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| Jane's Steakhouse offers several dishes that inclued peanuts, corn, and beef. Which types of resources are included in the dishes |
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| John specializes in leasing commercial buildings to manufacturing companies. In which type of resource does he specialize? |
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| Several banking institutions have moved to the Charlotte area to take advantage of the many graduates of the financial education programs. Which resource will the graduates provide for the institution? |
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| Ted collects total population data and monetary value of producting products and services for several countries. This information would be useful for which measurement of economic activities? |
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| Several beauty salons experienced fewer customers patronizing their business. As a result, the beauty salon owners released several employees. This information would be useful for which measurement of economic activities? |
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| A group of people planning for a long-term financial goal purchased stock for several companies. This information would be useful for which measurement of economic activities? |
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| A medium-sized company used over $20,000 in credit to expand its inventory in time for seasonal sales. This information would be useful for which measurement of economic activities? |
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| A report about the economy reveals a high unemployment rate for an extended period of time, consumers are buying significantly less goods and services, and many business are closing. Which phase of the business cycle does this report cover? |
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| China has become globally known for its production at a lower cost in the textile industry. It is relied upon by many other countries for textiles. This is an example of what type of ADVANTAGE? |
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| How are balance of trade and balance of payments alike? |
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| They measure trade relations between countries |
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| If a country on the average exports goods valued at $27.5 billion and imports other goods valued at $23.1 billion, this country has a favorable balance of trade because it: |
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| Exports more than it imports |
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| Italy is able to provide various natural resources from the Mediterranean due to its oceanfront. Which main factor of the international business environment is this information about Italy classified? |
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| Citizens of some countries have limited access to goods and services due to international trade restrictions imposed by its government. Which main factor of the international business environment is this information about these countries classified? |
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| Political and legal concerns |
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| A European team has the right to use on its merchandise an American company’s emblem. This is an example of which global marketplace main entry mode? |
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| Bob manages the finances, operations, and all other functions for his landscape business. This ia an example of what type of business? |
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| Joe has an active role as a manager in his business and is well known as one of the owners. This is an example of what type of business ownership? |
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| Pete and Martha’s business was damaged due to a natural disaster. Both of them will be involved with remodeling the business. They both will experience which ADVANTAGE over a sole proprietorship? |
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| Jan prefers business ownership that will allow more than one person to oversee the operation of it. This type of business ownership ADVANTAGE over a sole proprietorship? |
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| Jani coordinated tasks to be completed using the automated report system. This is an example of which function of management? |
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| Sally is responsible for all of ABC Corporation. She does exceptionally well in meeting with the press about the company. This is an example of which level of management? |
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| Tom is expected to enforce policies and procedures that will guide his team in meeting the goals of the company. Tom is performing which level of management? |
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| Danny is known for his expertise in finance. He meets with several managers to make sure he performs his duties efficiently. Danny is performing which level of management? |
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| Joe gave clear details to his employees on what he wanted in the display case. This is an example of which style of leadership? |
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| AW North Carolina Company assembles parts to make transmission components for Toyota vehicles. What type of production is performed? |
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| Altajir bottling company uses water, plastic, and glass to make bottles for its customer, PepsiCo. What type of production is performed? |
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| Some companies use latex, natural rubber, or dry rubber to make solutions for different types of tires. What type of production is performed? |
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| ABC Output Company follows specific instructions on how to make thousands of trumpets. Which type of manufacturing procedure is performed? |
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| John installed two doors that allow servers to enter the kitchen through one door and exit out the other one to minimize accidents. This is an example of which type of business operations? |
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| Many financial institutions are using computerized credit-evaluation systems to determine if applicants are credit worthy. This is an example of what type of technology application? |
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| A-1 Reality Company allows customers to submit desired prices for land and homes online through their personal mobile devices. This is an example of what type of technology application? |
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| Shari has posted several items on a website for other people to buy. She likes this kind of shopping since she can also make purchases of other items on the website too. This is an example of what type of technology application? |
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| Tonya purchased a mouse that naturally conformed to her hand to ease the pain in her elbow she experiences while processing reports. This is an example of what type of concern for using technology? |
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| A plant in China implemented changes that would minimize the pollution of ash from the burning of coal. Which social responsibility is this plant addressing? |
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| Plastics Mold, Inc. requires every employee to wear special boots for protection from heavy objects. Which social responsibility is this company addressing? |
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| Costo Wholesale Company provides all service representatives industrial floor mats to eliminate back and leg injuries. Which social responsibility is this company addressing? |
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| Jamie, who is the manager of one hundred and fifty employees, makes efforts to avoid using descriptive language to describe any employee personally. Which social responsibility is she addressing? |
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| Tim uses a variety of interviewing styles when talking with job candidates. He wants to make sure he eliminates any artificial barriers. Which social responsibility is he addressing? |
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| Chen does in-home demonstrations of water purification systems. This is an example of which marking function? |
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| RBC Centura Bank is offering low interest rate specials to small business owners to assist them in obtaining necessary expansion funds. This is an example of which marking function? |
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| During a seminar, a presenter emphasized the necessity to detoxify the body in order to speed up the metabolism. This is an example of which marking function? |
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| Priceline.com allows customers the value of desired services and set a price he/she is willing to pay. This is an example of which marking function? |
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| A local company purchased products for $15 and used a 60% markup. What is the selling price for the products? |
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| Which is an example of mass promotion? |
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Definition
| Jade's company posted flyers for guest to see about her detox program |
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| Office Max offers shopping opportunities to customers through its stores and website. Which step of the marketing strategy are they performing? |
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| A group of friends is recommending a great new product that another friend should buy. This is an example of which type of consumer information source? |
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| Joe bought a new book online. This is an example of which type of store? |
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| Todd can determine whether his business experienced a loss by using which financial equation? |
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Definition
| Revenue - expenses = profit or loss |
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| Susan projected that her business will need $15,000 for operations until a profit is made. This is an example of what kind of financial planning? |
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| Dell Computer Company determined it is affordable to sell laptops in other colors in addition to its traditional black. This is an example of what kind of financial planning? |
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| Sally determined that her company should reduce its staff. This is an example of what kind of financial planning? |
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| Joni used one of her budgets to see how much money is available to determine whether her business will be able to pay its monthly bills. Which type of budget was used? |
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| Carnival Cruise Line collected an average of $3 million dollars from three cruises. It wants to project whether enough money will be earned to pay expenses. Which type of budget should be used? |
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| From Figure A, what is the total amount of assets? |
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| From Figure A, What is the total amount of owner’s equity? |
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| Beth can find the current value of the owner’s equity of her business on which type of financial statement? |
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| BB&T accepts money from its customers and makes it available for loans. This is an example of which type of financial institution? |
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| Edward prefers a financial institution that has several branches and ATM locations near his home and job? What characteristic(s) of financial institution does he prefer? |
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| A commercial bank has been investing for Mary since she was five years old. Which services of financial institution is being provided? |
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| As investor prefers investing with a financial institution that provides protection from any financial losses he/she may incur. Which characteristic(s) of financial institutions does the investor prefer? |
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| Figure B is an example of which endorsement? |
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| Which number in Figure A refers to the amount of check, in written words? |
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| Which number in Figure A refers to the payee? |
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| An organization agreed to make a deposit into an account for a minimum of six months at an interest rate of 6%. Which savings plan did the organization use? |
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| A local distribution company opened an account that would increase its interest earning rates over a regular savings plan and still allow access to its money any time. Which savings plan did the company use? |
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Term
| How are savings and money market accounts similar? |
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Definition
| Both allow availiable to be withdrawn without penalty |
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| How much interest is earned in the first year on a balance of $1,200 that is compounded at a 6% interest rate? |
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| How much interest is earned on a balance of $1,800 that is compounded at an 8% interest rate for account maintained for one year? |
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| Josh purchased stocks from a company that will allow him to receive payments of dividends at a fixed rate of 5% without any voting rights. Which type of stock does Josh own? |
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| Janis received a second invitation to attend a meeting to vote on proposed changes and officers for a company for which she owns stock shares. Which type of stock does Janis own? |
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Definition
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| How are common and preferred stocks similar? |
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Definition
| Both pay limited divident payments |
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| Because the cost of borrowing money has increased, some potential investors have noticed a change in stock prices. Which economic factor may be impacting the stock prices? |
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| John’s investment funds cover stocks of utility industries and several corporate bonds. He prefers a variety of investments. Which type of investment is he funding? |
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| Nate and Shari purchased a new car from Auto World. Auto World offered the option to pay for the car over a five-year period. Which type of payment option did it offer? |
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| In Figure 1, what is the maturity date for a loan made on January 3 and due in 90 days? |
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| In Figure 1, what is the maturity date for a loan made on January 3 and due in 15 days? |
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| Which is an example of a business establishing a favorable credit rating? |
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Definition
| KIA Plaza paid its debts on time |
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Term
| What do applicants of both business and personal credit have to provide? |
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Definition
| Contact and credit information |
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Term
| Sarah read on a clothing store credit contract the APR was 18%. To which regulation is the store adhering? |
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| Josh received a letter from New York Fashion Inc. stating why he was denied credit by the company. To which regulation did the company adhere? |
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Definition
| Equal Credit Opportunity Act |
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| Ann Taylor Clothing Store promptly addresses any transactions customers claims are incorrect on their statement of account. To which regulation is Ann Taylor Clothing Store adhering? |
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| Ray immediately reported transaction errors he found on his statement of account to Chase Credit Card Company. Which regulation protects Ray while addressing the errors? |
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| Equifax Credit Bureau reported inaccurate information about a credit applicant’s reputation of paying bills. Which regulation protects the applicant while addressing the inaccurate information? |
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Definition
| Fair Credit Reporting Act |
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| Tanya reported that an agency representative insulted her during a telephone conversation about overdue payments. Which regulation did the representative violate? |
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Definition
| Fair Debit Collections Act |
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Term
| While delivering packages to a customer, a UPS driver damaged the company’s truck. This is an example of which type of insurance risk? |
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| While installing a new plug for a stove, an electrician was shocked and burned severely. This is an example of which type of insurance rick? |
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| An automobile company has recalled over three million cars due to acceleration problems. At its expense, the company has agreed to provide all the owners with temporary transportation. This is an example of which type of insurance risk? |
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| Dish Network Satellite Company addresses service disturbances during severe weather storms. This is an example of which type of insurance risk? |
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| A flower company delivered a dozen roses to the wrong customer. The company arranged for another dozen to be delivered to the correct customer. This is an example of which type of insurance risk? |
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| American Airlines cancelled all international flights for two weeks after a volcanic eruption in Iceland. It suffered a $3 million loss due to the cancellation. This is an example of which type of insurance risk? |
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| A company on Ebay.com shipped one cable instead of the dozen ordered by a loyal customer. The company apologized for the mistake and fixed the order. What type of risk is this? |
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Definition
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Term
| An example of a value for a market economy is a : |
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Definition
| Local company choosing to produce gaming software |
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| Which is an example of consumers establishing demand? |
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Definition
| The purchase of iPhone applications increasing daily |
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| Carnival promotes predominately to potential first-time cruisers about its many dining facilities, fitness center, and variety of entertainment. Which step of the marketing strategy is Carnival performing? |
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| Using Figure E, what is the current ratio for assets and liabilities? |
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| Mary authorized for Wachovia Bank to make a payment for monthly bills using money directly from her account. This is an example of which type of payment services? |
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| Phil is writing a company check and just wrote the payee’s name. What should he write NEXT? |
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Definition
| Amount of the check in numbers |
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| Mandy and her escort received gifts for participating in a pageant. The gifts will be of more value to them if they allow time for the gifts to gain interest. Which type of investment did they receive? |
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| What is the interest amount for the loan? $385 for a personal loan for three months at 6% interest rate. |
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| A sales associate was embarrassed by giving a customer the wrong pair of shoes. The customer requested a size ten instead of the size three received. This is an example of which type of insurance risk? |
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Definition
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| American Airlines cancelled all international flights for two weeks after a volcanic eruption in Iceland. It suffered a $3 million loss due to the cancellation. This is an example of which type of insurance risk? |
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