BUSINESS AND MONEY 1

If the banks lends you (te presta) money, is it free?

• Yes, it is.

• No, it isn't. You have to pay interests.

What is the salary?

• is the money that someone is paid each month by their employer

• is an economic system based on three fundamental elements

• is the instrument that buyers and sellers use to establish the price and quantity of any product or service they want to exchange

• is the means of payment for services, goods and products

Banks are private companies that accept the deposits of their customers

• FALSE

• TRUE

Answer explanation

They are public o private companies

If you don't have money and you want to buy a house, you can ask the bank for a...

• credit or loan

• house

• tax

What are the different types of expenses?

• 4 (fixed, obligatory, necessary variable and superfluous)

• 2 (fixed and variable)

• 4 (fixed, obligatory, necessary invariable and superfluous)

• There are no types

Expenses than occur regularly which amounts do not change are called....

• invariable

• variable

• fixed

• superfluous

What is the aim of all companies?

• obtain the highest profit no matter the costs

• obtain the highest profit with the lowest possible costs

• obtain the highest profit without capital and human resources

• obtain the lowest profit with the highest possible costs

Who is an entrepreneur?

• A person who starts a business and is willing to risk loss in order to make money

• A company that starts a business and is willing to risk loss in order to make money

• A person who continues a business and is willing to risk loss in order to make money

• A person who starts a business and is not willing to risk loss in order to make money

Which are the three basic elements of any market?

• The buyer​, the seller​

  and the prices

• Supply and demand

• Capital and human resources

• Expenses and savings

What has become and indispensable tool for informing and for convincing people to buy a product? (NO capital letters)

(a)