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Balance of trade and balance of payments are alike because they both measure?
A. Only measure the imports of a countyB. Only measure the exports of a countryC. Measure the trade relations between
countriesD. Measure the production of goods for a
country
Balance of trade and balance of payments are alike because they both measure?
A. Only measure the imports of a countyB. Only measure the exports of a countryC. Measure the trade relations between
countriesD. Measure the production of goods for a
country
Amazon shipped 1 pair of Jordan’s instead of 20 pair orderd by a loyal customer. Amazon apologized for the error and corrected the order. What type of risk is this?
A. Pure B. Speculative C. UncontrollableD. Non-economic
Amazon shipped 1 pair of Jordan’s instead of 20 pair orderd by a loyal customer. Amazon apologized for the error and corrected the order. What type of risk is this?
A. Pure B. Speculative C. UncontrollableD. Non-economic
Delta cancelled international flights for one week because of bad weather in Europe. It lost $2 million dollars due to cancelled flights. What type of insurance risk is this?
A. Pure B. UninsurableC. Non-economicD. Controllable
Delta cancelled international flights for one week because of bad weather in Europe. It lost $2 million dollars due to cancelled flights. What type of insurance risk is this?
A. Pure B. UninsurableC. Non-economicD. Controllable
Telly used one of his budgets to see how much money is available to pay his monthly bills. Which type of budget did he use?
A. CashB. ExpansionC. OperatingD. Start-up
Telly used one of his budgets to see how much money is available to pay his monthly bills. Which type of budget did he use?
A. CashB. ExpansionC. OperatingD. Start-up
Apple decided to sell it’s air book in other colors in addition to the silver ones. What type of financial planning is this?
A. Start-up B. OperationC. PersonalD. Expansion
Apple decided to sell it’s air book in other colors in addition to the silver ones. What type of financial planning is this?
A. Start-up B. OperationC. PersonalD. Expansion
Tyrone, Jaylin, Caelen, Mateelyah and Teyanna were planning for a long-term financial goal and purchased stock for several companies. This is what type of economic activity?
A. InvestmentB. consumer spendingC. borrowingD. labor
Tyrone, Jaylin, Caelen, Mateelyah and Teyanna were planning for a long-term financial goal and purchased stock for several companies. This is what type of economic activity?
A. InvestmentB. consumer spendingC. borrowingD. labor
Dick’s Sporting Goods purchased products for $15 and used a 60% mark up. What was the selling price?
A. $29B. $9C. $6D. $24
Dick’s Sporting Goods purchased products for $15 and used a 60% mark up. What was the selling price?
A. $29B. $9C. $6D. $24
Money market and savings accounts are similar because they both:
A. Have a minimum balance requirement B. Have a maximum balance requirementC. Allow withdrawals without penaltiesD. Interest rates are based on government
securities
Money market and savings accounts are similar because they both:
A. Have a minimum balance requirement B. Have a maximum balance requirementC. Allow withdrawals without penaltiesD. Interest rates are based on government
securities
Kelvin purchased stocks from a company that would allow him to receive a fixed rate dividend of 5% without voting rights. Which type of stock does he own?
A. Common stockB. BondC. ETFD. Preferred stock
Kelvin purchased stocks from a company that would allow him to receive a fixed rate dividend of 5% without voting rights. Which type of stock does he own?
A. Common stockB. BondC. ETFD. Preferred stock
While Syeem was installing a new stove, he was shocked and burned badly. This is an example of what type of insurance risk?
A. Pure B. Controllable C. EconomicD. Uninsurable
While Syeem was installing a new stove, he was shocked and burned badly. This is an example of what type of insurance risk?
A. Pure B. Controllable C. EconomicD. Uninsurable
Edible Arrangements delivered some of its arrangements to the wrong customers. They did have arrangements sent to the correct customers. This is an example of what type of risk?
A. ControllableB. EconomicC. PureD. Uninsurable
Edible Arrangements delivered some of its arrangements to the wrong customers. They did have arrangements sent to the correct customers. This is an example of what type of risk?
A. ControllableB. EconomicC. PureD. Uninsurable
China is known for its production at a lower cost in the textile industry. This is an example of what type of advantage?
A. Comparative B. AbsoluteC. DualD. Competitive
China is known for its production at a lower cost in the textile industry. This is an example of what type of advantage?
A. Comparative B. AbsoluteC. DualD. Competitive
Because more women of color are going natural (hair), many beauty salons are getting fewer customers. As a result the salon owners fired a few employees. This information is useful for measuring?
A. Labor activitiesB. GDPC. GDP per capitaD. Consumer spending
Because more women of color are going natural (hair), many beauty salons are getting fewer customers. As a result the salon owners fired a few employees. This information is useful for measuring?
A. Labor activitiesB. GDPC. GDP per capitaD. Consumer spending
Araceli’s new job has her collecting total population data and monetary value of producing products and services for several countries. This information will help her measure what activities?
A. Labor activitiesB. GDPC. GDP per capitaD. Consumer spending
Araceli’s new job has her collecting total population data and monetary value of producing products and services for several countries. This information will help her measure what activities?
A. Labor activitiesB. GDPC. GDP per capitaD. Consumer spending
Tyreik works in pharmaceutical research to find new medications for diseases. This type of research is?
A. CustomizingB. TechnologyC. Applied researchD. Pure Research
Tyreik works in pharmaceutical research to find new medications for diseases. This type of research is?
A. CustomizingB. TechnologyC. Applied researchD. Pure Research
What is not a way that the Federal Reserve supervises banks?
A. Accepts deposits of member banksB. Lends money to individual consumersC. Inspects banks yearlyD. Approves banks mergers
What is not a way that the Federal Reserve supervises banks?
A. Accepts deposits of member banksB. Lends money to individual consumersC. Inspects banks yearlyD. Approves banks mergers
Imani just bought a house. The tax she has to pay is?
A. Excise taxB. Property taxC. Estate taxD. Sales tax
Imani just bought a house. The tax she has to pay is?
A. Excise taxB. Property taxC. Estate taxD. Sales tax
Jake works at a business that changes natural materials into more a more
finished form?
A. manufacturersB. retailersC. processorsD. distributers
Jakeworks at a business that changes natural materials into more a more
finished form?
A. manufacturersB. retailersC. processorsD. distributers
Autumn’s Steakhouse offers several dishes that include peanuts, corn and beef. Which types of resources are
included?
A. CapitalB. HumanC. NaturalD. Service
Autumn’s Steakhouse offers several dishes that include peanuts, corn and beef. Which types of resources are
included?
A. CapitalB. HumanC. NaturalD. Service
The first expenditure in your household budget should be
A. RentB. Fixed expendituresC. SavingsD. Variable expenditures
The first expenditure in your household budget should be
A. RentB. Fixed expendituresC. SavingsD. Variable expenditures
A few banking institutions moved to Charlotte to take advantage of the many
graduates of the financial education programs. Which resources will the
graduates provide for the banks?
A. CapitalB. HumanC. NaturalD. Service
A few banking institutions moved to Charlotte to take advantage of the many
graduates of the financial education programs. Which resources will the
graduates provide for the banks?
A. CapitalB. HumanC. NaturalD. Service
The purpose for government budgeting is to?
A. Allow government agencies to spend as much as they want
B. Give tax payers a large refund every year
C. Provide services needed by the publicD. To pay elected officials high salaries
The purpose for government budgeting is to?
A. Allow government agencies to spend as much as they want
B. Give tax payers a large refund every year
C. Provide services needed by the publicD. To pay elected officials high salaries
One way to avoid monthly service charges is to:
A. Ask to have the fee waivedB. Write a lot of checksC. Charge interestD. Keep a large minimum balance
One way to avoid monthly service charges is to:
A. Ask to have the fee waivedB. Write a lot of checksC. Charge interestD. Keep a large minimum balance
Electronic funds transfers assist Autumn with money management
by:A. Providing for automatic deposits and
paymentsB. Totally eliminating the need for cashC. Allowing withdrawals at anytimeD. Reconciling the bank statement for
the consumer
Electronic funds transfers assist Autumn with money management
by:A. Providing for automatic deposits and
paymentsB. Totally eliminating the need for cashC. Allowing withdrawals at anytimeD. Reconciling the bank statement for
the consumer
Terrell worked 81/2 hours on Monday, 9 hours on Tuesday, 8 ½ on Wednesday, 8 hours on Thursday and 9 hours on Friday. Forty hours is his regular
weekly schedule. How much over time did Terrell work?
A. 10B. 3C. 4D. 9
Terrell worked 81/2 hours on Monday, 9 hours on Tuesday, 8 ½ on Wednesday, 8 hours on Thursday and 9 hours on Friday. Forty hours is his regular
weekly schedule. How much over time did Terrell work?
A. 10B. 3C. 4D. 9
Yaquelin works in sales. What amount is paid to her as a
percentage of sales?
A. overtimeB. salaryC. commissionD. allowance
Yaquelin works in sales. What amount is paid to her as a
percentage of sales?
A. overtimeB. salaryC. commissionD. allowance
Water and air are examples of which economic resource?
A. CapitalB. EntrepreneurshipC. HumanD. Natural
Water and air are examples of which economic resource?
A. CapitalB. EntrepreneurshipC. HumanD. Natural
Footlocker is a store that sales directly to consumers.
Footlocker is a:
A. producerB. manufacturerC. wholesalerD. retailer
Footlocker is a store that sales directly to consumers.
Footlocker is a:
A. producerB. manufacturerC. wholesalerD. retailer
Kareem purchases and uses goods. Dustin is a:
A. sellerB. customerC. employeeD. consumer
Kareem purchases and uses goods. Dustin is a:
A. sellerB. customerC. employeeD. consumer
Which stage of the business cycle is characterized by low unemployment and
high consumer spending?
A. DepressionB. ProsperityC. RecessionD. Recovery
Which stage of the business cycle is characterized by low unemployment and
high consumer spending?
A. DepressionB. ProsperityC. RecessionD. Recovery
Tanoka purchased a music box for his wife
Yasmin. It played her favorite song. This is an example of
which buying motive?
A. EmotionalB. PatronageC. ProductD. Rational
Tanoka purchased a music box for this wife Yasmin. It played her favorite song. This is an example of which buying
motive?
A. EmotionalB. PatronageC. ProductD. Rational
Jewell was the top salesperson last month and was awarded a
gift certificate to a local restaurant. This is an example
of a/an:
A. CommissionB. Holiday bonusC. IncentiveD. Sales quota
Jewell was the top salesperson last month and was awarded a
gift certificate to a local restaurant. This is an example
of a/an:
A. CommissionB. Holiday bonusC. IncentiveD. Sales quota
What is the commercial bank service that assists consumers by managing investments on behalf of the young and elderly is
A. NotarizingB. Bank loansC. Trust managementD. Checking accounts
What is the commercial bank service that assists consumers by managing investments on behalf of the young and elderly is
A. NotarizingB. Bank loansC. Trust managementD. Checking accounts
The relationship between the values of a country’s imports and exports is:
A. Balance of tradeB. Offshore productionC. ProtectionismD. Trade surplus
The relationship between the values of a country’s imports and exports is:
A. Balance of tradeB. Offshore productionC. ProtectionismD. Trade surplus
Corde’ja is creating a personal budget. Her total
income might include wages and:
A. Fixed expensesB. Interest incomeC. Her coin collectionD. taxes
Corde’ja is creating a personal budget. Her total
income might include wages and:
A. Fixed expensesB. Interest incomeC. Her coin collectionD. taxes
The law that protects debtors from collection
agents?A. Fair Credit Billing ActB. Equal Credit Opportunity ActC. Fair Debt Collection Practices ActD. Americans with Disabilities Act
The law that protects debtors from collection
agents?A. Fair Credit Billing ActB. Equal Credit Opportunity ActC. Fair Debt Collection Practices ActD. Americans with Disabilities Act
An effective budget includes allowances for savings, fixed expenses
and?
A. Variable expensesB. TravelC. EntertainmentD. inventory
An effective budget includes allowances for savings, fixed expenses
and?
A. Variable expensesB. TravelC. EntertainmentD. inventory
Which form of production is illustrated by growing
collard greens?
A. processingB. productionC. extraction and cultivationD. manufacturing
Which form of production is illustrated by growing
collard greens?
A. processingB. productionC. extraction and cultivationD. manufacturing
Newspapers, magazines, radio, and television are
examples of:
A. Mass mediaB. Special eventsC. Specialty mediaD. Supplements
Newspapers, magazines, radio, and television are
examples of:
A. Mass mediaB. Special eventsC. Specialty mediaD. Supplements
A measure of how well people live in a country is
the?
A. lifestyleB. standard of livingC. deflationD. opportunity cost
A measure of how well people live in a country is
the?
A. lifestyleB. standard of livingC. deflationD. opportunity cost
Which is a basis for demographic
segmentation?A. Customer locationB. Education levelC. LifestyleD. Values
Which is a basis for demographic
segmentation?A. Customer locationB. Education levelC. LifestyleD. Values
The U.S. economy historically has?
A. Very high inflationB. Very high deflationC. Mild to moderate inflationD. Mild to moderate deflation
The U.S. economy historically has?
A. Very high inflationB. Very high deflationC. Mild to moderate inflationD. Mild to moderate deflation
The total amount of James’s paycheck before
deductions is his?A. net earningsB. gross earningsC. total bonusD. net commission
The total amount of James’s paycheck before
deductions is his?A. net earningsB. gross earningsC. total bonusD. net commission
Hello Kitty wants to reach young girls and women. This
is their:
A. Marketing mixB. Fan baseC. Target marketD. Marketing strategy
Hello Kitty wants to reach young girls and women. This
is their:
A. Marketing mixB. Fan baseC. Target marketD. Marketing strategy
Installment credit is:A. Paying only principal each monthB. Paying only interestC. Paying equal monthly payments of
principles and interestD. Paying a lump sum at the end of the
loan
Installment credit is:A. Paying only principal each monthB. Paying only interestC. Paying equal monthly payments of
principles and interestD. Paying a lump sum at the end of the
loan
Goods that enter a country from foreign
sources are:
A. ExportsB. ImportsC. QuotasD. Tariffs
Goods that enter a country from foreign
sources are:
A. ExportsB. ImportsC. QuotasD. Tariffs
Brajun hit the pole at the McDonald’s drive thru and put a huge dent in his car’s bumper. Before the insurance
company would pay to get it fixed, Jose needed to pay his:
A. taxesB. copaymentC. deductibleD. Partial payment
Brajun hit the pole at the McDonald’s drive thru and put a huge dent in his car’s bumper. Before the insurance
company would pay to get it fixed, Jose needed to pay his:
A. taxesB. copaymentC. deductibleD. Partial payment
While shopping in Belk, Shaniah was asked by an Estee Lauder sales associate to complete a
survey to determine her fragrance preferences. Which marketing
mix element?
A. DistributionB. FinancingC. Marketing-information managementD. Product/service management
While shopping in Belk, Shaniah was asked by an Estee Lauder sales associate to complete a
survey to determine her fragrance preferences. Which marketing
mix element?
A. DistributionB. FinancingC. Marketing-information managementD. Product/service management
Desirable beliefs and principles like being respectful are:
A. goalsB. ideasC. valuesD. decisions
Desirable beliefs and principles like being respectful are:
A. goalsB. ideasC. valuesD. decisions
Ohmarrah can charge up to $3,000 on her new
credit card. $3,000 is herA. salaryB. capitalC. SavingsD. credit limit
Ohmarrah can charge up to $3,000 on her new
credit card. $3,000 is herA. salaryB. capitalC. SavingsD. credit limit
The ______ensures accurate
product labeling?
a. US Postal Serviceb. The Equal Employment Opportunityc. Food and Drug Administrationd. Federal Trade Commission
The ______ensures accurate
product labeling?
a. US Postal Serviceb. The Equal Employment Opportunityc. Food and Drug Administrationd. Federal Trade Commission
Any place where people buy and sell goods and services is
called:
A. demandB. market placeC. supplyD. commerce
Any place where people buy and sell goods and services is
called:
A. demandB. market placeC. supplyD. commerce
M’Kayla bought a coat for $100 and the sales tax rate is 10% How much did Celeste
pay for the coat?
A. $10.10B. $115.00C. $110.00D. $105.00
M’Kayla bought a coat for $100 and the sales tax rate is 10% How much did Celeste
pay for the coat?
A. $10.10B. $115.00C. $110.00D. $105.00
Ekenimi is a leader who gives direct, clear and precise orders.
What is his leadership style?
A. laissez-fairB. bossyC. democraticD. autocratic
Ekenimi is a leader who gives direct, clear and precise orders.
What is his leadership style?
A. laissez-fairB. bossyC. democraticD. autocratic
Dai-Meota’s business has transactions with companies in
more than one state. His business is involved in what
type of commerce?
A. internationalB. interstateC. multinationalD. intrastate
Dai-Meota’s business has transactions with companies in
more than one state. His business is involved in what
type of commerce?
A. internationalB. interstateC. multinationalD. intrastate
UPS focuses on managing the shipping, moving and storing of supplies, materials and finished products this operation is called:
A. ManagementB. logisticsC. safety and securityD. scheduling
UPS focuses on managing the shipping, moving and storing of supplies, materials and finished products this operation is called:
A. ManagementB. logisticsC. safety and securityD. scheduling
Alexander is making a budget. To make a good and effective
budget, it must be:
A. complicatedB. permanentC. flexibleD. a projection of future income
Alexander is making a budget. To make a good and effective
budget, it must be:
A. complicatedB. permanentC. flexibleD. a projection of future income
What is a disadvantage of online banking?
A. It costs a lot to useB. account security can be a problemC. costumers’ banking is easyD. customers can’t get help from the
bank
What is a disadvantage of online banking?
A. It costs a lot to useB. account security can be a problemC. costumers’ banking is easyD. customers can’t get help from the
bank
Wendy Hernadez has a checking account at Bank of America and signed her name on the
signature card as Wendy Hernadez. She received a check that somebody used her
nickname “Winnie Poo” When she deposits the check, how should she endorse it?
A. Wendy HernadezB. Wendy Winnie Poo HernadezC. Winnie Poo with Wendy Hernandez
Under itD. W.P. Hernadez
Wendy Hernadez has a checking account at Bank of America and signed her name on the signature card as . She received a check that somebody used her nickname “Winnie Poo”
When she deposits the check, how should she endorse it?
A. Wendy HernadezB. Wendy Winnie Poo HernadezC. Winnie Poo with Wendy Hernandez
Under itD. W.P. Hernadez
Ms. Davis recently had some home repairs done. The
repairman did a horrible job and over charged her. Ms. Davis reported the repairman to the:
A. Better Business BureauB. Federal trade commissionC. Consumer ReportsD. Channel 3 news
Ms. Davis recently had some home repairs done. The
repairman did a horrible job and over charged her. Ms. Davis reported the repairman to the:
A. Better Business BureauB. Federal trade commissionC. Consumer ReportsD. Channel 3 news
The “right” media mix for a promotional plan
is the one that:A. Awards staff with bonuses when sales goals
are met.B. Creates goodwill within the community.C. Enhances the image of the company.D. Reaches the largest portion of the company’s
target audience.
The “right” media mix for a promotional plan
is the one that:A. Awards staff with bonuses when sales goals
are met.B. Creates goodwill within the community.C. Enhances the image of the company.D. Reaches the largest portion of the company’s
target audience.
Timothy’s budget that estimates income and expenses from the
beginning of his business until it becomes profitable is called his?
A. financial planB. long-term budgetC. start-up budgetD. balance sheet
Timothy’s budget that estimates income and expenses from the
beginning of his business until it becomes profitable is called his?
A. financial planB. long-term budgetC. start-up budgetD. balance sheet
A government that owns major industries but allows private
ownership of other businesses is called?
A. capitalismB. free tradeC. traditionalismD. socialism
A government that owns major industries but allows private
ownership of other businesses is called?
A. capitalismB. free tradeC. traditionalismD. socialism
Work history is an example of a persons?
A. trustworthinessB. capacityC. characterD. credit history
Work history is an example of a persons?
A. trustworthinessB. capacityC. characterD. credit history
JeLaya just got paid and owes her landlord money. How should she endorse her pay check so that the
landlord can cash her check to pay Whitney’s debt?
A. specialB. transferC. restrictiveD. conditional
JeLaya just got paid and owes her landlord money. How should she endorse her pay check so that the
landlord can cash her check to pay Whitney’s debt?
A. specialB. transferC. restrictiveD. conditional
CMS employees paychecks are deposited directly into
their Banks. This is called?
A. credit transactionB. digital withdrawalC. credit transactionD. direct deposit
CMS employees paychecks are deposited directly into
their Banks. This is called?
A. credit transactionB. digital withdrawalC. credit transactionD. direct deposit
On the Form W-4, an employee claims total
earnings, marital status and the number of?
A. deductionsB. exemptionsC. allowancesD. dependents
On the Form W-4, an employee claims total
earnings, marital status and the number of?
A. deductionsB. exemptionsC. allowancesD. dependents
Brittany made a withdrawal from her checking account by:
A. Write checkB. Complete a signature cardC. Write a receiptD. Complete a deposit slip
Brittany made a withdrawal from her checking account by:
A. Writing a checkB. Complete a signature cardC. Write a receiptD. Complete a deposit slip
What did President Obama get the government to do to
stimulate the economy?
A. Made another holidayB. Decreased interest ratesC. Increased taxesD. Stopped imports
What did President Obama get the government to do to
stimulate the economy?
A. Made another holidayB. Decreased interest ratesC. Increased taxesD. Stopped imports
What is the largest revenue for most states:
A. TollsB. Federal governmentC. Individual income taxD. General sales
What is the largest revenue for most states:
A. TollsB. Federal governmentC. Individual income taxD. General sales
Out of the options below, which is the riskiest
investment?
A. Savings bondsB. Mutual fundsC. commoditiesD. Real estate
Out of the options below, which is the riskiest
investment?
A. Savings bondsB. Mutual fundsC. commoditiesD. Real estate
Anybody can cash a check with this endorsement:
A. fullB. specialC. blankD. full
Anybody can cash a check with this endorsement:
A. fullB. specialC. blankD. full
How does the government raise revenue?
A. Taxes, fines, fees, and running public businesses
B. Increasing taxesC. Taxes, fines, fees and licensesD. Public auctions
How does the government raise revenue?
A. Taxes, fines, fees, and running public businesses
B. Increasing taxesC. Taxes, fines, fees and licensesD. Public auctions
ShaNya is reconciling her bank statement, how can she tell which checks are
outstanding?A. Looking at her check registerB. Calling the bankC. Call everyone she wrote checks toD. Compare her bank statement to her
check register
ShaNya is reconciling her bank statement, how can she
tell which checks are outstanding?
A. Looking at her check registerB. Calling the bankC. Call everyone she wrote checks toD. Compare her bank statement to her
check register
Who pays federal unemployment taxes?A. The federal governmentB. You do C. Your employerD. Both you and your employer
Who pays federal unemployment taxes?A. The federal governmentB. You do C. Your employerD. Both you and your employer
Tianna specializes in leaseing commercial buildings to
manufacturing companies? In which type of resource does she
specialize?
A. humanB. capitalC. serviceD. entrepreneur
Tianna specializes in leaseing commercial buildings to
manufacturing companies? In which type of resource does she
specialize?
A. humanB. capitalC. serviceD. entrepreneur
Raven has a car, house, money market account and a stamp
collection. Which is the most liquid investment?
A. carB. houseC. Stamp collectionD. Money market account
Raven has a car, house, money market account and a stamp
collection. Which is the most liquid investment?
A. carB. houseC. Stamp collectionD. Money market account
In May, Nazhe bought one share of Apple, Inc. for $433 and he sold it yesterday for $578. What is the yeild that
Nazhe earned?
A. 14.5%B. 33.5%C. 25%D. None of the above
Joi received the first bank statement for her new checking account. When she reconciles her bank statement it should?
A. Be less than the check register balanceB. Be greater than the check register
balanceC. Balance to zeroD. Equal the check register balance
Joi received the first bank statement for her new checking account. When she reconciles her bank statement it should?
A. Be less than the check register balanceB. Be greater than the check register
balanceC. Balance to zeroD. Equal the check register balance
