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WorksheetsPBMF TEKS Spring
Total questions: 36
Worksheet time: 18mins
A personal check for which a bank has guaranteed payment is called a ______.
Bankers Check
Cashier's Check
Certified Check
Traveler's Check
An insurance policy states the conditions to which:
The insurance company and the policyholder has agreed
The insurance company and the insured has agreed
The insurer and the insured have agreed
The policyholder and the insurer have agreed.
Which of the following refers to how much a job pays and the benefits offered?
Minimum Wage
Wage
Compensation
Supervision
Total Revenue - Total Expenses =
Assets
Owners Equity
Liabilities
Net Income
Choose the best sentence that represents the relationship between market segmentation and mass marketing
Segmentation breaks the market into smaller groups based on variables. Mass marketing targets a large group.
Mass marketing breaks the market into smaller groups based on variables. Segmentation targets a large group.
Both statements are true
Neither statement is true
A store claims it is out of an advertised item and tries to get you to buy a more expensive one is doing this:
Boycotting
Product Testing
Recycling
Bait and switch
Take-home pay is:
The amount of paycheck before taxes and other payroll deductions
The amount you will receive when you cash your paycheck
The money you will have available to spend as a result of working, plus any other income
Cash inflows minus cash outflows
Typical e-banking services allow customers to do all of the following EXCEPT
Obtain cash
Print new checks
Transfer funds from savings to checking
Pay bills online
In simple terms, ___ are what a company owns.
Assets
Profits
Owner's Equity
Revenues
The total amount it costs you for a loan, including interest and fees is called:
Principal
Finance Charge
Variable Rate
Annual Percentage Rate
Your net worth is:
The total value of your personal assets
The difference between your assets and your liabilities
The total amount of all of your investment
What you have left over in your paycheck each week after deductions are taken out.
Which function of marketing involved moving goods form one place to the end user?
Distribution
Marketing Information Management
Financing
Promotion
When you use a card for ATM transactions, you are using :
Debit
Credit
Smart
Stored Data
A business will make a profit if:
Revenue equals expenses
Revenue is greater than expenses
Expenses decrease and revenue increases
Expenses are greater than revenue
Which of the following refers to an agreement to get money, goods, or services now in exchange for a promise to pay in the furture?
Creditor
Credit
Interest
Debtor
The evaluation of how well an employee is doing is known as:
Compensation
Performance Appraisal
Interview Process
Recruitment Process
The evaluation of how well an employee is doing is known as
Compensation
Performance appraisal
Interview process
Recruitment process
This type of credit is used by people for personal reasons:
Commercial credit
Consumer credit
Producer credit
Mixed credit
The first step of the budgeting process is to:
Prepare a list of each type of income and expense that will be part of the budget
Calculate each type of income, expense, and the amount of net income or loss
Explain the budget to people who need to makes a financial decision
Gather accurate financial information
Employees must make matching contributions to:
Income taxes
unemployment taxes
FICA (Social Security and Medicare taxes)
All of the above
Except for some retirement accounts, the FDIC insures all accounts in the same name at each back up to an amount
$2,500
$25,000
$250,000
$2,500,000
A business that buys products from wholesalers or directly from producers and sells them to consumers to make a profit is called:
Retailers
Wholesalers
Manufacturers
Direct Sale Retailers
Ove of the first things creditors consider before lending you money is:
Annual percentage rate
your capacity to pay
your race, religion, or gender
your lifestyle
The process of finding, selecting, training, and evaluating employees is known as:
Orientation management
Performance appraisal
Supervising
Human Resource Management
This is NOT a reason to be denied credit:
Gender
Low income
High debt ratio (capacity)
Poor credit history
Which of the following pays the amount of insurance policy upon the death of the insured?
Disability insurance
Life insurance
Health insurance
Workers
Which of the following is NOT part of the Marketing Mix?
Product
Promotion
Price
Processing
Which of the following is a variable expense?
Rent
Groceries
Mortgage Payment
Insurance premium
Mortgage payments are:
Almost always lower than rent payments
Generally do not include property taxes and insurance
Commonly paid on a weekly basis
Usually long-term loans
Which loan is backed by collateral?
Any bank loan
Only pawn shop loans
Secured loans
Principal loans
The amount a policyholder must pay for insurance coverage is a:
premium
claim
deductible
ransom
A business that purchases large amounts of goods directly from manufacturers to resell in smaller quantities is called:
Retailers
Manufacturers
Channel Members
Wholesalers
The dynamic activities that identify, anticipate, and satisfy customer demand while making a profit is called:
Marketing Strategy
Marketing
Marketing Plan
The Marketing Mix
This notice requires that information about all costs of borrowing be given to the borrower by the creditor:
Equal Credit Opportunity Act
Fair Credit Billing Act
Usury Law
Truth-in-Lending Disclosures
In regarding the 4 P's of marketing, which best describes place?
the process of communicating with customers to influence buying behavior
An amount of money requested or exchanged for a product
The activities involved in getting goods and services to customers
anything that can be bought or sold
Zack endorsed a check by writing "For Deposit Only" above his signature. This is a:
Restrictive endorsement
Full endorsement
Blank endorsement
Special endorsement
