bus 10113-16 test – Flashcards
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distribution mix
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Which of the following refers to the combination of channels that a firm selects to get a product to end users?
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retailer
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An online comic book store is an example of which type of intermediary?
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broker
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Which of the following intermediaries matches numerous sellers and buyers as needed, often without knowing in advance who they will be?
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specialty stores
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Which of the following denotes small retail stores carrying only one product line or category of related products?
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physical distribution
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Which of the following terms refers specifically to the activities needed to move products efficiently from manufacturer to consumer?
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public warehouse
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Within which of the following storage facilities would one expect to see the widest variety of products stored?
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positioning and communicating information
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Which of the following describes two of the primary objectives of promotion?
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warranties
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Which of the following is NOT a type of sales promotion?
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retail distribution
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Which distribution channel is used by companies which distribute their goods through their own system of outlets?
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producers
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Which component of the distribution mix do agents and brokers represent in exchange for receiving commissions?
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discount houses
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Which of the following bargain retailers generate large sales volume by offering a wide variety of new products at substantial price reductions?
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video retailing
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Home Shopping Club and QVC are examples of which of the following retail sales outlet?
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public warehouses
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Which of the following will a large firm utilize when it needs temporary storage space for a large amount of products in immediate demand?
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creative selling
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Which of the following is crucial for high-priced consumer products such as homes and cars?
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to make it easier for customers to find products
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Which of the following BEST describes the purpose of point-of-sale displays?
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employees
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Who has access to intranets generally?
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electronic conferencing
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What is a computer-based system that allows people to communicate simultaneously from different locations via telephone, e-mail, or video?
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dataconferencing
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What feature allows people in remote locations to work simultaneously on one document?
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local area
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What type of network links computers and workstations, usually within one building?
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system software
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Which component directs the computer to the correct resources to use and how to use them?
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electronic conferencing
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Which type of communication technology is attractive to businesses because it eliminates travel expenses?
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data mining
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What is the term used for searching, sifting, and reorganizing pools of data to uncover useful information?
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identity theft
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Which term refers to the unauthorized stealing of personal information from a computer system?
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firewall
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What is the name of software and hardware that prevent hackers from accessing a company's internal network?
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client-server
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What is the most common type of network used in businesses?
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short range of distance
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What is the major limitation of Wi-Fi?
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the useful interpretation of facts and figures
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Which of the following BEST describes information?
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management information systems
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Which of the following supports an organization's managers by providing daily reports, schedules, plans, and budgets?
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a system that supports managers by providing daily reports, schedules, plans, and budgets that can be used for making decisions
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What is a management information system?
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to be able to send them tailor-made advertisements
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Why might businesses want to analyze data that reveal what consumers do in the marketplace?
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accounting
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Which of the following terms refers to the comprehensive system for collecting, analyzing, and communicating financial information?
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asset
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Which of the following terms refers to any economic resource that is expected to benefit a firm or individual who owns it?
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balance sheet
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Which of the following refers to the financial statement detailing a firm's assets, liabilities, and owners' equity?
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the process of reducing the value of fixed assets over time
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Which of the following BEST describes depreciation?
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goodwill
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Which of the following terms refers to the amount paid for an existing business beyond the value of its other assets?
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short-term solvency ratio
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Which of the following ratios measures a firm's ability to meet its current debt obligations?
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activity ratio
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Which of the following ratios evaluates management's use of resources?
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management advisory
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Bennequin Accounting has been hired by XYZ Manufacturing to help plan its merger with ABC Distribution. Which of the following terms BEST describes the capacity for which Bennequin has been hired?
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generally accepted accounting principles
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Which of the following refers to the rules and procedures governing the content and form of financial reports?
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Current liabilities are debts that are settled sooner than long-term debts.
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Which of the following statements BEST describes the difference between current and long-term liabilities?
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revenues, cost of revenues, operating expenses, and net income
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What are the major categories within an income statement?
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the revenue from selling bread at a local bakery
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Which of the following BEST illustrates cash flow from operations?
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operating activities, investing activities, financing activities
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Which of the following are the three categories on a company's cash flow statement?
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5 million
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A company ends the year with a net income of $7.5 million and earnings per share of $1.50. What is the number of common shares outstanding for this company?
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Securities and Exchange Commission
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Which of the following bodies enforces accounting and auditing rules and procedures?
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time deposits
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Which of the following has a fixed term?
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Federal Deposit Insurance Corporation
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Which of the following agencies guarantees the safety of all of its members' bank accounts?
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discount rate
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Which of the following terms refers to the interest level at which member banks can borrow money from the Federal Reserve System?
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the buying and selling of securities
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Which of the following BEST describes what is called the open-market operations of the Federal Reserve System?
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Units of money can be accurately matched with the value of goods.
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Which of the following is a consequence of the divisibility characteristic of money?
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Units of money do not expire after a certain time limit.
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Which of the following BEST describes the durability characteristic of money?
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medium of exchange
Save
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Money frees society from a system of barter. In doing so, money is performing which of the following functions?
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credit card account
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Which of the following is NOT part of the M-2 money supply?
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mutual savings banks and credit unions
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Which of the following financial institutions are considered to be owned by their depositors?
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By taking deposits and loaning out these funds, financial institutions expand the money supply.
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Which of the following statements BEST explains how financial institutions create money?
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by geographical region-Southeast, Northeast, West, etc.
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How are the individual Federal Reserve Banks organized?
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taxation
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Which of the following is NOT a primary tool for controlling the money supply?
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the USA Patriot Act
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Which of the following laws has had significant effects in maintaining bank identity records?
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Freddie Mac
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Which of the following financial institutions was taken over by the Federal Housing Finance Agency when it was on the verge of financial failure?
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The resulting improvements will help increase the productive capacity, and hence the international trade, of certain developing countries.
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Which of the following is the main justification for the World Bank to fund national improvements by making loans to build roads and hospitals?
