Business Management Marketing and Financial Information

A business activity that is defined as the planning, recording, analyzing, and interpreting of financial information. 

• Retailing 
• Wholesaling
• Accounting
• Manufacturing

Which of the following is the definition of Marketing? 

• manufacturing goods for consumption
• getting goods to where they are needed
• finding the money necessary to start and finance a business 
• all activities that link producers to consumers in order that exchanges can be made 

Which term describes an amount owed by a business? 

• An asset
• Owner's equity
• A liability
• Capital

Which of the following definitions describes the marketing mix?

• product, place, promotion, and price 
• a promise from the seller that says that the seller will replace a product that does not perform as expected 
• philosophy that all business activities should be aimed towards satisfying that consumer 
• form of promotion that determines clients needs and wants 

Which of the following refers to organized summaries of business's financial activities? 

• Financial Statements 
• Accounting Records 
• Banking Worksheets
• Balance Sheet

What is the purpose of promotion?

• to inform people about products 
• to receive customer feedback 
• to persuade people to buy a product 
• to increase competition in marketplace

What is the basic accounting equation?

• capital=assets+liability
• assets=capital- liability
• liabilities=assets+capital
• assets=liabilities+capital

Which of the following is not an element of the marketing mix?

• Place
• Price
• Product
• Purpose

What is the term for a facility used by wholesalers or retailers for the receipt, temporary storage, and redistribution of goods according to the customer orders as they are received?

• A warehouse
• A distribution center 
• A piggy-back service 
• A telemarketing facility 

Statement of a firm's financial position on a particular date including assets, liabilities, and owner's equity  

• Balance Sheet 
• Budget 
• Mission Statement 
• Retail