WorksheetsFinal Exam DE Business
Total questions: 25
Worksheet time: 6hrs 15mins
In labor relations, formal negotiation with business managers in the industry is referred to as:
labor contract
collective bargaining
arbitration
mediation
A fee paid to an agent or employee for transacting a piece of business or performing a service is a:
commission
wage
service
salary
Fixed compensation paid regularly for services is known as:
tip
bonus
wage
salary
An explanation of what a position at a company will require from an employee is:
job application
job description
resume
job promotion
The branch of management that supports employees within an organization is called:
human management
organizational management
human resources management
resource management
The amount of money expected in payment for a good or service is called the:
product
promotion
place
price
The marketing 'P' that involves the path products take to get to the user and involves the channel of distribution is called:
product
promotion
place
price
Which of the following is NOT a marketing concept?
Company goals
Profits
Customer needs
Globalization
A specific group of people a business focuses on selling their product to is called:
target market
advertising
distribution
personal selling
The promotion of products through nonpersonal communication is:
marketing strategy
advertising
digital marketing
brand strategy
Cards issued by a bank that enable a customer to pay for a purchase with funds straight from their checking account are ________ cards.
credit
EFT
financial
Cybersecurity risks are associated with:
EFTs
credit cards
cash
both EFTs and credit cards
The transfer of money between individuals or businesses is known as:
finances
unit of measure
medium of exchange
store of value
What is the term used to describe an instrument of investment?
security
commission
medium of exchange
store of value
Misappropriation of business funds is known as:
embezzlement
unit of measure
cash
Fine
Which of the following is not a type of credit scenario?
trade credit
credit score
business credit
consumer credit
Which of the following is not a factor considered as part of a credit report?
Credit Practices Rule
Outstanding debts
How many types of credit accounts are opened
How punctual bills, taxes, and other utilities are paid
Which of the following is one of the 5 Cs of creditworthiness?
capacity
credit risk
creditor
consumer
An accounts receivable list shows:
the businesses credit scores
the businesses or customers who owe money to a business
the number of loans the owner has taken out
the number of accounts the owner has opened
Which of the following is not a component of APR?
length of repayment period
credit principal
interest rate
type of business
What tool is used to capture a detailed record of transactions in chronological order?
accounting journal
liability
accounting equation
ratio
Current assets / current liabilities =
owner's equity
debt ratio
operating ratio
A budget that projects a business’s cash flow is called:
sales forecast
cash budget
operating budget
start-up budget
Accounts payable is:
the money owed to a business
a planned estimate for how much money a business will make
the system of measuring, verifying, and communicating financial transactions in a business
money a business owes to another entity
Assets = liabilities + owners equity is an example of
net profit
debt ratio
the accounting equation
current ratio
