Principles Of Business, Marketing and Finance Final Exam - Walker

1. Wal-Mart, Polo Ralph Lauren, and Foot Locker are all examples of goods businesses.

True

False

2. What types of advertisements are most expensive?

Webcasting

TV

Transit

3. Churches, The American Red Cross, and Meals on Wheels are all examples of non-profit organizations.

True

False

4. Means of communication such as TV, Radio, and newspapers.

Mass Media

Cyber Ads

Infomercial

5. Someone who starts, manages, and owns a business.

Entreprenuer

Intraprenuer

Output

6. Putting your money to use in order to make money on it.

Investing

Interest

Yield

7. In a ________ a central authority makes the key economic decisions.

Command Economy

Mixed Economy

Market Economy

8. Labor is an example of what type of resource?

Natural

Human

Capital

9. There is an economic problem that consists of unlimited wants and limited________

Goods

Resources

Services

10. What is the name of this course?

Principles of Business

Principles of Business, Marketing and Finance

Principles of Business and Marketing

11. An advertistment on the side of a city bus is an example of transit advertising.

True

False

12. Any business that is operated by one or few individuals is considered a:

Fortune 500 Company

Small Business

Focus Group

13. A product made in Europe would be an example of a:

Domestic Product

Franchise

Foreign Product

14. An organization that produces or distributes a good or service for profit.

Business

Mass Production

Finance

15. The duty to do what is best for the good of society

Ethics

Business Ethics

Social Responsibility

16. What type of firms produce goods?

Service Firms

Manufacturing Firms

Commercial Businesses

17. A share of ownership in a business.

Yield

Stock

Capital Gain

18. Requires men and women to be paid the same wages for doing equal work

Equal Pay Act

Environmental Protection Agency

Food and Drug Administration

19. The set of moral principles by which people conduct themselves personally, socially, or professionally

Social Responsibility

Ethics

Stakeholders

20. When an economy produces more goods than people want, it has to lower prices and cut production. This causes _________

Inflation

Deflation

Budget Deficit

21. When a business is tempted to put profits before social welfare

Business Ethics

Conflict of Interest

Social Responsibility

22. The total market value of all goods and services produced within a country in a year:

Gross International Product

Output

Gross Domestic Product

23. Intangible products that use mostly labor to satisfy consumer needs.

Mass Production

Service

Business

24. The duty of a business to contribute to the well-being of society.

Social Responsibility

Business Ethics

Code of Ethics

25. The paid, non-personal form of communication that businesses use to promote products.

Advertising

Wholesaler

Retailer

26. Production involves:

Making a Product

Providing a Service

All Choices are Correct

27. Businesses that sell directly to customers.

Wholesalers

Retailers

Target Markets

28. Beauty salons, barbershops, and lawn mowing businesses are all examples of goods businesses.

True

False

29. A short, specific statement of the business's purpose and direction.

Goal Statement

Vision Statement

Mission Statement

30. Receive large shipments of products from many different producers.

Wholesalers

Retailers

Target Markets

Principles Of Business, Marketing and Finance Final Exam - Walker

1. Wal-Mart, Polo Ralph Lauren, and Foot Locker are all examples of goods businesses.

2.

What first name or nickname would you like us to use?

2. What types of advertisements are most expensive?

3. Churches, The American Red Cross, and Meals on Wheels are all examples of non-profit organizations.

4. Means of communication such as TV, Radio, and newspapers.

5. Someone who starts, manages, and owns a business.

6. Putting your money to use in order to make money on it.

7. In a ________ a central authority makes the key economic decisions.

8. Labor is an example of what type of resource?

9. There is an economic problem that consists of unlimited wants and limited________

10. What is the name of this course?

11. An advertistment on the side of a city bus is an example of transit advertising.

12. Any business that is operated by one or few individuals is considered a:

13. A product made in Europe would be an example of a:

14. An organization that produces or distributes a good or service for profit.

15. The duty to do what is best for the good of society

16. What type of firms produce goods?

17. A share of ownership in a business.

18. Requires men and women to be paid the same wages for doing equal work

19. The set of moral principles by which people conduct themselves personally, socially, or professionally

20. When an economy produces more goods than people want, it has to lower prices and cut production. This causes _________

21. When a business is tempted to put profits before social welfare

22. The total market value of all goods and services produced within a country in a year:

23. Intangible products that use mostly labor to satisfy consumer needs.

24. The duty of a business to contribute to the well-being of society.

25. The paid, non-personal form of communication that businesses use to promote products.

26. Production involves:

27. Businesses that sell directly to customers.

28. Beauty salons, barbershops, and lawn mowing businesses are all examples of goods businesses.

29. A short, specific statement of the business's purpose and direction.

30. Receive large shipments of products from many different producers.