BUSN 101 quizzes

_____ stock is a security that represents an ownership interest in a corporation and has voting rights. a) preferred b) common c) per value d) treasury e) equity

b) common

The ratio of net profit to the number of shares of common stock outstanding is called the: a) equity earnings b) earnings per share c) earnings for profit d) stock-to-earnings ratio e) profitability index

b) earnings per share

Within the distribution channel, retailers and wholesalers are called: a) inventory control agents b) marketing intermediaries c) movement facilitators d) logistical managers e) industrial users

b) marketing intermediaries

A _____ is a formal document that states an organization's purpose and reason for existing and describes its basic philosophy. a) corporate manifesto b) mission statement c) vision d) company proclamation e) principle of existence

b) mission statement

_____ is the process of arranging the structures and relationships of human and material resources to carry out an organization's plans. a) leadership b) organizing c) communicating d) planning e) controlling

b) organizing

Signal lights at a typical street intersection would best represent which functional area of a business? a) marketing b) accounting c) MIS d) SCMGMT

c) MIS

A(n) _____ is a summary of what a company has earned and spent over a given period. a) balance sheet b) trial balance c) income statement d) cash flow statement e) annual stockholders' report

c) income statement

Current assets, such as marketable securities and inventory, usually are expected to be turned into cash within: a) one month b) five years c) one year d) eighteen months e) two years

c) one year

_____ provides the structure of people, positions, departments, and activities within which the company objectives can be accomplished. a) Leadership b) Communicating c) Organizing d) Planning e) Controlling

c) organizing

TRUE OR FALSE: Target's venture into the Canadian market was successful, in part, because all of its US vendors and its own in-house system already used the metric system when inventorying the physical size of its products.

False

True or False: Wired Local Area Networks and "WANs" are the same thing.

False

Labor, as a factor of production, refers to: a) all workers in business b) rent and wages c) full employment d) tools and wages e) only hourly wage earners

a) all workers in business

_____ are profit-oriented depository financial institutions that accept deposits, make business and consumer loans, invest in government and corporate securities, and provide other financial services. a) commercial banks b) thrift institutions c) finance companies d) credit unions e) investment banks

a) commercial banks

At the end of the semester, instructors upload Canvas grades to Howdy so that final grades can be processed. Is this an example of real-time processing of data or batch processing? a) real-time processing of data b) batch processing

b) batch processing

Which of the following is included in net income? a) cash b) revenue c) equity d) debt e) asserts

b) revenue

The quantity of a product or service that businesses will make available at various prices is called: a) market potential b) demand c) supply d) capacity e) market share

c) supply

_____ is the quantity of a good or service that people are willing to buy at various prices. a) demand b) supply c) market potential d) market share e) capacity

a) demand

The equation that represents a customer's subjective assessment of benefits relative to costs in determining the worth of a product is: a) value = customer costs + customer benefits b) value = price - customer costs c) value = customer benefits - customer costs d) value = customer benefits - customer risk

c) value = customer benefits - customer costs

Which of the following is NOT one of the four functions of management? a) Planning b) Controlling c) Organizing d) Budgeting e) Leadership

d) Budgeting

A product can be a... a) good b) service c) idea d) all of the above

d) all of the above

Diapers is a product category in the maturity stage of its product life cycle. This means that the manufacturers of diapers: a) are most interested in building product awareness b) want to create primary demand for the product c) are enjoying a drastic decline in sales and profits d) are creating product line extensions e) have increased trade allowances

d) are creating product line extensions

Which of the following is NOT a marketing activity? a) promotion b) price c) distribution d) compliance

d) compliance

_____ is the money a company earns from providing services or selling goods to customers. a) profit b) opportunity c) gross margin d) revenue e) amortization

d) revenue

Which of the following is NOT one of the five key types of power? a) Reward b) Expert c) Referent d) Legitimate e) Influential

e) Influential

Laws passed by the U.S. Congress concerning how U.S. businesses trade with Cuba would be an example of _____ factors that influence the business environment. a) social and cultural b) demographic c) economic d) competitive e) political and legal

e) political and legal

The three principal tools of the Federal Reserve System are: a) discount rate, prime rate, and open market operations b) tax rate, margin requirements, and discount rate c) open market operations, discount rate, and tax rate d) reserve requirements, consumer rate, and prime rate e) reserve requirements, discount rate, and open market operations

e) reserve requirements, discount rate, and open market operations

Dividends are: a) annual payments on bonds b) the earnings of the corporation c) payments to the shareholders from company earnings d) guaranteed payments to the common shareholders e) loans made to the shareholders

c) payments to the shareholders from company earnings