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101 practice exam

101 practice exam - PRACTICE EXAM QUESTIONS Origin Chapter...

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PRACTICE EXAM QUESTIONS Origin: Chapter 20 Securities Markets 1.Government employees represent institutional investors. A) True B) False Origin: Chapter 20 Securities Markets 2.As interest rates increase, bond prices fall. A) True B) False Origin: Chapter 1 Managing Within the Dynamic..., 3.John earns the same amount of money this year as he did last year. Thus, his standard of living must be the same as it was last year. A) True B) False Origin: Chapter 5 Forms of Business Ownership, 4.Ellen wants to start a business. She is leaning toward setting up her company as a sole proprietorship, but she is also looking at other possibilities. Ellen has two major goals. First, given her limited personal wealth and eagerness to get started, she wants to get her business up and running with the least possible hassle and expense. Second, she wants to minimize her personal risk in the event that her company experiences difficulties. If Ellen chooses a sole proprietorship, she would: A) be able to achieve both goals since this form of ownership is both the easiest to form and the least risky. B) meet her first goal since sole proprietorships are easy and inexpensive to form. However, she would expose herself to a high level of personal risk because owners of sole proprietorships have unlimited liability. C) not achieve either goal since proprietorships are both costly to set up and subject to unlimited liability. D) achieve her second goal, since the owners of sole proprietorships are legally protected from losing more than the amount they invest in their company. However, she would find that the start-up costs would be higher than if she had incorporated her business. Origin: Chapter 3 Competing in Global Markets, 5.The European Union is an example of a common market. A) True B) False
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Origin: Chapter 13 Marketing 6.A key element of customer relationship management is to: Origin: Chapter 14 Developing and Pricing..., 7.Budd's Floral Shoppe is located in a large town that has several other florists. The owner, Rose Budd, is likely to find that the presence of many larger competitors means that the only way she can survive is to charge rock bottom prices. A) True B) False Origin: Chapter 3 Competing in Global Markets
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