| A | B |
|---|
| Brad refuses to eat a new product because of a warning from the United States Department of Agriculture. This is an example of which type of consumer information source? | Government agencies |
| The Federal Reserve System supplied the monetary system with $300 billion. This is an example of which service of the Federal Reserve System? | Participating in open market activities |
| John needed to purchase a soda as quick as possible. Which type of store would be the quickest? | Convenience |
| Joni estimated that her business could invest an additional $3,000. Which type of budget was used? | Cash |
| Which statement is true regarding Figure F? | Company B has less favorable debt to equity ratio than Company A |
| Mary checks the label on all products she buys for warnings. This is an example of which type of consumer information source? | Business sources |
| Phil is writing a company check and just completed writing the amount of the check in words. What should Phil do NEXT? | Write in the purpose of the check |
| Which number in Figure A refers to the check number? | 1 |
| Which financial ratio will John use if he wants to determine whether his business could pay its debts due this month? | Current |
| The Federal Reserve System approved the merger of Wachovia Bank and Wells Fargo Bank. This is an example of which service of the Federal Reserve System? | Approving bank mergers |
| Brad refuses to eat a new product because of a warning from the United States Department of Agriculture. This is an example of which type of consumer information source? | Government agencies |
| Joan read a newspaper article about a new and improved product coming on the market next week. This is an example of which type of consumer information source? | Media |
| Jack reviewed his company's budget for six months and determined that it is spending more on credit card purchases. Which type of budget was used? | Operating |
| Harry's Grocery Store revenue for last year was $98,000 and it paid $103,000 in expenses. Which is the net income/net loss amount for the store? | $5,000 net loss |
| Mary plans to order 300 cameras for her store inventory. Where is she in the consumer decision-making process? | Make a purchase |
| Mary is debating about which four of the following cameras to purchase: Canon, Casio, Epson, Konica Minolta, Nikon, Panasonic, and Sony cameras. These cameras have better performance records. Where is she in the consumer decision making process? | Select and evaluate alternatives |
| Using Figure E, what is the return on equity ratio for net profit to owners equity? | 0.67 |
| The Federal Reserve System aids in transferring funds between banks in North Carolina and New Jersey. This is an example of which service of the Federal Reserve System? | Clearinghouse |
| Ted projected that his business revenue for next quarter should be around $9,000. This is an example of what kind of financial planning? | Operation |
| Paul projected that his business expenses for next twelve months should be around $30,000. This is an example of what kind of financial planning? | Operation |
