Business Exam 4 Kahoot

which figure is closest to the number of people employed in the RMI industry in the U.S. a. 2,500,000 b. 1,500,000 c. 500,000 d. 1,000,000

a. 2,500,000

a financial plan for the future based on a single level of operations is called a(n): a. budget b. income statement c. balance sheet d. statement of cash flows

a. budget

something of value given or pledged as security for payment of a loan is called _____ a. collateral b. chargeback c. capital equity d. personal equity

a. collateral

contractual provisions of insurance policies that specify what risks the insurer is assuming a. coverages b. separation of duties c. internal controls d. premiums

a. coverages

a measure of how much money can be made available to pay obligations within the fiscal year a. current ratio b. profitability ratio c. return on equity d. return on investment

a. current ratio

a measure of how quickly you can raise money through internal sources by converting assets to cash a. liquidity b. nominal value c. equitability d. absorbability

a. liquidity

accounting method specifically intended to be used for planning, directing, and controlling: a. managerial accounting b. benchmarking c. tax accounting d. forensic accounting

a. managerial accounting

______ make up most of the concurrency cash which is available immediately a. debt investments b. demand deposits c. commercial papers d. marketable securities

b. demand deposits

the percentage amount that the payout of an investment differs from original cost is known as a. dividend on capital b. gain on investment c. risk on investment d. interest on the principal

b. gain on investment

the difference between assets and liabilities of a business is called its a. cost of capital b. owners equity c. net income d. current ratio

b. owners equity

which of the following steps would help decrease business risks a. assuming employees will follow basic workplace etiquettes b. specific plans to deal with foreseeable events c. ensuring employees have easy access to valuable assets d. having multiple codes of conduct for employees

b. specific plans to deal with foreseeable events

the most common form of employee collusion is a. selling trade secrets to competition b. theft of cash and inventory c. lying about work hours d. lying about absences

b. theft of cash and inventory

_____ refers to the percentage expense of obtaining future funds a. rate on investment b. risk c. cost of capital d. return on investment

c. cost of capital

fidelity bonds help to: a. cover abnormal losses from credit customers b. cover losses incurred due to governmental audits c. cover losses incurred due to employee embezzlement d. protect against crimes committed against the business

c. cover losses incurred due to employee embezzlement

a statistical technique to minimize total inventory cost a. pull-push strategy b. factoring c. economic order quantity d. benchmarking

c. economic order quantity

which of the following is the most common non cash incentive given to an employee a. telecommuting b. autonomy c. stock options d. benefits packages

c. stock options

the number one source of financing for small businesses is from _____ a. angel investors b. government programs c. the owners themselves d. banks

c. the owners themselves

appropriate risk management techniques include all of the following EXCEPT: a. loss prevention b. loss reduction c. whining d. risk transfer (insurance)

c. whining

which one of the following government agencies was created to enforce safety in the workplace a. SBA b. IRS c. EEOC d. OSHA

d. OSHA

refers to money that is owed to a business by its customers who purchased a product on credit a. accounts payable b. factoring receivable c. pledging receivable d. accounts receivable

d. accounts receivable

liability insurance protects a business against: a. current employees setting. up competing businesses b. losses incurred due to the death of a key employee c. disgruntled former employees filing lawsuits d. claims for harm caused by the product or service

d. claims for harm caused by the product or service

A(n) _____ is an amount of loss that is specifically excluded by the insurance contract a. coverage b. insurable value c. premium d. deductible

d. deductible

_____ is the most common kind of coverage on key persons of a business a. credit insurance b. health insurance c. dental insurance d. life insurance

d. life insurance

a ____ is the process of physically counting business assets on a set schedule a. microinventory b. perpetual inventory c. just-in-time inventory d. periodic inventory

d. periodic inventory

the ratio of profits to owner investment in a business is referred to as _____ a. return on sales b. return on assets c. return on inventory d. return on equity

d. return on equity