GEB 1011 Exam 1 Questions with 100%
Correct Answers
Money now > money later
Because money today can grow through interest or investments.
Present Value (PV)
How much future money is worth today.
Assets
What you own.
Liabilities
What you owe.
Equity
Assets - liabilities; what belongs to the owners.
Interest
The price paid to borrow money.
Why is money today more valuable than money later?
Because money today can earn interest or be invested to grow.
What does finance help companies decide?
Whether big purchases or investments are worth it.
Four functions of management (POLC)
Planning, organizing, leading, controlling.
, Strategy
Big, long-term decisions for a company.
Operations
Daily, routine decisions and tasks.
Leading
Motivating and guiding people.
Organizing
Arranging people, tasks, and resources.
Controlling
Checking performance and correcting problems.
Why is culture important in global management?
Different countries work differently; managers must adapt.
Marketing
Understanding customers and creating value.
Value (in marketing)
How worthwhile a product is to a customer.
Segmentation
Dividing customers into groups.
4 Ps of Marketing
Product, Price, Place, Promotion.
Correct Answers
Money now > money later
Because money today can grow through interest or investments.
Present Value (PV)
How much future money is worth today.
Assets
What you own.
Liabilities
What you owe.
Equity
Assets - liabilities; what belongs to the owners.
Interest
The price paid to borrow money.
Why is money today more valuable than money later?
Because money today can earn interest or be invested to grow.
What does finance help companies decide?
Whether big purchases or investments are worth it.
Four functions of management (POLC)
Planning, organizing, leading, controlling.
, Strategy
Big, long-term decisions for a company.
Operations
Daily, routine decisions and tasks.
Leading
Motivating and guiding people.
Organizing
Arranging people, tasks, and resources.
Controlling
Checking performance and correcting problems.
Why is culture important in global management?
Different countries work differently; managers must adapt.
Marketing
Understanding customers and creating value.
Value (in marketing)
How worthwhile a product is to a customer.
Segmentation
Dividing customers into groups.
4 Ps of Marketing
Product, Price, Place, Promotion.
