Bookout 6600 Business Concepts
Final Exam and Correct Actual
Answers 2025.
Product Placement - Answer Putting products into TV shows and Movies where they will be
seen
B2B - Answer All individuals and organizations that want goods and services to use in
producing other goods and services or to sell, rent, or supply goods to others
Common Stock - Answer The most basic form of ownership in a firm.
1.Voting rights
2.Right to share in profits through dividends
Commercial Paper - Answer Unsecured promissory notes of $100,000and up that matures in
270 days or less
Corporate responsibility - Answer The dimension of social responsibility that includes
everything from hiring minorities to making safe products "
Contingency Plan - Answer The process of preparing alternative courses of action that may be
used if the primary plans don't achieve the organization's objectives
Dividend - Answer Part of a firm's profits that the firm may distribute to stockholders as either
cash payments or additional shares of stock
Equity financing - Answer Money raised from within the firm, from operations or through the
sale of ownership in the firm's stock or venture capital
FDIC - Answer An independent organization agency of the US Gov't that insures bank deposits
Greening - Answer The trend toward saving energy and producing products that cause less
harm to the environment
, Identity Theft - Answer Obtaining an individuals personal information , such as Social Security,
and credit card numbers, for illegal purposes
Insider Trading - Answer An unethical activity in which insiders use private company
information to further their own fortunes or those of their family and friends
Junk Bonds - Answer high risk, high interest bonds
line of credit - Answer a given amount of unsecured short term funds a bank will lend to a
business , provided the funds are readily available
Long term financing - Answer Funds needed for more than a year
Marketing Mix - Answer Product, Price, Place and Promotion
Middle management - Answer General managers, division managers, and branch and plant
managers who are responsible for tatical planning and controlling
Over the Counter Market - Answer Exchange that provides a means to trade stocks not listed
on the national exchange
Product line - Answer A group of products that are similar or are intended for a similar market
Product mix - Answer The combination of product lines offered by a manufacturer
Product screening - Answer A process designed to reduce the number of new product ideas
being worked on at one time
Short term financing - Answer Funds needed for a year or less
Standard of Living - Answer The amount of goods and services people can buy with the money
they have
Final Exam and Correct Actual
Answers 2025.
Product Placement - Answer Putting products into TV shows and Movies where they will be
seen
B2B - Answer All individuals and organizations that want goods and services to use in
producing other goods and services or to sell, rent, or supply goods to others
Common Stock - Answer The most basic form of ownership in a firm.
1.Voting rights
2.Right to share in profits through dividends
Commercial Paper - Answer Unsecured promissory notes of $100,000and up that matures in
270 days or less
Corporate responsibility - Answer The dimension of social responsibility that includes
everything from hiring minorities to making safe products "
Contingency Plan - Answer The process of preparing alternative courses of action that may be
used if the primary plans don't achieve the organization's objectives
Dividend - Answer Part of a firm's profits that the firm may distribute to stockholders as either
cash payments or additional shares of stock
Equity financing - Answer Money raised from within the firm, from operations or through the
sale of ownership in the firm's stock or venture capital
FDIC - Answer An independent organization agency of the US Gov't that insures bank deposits
Greening - Answer The trend toward saving energy and producing products that cause less
harm to the environment
, Identity Theft - Answer Obtaining an individuals personal information , such as Social Security,
and credit card numbers, for illegal purposes
Insider Trading - Answer An unethical activity in which insiders use private company
information to further their own fortunes or those of their family and friends
Junk Bonds - Answer high risk, high interest bonds
line of credit - Answer a given amount of unsecured short term funds a bank will lend to a
business , provided the funds are readily available
Long term financing - Answer Funds needed for more than a year
Marketing Mix - Answer Product, Price, Place and Promotion
Middle management - Answer General managers, division managers, and branch and plant
managers who are responsible for tatical planning and controlling
Over the Counter Market - Answer Exchange that provides a means to trade stocks not listed
on the national exchange
Product line - Answer A group of products that are similar or are intended for a similar market
Product mix - Answer The combination of product lines offered by a manufacturer
Product screening - Answer A process designed to reduce the number of new product ideas
being worked on at one time
Short term financing - Answer Funds needed for a year or less
Standard of Living - Answer The amount of goods and services people can buy with the money
they have
