

Quality & Business Acumen Practice Test 2 Part B
Flashcard
•
Business
•
8th Grade
•
Practice Problem
•
Hard
Wayground Content
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19 questions
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1.
FLASHCARD QUESTION
Front
The term "bottom line" refers to...
Back
Net Profit
2.
FLASHCARD QUESTION
Front
All businesses are successful because the owners want it to succeed and put their effort and capital into it. True or False?
Back
False
3.
FLASHCARD QUESTION
Front
Competition in business is bad for the consumer since it drives down the quality of goods for the same price. True or False?
Back
False
4.
FLASHCARD QUESTION
Front
Reports a company’s financial standing for a moment in time
Back
Balance sheet
5.
FLASHCARD QUESTION
Front
Calculate the Future Value for the following investment: $12,000 invested over four years in an account that yields 4% interest per year. A = P(1+rt)
Back
$13,920
6.
FLASHCARD QUESTION
Front
Quality is a major component in analyzing the cost of production
Back
True
7.
FLASHCARD QUESTION
Front
Which does M stand for in the DMAIC acronym?
Back
Measure, measures
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