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Quiz Review 6/ Business - Introduction To Business

1
Data mining looks for previously unknown relationships among vast amounts of data.
2
In the context of pricing strategies,the _____ tries to increase traffic in retail stores by special sales on a limited number of products, and greater everyday prices on others.
3
Which of the following best describes the organization of a statement of cash flows?
4
Henry Ford found many practical applications of Frederick Taylor's scientific management principles
5
Describe how the law of large numbers relates to insurance companies.
6
The length of time you've held various credit accounts makes an impact on your individual Fair, Isaac and Company (FICO) score.
7
Srishti wants to start a restaurant of her own. As she does not have any savings, she approaches her bank for money and enters an agreement with the bank. According to the agreement, the bank agrees to lend her $5,000 upon request, provided it has sufficient funds to loan the amount. In this scenario, the type of funding obtained by Srishti can be regarded as a
8
To deter identity theft, the National Fraud Center wants financial institutions to
9
In addition to contributions from owners, firms can also raise long-term funds by:
10
___________ is how consumers define the product or brand relative to its competitors.
11
Stock certificates represent evidence of ownership in an organization. A stock certificate contains which of the following?
12
Bonnie Parker, COO of Economy Printing, has been unhappy with sales figures for the last two quarters, except for a slight upturn the last two weeks of the second quarter
13
Which of the following are groups of small investors seeking to make profits on companies with rapid growth potential?
14
For partnerships to be legal, they must be established in writing.
15
The ____ is an award given by the president of the United States to organizations that apply and are judged to be outstanding in specific managerial tasks.
16
Eli Whitney's cotton gin was a determining factor in the agricultural economy in the 19th century.
17
At which stage in the marketing process do concept testing and test marketing come into play?
18
Provide an example of macroeconomic factors' influence the international.
19
Alexa's First Job ​ Alexa has just earned her undergraduate degree in accounting and has successfully completed the CPA exam. She recently interviewed with a relatively small and new company and was offered a job. The offer sounded very promising; the job had opportunities to grow with the company and provided diverse challenges. Alexa accepted the job. ​ Once Alexa started working, she realized that the owners and employees did not have a general understanding of accounting. She had to teach them the steps in an accounting cycle so they would be able to understand how she was going to create reports. When she talked about the statement of financial position, they had no idea what she was talking about. She was the qualified individual responsible for accounting. No one else working
20
Which option is being utilized when the insurer accumulates dividends at interest and then uses the accumulated dividends, plus interest, and the policy cash value to pay the policy up early?
21
To calculate the rate of return on an investment,
22
A snack food firm has one division for the United States, one for Europe, and another for Asia. How is this firm departmentalized?
23
A patient in ICU is on TPN solution (25% CHO, 5% AA) at 85 cc/hr with 10% lipids QOD. The patient information includes: ht: 5'10", wt: 185# (84kg), 67 years old male. Calculate the glucose utilization rate for this nutrition support regimen.
24
On an income statement, revenue less cost of goods sold (COGS) equals:
25
A ________ budget identifies the money a new company will need to spend to launch operations
26
Martha set up a budget and realizes she needs to reduce some of her spending to improve her savings. Each of the following options would be fine for this EXCEPT what?
27
Which of the following is a difference between common stockholders and preferred stockholders?
28
What explains why property casualty insurance is sometimes called property and liability insurance?
29
Which of the following provisions specifies how long a policyowner's health coverage will remain in effect if the policyowner does not pay the premium when it is due?
30
Nancy Malone works for a California-based computer manufacturer. According to Nancy, the time required to develop a new product has decreased because of the increased use of ____ software
31
"I see an opportunity for my employer" is something that a(n) ________ would say.
32
A computer-based system for continually gathering internal and external information is called
33
The City of Lawtown filed suit against certain gun manufacturers for financial payments to cover the costs of police work and medical care as a result of gun violence. This suit was based on the legal principle of
34
All of the following are true of Article II of the Uniform Commercial Code EXCEPT it
35
Compare and contrast the efficient market school and the inefficient market school of exchange rate forecasting.
36
The most direct channel for consumer products is from producer to retailer to consumer.
37
A branding strategy in which a firm uses a different brand for each of its products is called ____ branding
38
Which of the following, if true, strengthens the case for Nina running the business as a sole proprietorship?
39
The executive director of Big Deals Inc. wants to implement a new information system in the accounting department to increase the company's effectiveness
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