Business Quiz 2-2-23

A 529 plan provides tax advantages when saving and paying for future health care costs.

• True

• False

A market in which supply is, or seems to be, plentiful and prices are, or seem to be, low.

• Bull market

• Seller's market

• Buyer’s market

• Bear market

Which business recently announced it would be closing 87 stores?

• Bed Bath and Beyond

• Best Buy

• Build-A-Bear

• Burger King

Globally, McDonald's same-store sales ____ in the fourth quarter.

• climbed 12.6%

• remained the same

• fell 12.6%

What does it mean to buy something on credit?

• You are being recognized for it.

• You will pay for it at a later date.

• Your balance is decreasing.

• You pay in full upon purchase.

The cost of a 30-second Super Bowl ad in 1967 was ___.

• $5,000

• $42,500

• $112,500

• $450,000

The cost of a 30-second ad at this year's Super Bowl is ____.

• $425,000

• $1.75 million

• $7 million

• $45 million

A couple with a young baby each purchases a life insurance policy. What is the payment called that they will regularly make to the insurance company?

• Premium

• Co-payment

• Dividend

• Safety net

Who is this famous businessperson?

• Jimmy Pitaro, President of ESPN

• Tim Cook, CEO of Apple

• Bob Iger, CEO of Disney

• Michael Ovitz, former CEO of Disney

Which of the following could help raise revenue to build a new sports stadium?

• Specific bonds issued for the project

• The raising of revenue through a special tax

• Solicitation of private donations

• All of the above