Business management, Marketing, and
Technology MTTC; Qs & As
A command economy is characterized by: Correct Answer-The government controlling
prices and production
Which of the following is not a responsibility of the Securities and Exchange Commission
(SEC)?
a. Regulating securities
b. Investigating insider trading
c. Setting interest rates
d. Processing applications for initial public offerings (IPOs) Correct Answer-Setting interest
rates
In marketing, the demand for a product is directly influenced by: a. Customers' desire for a
product
b. Customers' ability to obtain a product
c. Availability of a product
d. Both A and B Correct Answer-Both A and B
, Business management, Marketing, and
Technology MTTC; Qs & As
The Sarbanes-Oxley Act of 2002: Correct Answer-Was intended to fight corporate and
accounting fraud
An employee earns $2,000.00 per month in gross pay, but pays $104.36 for health insurance,
9% in federal taxes, 3% for state taxes, and 2% for local taxes. What is the employee's net
pay? Correct Answer-$1,615.64
A market in which product availability exceeds demand is called a: Correct Answer-Buyer's
Market
Which of the following is not a part of Maslow's hierarchy of needs?
a. Self-actualization
b. Esteem
c. Safety
d. Supply and demand Correct Answer-Supply and Demand
Which of the following countries is not part of NAFTA?
, Business management, Marketing, and
Technology MTTC; Qs & As
a. Mexico
b. United States
c. Canada
d. China Correct Answer-China
A consumer's credit score is directly influenced by which of the following factors? Correct
Answer-Debt Repayment History
Upon which organization does the international community primarily rely to deal with claims
of unfair protectionism by one country against another? Correct Answer-World Trade
Organization (WTO)
A homeowner is attempting to choose between several mortgage loans for a $200,000 home.
Which of the following would have the lowest monthly payment?
a. A 30-year fixed rate mortgage at 6%
b. A 15-year fixed rate mortgage at 7%
c. A 30-year fixed rate mortgage at 12%
, Business management, Marketing, and
Technology MTTC; Qs & As
d. A 15-year fixed rate mortgage at 12% Correct Answer-A 30-year fixed rate mortgage at
6%
The biggest factor that leads American companies to manufacture their products overseas in
developing countries like China and India is: Correct Answer-Lower Labor Costs
Which of the following correctly summarizes the accounting equation for a sole
proprietorship? Correct Answer-Assets = Liabilities + Owner's Equity
In order to present a business plan to a group of potential investors, a businessperson would
most likely use which software? Correct Answer-Powerpoint
In order to start an online business, and individual would need all but which of the following:
a. A business model
b. A website
c. An email address
d. A fax machine Correct Answer-A fax machine
Technology MTTC; Qs & As
A command economy is characterized by: Correct Answer-The government controlling
prices and production
Which of the following is not a responsibility of the Securities and Exchange Commission
(SEC)?
a. Regulating securities
b. Investigating insider trading
c. Setting interest rates
d. Processing applications for initial public offerings (IPOs) Correct Answer-Setting interest
rates
In marketing, the demand for a product is directly influenced by: a. Customers' desire for a
product
b. Customers' ability to obtain a product
c. Availability of a product
d. Both A and B Correct Answer-Both A and B
, Business management, Marketing, and
Technology MTTC; Qs & As
The Sarbanes-Oxley Act of 2002: Correct Answer-Was intended to fight corporate and
accounting fraud
An employee earns $2,000.00 per month in gross pay, but pays $104.36 for health insurance,
9% in federal taxes, 3% for state taxes, and 2% for local taxes. What is the employee's net
pay? Correct Answer-$1,615.64
A market in which product availability exceeds demand is called a: Correct Answer-Buyer's
Market
Which of the following is not a part of Maslow's hierarchy of needs?
a. Self-actualization
b. Esteem
c. Safety
d. Supply and demand Correct Answer-Supply and Demand
Which of the following countries is not part of NAFTA?
, Business management, Marketing, and
Technology MTTC; Qs & As
a. Mexico
b. United States
c. Canada
d. China Correct Answer-China
A consumer's credit score is directly influenced by which of the following factors? Correct
Answer-Debt Repayment History
Upon which organization does the international community primarily rely to deal with claims
of unfair protectionism by one country against another? Correct Answer-World Trade
Organization (WTO)
A homeowner is attempting to choose between several mortgage loans for a $200,000 home.
Which of the following would have the lowest monthly payment?
a. A 30-year fixed rate mortgage at 6%
b. A 15-year fixed rate mortgage at 7%
c. A 30-year fixed rate mortgage at 12%
, Business management, Marketing, and
Technology MTTC; Qs & As
d. A 15-year fixed rate mortgage at 12% Correct Answer-A 30-year fixed rate mortgage at
6%
The biggest factor that leads American companies to manufacture their products overseas in
developing countries like China and India is: Correct Answer-Lower Labor Costs
Which of the following correctly summarizes the accounting equation for a sole
proprietorship? Correct Answer-Assets = Liabilities + Owner's Equity
In order to present a business plan to a group of potential investors, a businessperson would
most likely use which software? Correct Answer-Powerpoint
In order to start an online business, and individual would need all but which of the following:
a. A business model
b. A website
c. An email address
d. A fax machine Correct Answer-A fax machine
