2023 State FBM

2023 State FBM

11th Grade

50 Qs

quiz-placeholder

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2023 State FBM

2023 State FBM

Assessment

Quiz

Business

11th Grade

Practice Problem

Hard

Created by

Alyse B

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50 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An obligation to pay, such as a loan or account payable

Debit

Direct cost

Debt

Equity

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The true annual rate at which interest is charged on a loan is called _________?

APR

Annual Percentage Rate

Interest Rate

Nominal Rate

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Holding all else constant

Ceteris Paribus

Cetal Oslandius

Blissus leucopterus

Sebum Maribus

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

All real-world economies are

Market

Command

Mixed

All of these

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In a market economy, price serves to:

Exclude certain buyers

Determine production levels and ration consumption levels

Mark up wholesale product costs by a preset percentage

All of the above

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A producer is:

An individual who make a good or service

A Firm that produces a product

A business that makes a product and sells it for profit

All of these are true

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

ROA is the acronym for Return On Annuity

True

False

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