BADM FINAL TEST REVIEW
QUESTIONS AND 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'? - Correct
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. - Correct Answers -c. "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. - Correct Answers -earnings per share
________________________________________ is the study of how to go about
making decisions regarding the use of scarce resources. - Correct Answers -economics
If you earn enough income to be in the highest tax bracket, It means that income earned
in that bracket is taxed at __________________%. (number) - Correct Answers -37%
_____________________________ (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. - Correct Answers -corporate social responsibility
In both PCAOB and FASB the A is for ____________________________ - Correct
Answers -accounting
,No one wants to be a ________________________ borrower (one s word). Getting
credit would be more difficult and the costs would be greater. - Correct Answers -
subprime
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. -
Correct Answers -niche
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. - Correct Answers -- manager
- organizing
The Fox family said in its hoverboard suit against Amazon that the e-tailer had violated
______________________ (two words P L) laws. - Correct Answers -product liability
In 2019 Walmart sold $514 billion worth of products and earned a profit of $6.6 billion,
make its _____________________________ 1.3% - Correct Answers -net margin
The three most populous nations in the world (in order starting with the most populous)
are: - Correct Answers -China, India, United States.
four words no punctuation:
Mattress maker XXXXX recently filed for a(n) XXXXX. - Correct Answers -Casper, 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 - Correct Answers -c. 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 - Correct Answers -e. 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. -
Correct Answers -food 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. - Correct Answers -entrepreneur
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 - Correct Answers -e. 51234
- WHITE, HISPANIC, BLACK, ASIAN, OTHER.
Consumer spending accounts for approximately _____ of the U.S economic output or
GDP.
Select one:
a. one-third
b. two-thirds
c. half
d. three-quarters
e. one-fifth - Correct Answers -b. two-thirds
What is the title of the corporate officer most responsible for deciding large corporate
issues like spinning off Smith and Wesson from American Outdoor Brands? (no
abbreviations) - Correct Answers -chief executive officer
QUESTIONS AND 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'? - Correct
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. - Correct Answers -c. "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. - Correct Answers -earnings per share
________________________________________ is the study of how to go about
making decisions regarding the use of scarce resources. - Correct Answers -economics
If you earn enough income to be in the highest tax bracket, It means that income earned
in that bracket is taxed at __________________%. (number) - Correct Answers -37%
_____________________________ (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. - Correct Answers -corporate social responsibility
In both PCAOB and FASB the A is for ____________________________ - Correct
Answers -accounting
,No one wants to be a ________________________ borrower (one s word). Getting
credit would be more difficult and the costs would be greater. - Correct Answers -
subprime
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. -
Correct Answers -niche
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. - Correct Answers -- manager
- organizing
The Fox family said in its hoverboard suit against Amazon that the e-tailer had violated
______________________ (two words P L) laws. - Correct Answers -product liability
In 2019 Walmart sold $514 billion worth of products and earned a profit of $6.6 billion,
make its _____________________________ 1.3% - Correct Answers -net margin
The three most populous nations in the world (in order starting with the most populous)
are: - Correct Answers -China, India, United States.
four words no punctuation:
Mattress maker XXXXX recently filed for a(n) XXXXX. - Correct Answers -Casper, 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 - Correct Answers -c. 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 - Correct Answers -e. 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. -
Correct Answers -food 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. - Correct Answers -entrepreneur
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 - Correct Answers -e. 51234
- WHITE, HISPANIC, BLACK, ASIAN, OTHER.
Consumer spending accounts for approximately _____ of the U.S economic output or
GDP.
Select one:
a. one-third
b. two-thirds
c. half
d. three-quarters
e. one-fifth - Correct Answers -b. two-thirds
What is the title of the corporate officer most responsible for deciding large corporate
issues like spinning off Smith and Wesson from American Outdoor Brands? (no
abbreviations) - Correct Answers -chief executive officer
