WorksheetsSEM Final Review 1
Total questions: 17
Worksheet time: 9mins
Ethics is
doing what is easy
not getting caught
a system for deciding between right and wrong
all the above
Principles
are applied to only certain people
are rules and codes of conduct for ethical behavior
have no effect on businesses
none of the above
Profit
The amount of money remaining from income after all expenses are paid
Amount of money earned
Extra money
Money found
A company's wealth in the form money and property
Profit
capital
revenue
allowance.
The study of how goods and services are produced, distributed and consumed
Marketing
Retailing
Economics
Uses
Risk is
The possibility of injury
possibility of losing credibility
The possibility of financial gain or loss or personal injury
Credit score adjustment
Occurs when not enough revenue is made to cover expenses
Profits
Balances
Loss
Forecast
Scarcity happens
Always
when a limited amount of a resource is available
when resources are expensive
When resources are lost
Categories of economic utiilty include
place
possession
time
all of the above
Sources of revenue for NFL teams include
budgets, editing, and talk shows
first downs, field goals, and passes completed
TV, partners, sponsorships, and ticket sales
all of the above
Some potential sources of funding a new movie include
The American Film Market
investors
major film studios
All of the above
Return on investment
The return policy
Investing in products outside the country
A measurement that calculates the business's return as a percentage of the money invested.
Financing provided to start a company in return for owning part of it
Which of the following is an example of an ongoing financial cost to a business?
salaries
office furniture
investors, networks, and revenue
none of the above
Forecasting involves
`purchasing and promotion
pricing and ticket sales
predicting expenses and revenue
planning, distribution, price, and advertising
Which City is the largest TV sports market in the United States?
Los Angeles
Houston
New York City
Chicago
The value of the next best alternative that you pass up when making a choice is
back up plan
Step 2
Plan B
opportunity cost
When a business has a profit motive, it makes decisions on how to use resources
To limit losses
To minimize deductions
To maximize profits
To keep from going bankrupt
