Principles of Business and Finance Fall
Final Review 2024 Latest Update
Which of the following is NOT one of the considerations when selecting a business
structure?
a. customer's demographics
b. size of business or organization
A
c. business purpose
d. worker skills and responsibilities - ANS a. customer's demographics
VI
Which of the following is NOT required in a résumé?
TU
a. Use appropriate amount of white space
b. Make sure all words are spelled correctly
c. Résumés should be typed on résumé paper
d. Keep organized and neat - ANS c. Résumés should be typed on résumé paper
IS
A company divides employees into eastern, southern, western and central regions
Which of the following describes such departmentalization?
OM
a. product departmentalization
b. geographic departmentalization
c. target market departmentalization
d. process departmentalization - ANS b. geographic departmentalization
NA
Which of the following is an expense which stays relatively the same from month to
month, such as a car payment or rent?
JP
a. fixed expense
b. variable expense
c. estimated expense
d. equity expense - ANS a. fixed expense
Who sets the monetary policy in the United States?
a. The Federal Reserve
b. Senate
, c. Supreme Court
d. Federal Trade Commission - ANS a. The Federal Reserve
Which of the following types of departmentalization works well for companies with
multiple product lines?
a. Homogeneous departmentalization
b. Product departmentalization
c. Functional departmentalization
d. Marketing departmentalization - ANS b. Product departmentalization
A
Which of the following is an example of a middle manager?
VI
a. teller at a bank
b. Salesperson in a retail store
TU
c. Director of marketing C. Chief executive officer
d. Director of marketing - ANS d. Director of marketing
Which of the following is the rate at which a unit of currency of one country can be
IS
exchanged for a unit of currency of another country?
a. inflation rate
OM
b. treasury rate
c. tax rate
d. exchange rate - ANS d. exchange rate
Which of the following is NOT part of the analysis for the creditworthiness of borrowers?
NA
a. family interviews
b. judgement
c. Formal credit scoring models
d. Risk assessment worksheets - ANS a. family interviews
JP
An annual fee is an amount paid to you by the credit card company for using their
service each year.
T or F? - ANS False
Which of the following is an example of a variable expense?
Final Review 2024 Latest Update
Which of the following is NOT one of the considerations when selecting a business
structure?
a. customer's demographics
b. size of business or organization
A
c. business purpose
d. worker skills and responsibilities - ANS a. customer's demographics
VI
Which of the following is NOT required in a résumé?
TU
a. Use appropriate amount of white space
b. Make sure all words are spelled correctly
c. Résumés should be typed on résumé paper
d. Keep organized and neat - ANS c. Résumés should be typed on résumé paper
IS
A company divides employees into eastern, southern, western and central regions
Which of the following describes such departmentalization?
OM
a. product departmentalization
b. geographic departmentalization
c. target market departmentalization
d. process departmentalization - ANS b. geographic departmentalization
NA
Which of the following is an expense which stays relatively the same from month to
month, such as a car payment or rent?
JP
a. fixed expense
b. variable expense
c. estimated expense
d. equity expense - ANS a. fixed expense
Who sets the monetary policy in the United States?
a. The Federal Reserve
b. Senate
, c. Supreme Court
d. Federal Trade Commission - ANS a. The Federal Reserve
Which of the following types of departmentalization works well for companies with
multiple product lines?
a. Homogeneous departmentalization
b. Product departmentalization
c. Functional departmentalization
d. Marketing departmentalization - ANS b. Product departmentalization
A
Which of the following is an example of a middle manager?
VI
a. teller at a bank
b. Salesperson in a retail store
TU
c. Director of marketing C. Chief executive officer
d. Director of marketing - ANS d. Director of marketing
Which of the following is the rate at which a unit of currency of one country can be
IS
exchanged for a unit of currency of another country?
a. inflation rate
OM
b. treasury rate
c. tax rate
d. exchange rate - ANS d. exchange rate
Which of the following is NOT part of the analysis for the creditworthiness of borrowers?
NA
a. family interviews
b. judgement
c. Formal credit scoring models
d. Risk assessment worksheets - ANS a. family interviews
JP
An annual fee is an amount paid to you by the credit card company for using their
service each year.
T or F? - ANS False
Which of the following is an example of a variable expense?
