Archives: Quiz
Finance Chapter 7 1 From a financial planning perspective when considering a consumer loan, you should ask yourself how the purchase fits into long-term financial plans
Chapter 7—Using Consumer Loans Cengage Learning Testing, Powered by Cognero Page 1 1. Even if you do have money, you may still be better off using an installment loan for a big-ticket purchase. a. True b. False ANSWER: True POINTS: […]
Finance Chapter 6 2 Ann Marie accumulated a large balance on her credit card while in college. She is trying to get it paid off as quickly as possible and wants to roll the balance onto a new credit card
Chapter 6—Using Credit Cengage Learning Testing, Powered by Cognero Page 21 77. After the Credit Card Act of 2009 was passed, late payments dropped but defaults increased. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Challenging LEARNING OBJECTIVES: PFIN.BILL.17.6-1 […]
Finance Chapter 6 3 Joe and Jane have a tendency to build up large balances on their credit cards. Which of the following would be least important for them
Chapter 6—Using Credit Cengage Learning Testing, Powered by Cognero Page 33 DIFFICULTY: Easy LEARNING OBJECTIVES: PFIN.BILL.17.6-4 – LO: 6-4 NATIONAL STANDARDS: United States – BUSPROG: Analytic skills – BUSPROG: Analytical skills STATE STANDARDS: United States – AK – DISC: Capital […]
Finance Chapter 6 1 A good rule to remember when considering the use of credit is that the product purchased on credit should outlive the amount of time it takes to pay it off
Chapter 6—Using Credit Cengage Learning Testing, Powered by Cognero Page 1 1. Using credit is the ideal way to provide for financial emergencies. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: PFIN.BILL.17.6-1 – LO: 6-1 NATIONAL […]
Finance Chapter 5 3 Barb and Bob want to purchase a new home but don’t know how much mortgage they can qualify for. The lender requires that total installment loan payments not exceed 35% of gross monthly income
Chapter 5—Making Automobile and Housing Decisions Cengage Learning Testing, Powered by Cognero Page 38 STATE STANDARDS: United States – KS – DISC: Capital Budgeting and Cost – DISC: Capital Budgeting and Cost of Capital United States – AK – DISC: […]
Finance Chapter 5 2 Phil and Christina are recently married and unsure of where they will be relocated after Christina finishes her residency in 9 months
Chapter 5—Making Automobile and Housing Decisions Cengage Learning Testing, Powered by Cognero Page 21 e. research which car best meets your needs. ANSWER: e POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: PFIN.BILL.17.5-1 – LO: 5-1 NATIONAL STANDARDS: United States – BUSPROG: […]
Finance Chapter 5 1 76 Most experts consider extended warranties on new vehicles unnecessary given the relatively long initial warranty periods now offered by most manufacturers
Chapter 5—Making Automobile and Housing Decisions Cengage Learning Testing, Powered by Cognero Page 1 1. The greatest fixed cost involved with owning an automobile is usually the monthly loan payments. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy […]
Finance Chapter 4 3 Savings and loan associations are more likely to be paying much slightly higher interest rates on their accounts than a commercial bank
Chapter 4—Managing Your Cash and Savings Cengage Learning Testing, Powered by Cognero Page 35 127. Eric has $1,000 and would like to use it to start a savings program. He will add to the program regularly by investing $50 per […]
Finance Chapter 4 2 Janie Long has checking and savings accounts in a federally insured financial institution. The maximum amount of her insurance coverage
Chapter 4—Managing Your Cash and Savings Cengage Learning Testing, Powered by Cognero Page 21 a. are run to benefit their members. b. pay higher interest on savings. c. charge lower rates on loans. d. a, b, and c. e. none […]
Finance Chapter 4 1 NOW accounts are appropriate for people who need to keep substantial amounts of money in a checking account and use it for numerous transactions each month
Chapter 4—Managing Your Cash and Savings Cengage Learning Testing, Powered by Cognero Page 1 1. One could expect to earn a higher rate of interest on a certificate of deposit than on a checking account. a. True b. False ANSWER: […]
![Finance Chapter 3 3 You are age 30 and single with no dependents. You take the standard deduction. Based on this information, you [could | could not] use the 1040EZ](https://preview.coursepaper.com/643994/643994-200.jpg)
Finance Chapter 3 3 You are age 30 and single with no dependents. You take the standard deduction. Based on this information, you [could | could not] use the 1040EZ
Chapter 3—Preparing Your Taxes Cengage Learning Testing, Powered by Cognero Page 37 126. The income-shifting tax strategy is least effective when income-producing gifts are given to persons a. over age 65. b. over age 50. c. under age 19. d. […]
Finance Chapter 3 2 Mandi and Thomas were married and had one child, age 7. Mandi died in 2013 leaving Thomas a single parent. In 2014, the most favorable filing status for Thomas would be
Chapter 3—Preparing Your Taxes Cengage Learning Testing, Powered by Cognero Page 21 77. Henry is married to Lillian, and they have two dependent children. Henry can legally file using which of the following filing statuses? a. Single b. Married filing […]
Finance Chapter 2 3 Elena purchased a stamp collection for $5,000 thirty years ago. If it appreciated 8% annually, what is it worth today?
Chapter 2—Using Financial Statements and Budgets Cengage Learning Testing, Powered by Cognero Page 35 POINTS: 1 DIFFICULTY: Challenging LEARNING OBJECTIVES: PFIN.BILL.17.2-6 – LO: 2-6 NATIONAL STANDARDS: United States – BUSPROG: Analytic skills – BUSPROG: Analytical skills STATE STANDARDS: United States […]
Entrepreneurship Chapter 16 1 A private workout is a voluntary agreement between a venture’s owners and its shareholders that provides for a financial restructuring of the venture’s outstanding debt
Name: Class: Date: chapter 16 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. An involuntary bankruptcy petition is filed by the venture’s management. a. True b. False 2. A Chapter 11 […]
Finance Chapter 2 2 Sonny and Cher have a net worth of $35,000 and total assets of $200,000. If their revolving credit and unpaid bills total $2,200, what are their long-term liabilities
Chapter 2—Using Financial Statements and Budgets Cengage Learning Testing, Powered by Cognero Page 21 74. On the personal balance sheet, a mortgage loan is recorded as the a. interest only. b. sum of interest paid and the outstanding balance. c. […]
Entrepreneurship Chapter 15 1 Valuation methods that estimate a firm’s worth using value-related multiples of comparable firms are sometimes known as relative value methods
Name: Class: Date: chapter 15 Copyright Cengage Learning. Powered by Cognero. Page 1 b. False Indicate whether the statement is true or false. 1. Valuation methods that estimate a firm’s worth using value-related multiples of comparable firms are sometimes known […]
Finance Chapter 2 1 A balance sheet is like a photograph of your financial condition, while an income and expense statement is like a motion picture
Chapter 2—Using Financial Statements and Budgets Cengage Learning Testing, Powered by Cognero Page 1 1. A personal balance sheet shows your financial condition as of the time the statement is prepared. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: […]
Entrepreneurship Chapter 14 1 Registration rights embedded in a venture’s securities grant certain classes of shareholders the right, under certain circumstances, to have their securities registered with the SEC
Name: Class: Date: chapter 14 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. If a call option can be bought for $12 and the stock’s market value is $12, it’s said […]
Finance Chapter 1 2 Sam and Lele are in their late 20s with 3 young children. Their most important financial planning concerns would probably include all of the following except
Chapter 1—Understanding the Financial Planning Process Cengage Learning Testing, Powered by Cognero Page 21 POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: PFIN.BILL.17.1-3 – LO: 1-3 NATIONAL STANDARDS: United States – BUSPROG: Reflective Thinking STATE STANDARDS: United States – AK – DISC: […]
Entrepreneurship Chapter 13 1 Collateral plays an important role in determining the willingness to lend and the amount and terms of the loan, making it the most important factor in the lending process
Name: Class: Date: chapter 13 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Because of loan restrictions, obtaining funding from commercial lenders is prohibitive for entrepreneurs. a. True b. False 2. […]
Entrepreneurship Chapter 12 1 The summary of the investment terms and conditions accompanying an investment proposed by the venture capitalist is known as the statement of strengths and weaknesses
Name: Class: Date: chapter 12 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Most venture investing came from wealthy individuals and families prior to World War II. a. True b. False […]
Entrepreneurship Chapter 11 1 For the typical business plan having current and early cash outflows and later-stage cash inflows, the VSCS will give a higher valuation than the DDA
Name: Class: Date: chapter 11 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. For the typical business plan having current and early cash outflows and later-stage cash inflows, the VSCS will […]
Entrepreneurship Chapter 10 1 The valuation method involving the projection of maximum dividends involves explicitly forecasted dividends to provide surplus cash which is positive
Name: Class: Date: chapter 10 Copyright Cengage Learning. Powered by Cognero. Page 1 a. True Indicate whether the statement is true or false. 1. Surplus cash is the amount of cash required to pay scheduled dividends for the next quarter. […]
Entrepreneurship Chapter 9 1 The added costs associated with obtaining equity capital are based on investor expected rates of return and are explicit costs which affect AFN
Name: Class: Date: chapter 9 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. The cost of obtaining additional funds, such as additional interest expenses from borrowing funds, may be explicit and […]
Entrepreneurship Chapter 8 1 The objective of the Jumpstart Our Business Startups (JOBS) Act of 2012 is to stimulate the initiation, growth, and development of small businesses
Name: Class: Date: chapter 8 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. It is usually easier to transfer ownership in a proprietorship relative to a corporation. a. True b. False […]
Entrepreneurship Chapter 7 1 A venture’s riskiness in terms of the likelihood of poor performance or failure decreases as it moves from its development stage to its rapid-growth stage. development stage to its rapid-growth stage
Name: Class: Date: chapter 7 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Liquidity premiums reflect the risk associated with firms that possess few liquid assets. a. True b. False 2. […]
Entrepreneurship Chapter 6 1 The actions of monitoring financial performance, projecting cash needs, and obtaining first-round financing occurs during a venture’s survival stage.
Name: Class: Date: chapter 6 Copyright Cengage Learning. Powered by Cognero. Page 1 sometimes for two or more years. Indicate whether the statement is true or false. 1. Short-term financial planning typically involves preparing monthly financial statements and focuses on […]
Entrepreneurship Chapter 5 1 Financial ratios are a useful way to summarize large amounts of financial data to simplify comparisons of a venture’s performance with itself and other firms over time
Name: Class: Date: chapter 5 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. The equity multiplier is considered an efficiency ratio. a. True b. False 2. During the development and startup […]
Entrepreneurship Chapter 4 1 Net income, or profit, is the bottom-line measure of what’s left from the firm’s net sales after operating expenses, financing costs, and taxes have been deducted
Name: Class: Date: chapter 4 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Operating income, or earnings before interest and taxes, reflects the firm’s profit after all operating expenses, excluding financing […]
Entrepreneurship Chapter 3 1 Trade secrets are intellectual property rights in the form of inventions and information not generally known to others that convey economic advantages to the holders.
Name: Class: Date: chapter 3 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Financial bootstrapping maximizes the need for financial capital. a. True b. False 2. Service marks refer to services […]
Entrepreneurship Chapter 2 1 For ventures that get to market first or create intellectual property rights, it is common to price new products or services at high markups or profit margins.
Name: Class: Date: chapter 2 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. For ventures that get to market first or create intellectual property rights, it is common to price new […]
Entrepreneurship Chapter 1 1 The entrepreneurial process involves: developing opportunities, gathering resources, and managing and building operations, all with the goal of creating value
Name: Class: Date: chapter 1 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. The financial objective of increasing value is inconsistent with developing positive character and reputation. a. True b. False […]
Economics Chapter 19 2 The United States feels that it has become too dependent on oil from Saudi Arabia, so it places a limit on the amount of oil that is imported from Saudi Arabia
a. Canada and Russia d. Brazil and Panama b. Brazil and Mexico e. Mexico and Canada c. Canada, Brazil, and Mexico 108. The World Trade Organization (WTO): a. is an ecoterrorist group. b. advocates for protection of domestic industries against […]
Economics Chapter 19 1 If Smith and Ricardo each spent half of his time producing computers and the other half producing smartphones, what would be the total output per day
CHAPTER 19: International Trade MULTIPLE CHOICE 1. For country A, an export is a good produced in a. country B and purchased by residents of country A. b. country A and purchased by residents of country A. c. country A […]
Economics Chapter 18 3 Even after reaching an insurance policy’s deductible, some plans require the insured to pay a percentage of costs up to the policy’s contribution limit
127. What are fixed amounts that the insured must pay when receiving a medical service or filling a prescription? a. copayments d. coinsurance b. deductibles e. premiums c. negotiated fees ANS: A DIF: Easy REF: Who’s Who in Health Care, […]
Economics Chapter 18 1 Which point on the graph best represents the United States, where a great deal of health care is delivered but there are few additional health gains
CHAPTER 18: Health Insurance and Health Care MULTIPLE CHOICE 1. What is a central healthcare question that society must find an answer for? a. Should health care insurance companies be involved in the health care market? b. Is the marginal […]
Economics Chapter 18 2 Health insurance companies routinely hold patients partially responsible for medical costs. One decides to increase the amount that patients have to pay
D. B. C. 83. Health insurance companies routinely hold patients partially responsible for medical costs. One decides to increase the amount that patients have to pay. Which graph best represents this change? a. Graph A d. Graph D b. Graph […]
Economics Chapter 17 3 People notice that when they shop online, they see a box checked that tells them to uncheck the box if they don’t want to receive news of new products.
c. are rational, but the assumption rarely fits reality. d. are irrational, although general correlations exist in behavioral patterns. e. are rational, but their behavior doesn’t always follow this assumption. 139. Behavioral economics a. is the least controversial field of […]
Economics Chapter 17 2 Reese and Rebecca are playing an ultimatum game where Reese is given $100 and asked to propose a way of splitting it with Rebecca
e. the player who proposes the split is fully rational and wishes to maximize his or her own playoff, whereas the player who chooses to accept or reject the split is irrational and wishes to maximize the other player’s payoff. […]
Economics Chapter 17 1 Most economic theory proceeds as though economic actors are all rational, self-interested decision-makers. Economists refer to this hypothetical rational
CHAPTER 17: Behavioral Economics and Risk Taking MULTIPLE CHOICE 1. The hypothetical species Homo economicus is acutely aware of opportunities in the environment and a. strives to maximize the benefits received from each course of action while minimizing the costs. […]
Economics Chapter 16 3 Most newspaper companies allow consumers to purchase copies of the day’s paper by putting money into a machine and taking out a paper
a. What is the marginal utility of the third and eighth tacos? b. Does this consumer experience diminishing marginal utility? If so, after which taco does he or she experience it? c. Does this consumer experience negative marginal utility? If […]
Economics Chapter 16 2 Freda and Stefano are presented with two dessert options: ice cream or cookies. Freda values ice cream at 5 utils and cookies at 10 utils
92. The product’s total utility in dollars is equal to a. $250. d. $15. b. $500. e. $20. c. $150. ANS: A DIF: Moderate REF: What Is the Diamond–Water Paradox? OBJ: 16.3 MSC: Analyzing 93. The product’s marginal utility in […]
Economics Chapter 16 1 A measure of the relative levels of satisfaction that consumers enjoy from the consumption of goods and services is called
CHAPTER 16: Consumer Choice MULTIPLE CHOICE 1. A measure of the relative levels of satisfaction that consumers enjoy from the consumption of goods and services is called a. consumer optimum. d. the substitution effect. b. the real-income effect. e. the […]
Economics Chapter 15 2 At several local supermarkets, employees are dissatisfied with wages and working conditions. Individual negotiations with managers have produced no changes
b. hiatus e. cessation c. binding arbitration 98. At several local supermarkets, employees are dissatisfied with wages and working conditions. Individual negotiations with managers have produced no changes. These workers may decide to form a(n) a. collateral. d. union. b. […]
Economics Chapter 15 1 Late-night employees working in a 24-hour store often earn more than similar employees who work the day shift. What explains this difference in pay
CHAPTER 15: Income, Inequality, and Poverty MULTIPLE CHOICE 1. What theory might partially explain why a person perceived as unattractive might earn less than a person seen as attractive? a. winner-take-all d. occupational crowding b. compensating differential e. efficiency wage […]
Economics Chapter 14 3 You and your friend get into an argument when she finds out that you earn more than she does. She says it isn’t fair, but you argue that there are many reasons
DIF: Moderate REF: Changes in the Demand for Labor OBJ: 14.2 MSC: Analyzing 8. You and your friend get into an argument when she finds out that you earn more than she does. She says it isn’t fair, but you […]
Economics Chapter 14 2 Assume that the Welter Company is renting capital and hiring labor such that the bang per buck from each resource is the same. If wages of labor increase
93. A company that produces simple textiles outsources its operations to Indonesia. Wages for Indonesian workers will ________ and their employment will ________. a. rise; rise d. fall; stay the same b. fall; rise e. fall; fall c. stay the […]
Economics Chapter 14 1 The area underneath a firm’s labor demand curve and above the market wage is the graphical representation of the firm’s
CHAPTER 14: The Demand and Supply of Resources MULTIPLE CHOICE 1. Derived demand is a. consumer demand for goods and services. b. based on the prices of factors of production. c. the demand for factors of production directly by business. […]
Economics Chapter 13 3 There are four ice cream shops on a small tourist island. The following table shows the quantity of ice cream cones that each firm produces in a typical year ice cream cones that each firm produces in a typical year
a. network d. staying b. bandwagon e. marginal c. switching 134. The presence of significant positive ________ externalities can drive small firms out of business or force them to merge with larger competitors. a. network d. public b. negative e. […]
Economics Chapter 13 2 Jaheim and Suzanna are playing a game involving repeated iterations of a simultaneous-move prisoner’s dilemma. In each round, both players choose either
c. cooperate in the first round and defect in all subsequent rounds. d. cooperate in the first round and cooperate in all subsequent rounds. e. cooperate in the first round and, in any subsequent round, do what his or her […]