BADM FINAL TEST REVIEW QUESTIONS
& ANSWERS
Thirty seconds of advertising time during the Super Bowl costs $ _______________________
million (two digits one decimal). So what did we get out of the Mr. Peanut death commercial--
how did it make us bigger fans of Planters'? - ANSWERS$5.6 million
Which of the following is *not true* of the decade 2010-2019?
Select one:
a. The number of air pollution deaths went down.
b. Global life expectancy went up.
c. "Extreme poverty" expanded.
d. The child mortality rate went down.
e. The world's poor got richer. - ANSWERSc. "Extreme Poverty" expanded
Union Pacific's fourth quarter earnings were $1.4 billion. It's EPS was $2.02. What is EPS?
______________________________ (three words)
Hopefully its precision-scheduled railroading with 3,000 fewer employees will help its 2020
performance. - ANSWERSearnings per share
________________________________________ is the study of how to go about making
decisions regarding the use of scarce resources. - ANSWERSeconomics
If you earn enough income to be in the highest tax bracket, It means that income earned in that
bracket is taxed at __________________%. (number) - ANSWERS37%
,_____________________________ (three words C S R) refers to the notion that businesses
(especially the biggest ones), in addition to maximizing shareholder value, must act in a manner
that benefits society.
- It has become more important than in the past for investors and consumers to seek companies
that are not just profitable but also contribute to the welfare of society and the environment.
However, critics argue that the basic nature of business does not consider society as a
stakeholder. - ANSWERScorporate social responsibility
In both PCAOB and FASB the A is for ____________________________ - ANSWERSaccounting
No one wants to be a ________________________ borrower (one s word). Getting credit would
be more difficult and the costs would be greater. - ANSWERSsubprime
Companies must decide how they intend to beat the competition--how they will make a profit--
what their money-making model will be. Pioneer Equipment is certainly not a Walmart or
Starbucks, but they seem to be doing very well with a ____________________________ (one
word n or f) strategy for making money. - ANSWERSniche
If you are a(n) XXXXX at your organization, you are charged with successfully carrying out the
functions planning, XXXXX, leading, and controlling the use of human, financial, and material
resources. - ANSWERS- manager
- organizing
The Fox family said in its hoverboard suit against Amazon that the e-tailer had violated
______________________ (two words P L) laws. - ANSWERSproduct liability
In 2019 Walmart sold $514 billion worth of products and earned a profit of $6.6 billion, make its
_____________________________ 1.3% - ANSWERSnet margin
The three most populous nations in the world (in order starting with the most populous) are: -
ANSWERSChina, India, United States.
,four words no punctuation:
Mattress maker XXXXX recently filed for a(n) XXXXX. - ANSWERSCasper, initial public offering
Approximately _____ of U.S. economic output (GDP) is accounted for by American consumer
spending.
Select one:
a. 25%
b. half
c. two-thirds
d. 40%
e. three-quarters - ANSWERSc. two-thirds
1. China
2. Japan
3. United States
Choose the correct order of countries from highest per capita GDP to lowest per capita GDP.
Select one:
a. 2-1-3
b. 1-2-3
c. 3-1-2
d. 2-3-1
e. 3-2-1 - ANSWERSe. 3-2-1
- US, JAPAN, CHINA
, Some would say that stores like Dollar General and Family Dollar have a moral responsibility to
address the problem they call __________________________ (two words). The term refers to
the fact that these stores do not ordinarily carry fresh vegetables and fruit, meaning that the
poor neighborhood's residents have inadequate access to good nutrition. Instead they routinely
carry lots of chips and Klondike bars. - ANSWERSfood desert
A(n) __________________________________ is an individual who creates a new business,
bearing most of the risks and enjoying most of the rewards. Such a person is commonly seen as
an innovator, a source of new ideas, goods, services, and business/or procedures. -
ANSWERSentrepreneur
1 Hispanic
2 Black-African American
3 Asian
4 Other
5 White not Hispanic
Which of the following sequences of numbers correctly arranges the U.S. population from most
to least?
Select one:
a. 23415
b. 12345
c. 52314
d. 53214
e. 51234 - ANSWERSe. 51234
- WHITE, HISPANIC, BLACK, ASIAN, OTHER.
Consumer spending accounts for approximately _____ of the U.S economic output or GDP.
Select one:
& ANSWERS
Thirty seconds of advertising time during the Super Bowl costs $ _______________________
million (two digits one decimal). So what did we get out of the Mr. Peanut death commercial--
how did it make us bigger fans of Planters'? - ANSWERS$5.6 million
Which of the following is *not true* of the decade 2010-2019?
Select one:
a. The number of air pollution deaths went down.
b. Global life expectancy went up.
c. "Extreme poverty" expanded.
d. The child mortality rate went down.
e. The world's poor got richer. - ANSWERSc. "Extreme Poverty" expanded
Union Pacific's fourth quarter earnings were $1.4 billion. It's EPS was $2.02. What is EPS?
______________________________ (three words)
Hopefully its precision-scheduled railroading with 3,000 fewer employees will help its 2020
performance. - ANSWERSearnings per share
________________________________________ is the study of how to go about making
decisions regarding the use of scarce resources. - ANSWERSeconomics
If you earn enough income to be in the highest tax bracket, It means that income earned in that
bracket is taxed at __________________%. (number) - ANSWERS37%
,_____________________________ (three words C S R) refers to the notion that businesses
(especially the biggest ones), in addition to maximizing shareholder value, must act in a manner
that benefits society.
- It has become more important than in the past for investors and consumers to seek companies
that are not just profitable but also contribute to the welfare of society and the environment.
However, critics argue that the basic nature of business does not consider society as a
stakeholder. - ANSWERScorporate social responsibility
In both PCAOB and FASB the A is for ____________________________ - ANSWERSaccounting
No one wants to be a ________________________ borrower (one s word). Getting credit would
be more difficult and the costs would be greater. - ANSWERSsubprime
Companies must decide how they intend to beat the competition--how they will make a profit--
what their money-making model will be. Pioneer Equipment is certainly not a Walmart or
Starbucks, but they seem to be doing very well with a ____________________________ (one
word n or f) strategy for making money. - ANSWERSniche
If you are a(n) XXXXX at your organization, you are charged with successfully carrying out the
functions planning, XXXXX, leading, and controlling the use of human, financial, and material
resources. - ANSWERS- manager
- organizing
The Fox family said in its hoverboard suit against Amazon that the e-tailer had violated
______________________ (two words P L) laws. - ANSWERSproduct liability
In 2019 Walmart sold $514 billion worth of products and earned a profit of $6.6 billion, make its
_____________________________ 1.3% - ANSWERSnet margin
The three most populous nations in the world (in order starting with the most populous) are: -
ANSWERSChina, India, United States.
,four words no punctuation:
Mattress maker XXXXX recently filed for a(n) XXXXX. - ANSWERSCasper, initial public offering
Approximately _____ of U.S. economic output (GDP) is accounted for by American consumer
spending.
Select one:
a. 25%
b. half
c. two-thirds
d. 40%
e. three-quarters - ANSWERSc. two-thirds
1. China
2. Japan
3. United States
Choose the correct order of countries from highest per capita GDP to lowest per capita GDP.
Select one:
a. 2-1-3
b. 1-2-3
c. 3-1-2
d. 2-3-1
e. 3-2-1 - ANSWERSe. 3-2-1
- US, JAPAN, CHINA
, Some would say that stores like Dollar General and Family Dollar have a moral responsibility to
address the problem they call __________________________ (two words). The term refers to
the fact that these stores do not ordinarily carry fresh vegetables and fruit, meaning that the
poor neighborhood's residents have inadequate access to good nutrition. Instead they routinely
carry lots of chips and Klondike bars. - ANSWERSfood desert
A(n) __________________________________ is an individual who creates a new business,
bearing most of the risks and enjoying most of the rewards. Such a person is commonly seen as
an innovator, a source of new ideas, goods, services, and business/or procedures. -
ANSWERSentrepreneur
1 Hispanic
2 Black-African American
3 Asian
4 Other
5 White not Hispanic
Which of the following sequences of numbers correctly arranges the U.S. population from most
to least?
Select one:
a. 23415
b. 12345
c. 52314
d. 53214
e. 51234 - ANSWERSe. 51234
- WHITE, HISPANIC, BLACK, ASIAN, OTHER.
Consumer spending accounts for approximately _____ of the U.S economic output or GDP.
Select one:
