Business Buzzwords Beware—This Business Terms Trivia Is Brutal
1.
What term is used to describe one company purchasing the assets of another company?
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Answer:
Acquisition Of Assets
Explanation:
An acquisition of assets refers to one company purchasing the assets of another company. This process can involve acquiring tangible assets such as equipment and property, as well as intangible assets like intellectual property and brand names. This term is commonly used in business and finance to describe the transfer of ownership of assets from one entity to another.
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2.
What acronym is used to refer to adjustable rate preferred stock?
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Answer:
ARPS
Explanation:
ARPS stands for Adjustable Rate Preferred Stock, which is a type of preferred stock where the dividend rate is not fixed but instead adjusts periodically based on a specific benchmark or index. This acronym is commonly used in the financial industry to refer to this particular type of investment instrument.
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3.
Submitted invoices for mileage reimbursement, meals, and cab fare are classified as what?
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Answer:
Expenses
Explanation:
Submitted invoices for mileage reimbursement, meals, and cab fare are classified as expenses because they represent costs incurred by an individual or organization in order to conduct business activities. These expenses are typically recorded and reimbursed to ensure accurate financial reporting and to track the costs associated with conducting business.
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4.
What evidence does a firm hold to show they own goods stored in a warehouse?
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Answer:
Warehouse Receipt
Explanation:
A warehouse receipt is a document issued by the warehouse operator to the owner of goods stored in the warehouse. It serves as evidence of ownership and provides details such as the quantity and description of the goods stored. By presenting the warehouse receipt, the firm can prove that they are the rightful owner of the goods stored in the warehouse.
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5.
What is the daily number of shares of a security that change hands between a buyer and a seller called?
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Answer:
Volume
Explanation:
Volume refers to the total number of shares of a security that are traded between buyers and sellers on a daily basis. It is a measure of market activity and liquidity, indicating the level of interest in a particular security. The higher the volume, the more actively traded the security is. Volume is an important indicator for investors and traders to assess market trends and potential price movements.
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6.
Non-payment of a mortgage results in what action taken by the bank?
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Answer:
Foreclosure
Explanation:
When a borrower fails to make payments on their mortgage, the bank can take legal action to repossess the property in order to recover the outstanding debt. This process is known as foreclosure. During foreclosure, the bank will sell the property in order to recoup the money owed on the mortgage.
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7.
Who earns a commission in a stock transaction?
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Answer:
Broker
Explanation:
In a stock transaction, a broker earns a commission for facilitating the buying and selling of stocks on behalf of their clients. The commission is a fee charged by the broker for their services in executing the trade and providing investment advice. This compensation is how brokers make money and generate revenue for their services in the stock market.
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8.
What does "WACC" mean in financial terms?
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Answer:
Weighted Average Cost Of Capital
Explanation:
WACC stands for Weighted Average Cost of Capital, which is a financial metric used to calculate the average cost of a company's various sources of financing, taking into account the proportion of each source in the company's capital structure. It is an important tool for companies to evaluate the cost of raising funds and make decisions regarding investments or capital projects. By considering both debt and equity, WACC provides a comprehensive view of the overall cost of capital for a company.
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9.
What do Wall Street firms do?
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Answer:
Buy And Sell Securities
Explanation:
Wall Street firms primarily engage in buying and selling securities, such as stocks, bonds, and other financial instruments, on behalf of clients or for their own investment purposes. They act as intermediaries in the financial markets, facilitating the trading of these securities to help investors achieve their financial goals and manage risk. This activity generates revenue for the firms through commissions, fees, and spreads on transactions.
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10.
What does a warehouse receipt provide in financial terms?
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Answer:
Evidence Of Ownership Of Goods
Explanation:
A warehouse receipt serves as evidence of ownership of goods stored in a warehouse. It provides a financial benefit by allowing the holder to prove their ownership of the goods, which can be used as collateral for loans or as proof of assets for financial transactions. This document helps in facilitating trade and securing financing by providing a tangible proof of the value of the goods in storage.
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11.
If something is a wash, what does that mean?
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Answer:
Gain Equals Losses
Explanation:
This expression means that after considering all factors, the result is neutral or breaks even. In other words, any gains are offset by losses, resulting in no overall benefit or detriment. It implies that there is no net gain or loss in the situation.
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12.
What is the release of information before official public announcement?
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Answer:
Leakage
Explanation:
Leakage refers to the release of information before an official public announcement. This can occur through various means such as unauthorized disclosure by individuals with access to the information or through hacking of secure systems. Leakage can have serious consequences including impacting the integrity of the information, causing market disruptions, or compromising security measures.
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13.
What is a long-term rental agreement?
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Answer:
Lease
Explanation:
A long-term rental agreement, also known as a lease, is a contract between a landlord and tenant that outlines the terms and conditions of renting a property for an extended period of time. This agreement typically includes details such as the duration of the rental, monthly rent amount, responsibilities of both parties, and any restrictions or rules that must be followed during the tenancy. A lease provides security and stability for both the landlord and tenant, ensuring that the rental arrangement is legally binding and protects the rights of both parties.
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14.
In what state is Wall Street located?
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Answer:
New York
Explanation:
Wall Street is located in New York because New York City is considered the financial capital of the United States, and Wall Street is the epicenter of the country's financial district. It is home to the New York Stock Exchange and numerous financial institutions, making it a hub for banking, investing, and trading activities.
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15.
In accounting terms, how long is "long term" considered to be?
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Answer:
One Year Or More
Explanation:
In accounting, "long term" is typically considered to be a period of one year or more. This distinction is important because it helps differentiate between short-term assets or liabilities that are expected to be settled within the next year, and long-term assets or liabilities that will be held or due for longer than a year. This classification is essential for financial reporting and decision-making purposes.
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16.
In financial terms, what is a CD?
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Answer:
Certificate Of Deposit
Explanation:
A Certificate of Deposit (CD) is a financial product offered by banks and credit unions that typically pays a higher interest rate than a regular savings account. When you purchase a CD, you are essentially lending money to the financial institution for a fixed period of time, ranging from a few months to several years. In return, the institution pays you interest on the money deposited. CDs are considered low-risk investments as they are insured by the Federal Deposit Insurance Corporation (FDIC) up to a certain limit.
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17.
A cost that fluctuates is known as a what?
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Answer:
Variable Cost
Explanation:
Variable costs are expenses that change in direct proportion to the level of production or sales. These costs fluctuate based on the volume of goods or services produced by a business. Unlike fixed costs, which remain constant regardless of production levels, variable costs increase or decrease as production increases or decreases. This makes variable costs a key component in determining the overall cost structure of a business and can have a significant impact on profitability.
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18.
What sort of capital is sought for promising new companies?
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Answer:
Venture Capital
Explanation:
Venture capital is sought for promising new companies because it provides funding to startups and small businesses that have high growth potential but may not have access to traditional forms of financing. Venture capitalists are willing to take on the risk of investing in these early-stage companies in exchange for equity ownership, with the hope of achieving significant returns on their investment in the long run.
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19.
What are stocks traded on an exchange called?
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Answer:
Listed
Explanation:
Stocks that are traded on an exchange are referred to as "listed" because they have met the requirements to be included on that specific exchange for trading. Being listed allows the stocks to be easily bought and sold by investors on the exchange, providing liquidity and transparency to the market.
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20.
Bid and asked prices are quoted in what kind of trade market?
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Answer:
Two-Sided
Explanation:
In a two-sided trade market, bid and asked prices are quoted to show the prices at which buyers are willing to purchase and sellers are willing to sell a particular asset or security. This allows for transparency and liquidity in the market, as traders can easily see the prices at which they can buy or sell, facilitating efficient transactions.
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21.
What does a liquid asset easily and cheaply turn into?
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Answer:
Cash
Explanation:
A liquid asset easily and cheaply turns into cash because it can be quickly sold or converted into currency without significantly impacting its value. This liquidity makes it a preferred form of asset for individuals and businesses to hold as it provides easy access to funds in times of need or for investment opportunities.
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22.
The general direction of the market is known as a what?
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Answer:
Trend
Explanation:
A trend refers to the general direction in which the market is moving over a period of time. It represents the overall sentiment and momentum of the market, whether it is moving upwards (bullish trend), downwards (bearish trend), or sideways (sideways trend). Traders and investors use trends to make informed decisions about when to buy or sell assets based on the current market conditions.
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23.
What does the term P&L stand for?
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Answer:
Profit And Loss
Explanation:
P&L stands for Profit And Loss, which is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time. It provides insights into the financial performance of a business by showing whether it has made a profit or incurred a loss. This statement is crucial for assessing the overall health and profitability of a company.
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24.
What is shared ownership among two or more individuals?
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Answer:
Partnership
Explanation:
Shared ownership among two or more individuals is commonly known as a partnership. In a partnership, individuals come together to jointly own and operate a business or asset. Each partner shares in the profits, losses, and responsibilities of the partnership according to the terms of their agreement. This structure allows for shared decision-making and division of work among the partners, making it a popular choice for small businesses and joint ventures.
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25.
Buying and selling securities is called what?
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Answer:
Trading
Explanation:
Trading refers to the act of buying and selling securities, such as stocks, bonds, or commodities, in financial markets. It involves the exchange of assets between buyers and sellers with the goal of making a profit based on price fluctuations. Trading can be done by individual investors, institutional investors, or professional traders, and can take place on various platforms including stock exchanges, over-the-counter markets, or online trading platforms.
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26.
Where on the trading floor does the trading of commodities take place?
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Answer:
Pit
Explanation:
The trading of commodities takes place in the pit on the trading floor because this is where traders physically gather to buy and sell commodities through open outcry. The pit is a designated area where traders can communicate and negotiate prices with hand signals and verbal cues, facilitating the exchange of commodities in real-time.
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27.
Trade credit is given to a firm for what purpose?
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Answer:
Purchase Goods And Services
Explanation:
Trade credit is given to a firm to allow them to purchase goods and services without having to pay for them immediately. It provides a short-term financing option for businesses to maintain cash flow and continue operations without having to rely on immediate payments. This form of credit helps businesses manage their working capital effectively and can also be used to build relationships with suppliers by establishing trust and loyalty through timely payments.
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28.
What does an open agreement lack?
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Answer:
Formal Debt Contract
Explanation:
An open agreement lacks a formal debt contract, which is a legally binding document outlining the terms and conditions of a loan or financial agreement. Without a formal debt contract, there may be ambiguity or misunderstandings regarding the terms of the agreement, making it difficult to enforce or resolve disputes in the future.
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29.
What are the conditions of sell called?
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Answer:
Terms Of Sale
Explanation:
The conditions of sell are referred to as "Terms of Sale." These terms outline the specific agreements and conditions that both the buyer and seller must adhere to during a transaction. They typically include details such as payment terms, delivery terms, warranties, and any other relevant information that governs the sale of goods or services.
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30.
A firm that's the object of a takeover is called a what?
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Answer:
Target Firm
Explanation:
In a takeover situation, the firm that is being pursued or acquired by another company is commonly referred to as the "target firm". This term is used to describe the company that is the focus of the acquisition attempt and is being targeted for purchase or control by the acquiring entity.
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31.
A group of banks that work together to achieve a goal is called a what?
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Answer:
Syndicate
Explanation:
A syndicate is a group of banks that come together to collaborate and work towards a common goal, such as underwriting a large loan or financing a major project. By pooling their resources and expertise, banks in a syndicate can spread out the risk and share the financial burden of a particular transaction, allowing them to take on larger deals than they would be able to handle individually.
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32.
Structured debt has been what?
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Answer:
Customized For Buyer
Explanation:
Structured debt has been customized for the buyer to meet their specific needs and requirements. This type of debt is tailored to the buyer's financial situation, risk tolerance, and investment goals. By customizing the debt, it allows the buyer to have more control and flexibility over the terms and conditions of the loan, ultimately creating a more personalized and beneficial financial arrangement.
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33.
What does stockout mean?
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Answer:
Running Out Of Inventory
Explanation:
Stockout refers to the situation when a business runs out of inventory for a particular product. This can happen due to various reasons such as unexpected increase in demand, supply chain disruptions, or inaccurate forecasting. Stockouts can lead to lost sales, decreased customer satisfaction, and damage to the company's reputation. It is crucial for businesses to effectively manage their inventory levels to avoid stockouts and ensure smooth operations.
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34.
What name is used for someone who holds shares in a firm?
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Answer:
Stockholder
Explanation:
A person who holds shares in a firm is commonly referred to as a stockholder because they own a portion of the company's stock, representing ownership in the company and entitling them to certain rights such as voting at shareholder meetings and receiving dividends.
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35.
What is the stock market?
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Answer:
Market For Trading Equities
Explanation:
The stock market is a place where equities, or stocks, are bought and sold. It provides a platform for companies to raise capital by issuing shares to investors, and for investors to buy and sell these shares in order to potentially earn a return on their investment. The stock market plays a crucial role in the economy by facilitating the flow of capital between businesses and investors, and by providing a mechanism for companies to grow and expand.
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36.
What acronym refers to the New York Stock Exchange?
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Answer:
NYSE
Explanation:
The acronym "NYSE" stands for the New York Stock Exchange, which is the largest stock exchange in the world by market capitalization. It is a popular platform where securities are bought and sold by investors, including stocks, bonds, and other financial instruments. The NYSE plays a crucial role in the global economy by providing a regulated marketplace for companies to raise capital and for investors to trade securities.
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37.
Someone who holds a financial interest in a firm is called a what?
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Answer:
Stakeholder
Explanation:
A stakeholder is someone who holds a financial interest in a firm as they have a stake in the success and performance of the company. This can include shareholders, employees, customers, suppliers, and even the community in which the firm operates. Stakeholders have a vested interest in the company's activities and decisions, as they can directly impact their financial well-being or reputation.
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38.
Someone who speculates in the market hopes to make a what?
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Answer:
Profit
Explanation:
A person who speculates in the market hopes to make a profit by buying and selling assets at opportune times to capitalize on price fluctuations. This involves taking calculated risks in the hopes of gaining financial returns. Profit is the ultimate goal of speculation in the market, as individuals aim to generate income through their investment decisions.
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39.
If you span something in finance, what are you covering?
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Answer:
All Contingencies In A Range
Explanation:
When you span something in finance, you are covering all contingencies within a range. This means that you are taking into account all possible outcomes or variables that could affect a financial situation or decision. By considering all contingencies in a range, you are able to make more informed and comprehensive financial decisions that take into account potential risks and uncertainties.
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40.
How many people own a sole proprietorship business?
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Answer:
One
Explanation:
A sole proprietorship business is owned and operated by a single individual. This means that only one person owns a sole proprietorship business, as there are no partners or shareholders involved in the ownership structure.
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41.
What is currency that's expected to drop in value in comparison to others?
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Answer:
Soft Currency
Explanation:
A soft currency is one that is expected to decrease in value compared to other currencies. This can be due to various factors such as economic instability, political uncertainty, or high inflation rates. Investors may avoid holding soft currencies as they are considered risky and may lead to losses in the foreign exchange market.
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42.
The process of conveying info through a firm's actions is called a what?
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Answer:
Signal
Explanation:
Firms convey information through their actions to communicate their intentions, capabilities, and strategies to various stakeholders. This process of conveying information is known as signaling. Signals can be both intentional and unintentional, and they play a crucial role in shaping perceptions and expectations about a firm's behavior and performance in the market. By interpreting these signals, stakeholders can make informed decisions about their interactions with the firm.
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43.
The exchange in Singapore is known as what?
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Answer:
SIMEX
Explanation:
SIMEX is the abbreviation for Singapore International Monetary Exchange. It is a futures and options exchange in Singapore, known for trading a variety of financial products including stock index futures, interest rate futures, and foreign exchange futures. The exchange plays a significant role in the global financial market and is recognized for its innovation and efficiency in trading.
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44.
Dow Jones reports what mathematical component?
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Answer:
Average
Explanation:
Dow Jones reports the average value of a specific group of stocks, providing investors with a general idea of how the overall market is performing. This average is calculated by adding up the values of all the stocks in the index and dividing by the total number of stocks, giving a snapshot of the market's overall health and direction.
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45.
A financial plan for the upcoming year is called what kind of plan?
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Answer:
Short-Term
Explanation:
A financial plan for the upcoming year is typically considered a short-term plan because it focuses on a specific period of time, usually one year. Short-term plans are often more detailed and specific compared to long-term plans, which cover a broader time frame. This allows for a more focused approach to achieving financial goals within a shorter period of time.
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46.
What does the abbreviation "Inc." stand for?
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Answer:
Incorporated
Explanation:
The abbreviation "Inc." stands for Incorporated, which is used to denote that a business entity has been registered as a corporation. This designation indicates that the company is a separate legal entity from its owners and has limited liability. Incorporation provides benefits such as tax advantages, increased credibility, and potential for growth and expansion.
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47.
Payments that come in to a company fall into what category?
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Answer:
Accounts Receivable
Explanation:
Payments that come into a company are categorized as Accounts Receivable because they represent money that is owed to the company by its customers or clients. This category includes all payments that are due to the company for goods or services that have already been provided, but the payment has not been received yet. Therefore, Accounts Receivable represents the company's right to receive payment for its sales or services.
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48.
An account that is held by two or more persons or companies, is what type of account?
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Answer:
Joint
Explanation:
A joint account is held by two or more persons or companies, allowing multiple individuals or entities to have ownership and access to the funds in the account. This type of account is commonly used by spouses, business partners, or family members who want to share financial responsibilities and access to the account.
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49.
A loan that comes due with one last, large payment, is referred to as what type of payment?
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Answer:
Balloon
Explanation:
A loan with a balloon payment requires the borrower to make regular payments for a set period of time, followed by one final large payment to pay off the remaining balance. This type of payment structure is often used for loans with lower monthly payments but a significant lump sum due at the end of the term.
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50.
What does owning a share of stock represent?
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Answer:
Ownership In Corporation
Explanation:
Owning a share of stock represents ownership in a corporation, as each share represents a portion of ownership in the company. Shareholders have certain rights, such as voting in corporate decisions and receiving dividends, based on the number of shares they own. Additionally, owning stock allows investors to potentially benefit from the company's financial performance through capital appreciation.
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51.
In business, what does "B2B" stand for?
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Answer:
Business To Business
Explanation:
B2B stands for Business To Business, which is a term used to describe transactions between businesses, rather than between a business and a consumer. This type of commerce typically involves the sale of products or services from one business to another, and often involves larger quantities and more complex negotiations than B2C (Business To Consumer) transactions.
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52.
A statement of financial transactions resulting in a summary of assets and liabilities is called what?
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Answer:
Balance Sheet
Explanation:
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It summarizes the company's assets, liabilities, and shareholders' equity, giving a clear picture of what the company owns and owes. This document is crucial for investors, creditors, and other stakeholders to assess the financial health and stability of the company.
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53.
What determines a shareholder's equity?
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Answer:
Assets Minus Liabilities
Explanation:
Shareholder's equity is determined by subtracting the company's total liabilities from its total assets. This calculation represents the amount of the company's assets that actually belong to the shareholders after all debts and obligations have been paid off. It is essentially the net worth of the company from the shareholders' perspective.
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54.
When a bank offers to extend money to a customer, it is done with what?
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Answer:
Line Of Credit
Explanation:
When a bank offers to extend money to a customer, it is typically done through a line of credit. A line of credit is a preset amount of money that a bank or financial institution agrees to lend to a customer. The customer can then borrow from this line of credit as needed, up to the approved limit, and only pay interest on the amount borrowed. This provides flexibility and easy access to funds for the customer.
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55.
When payment is made for a trade, what is that known as?
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Answer:
Settlement
Explanation:
Settlement refers to the process of transferring funds or assets from a buyer to a seller in exchange for goods or services. In the context of a trade, payment is made during the settlement process to complete the transaction. This ensures that both parties fulfill their obligations and the trade is successfully finalized.
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56.
How does a person move funds from one bank account to another?
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Answer:
Bank Wire
Explanation:
A person can move funds from one bank account to another by using a bank wire transfer. This involves electronically transferring money from one bank account to another, typically through a secure system provided by the banks involved. This method is commonly used for transferring large sums of money quickly and securely between different accounts.
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57.
In regards to payment, what does seniority mean?
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Answer:
Order Of Repayment
Explanation:
Seniority in regards to payment refers to the order in which debts or obligations are repaid. Those with higher seniority are typically paid before those with lower seniority in the event of bankruptcy or default. This ensures that creditors with seniority are given priority in receiving payment over other creditors.
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58.
What is a Masters degree in Business Administration commonly called?
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Answer:
MBA
Explanation:
A Masters degree in Business Administration is commonly referred to as an MBA. This abbreviation is widely recognized and used within the business and academic communities to denote a specific level of education and expertise in the field of business management and administration.
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59.
Having a secured debt means you have what?
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Answer:
First Claim On Specific Assets
Explanation:
Having a secured debt means that the lender has the first claim on specific assets owned by the borrower in case of default. This gives the lender the right to seize and sell the specified assets to recover the outstanding debt. This provides the lender with a higher level of security compared to unsecured debt, as they have a specific collateral to rely on in case of non-payment.
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60.
Which U.S. agency regulates the securities industry?
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Answer:
Securities And Exchange Commission
Explanation:
The Securities and Exchange Commission (SEC) is the U.S. agency responsible for regulating the securities industry. It oversees securities exchanges, securities brokers and dealers, investment advisors, and mutual funds to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. The SEC enforces federal securities laws and regulations to ensure transparency and integrity in the financial markets.
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61.
What color goes with "chip" to describe a large, national company with a solid record of earnings?
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Answer:
Blue
Explanation:
Blue is often associated with trust, stability, and professionalism, making it a fitting color to pair with "chip" to describe a large, national company with a solid record of earnings. This combination conveys a sense of reliability and success, which are important qualities for a reputable company in the business world.
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62.
What is the return paid on savings deposits called?
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Answer:
Interest
Explanation:
Interest is the return paid on savings deposits by financial institutions to account holders. It is calculated as a percentage of the principal amount deposited and is typically paid out periodically, such as monthly or annually. Interest is a key factor in incentivizing individuals to save money and allowing financial institutions to generate revenue through lending out deposited funds.
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63.
Where are GL accounts found?
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Answer:
General Ledger
Explanation:
GL accounts are found in the General Ledger because the General Ledger is a complete record of all financial transactions for a company, organized by account. Each account in the General Ledger represents a specific aspect of the company's financial activities, such as assets, liabilities, revenue, and expenses. Therefore, GL accounts are located within the General Ledger to provide a comprehensive overview of the company's financial position and performance.
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64.
The Samurai market is located where?
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Answer:
Japan
Explanation:
The Samurai market is located in Japan because the Samurai were a class of highly skilled warriors in feudal Japan, known for their strict code of honor and loyalty to their masters. The market likely sells goods related to Japanese culture and history, specifically catering to those interested in Samurai history and artifacts.
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65.
What term refers to the scrap value of plant and equipment?
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Answer:
Salvage Value
Explanation:
Salvage value is the term used to describe the scrap value of plant and equipment. This value represents the estimated amount that could be received from selling the asset at the end of its useful life. It is an important consideration in determining the depreciation of an asset and plays a role in calculating the overall value of the asset over time.
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66.
What type of loan is issued during the interim between one financial arrangement and another?
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Answer:
Bridge Loan
Explanation:
A bridge loan is a short-term loan that is used to bridge the gap between one financial arrangement and another. This type of loan is typically used when a borrower needs immediate financing but is waiting for a longer-term loan or other funding to become available. Bridge loans are often used in real estate transactions to cover expenses until permanent financing can be secured.
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67.
What type of tax is shown on a W-4 form?
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Answer:
Personal Income Tax
Explanation:
The W-4 form is used by employees to indicate how much federal income tax should be withheld from their paychecks. This form specifically deals with personal income tax, as it is based on an individual's earnings and deductions. By filling out the W-4 form accurately, employees can ensure that the correct amount of personal income tax is withheld from their pay.
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68.
The person who is chosen to receive monies from a trust or insurance policy is named as what?
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Answer:
Beneficiary
Explanation:
A beneficiary is the individual who is designated to receive money or assets from a trust or insurance policy. This person is chosen by the policyholder or grantor to benefit from the funds or assets upon a specified event, such as death or reaching a certain age. The beneficiary has a legal right to receive the benefits outlined in the trust or insurance policy.
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69.
The future of a risky asset is what?
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Answer:
Uncertain
Explanation:
The future of a risky asset is uncertain because there are various factors that can influence its performance, such as market conditions, economic indicators, and company-specific events. Due to the unpredictable nature of these variables, it is difficult to accurately predict how a risky asset will behave in the future. This uncertainty is what makes investing in risky assets inherently risky and requires careful consideration and risk management strategies.
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70.
What is the common term for the general rising level of prices for goods and services?
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Answer:
Inflation
Explanation:
Inflation is the term used to describe the general rise in prices for goods and services over time. This phenomenon reduces the purchasing power of a currency, leading to an increase in the cost of living for consumers. Inflation can be caused by various factors such as increased demand, production costs, or the money supply exceeding economic growth. Central banks often aim to keep inflation at a stable and manageable rate to ensure economic stability and growth.
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71.
If insensitive to risk, something is called risk what?
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Answer:
Neutral
Explanation:
If someone is insensitive to risk, they may be considered neutral towards it because they do not perceive or react to risks in the same way that others might. This neutrality could lead them to make decisions without considering potential dangers or consequences, as they are not influenced by the fear or caution typically associated with risk.
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72.
Companies protect their patents, research, formulas and knowledge, also known as what?
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Answer:
Intellectual Property
Explanation:
Companies protect their patents, research, formulas, and knowledge under the umbrella term of "Intellectual Property". This term encompasses intangible assets that are the result of creativity and innovation, giving companies the exclusive rights to use and profit from their creations. By safeguarding their intellectual property, companies can maintain a competitive edge in the market and prevent others from using or reproducing their ideas without permission.
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73.
The degree of uncertainty of return is known as the what?
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Answer:
Risk Involved
Explanation:
The degree of uncertainty of return is known as risk involved because it refers to the potential for loss or harm that may result from an investment or decision. Risk involved encompasses the possibility of losing some or all of the initial investment, as well as the potential for fluctuations in return. Understanding and managing risk involved is crucial for making informed financial decisions and achieving investment goals.
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74.
If a company operates their accounting from July 1 to June 30, that is called their what?
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Answer:
Fiscal Year
Explanation:
A fiscal year is a 12-month period that a company uses for financial reporting and budgeting purposes. It typically does not coincide with the calendar year, and companies may choose a fiscal year that aligns with their business cycle. In this case, the company operates their accounting from July 1 to June 30, which is considered their fiscal year. This allows the company to track their financial performance and make strategic decisions based on this specific timeframe.
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75.
In the business world, what does ROI mean?
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Answer:
Return On Investment
Explanation:
ROI in the business world refers to the measure of the profitability of an investment. It is a financial metric used to evaluate the efficiency and potential profitability of an investment, indicating the return received relative to the cost of the investment. A high ROI indicates that the investment gains compare favorably to its cost, while a low ROI suggests that the investment may not be profitable.ROI is a crucial factor in decision-making processes for businesses as it helps to assess the success and effectiveness of investments.
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76.
What is it called when price movement moves opposite of previous trend?
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Answer:
Retracement
Explanation:
When price movement moves opposite of the previous trend, it is referred to as a retracement. This means that after a significant price movement in one direction, there is a temporary reversal in the opposite direction before the trend continues. Retracements are often seen as opportunities for traders to enter the market at a better price before the trend resumes.
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77.
If you retire a debt, what have you done?
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Answer:
Paid It Off Somehow
Explanation:
Retiring a debt means that you have fully paid off the amount owed, typically through regular payments or a lump sum. This action eliminates the financial obligation and closes the account associated with the debt. By retiring a debt, you have successfully fulfilled your financial responsibility and are no longer indebted to the lender.
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78.
A company (or division) that generates a steady and significant amount of cash flow is called what?
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Answer:
Cash Cow
Explanation:
A company (or division) that generates a steady and significant amount of cash flow is referred to as a "Cash Cow" because it consistently produces profits without requiring substantial investment or resources. This term is often used in the context of the Boston Consulting Group's growth-share matrix to describe businesses that have reached a mature stage and continue to generate high levels of revenue.
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79.
What is retail credit used for by consumers?
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Answer:
To Buy Goods And Services
Explanation:
Retail credit is used by consumers to purchase goods and services that they may not be able to afford upfront. This type of credit allows consumers to make purchases and pay back the amount over time, often with added interest. Retail credit is commonly used for big-ticket items such as electronics, furniture, clothing, and other consumer goods. It provides consumers with the flexibility to make purchases without having to pay the full amount at the time of purchase.
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80.
What does a company pay to its shareholders when it is showing a profit?
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Answer:
Dividend
Explanation:
When a company is showing a profit, it pays a portion of that profit to its shareholders in the form of dividends. Dividends are a way for companies to share their financial success with their shareholders, providing them with a return on their investment in the company. This payment is often seen as a reward for investing in the company and can help attract and retain investors.
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81.
What type of covenant places constraints on borrowers?
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Answer:
Restrictive
Explanation:
Restrictive covenants are agreements that place limitations or constraints on borrowers, typically in the form of financial obligations or restrictions on certain activities. These covenants are designed to protect the lender by ensuring that the borrower complies with certain conditions, such as maintaining a certain level of financial stability or refraining from taking certain actions that could jeopardize the loan.
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82.
Net income for a company is reflected in what?
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Answer:
Earnings
Explanation:
Net income for a company is reflected in its earnings, which is the amount of profit left after all expenses, taxes, and interest have been deducted from the company's total revenue. Earnings are a key indicator of a company's financial performance and are often used by investors and analysts to evaluate the profitability and viability of the business.
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83.
What does replacement cost mean?
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Answer:
Cost To Replace Firm's Assets
Explanation:
Replacement cost refers to the amount of money required to replace a firm's assets with similar items in the current market. This cost includes the expenses associated with purchasing new assets, such as equipment, machinery, or property, at their current market value. It is an important concept in accounting and insurance, as it helps to determine the true value of a firm's assets and ensure that they are adequately covered in case of loss or damage.
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84.
The environment in which a firm expects to reside over the life of the financial plan is what?
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Answer:
Economic Assumption
Explanation:
The environment in which a firm expects to reside over the life of the financial plan is referred to as economic assumption. This includes factors such as inflation rates, interest rates, economic growth, and other macroeconomic variables that can impact the financial performance and decision-making of the firm in the long term. By making accurate economic assumptions, a firm can better anticipate and plan for potential changes in the business environment.
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85.
Information exchanged electronically from one firm's computer to another is termed what?
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Answer:
Electronic Data Interchange
Explanation:
Electronic Data Interchange (EDI) refers to the electronic exchange of business documents between companies in a standardized format. It allows for the seamless transmission of information such as purchase orders, invoices, and shipping notices between different computer systems. EDI helps to streamline business processes, reduce errors, and improve efficiency in supply chain management.
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86.
REIT deals with investments in what?
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Answer:
Real Estate
Explanation:
REIT stands for Real Estate Investment Trust, which deals with investments in real estate properties. This type of investment allows individuals to invest in a portfolio of income-producing real estate assets, such as commercial buildings, residential properties, and shopping centers, without having to directly own or manage the properties themselves. By investing in REITs, individuals can benefit from the potential income and capital appreciation that real estate investments can offer.
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87.
What type of retirement options do companies typically offer employees?
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Answer:
401(k)
Explanation:
Companies typically offer employees retirement options such as a 401(k) plan, which allows employees to contribute a portion of their salary to a retirement account that is often matched by the employer. This type of retirement plan provides employees with a tax-advantaged way to save for retirement and helps ensure financial security in their later years.
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88.
If something is refundable, it means it's eligible for a what?
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Answer:
Refund
Explanation:
When something is described as refundable, it means that it is eligible to be returned or given back in the form of a refund. This implies that if the item does not meet the satisfaction of the buyer or if there is a change in circumstances, the buyer has the option to receive their money back.
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89.
A periodic review of a company's financial transactions is done through what?
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Answer:
Audit
Explanation:
A periodic review of a company's financial transactions is done through an audit, which involves an independent examination of the financial records, statements, and operations to ensure accuracy, compliance with regulations, and integrity of the financial reporting process. Audits help identify any discrepancies, errors, or fraudulent activities, providing stakeholders with assurance that the company's financial information is reliable and trustworthy.
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90.
If you have recourse against a company, it means you have a general what?
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Answer:
Claim Against Them
Explanation:
Having recourse against a company means that you have a general claim against them. This implies that you have the legal right to seek compensation or remedy for any harm or wrongdoing caused by the company. It gives you the ability to take legal action to protect your rights and interests in a situation where the company is at fault or has breached an agreement.
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91.
Business standards of conduct are also known as what?
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Answer:
Ethics
Explanation:
Business standards of conduct are commonly referred to as ethics. Ethics encompass the principles and values that guide individuals and organizations in making decisions and conducting themselves in an ethical manner. Adhering to ethical standards in business helps to build trust with stakeholders, maintain a positive reputation, and contribute to long-term success and sustainability.
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92.
What department is usually involved in hiring employees?
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Answer:
Human Resources
Explanation:
Human Resources departments are typically responsible for the recruitment and hiring process within an organization. They manage job postings, screen candidates, conduct interviews, and make job offers to potential employees. Additionally, HR departments handle all aspects of employee onboarding, including paperwork, benefits enrollment, and training. Their role in the hiring process ensures that the organization complies with employment laws and regulations while also finding the best candidates to meet the company's needs.
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93.
Real exchange rates have been adjusted for what between countries?
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Answer:
Inflation
Explanation:
Real exchange rates have been adjusted for inflation between countries in order to provide a more accurate comparison of purchasing power. Inflation can affect the value of a country's currency and impact the prices of goods and services, making it important to adjust exchange rates to reflect these changes. By accounting for inflation, real exchange rates allow for a more meaningful comparison of the relative value of currencies across different countries.
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94.
What is meant by a range of prices?
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Answer:
High And Lows Recorded
Explanation:
A range of prices refers to the highest and lowest prices that have been recorded for a particular item or asset within a specified period of time. This information is important for investors and traders to understand the volatility and potential fluctuations in the market value of the item or asset. By knowing the range of prices, individuals can make more informed decisions about buying or selling based on the historical price movements.
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95.
A contract that prohibits an employee from switching to a competing company, is called what?
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Answer:
Non-competitive Agreement
Explanation:
A non-competitive agreement is a contract that restricts an employee from joining a competitor after leaving their current employer. This type of agreement is often used to protect a company's trade secrets, confidential information, and client relationships from being exploited by former employees at a rival company. It helps to prevent unfair competition and maintain the competitive advantage of the employer in the market.
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96.
The price of one country's currency for another country's currency depends on what?
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Answer:
Exchange Rate
Explanation:
The price of one country's currency for another country's currency depends on the exchange rate, which is the value at which one currency can be exchanged for another. The exchange rate is influenced by factors such as interest rates, inflation, political stability, and economic performance of the countries involved. Fluctuations in the exchange rate can impact international trade, investment, and tourism.
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97.
A rate lock in mortgages guarantees a specified what for a period of time?
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Answer:
Interest Rate
Explanation:
A rate lock in mortgages guarantees a specified interest rate for a period of time, providing borrowers with protection against fluctuations in interest rates during the loan processing period. This allows borrowers to secure a favorable rate and avoid potential increases in their mortgage payments.
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98.
Allocating the purchase cost of an asset over its lifetime, takes what into consideration?
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Answer:
Depreciation
Explanation:
Depreciation is the process of allocating the purchase cost of an asset over its useful life. By spreading out the cost over time, depreciation reflects the decrease in value of the asset as it is used. This allows for a more accurate representation of the asset's true value on the company's financial statements and helps to match expenses with revenues generated by the asset.
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99.
A building and equipment would be considered what type of asset?
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Answer:
Real
Explanation:
A building and equipment would be considered real assets because they are physical, tangible properties that have intrinsic value and can be used to generate income or provide services. Real assets typically include land, buildings, machinery, and equipment that are used in the operations of a business or organization. These assets are essential for the day-to-day functioning of the entity and are typically long-term investments that hold value over time.
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100.
What type of contract is used between a landlord and a renter?
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Answer:
Lease
Explanation:
A lease is a type of contract commonly used between a landlord and a renter to outline the terms and conditions of renting a property. It typically includes details such as the duration of the rental agreement, monthly rent amount, responsibilities of both parties, and any other specific terms agreed upon. This legally binding document helps protect the rights and obligations of both the landlord and the renter throughout the rental period.
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