1.The punishment in tort cases is the monetary compensation that the court orders the defendant to pay the plaintiff.
Select one:
True
False
2. A negligence tort results not from intentional wrong doing, but from carelessness.wrong doing, but from carelessness.
Select one:
True
False
3.If an Act is passed by the U.S. Congress, it will become a federal statute.
Select one:
True
False
4. E-commerce is business conducted over the Internet.
Select one:
True
False
5. Finance concerns the flow of money from one place to another.
Select one:
True
False
6. If a company is insolvent, it’s because it is spending more than it is generating.
Select one:
True
False
7.Price stability is among the three major goals of the Federal Reserve System.
Select one:
True
False
8. If you want to start a small business and need a bank loan, your banker will want primarily to see your mission statement.
Select one:
True
False
9. Liabilities are debts owed by a company to outside parties.
Select one:
True
False
10. Large companies need finance professionals to do all aof the following of the following _____.except
Select one:
a. analyze industry trends
b. review the financial needs of the company
c. conduct financial planning
d. check customer credit references
11. Stakeholders are parties who are interested in the activities of a business because they are impacted by them.
Select one:
True
False
12. Accounting is often called “the language of business.”
Select one:
True
False
13. Your statement of cash flow shows how much cash you have coming in and going out.
Select one:
True
False
14. Operations management is the management of the process that transforms resources into products.
Select one:
True
False
15. Businesses often find it easier to control production by locating plants as far away from customers as possible to avoid interruptions.
Select one:
True
False
16. Manufactured goods are usually customized.
Select one:
True
False
17. Computers provide great assistance in designing products.
Select one:
True
False
18. When consumers prefer and insist upon buying LL Bean products, they’re demonstrating brand loyalty.
Select one:
True
False
19. Orientation — sometimes called indoctrination — refers to the means by which employers introduce new employees to their jobs.
Select one:
True
False
20. Supply is the quantity of product that buyers are willing to purchase at various prices.
Select one:
True
False
21. A monopoly exists when there is only one seller in the market
Select one:
True
False
22. An economic indicator is a statistic that provides valuable information about the economy.
Select one:
True
False
23. Sole proprietorship, partnership, and corporation are the three legal forms of business ownership.
Select one:
True
False
