

Front 50

for any product, the breakeven quantity is the

Back 50

number sold such that costs equal revenues

Front 51

what is the largest video site on the internet

Back 51

youtube

Front 52

the financial statement that provides information about a firms operating investing and financing acitivites during an accounting period is the

Back 52

cash flow statement

Front 53

the practice of board members, corporate management, and employees buying and selling a corporation's stock is

Back 53

insider trading

Front 54

raw materials are an example of firm's ____ costs

Back 54

variable

Front 55

real or personal property that a firm or individual owns and that is pledged as security for a loan is called

Back 55

collateral

Front 56

the purpose of asset allocation is to

Back 56

reduce investment risk

Front 57

the percentage of deposits that a bank must retain for depositors is called

Back 57

a reserve requirement

Front 58

the value of goods on hand for sale to customers is called

Back 58

merchansdise inventory

Front 59

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

Back 59

net worth

Front 60

a bond issued by a state or local government is called a(n)

Back 60

municipal bond

Front 61

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

Back 61

private accountant

Front 62

the basic resource from which plans are developed and decisions are made is called

Back 62

information

Front 63

why should companies develop and introduce new products?

Back 63

because failing to do so can threaten success of the firm

Front 64

when a corporation pays a dividend in the form of additional stock, the dividend is called a

Back 64

stock dividend

Front 65

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

Back 65

a database

Front 66

the ease with which an investment can be converted into cash is called

Back 66

liquidity

Front 67

a piece of software sent by a website that tracks an individuals internet use is called

Back 67

a cookie

Front 68

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

Back 68

private accountant

Front 69

which of the following is most like a radio show that could be distributed through the web

Back 69

podcast

Front 70

an audit is

Back 70

performed by the firms private bookkeepers

Front 71

brian can easily carry $100 in his wallet because money is

Back 71

portable

Front 72

most data gathered for an MIS come from

Back 72

internal sources

Front 73

the interest rate that the federal reserve system charges for loans to member banks is called the

Back 73

discount rate

Front 74

a loan that is approved before the money is actually needed is called a(n)

Back 74

line of credit

Front 75

what are the most conservative of all investments

Back 75

bank accounts