Praxis practice
Quiz
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Business
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Professional Development
•
Medium
Candice Smith
Used 1+ times
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75 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A command economy (planned economy/Communist) is characterized by:
Businesses commanding all aspects of the economy
A laissez-faire approach by the government
A moderate amount of government intervention in the economy
The government controlling nearly all aspects of the economy, including prices & production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In marketing, the demand for a product is directly influenced by:
Customers' desire for a product
Customers' ability to obtain a product
Availability of a product (refers to supply, NOT demand)
Both A and B
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a responsibility of the Securities & Exchange Commission (SEC)?
Regulating securities
Investigating insider trading
Setting interest rates [Federal Reserve is responsible for this]
Processing applications for initial public offerings (IPOs) of stock
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Sarbanes-Oxley Act of 2002:
Vastly reduced the financial reporting obligations that corporations face
Deregulated public utilities
Was intended to fight corporate & accounting fraud [in the wake of several huge scandals that brought down major U.S. corporations. This bill reformed the rules and regulations governing corporations' financial disclosures, and increased financial reporting obligations.]
Reduced tariffs on trade among North American countries
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An employee earns $2,000.00 per month in gross pay, but pays 9% in federal taxes, 3% for state taxes, and 2% for local taxes. After tax, the company withholds $104.36 for health insurance. What is the employee's net pay?
$2,000.00
$1,615.64
$1,820.00
$1,720.00
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A market in which product availability exceeds demand is called a:
Free market
Seller's market
Buyer's market
Black market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a part of Maslow's hierarchy of needs?
[Maslow's theory that once people satisfy basic needs like food, water, and physical security, they begin to pursue needs higher up the hierarchy, like social acceptance, self-esteem, and self-actualization.]
Self-actualization
Esteem
Safety
Supply & demand
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