BUS 110 FINAL EXAM QUESTIONS WITH ACCURATE
ANSWERS
A comparison of bookkeeping and accounting correct answer Accounting is
analyzing financial data to set goals and properly budget
A rapid increase in the money supply may lead to: correct answer increase in the
rate of inflation
Adam Smith correct answer wrote the wealth of nations
Advantages / Disadvantages of Corporations correct answer advantage is that
there is limited liability.
disadvantage is that they are taxed more heavily than other forms of business
organizations
Angel investors correct answer wealthy individuals who seek high returns through
private investments
Balance sheet correct answer A financial statement that reports assets, liabilities,
and owner's equity on a specific date.
Benchmarking correct answer Comparing an organization's practices, processes,
and products against the world's best.
Blog correct answer A series, or log, of discussion items on a page of the World
Wide Web
, Bonds correct answer Certificates of debt that carry a promise to buy back the
bonds at a higher price
Brainstorming correct answer a method of generating ideas for speech topics by
free association of words and ideas
Brand name correct answer that part of a brand that can be spoken, including
letters, words, and numbers, helps association
Business incubators correct answer offer space, shared services, and advice to
help get small businesses started
Business plan correct answer a formal written document that describes the
nature of a business and how it will operate
Capital budget correct answer a budget for spending on major investments
Coaching correct answer the process of giving motivational feedback to maintain
and improve performance
Cognitive dissonance correct answer Inner tension that a consumer experiences
after recognizing an inconsistency between behavior and values or opinions
Commercial banks correct answer depository institutions that historically make
short-term loans primarily to businesses
ANSWERS
A comparison of bookkeeping and accounting correct answer Accounting is
analyzing financial data to set goals and properly budget
A rapid increase in the money supply may lead to: correct answer increase in the
rate of inflation
Adam Smith correct answer wrote the wealth of nations
Advantages / Disadvantages of Corporations correct answer advantage is that
there is limited liability.
disadvantage is that they are taxed more heavily than other forms of business
organizations
Angel investors correct answer wealthy individuals who seek high returns through
private investments
Balance sheet correct answer A financial statement that reports assets, liabilities,
and owner's equity on a specific date.
Benchmarking correct answer Comparing an organization's practices, processes,
and products against the world's best.
Blog correct answer A series, or log, of discussion items on a page of the World
Wide Web
, Bonds correct answer Certificates of debt that carry a promise to buy back the
bonds at a higher price
Brainstorming correct answer a method of generating ideas for speech topics by
free association of words and ideas
Brand name correct answer that part of a brand that can be spoken, including
letters, words, and numbers, helps association
Business incubators correct answer offer space, shared services, and advice to
help get small businesses started
Business plan correct answer a formal written document that describes the
nature of a business and how it will operate
Capital budget correct answer a budget for spending on major investments
Coaching correct answer the process of giving motivational feedback to maintain
and improve performance
Cognitive dissonance correct answer Inner tension that a consumer experiences
after recognizing an inconsistency between behavior and values or opinions
Commercial banks correct answer depository institutions that historically make
short-term loans primarily to businesses
