Principles Of Business, Marketing And Finance Final Exam - Walker
- 1.
What types of advertisements are most expensive?
- A.
Webcasting
- B.
TV
- C.
Transit
Correct Answer
B. TV -
- 2.
Means of communication such as TV, Radio, and newspapers.
- A.
Mass Media
- B.
Cyber Ads
- C.
Infomercial
Correct Answer
A. Mass Media -
- 3.
The paid, non-personal form of communication that businesses use to promote products.
- A.
Advertising
- B.
Wholesaler
- C.
Retailer
Correct Answer
A. Advertising -
- 4.
Receive large shipments of products from many different producers.
- A.
Wholesalers
- B.
Retailers
- C.
Target Markets
Correct Answer
A. Wholesalers -
- 5.
Businesses that sell directly to customers.
- A.
Wholesalers
- B.
Retailers
- C.
Target Markets
Correct Answer
B. Retailers -
- 6.
A short, specific statement of the business’s purpose and direction.
- A.
Goal Statement
- B.
Vision Statement
- C.
Mission Statement
Correct Answer
C. Mission Statement -
- 7.
The duty of a business to contribute to the well-being of society.
- A.
Social Responsibility
- B.
Business Ethics
- C.
Code of Ethics
Correct Answer
A. Social Responsibility -
- 8.
The set of moral principles by which people conduct themselves personally, socially, or professionally
- A.
Social Responsibility
- B.
Ethics
- C.
Stakeholders
Correct Answer
B. Ethics -
- 9.
The total market value of all goods and services produced within a country in a year:
- A.
Gross International Product
- B.
Output
- C.
Gross Domestic Product
Correct Answer
C. Gross Domestic Product -
- 10.
A share of ownership in a business.
- A.
Yield
- B.
Stock
- C.
Capital Gain
Correct Answer
B. Stock -
- 11.
Production involves:
- A.
Making a Product
- B.
Providing a Service
- C.
All Choices are Correct
Correct Answer
C. All Choices are Correct -
- 12.
Any business that is operated by one or few individuals is considered a:
- A.
Fortune 500 Company
- B.
Small Business
- C.
Focus Group
Correct Answer
B. Small Business -
- 13.
What type of firms produce goods?
- A.
Service Firms
- B.
Manufacturing Firms
- C.
Commercial Businesses
Correct Answer
B. Manufacturing Firms -
- 14.
Someone who starts, manages, and owns a business.
- A.
Entreprenuer
- B.
Intraprenuer
- C.
Output
Correct Answer
A. Entreprenuer -
- 15.
A product made in Europe would be an example of a:
- A.
Domestic Product
- B.
Franchise
- C.
Foreign Product
Correct Answer
C. Foreign Product -
- 16.
Intangible products that use mostly labor to satisfy consumer needs.
- A.
Mass Production
- B.
Service
- C.
Business
Correct Answer
B. Service -
- 17.
An organization that produces or distributes a good or service for profit.
- A.
Business
- B.
Mass Production
- C.
Finance
Correct Answer
A. Business -
- 18.
Putting your money to use in order to make money on it.
- A.
Investing
- B.
Interest
- C.
Yield
Correct Answer
A. Investing -
- 19.
The duty to do what is best for the good of society
- A.
Ethics
- B.
Business Ethics
- C.
Social Responsibility
Correct Answer
C. Social Responsibility -
- 20.
Requires men and women to be paid the same wages for doing equal work
- A.
Equal Pay Act
- B.
Environmental Protection Agency
- C.
Food and Drug Administration
Correct Answer
A. Equal Pay Act -
- 21.
When an economy produces more goods than people want, it has to lower prices and cut production. This causes _________
- A.
Inflation
- B.
Deflation
- C.
Budget Deficit
Correct Answer
B. Deflation -
- 22.
In a ________ a central authority makes the key economic decisions.
- A.
Command Economy
- B.
Mixed Economy
- C.
Market Economy
Correct Answer
A. Command Economy -
- 23.
Labor is an example of what type of resource?
- A.
Natural
- B.
Human
- C.
Capital
Correct Answer
B. Human -
- 24.
There is an economic problem that consists of unlimited wants and limited________
- A.
Goods
- B.
Resources
- C.
Services
Correct Answer
B. Resources -
- 25.
When a business is tempted to put profits before social welfare
- A.
Business Ethics
- B.
Conflict of Interest
- C.
Social Responsibility
Correct Answer
B. Conflict of Interest -
- 26.
What is the name of this course?
- A.
Principles of Business
- B.
Principles of Business, Marketing and Finance
- C.
Principles of Business and Marketing
Correct Answer
B. Principles of Business, Marketing and Finance -
- 27.
Wal-Mart, Polo Ralph Lauren, and Foot Locker are all examples of goods businesses.
- A.
True
- B.
False
Correct Answer
A. True -
- 28.
Beauty salons, barbershops, and lawn mowing businesses are all examples of goods businesses.
- A.
True
- B.
False
Correct Answer
B. False -
- 29.
An advertistment on the side of a city bus is an example of transit advertising.
- A.
True
- B.
False
Correct Answer
A. True -
- 30.
Churches, The American Red Cross, and Meals on Wheels are all examples of non-profit organizations.
- A.
True
- B.
False
Correct Answer
A. True -
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Feb 18, 2013Quiz Edited by
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May 29, 2012Quiz Created by
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