Into to Business Final Exam Review (100 questions)

Front

Braelyn, Victor, and Diego are running a local bakery. They are trying to understand their current assets. Which of the following would NOT be considered a current asset in their bakery? Accounts Receivable, Land, Prepaid Insurance, Baking Supplies

Back

Land

Front

What term refers to short-term IOUs issued by the U.S. federal government?

Back

US Treasury Bills (T-Bills)

Front

What type of investment did Jeff, Zahra, and Braelyn choose for their summer job earnings? They chose a mutual fund that collects money from many young investors like them and uses these funds to buy very safe, highly liquid securities.

Back

They invested in Money Market Mutual Funds.

Front

What does 'Current Asset' mean?

Back

Cash and any other asset that the business plans to turn into cash or consume within one year or within the operating cycle.

Front

Kevin and Oslin started a bakery business and they have some baking ingredients in stock. These ingredients are classified as _____________ in their balance sheet.

Back

current asset

Front

Jeff and Ahmedin are partners in a tech startup. They are considering taking out a bank loan to expand their business. This approach is known as...

Back

debt financing

Front

Kevin, Cristopher, and Zahra are thinking about purchasing a vintage car. They believe that if the car's value appreciates over time, they could sell it for a higher price. This is an example of what?

Back

investment

Front

Rae, a shareholder in Selina's tech startup, has a ________________________ in the company. This means she owns part (or stock shares) of Selina's company.

Back

% of ownership

Front

What term best describes Joel and Zahra's role in organizing and operating a new tech startup while taking on greater than normal financial risks?

Back

entrepreneur

Front

What are individuals called who invest in promising tech startups?

Back

Angel Investor