Business finance 25 questions | Business & Finance homework help

QUESTIONS :

 

1. A good marketing strategy should carry a product through all stages of the product life cycle. 

True 
False 

2. A person who works as a sales representative for a manufacturer or wholesaler and gets paid a commission on any sales is a(n): 

 

 

A.

broker

 

B.

merchandiser

 

C.

merchant wholesaler

 

D.

agent

 

E.

distribution captain

 

3. A(n) _____ is the legally exclusive design, name, or identifying mark associated with a company’s brand. 

 

 

A.

branding sign

 

B.

maste5 brand

 

C.

brand symbol

 

D.

trademark

 

E.

emblem

 

4. An accounting journal is a chronological list of transactions, each assigned to a particular account. 

True 
False 

5. Another term for owners’ equity is: 

 

 

A.

assets

 

B.

liabilities

 

C.

net worth

 

D.

gross worth

 

E.

gross sales

 

6. By lowering the reserve requirement, the Federal Reserve tries to make more money available for loans and stimulate the economy 

True 
False 

7. Chez Dove is an independent coffeehouse/bookstore that went bankrupt only eight months after opening due to an unexpected demand for cash to fix a leaking roof. Better cash _____ might have allowed the business to continue operation 

 

 

A.

maintenance

 

B.

capitalization

 

C.

targeting

 

D.

management

 

E.

administration

 

8. Federal Reserve banks must hold a certain portion of their deposits in reserve. This percentage is called the: 

 

 

A.

reserve requirement

 

B.

prime monetary percentage

 

C.

discount requirement

 

D.

interest rate average

 

E.

margin requirement

 

9. Finance companies make loans to people who could not get credit anywhere else. To compensate for taking this extra risk, finance companies: 

 

 

A.

are 100 percent covered by the FDIC

 

B.

charge higher interest rates than commercial banks do

 

C.

sell government bonds

 

D.

raise the customers’ discount rates

 

E.

have a high reserve requirement

 

10. Grainger Distribution Company sold Long Electronics ten circuit breakers for $179.00 each. Long Electronics will be allowed thirty days to pay the bill. Grainger will carry the $1790.00 on its books as a(n): 

 

 

A.

account payable

 

B.

current liability

 

C.

account receivable

 

D.

fixed liability

 

E.

marketable security

 

11. In which stage of the product life cycle are you most likely to find the manufacturer using a line extension strategy? 

 

 

A.

introduction

 

B.

development

 

C.

maturity

 

D.

growth

 

E.

decline

 

12. Integrated marketing communications (IMC): 

 

 

A.

is a careful coordination of all promotional activities

 

B.

produces a consistent and unified advertising message

 

C.

produces a customer-focused advertising message

 

D.

is typically overseen by a marketing communications director

 

E.

is accurately described by all of the above

 

13. Lines of credit are short-term loans that are secured by collateral. 

True 
False 

14. Municipal bonds are attractive to investors because interest earned on them is exempt from federal income tax 

True 
False 

15. Price skimming is often used as an inducement to get consumers to switch brands or companies. 

True 
False 

16. The balance sheet summarizes a firm’s financial position over a period of time, for instance 3 months or a year. 

True 
False 

17. The four major groupings of consumer products are: 

 

 

A.

limited, generic, specialty, and unsought

 

B.

shopping, durable, limited, and nondurable

 

C.

unsought, convenience, shopping, and specialty

 

D.

brand, specialty, shopping, and generic

 

E.

convenience, brand, generic, and manufacturer

 

18. The Securities Investor Protection Corporation (SIPC): 

 

 

A.

protects stock brokers from bad-risk investors

 

B.

is a mutual fund that invests in only profitable securities

 

C.

is like an insurance company for online stock exchanges that sometimes experience technological difficulties beyond their control

 

D.

protects investors up to $10,000 in the event of a bear market

 

E.

insures the accounts of customers of brokerage firms for up to $500,000 against a firm failure

 

19. The _____ is a series of marketing entities through which goods and services pass on their way from producers to end-users 

 

 

A.

industrial channel

 

B.

distribution channel

 

C.

consumption channel

 

D.

inventory control process

 

E.

vertical integration process

 

20. The _____ summarizes an organization’s financial status at the end of an accounting period 

 

 

A.

trial balance

 

B.

income statement

 

C.

cash flow statement

 

D.

balance sheet

 

E.

accounts payable ledger

 

21. Watts Regulator makes hydroponic pressure valves used in water pumps and water heaters. Watts had $100,000 in net sales for the month. Cost of goods sold was $42,000. On an income statement, the remaining $58,000 would be classified as: here] 

 

 

A.

gross revenues

 

B.

net income

 

C.

general income

 

D.

net revenues

 

E.

gross profit

 

22. When Nissan sells a new Sentra and receives the proceeds, the transaction is similar to the _____ market. When the same Sentra is traded in the used car market, the transaction is similar to the _____ market. 

 

 

A.

seller’s; buyer’s

 

B.

private; public

 

C.

buyer’s; seller’s

 

D.

primary; secondary

 

E.

investment; trading

 

23. Which of the following is an activity performed by the Federal Reserve System as it carries out its monetary policy? 

 

 

A.

insuring credit card balances

 

B.

providing tax refunds

 

C.

distributing currency

 

D.

loaning money to consumers

 

E.

controlling the stock exchange

 

24. Which of the following statements about the accounting profession is true? 

 

 

A.

Most CPAs first work for public accounting firms and later become private accountants or financial managers.

 

B.

Managerial accountants become a certified management accountant when they meet the requirements of the professional certification program.

 

C.

Public accountants serve individuals and organizations on a fee basis.

 

D.

Private accountants are also called corporate accountants.

 

E.

All of the above statement about the accounting profession are true.

 

25. _____ is the system used to record a firm’s financial transactions in a routine and clerical process. 

 

 

A.

Accounting

 

B.

Record keeping

 

C.

Bookkeeping

 

D.

Auditing

 

E.

Financial management

 

 

EduPacers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.