Business Foundations

Front

How will forming a partnership help Maria accomplish her business goals? Options: The partner will run the business as she sees fit., The partner will not be required to pay taxes., The partnership can provide another source of capital., Maria will need to split profits with the partner.

Back

The partnership can provide another source of capital.

Front

How might Maria's credit rating affect her ability to obtain a loan?

Back

She may have to pay a higher interest rate or be denied for the loan.

Front

Why might Maria have a poor credit rating?

Back

She has a poor payment history.

Front

What is a channel of communication that allows you to reach a large number of people at one time and is relatively inexpensive and easy to use?

Back

social media

Front

What is the business advantage realized by implementing reduced use of paper products?

Back

reduced cost

Front

Which item allows employees to retrieve information offsite? A. Reduced use of paper products B. Improved efficiency C. Less storage space D. Global access

Back

Global access

Front

What is a purpose of a budget?

Back

To project income and expenditures.

Front

Which document best represents the state of a business's overall financial health? Options: income statement, balance sheet, statement of cash flows, trial balance

Back

balance sheet

Front

One technique of good listening is to use _______ cues to understand the speaker's point.

Back

nonverbal

Front

When a country specializes in providing products or services more efficiently than other countries, it is known as a

Back

comparative advantage.